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Corrections Corporation of America Message Board

grow_and_grow 255 posts  |  Last Activity: Mar 8, 2012 10:56 AM Member since: Sep 10, 2006
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  • grow_and_grow grow_and_grow Mar 8, 2012 10:56 AM Flag

    LOL. That is right. Silver doubled in price in the past two years, and it is going very strong again this year. With the U.S., Europe, Japan, China all printing money like no tomorrow, silver is sure to go up.

  • grow_and_grow grow_and_grow Mar 7, 2012 12:39 PM Flag

    If you did sell your liver to buy silver, you would have made a lot of money.

  • grow_and_grow grow_and_grow Feb 12, 2012 3:49 PM Flag

    Although silver is up more than 20% in January and doubled in price in the past two years, it is still very cheap. It is a lot more affordable than gold.

    You do not have to sell a kidney to invest in silver. :-)

  • Reply to

    Ballmer should go

    by zydeco33 Feb 7, 2012 11:50 AM
    grow_and_grow grow_and_grow Feb 7, 2012 12:49 PM Flag

    Perhaps Bill needs to come back. :-)

  • grow_and_grow grow_and_grow Feb 7, 2012 12:37 PM Flag

    Who loves silver?
    grow_and_grow

    Silver has been one of the best performing asset class this year. It is up more than 20% in January. Looks like silver is going for double or triple price this year just like 2009 and 2010.

    I love silver.

  • US debts are hitting ceiling again. Most of you probably know that with the excessive money printing, it is better to invest in gold to preserve wealth, but do you know silver is actually even better than gold? Do you know there is less above ground silver inventory than gold? Silver is rarer than gold from the inventory perspective. And silver is extremely undervalued comparing to gold. The mining ratio of gold/silver is 1/10, but the gold/silver price ratio is 55/1. If you value silver by mining ratio, silver still has room to go up five folds for its price to catch up with the gold price. However, if you value silver by the inventory availability, silver can go up 55 folds in price to catch up with gold. More information about the severe silver shortage here: http://www.youtube.com/watch?v=-IiarVvZguY

    You should have a long-term view and be prepared to ride out the ups and downs when investing in silver because silver prices like other commodities are volatile. If you can hold on to silver, it can bring you huge profits in the coming decades.

    Take a look at the Congressional Budget Office web site: http://www.cbo.gov/ftpdocs/122xx/doc12212/06-21-Long-Term_Budget_Outlook.pdf Look at how the long-term Federal Debt (first page) will go totally out of control in the next few decades. That is when the real parabolic silver rally will begin. Believe it or not, the dollar will become worthless with the U.S. deficits totally out of control. Silver will be your best guard against the devaluation of the U.S. dollar in the next few decades (not just years).

    There are a few ways to invest in silver:

    1. Buy silver future contracts: If you can trade futures, you can buy silver futures. This is the most risky way to play silver due to leverage. You can win or lose big in short period of time.

    2. Buy silver funds: SIVR, PSLV and SLV are all silver funds. They hold actual silver in vaults. So it is a simply way to own silver indirectly.

    3. Buy Ultra Silver fund (Symbol: AGQ): AGQ is also an aggressive way to invest in silver. AGQ is designed to move at twice the rates of the silver prices. If silver is up 1% in price, AGQ is designed to go up 2%, vice versus.

    4. Buy silver miner stock (Symbol: SLW): SLW is the largest silver streaming company in the world. When silver price goes up, SLW profits go up too. It reported 470% increase in earnings in the last quarter of 2011. Despite the huge growth, its PE is only 18. Very profitable company and extremely undervalued stock.

    5. Buy silver coins from the US Mint: I recommend to invest in high concentration silver coins like American Eagles Silver coins: http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?langId=-1&storeId=10001&catalogId=10001&identifier=1000 However, due to the severe silver shortage, even the US Mint is experiencing difficulties in obtaining silver to make coins sometimes and does not have them available at all times anymore. You need to buy them when they are available. The alternative is to buy lower concentration silver coins: http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?langId=-1&storeId=10001&catalogId=10001&identifier=2000 Lower concentration silver coins have better availabilities, but they can be sold out from time to time too. Be careful, not all coins are silver coins. You want to buy silver coins, not regular coins. And if you are new to coins, only buy from the US Mint, not internet sellers. There are many fake silver coins on the net.

    Good luck to all!

  • Reply to

    Enterprise moving quickly to adopt iOS

    by rimlytarder Jan 26, 2012 7:47 PM
    grow_and_grow grow_and_grow Jan 26, 2012 11:50 PM Flag

    That was due to first mover advantage. It will get harder for iPad to keep its market share going forward.

  • grow_and_grow grow_and_grow May 24, 2011 12:09 PM Flag

    I told you guys the excessive money printing is bad for dollar and very good for silver as a long-term investment. Utah became the first state to make silver and gold legal currencies. http://blogs.barrons.com/focusonfunds/2011/05/23/more-than-a-dozen-states-looking-to-make-gold-as-good-as-cash/?mod=yahoobarrons As a result silver is breaking out of the trading range and going higher.

  • grow_and_grow grow_and_grow May 24, 2011 12:01 PM Flag

    Did you buy some silver with wings? Silver is flying higher today. Utah became the first state to make gold and silver legal currencies: http://blogs.barrons.com/focusonfunds/2011/05/23/more-than-a-dozen-states-looking-to-make-gold-as-good-as-cash/?mod=yahoobarrons

  • grow_and_grow grow_and_grow May 24, 2011 11:46 AM Flag

    Utah became the first state to make gold and silver legal currencies. http://blogs.barrons.com/focusonfunds/2011/05/23/more-than-a-dozen-states-looking-to-make-gold-as-good-as-cash/?mod=yahoobarrons Silver broke out of trading range today and going up very strong.

  • grow_and_grow grow_and_grow May 21, 2011 2:40 PM Flag

    Actually, we have a reverse situation of Hunt Brothers now. JP Morgan Chase actually has 30% of the silver future short positions, but they have no silver mine to make actual silver delivery.

    If the Hunt Brothers unloaded the silver long positions resulted in the silver price collapsed before, think about what will happen with the reverse situation where the JP Morgan has to unload all its short positions to buy and cover. How high will silver go?

  • grow_and_grow grow_and_grow May 21, 2011 2:31 PM Flag

    Shanghai Futures Exchange expected to launch silver futures this year http://news.xinhuanet.com/english2010/china/2011-05/21/c_13886964.htm This is going to increase the silver demand big time. No wonder China banned silver exports earlier.

  • grow_and_grow grow_and_grow May 18, 2011 2:35 PM Flag

    You are very welcome.

  • US debts are hitting ceiling again. The excessive money printing has sent gold prices up 32% in the past year, but do you know silver was up 156% in the past year? Do you know why silver went up more than gold? The reason is simple: There is less silver inventory than gold. Silver is rarer than gold from the inventory perspective. And silver is extremely undervalued comparing to gold. The mining ratio of gold/silver is 1/10, but the gold/silver price ratio is 30/1. If you value silver by mining ratio, silver still has room to triple its price to catch up with the gold price. However, if you value silver by the inventory availability, silver can go up 30 folds in price to catch up with gold. More information about the severe silver shortage here: http://www.youtube.com/watch?v=-IiarVvZguY

    You should have a long-term view and be prepared to ride out the ups and downs when investing in silver because silver prices like other commodities are volatile. If you can hold on to silver, it can bring you huge profits in the coming decades. Just like those who rode out the silver volatilities of the past year were able to more than double their money.

    Some people argue the huge silver rally of the past 5 years was a bubble rally, but I argue the opposite. I believe the real silver rally has not even started yet. Go to the Congressional Budget Office web site: http://www.cbo.gov/ftpdocs/115xx/doc11579/06-30-LTBO.pdf Look at how the long-term Federal Debt (first page) will go parabolic high in the next few decades. That is when the real parabolic silver rally will begin. It is not the silver becoming a bubble. It is the dollar becoming worthless. Silver will be your best guard against the devaluation of US dollar in the next few decades (not just years). It is not too late to be part of the multi-decade silver rally.

    There are a few ways to invest in silver:

    1. Buy silver future contracts: If you can trade futures, you can buy silver futures. This is the most risky way to play silver due to leverage. You can win or lose big in short period of time.

    2. Buy Ultra Silver fund (Symbol: AGQ): AGQ is also an aggressive way to invest in silver. AGQ is designed to move at twice the rates of the silver prices. If silver is up 1% in price, AGQ is designed to go up 2%, vice versus.

    3. Buy silver miner stock (Symbol: SLW): SLW is the largest silver streaming company in the world. When silver price goes up, SLW profits go up too. It reported 141% increase in earnings in the 1st quarter of 2011, and the analysts are expecting it to more than triple profits in the 2nd quarter. Despite its stock price was up more than 60% in the past year, it is still extremely undervalued.

    4. Buy silver funds: SIVR, PSLV and SLV are all silver funds. They hold actual silver in vaults. So it is a simply way to own silver indirectly.

    5. Buy silver coins from the US Mint: I recommend to invest in high concentration silver coins like American Eagles Silver coins: http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?langId=-1&storeId=10001&catalogId=10001&identifier=1000 However, due to the severe silver shortage, even the US Mint is experiencing difficulties in obtaining silver to make coins recently and does not have them available at all times anymore. You need to buy them as soon as available. Last batch was sold out in 5 minutes. The alternative is to buy lower concentration silver coins: http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?langId=-1&storeId=10001&catalogId=10001&identifier=2000 Lower concentration silver coins have better availabilities, but they can be sold out from time to time too. Be careful, not all coins are silver coins. You want to buy silver coins, not regular coins. And if you are new to coins, only buy from the US Mint, not internet sellers. There are many fake silver coins on the net.

    Good luck to all!

  • grow_and_grow grow_and_grow May 17, 2011 3:19 PM Flag

    The government debate on raising debt ceiling may be giving wings to silver again. It kind of reminding people why they should invest in precious metals and not trusting the government in its free daily dollar printing.

  • The high inflation caused by the excessive money printing of the Fed has sent gold prices to all time high with 28% rise for the past year, but do you know that silver was up 114% for the same period? Do you know why silver more than doubled its price in a year and went up more than gold? The reason is simple: There is actually less above ground silver inventory than gold. Silver is rarer than gold from the inventory perspective. And silver is extremely undervalued comparing to gold. The mining ratio of gold/silver is 1/10, but the gold/silver price ratio is currently at 30/1. If you value silver by mining ratio, silver still has room to triple its price to catch up with the gold price. However, if you value silver by the inventory availability, silver can go up 30 folds in price to catch up with the gold price. You can find more detailed information about severe silver shortage here: http://www.youtube.com/watch?v=-IiarVvZguY

    To invest in silver, you need to have a long-term view, and be prepared to ride out the ups and downs because silver prices like many other commodity prices are very volatile. If you can hold on to the silver for the long-term, then silver investment can bring you huge profits for the coming years/decades. It will give you huge profits just like those who rode out the silver volatilities of the past year were able to more than double their money.

    There are a few ways to invest in silver:

    1. Buy silver future contracts: If you have a future trading account, you can buy silver futures. This is the most risky way to play silver due to the leverage. You can win or lose very big in very short period of time trading silver futures.

    2. Buy Ultra Silver fund (Symbol: AGQ): AGQ is an aggressive way to invest in silver. AGQ is designed to move at twice the rates of the silver ups and downs. If silver is up 1% in price, AGQ is designed to go up 2%, vice versus. If you have the guts to play in a rough sea, but not to the point of trading silver future contracts, then AGQ is for you.

    3. Buy silver miner stock (Symbol: SLW): This is the largest silver streaming company in the world. When silver price goes up, SLW profits go up too. The analysts are expecting SLW to triple its profits for the first quarter of 2011. Despite the stock price has doubled in the past year, it is actually still very undervalued.

    4. Buy silver funds: SIVR, PSLV and SLV are all silver funds. They hold actual silver in vaults. So it is a very simply way for you to own silver indirectly.

    5. Buy silver coins from the US Mint: However, due to the severe silver shortage, even the US Mint is experiencing difficulties in obtaining silver to make silver coins recently. You may have to keep checking the US Mint web site and buy it whenever it is available. I highly recommend you to invest in high concentration silver coins like American Eagles Silver coins: http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?langId=-1&storeId=10001&catalogId=10001&identifier=1000 However due to the severe silver shortage, the US Mint does not have them available at all times anymore. You need to buy them as soon as they are available. Last batch was sold out in 5 minutes. The alternative is to buy lower concentration silver coins: http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?langId=-1&storeId=10001&catalogId=10001&identifier=2000 Lower concentration silver coins have better availabilities, but they can be sold out from time to time too. Be a little bit careful, not all coins are silver coins. You want to only invest in silver coins, not just regular coins. I personally would recommend you to invest in high concentration American Eagle Silver coins only. And if you are new to silver coins, only buy silver coins from the US Mint, not other internet sellers. There are many fake silver coins on the market.

    Good luck to all!

  • grow_and_grow grow_and_grow May 10, 2011 11:39 AM Flag

    Forgot to mention SIVR and PSLV are also silver funds that hold silver in vaults.

  • You may know the high inflation caused by the excessive money printing of the Fed has sent gold prices to all time high with 28% rise for the past year, but do you know that silver was up 114% for the same period? Why did silver more than double its price in a year and up more than gold? The reason is simple: There is actually less above ground silver inventory than gold. Silver is rarer than gold from inventory perspective. And silver is extremely undervalued comparing to gold. The mining ratio of gold/silver is 1/10, but the gold/silver price ratio is currently at 30/1. If you value silver by mining ratio, silver still has room to triple its price to catch up with the gold price. However, if you value by the inventory availability, silver can go up 30 folds in price to catch up with the gold price. You can find more detailed information about severe silver shortage here: http://www.youtube.com/watch?v=-IiarVvZguY

    If you have a long-term view, and be prepared to ride out the ups and downs because silver prices like many commodity prices are very volatile, then silver investment can bring you huge profits for the coming years. It will give you huge profits just like those who rode out the silver volatilities of the past year were able to more than double their money.

    There are a few ways to invest in silver:

    1. Buy silver future contracts if you are able to trade silver futures. This is the most risky way to play silver due to the leverage. You can win or lose big in very short time.

    2. Buy silver coins from the US Mint: However, due to the severe silver shortage, even the US Mint is experiencing difficulties in obtaining silver to make silver coins recently. You may have to keep checking the US Mint web site and buy it whenever it is available: http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?langId=-1&storeId=10001&catalogId=10001&identifier=2000 Be a little bit careful, not all coins are high concentration silver coins. You want to only invest in high concentration silver coins. And if you are new to silver, only buy silver coins from the US Mint, not other internet sellers. There are many fake silver coins on the market.

    3. Buy silver miner stock (Symbol: SLW): This is the largest silver streaming company in the world. When silver price goes up, SLW profits go up too. The analysts are expecting SLW to triple its profits for the first quarter of 2011. Despite the stock price has doubled in the past year, it is actually still very undervalued.

    4. Buy silver funds: SIVR, PSLV and SLV are all silver funds. They hold actual silver in vaults. So it is a very simply way for you to own silver indirectly.

    5. Buy Ultra Silver fund (Symbol: AGQ): AGQ is an aggressive way to invest in silver. AGQ is designed to move at twice the rates of the silver ups and downs. If silver is up 1% in price, AGQ is designed to go up 2%, vice versus. If you have the guts to play in a rough sea, but not to the point of trading silver future contracts, then AGQ is for you.

    Good luck to all!

  • grow_and_grow grow_and_grow May 10, 2011 11:12 AM Flag

    Thanks for the wings. Silver has been flying higher. After it went up 7% yesterday, it is still flying higher today. :-)

  • You probably know the high inflation caused by the excessive money printing of the Fed has sent gold prices to all time high with 28% rise for the past year. However, do you know that silver was up 114% for the same period? Why did silver more than double its price in a year and up more than gold? The reason is simple: There is actually less above ground silver inventory than gold. Silver is rarer than gold from inventory perspective. And silver is extremely undervalued comparing to gold. The mining ratio of gold/silver is 1/10, but the gold/silver price ratio is currently at 30/1. If you value silver by mining ratio, silver still has room to triple its price to catch up with the gold price. However, if you value by the inventory availability, silver can go up 30 folds in price to catch up with the gold price. You can find more detailed information about severe silver shortage here: http://www.youtube.com/watch?v=-IiarVvZguY

    Silver investment can bring you huge profits for the coming years. However, you need to have a long-term view, and be prepared to ride out the ups and downs because silver prices like many commodity prices are very volatile. If you can hold on to your silver investment for the long-term, it will give you huge profits just like those who rode out the silver volatilities of the past year were able to more than double their money.

    There are a few ways to invest in silver:

    1. Buy silver coins from the US Mint: However, due to the severe silver shortage, even the US Mint is experiencing difficulties in obtaining silver to make silver coins recently. You may have to keep checking the US Mint web site and buy it whenever it is available: http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?langId=-1&storeId=10001&catalogId=10001&identifier=2000 Be a little bit careful, not all coins are high concentration silver coins. You want to only invest in high concentration silver coins. And if you are new to silver, only buy silver coins from the US Mint, not other internet sellers. There are many fake silver coins on the market.

    2. Buy silver miner stock (Symbol: SLW): This is the largest silver streaming company in the world. When silver price goes up, SLW profits go up too. The analysts are expecting SLW to triple its profits for the first quarter of 2011. Despite the stock price has doubled in the past year, it is actually still very undervalued.

    3. Buy silver fund (Symbol: SLV): SLV is the largest silver trust fund. It holds actual silver in vaults. So it is a simply way to own silver.

    4. Buy Ultra Silver fund (Symbol: AGQ): AGQ is the aggressive way to invest in silver. AGQ is designed to move at twice the rates of the silver ups and downs. If silver is up 1% in price, AGQ is designed to go up 2%, vice versus. If you have the guts to play in a rough sea, AGQ is for you.

    Good luck to all!

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