What? For the last dollar of downside coming from $20? LOL IAG will remain a going concern for a long time, and the era of gold won't be over until it's the last one standing. The Rothschilds are probably buying gold equities for a dime on the dollar if I had to guess. I like silver better myself, have for a long time. And will continue while it's only 1/63rd the price of gold!
Silver goes to $40-50 again and Twitter fades to the teens. Or maybe just buy the silver and forget about Tweeter.
The Fed creates nearly 5 BILLION $20 dollar bills a month with QE and gives it to the banks. Only 200-300M ounces of silver are left over after industrial demand for investors to buy WORLDWIDE ANNUALLY! People who think a $20 bill backed by NOTHING except more debt to pay for old debt is better than an ounce of silver are so dumb they should be Kervorkian-ed. Oh well, when these people die of diseases colloidal silver could cure and they are rendered ill and damaged from "modern medicine" they will wish they weren't so ignorant.
In another 10 years people will look at people who took damaging antibiotics and chemotherapy with the same astonishment that we look upon blood letting and drilling holes in skulls. Barbaric poisoning. Cannabis cures cancer, and colloidal silver will knock out even the most resistant strains of bugs.
It should be obvious how to beat these criminals at their own game. There is only 200-300M ozs of silver left over every year after all mining and scrap/recycling for investors to buy. That's 4 to 6 billion dollars worth of USD. LOL What is that? 1 or 2 days of QE? That's the market cap of a social networking IPO LOL. Buy some friggin silver and smile people. It costs WAAAY more to find, develop, permit, construct, and operate a mine than $20/oz so you can't go wrong if you have a time frame longer than a FRUIT FLY. When inflation finally does gain traction, people will be chittting in their pants like smarter people were 5 or 10 years ago. Stage your buys. The govt is giving everyone a subsidy to load up, and with a penchant for dumping 10000 contracts at illiquid times the criminals might keep striking.
Wrong, fiat money holders are the bagholders, and that includes the dollar and people dumb enough to loan money to the Treasury for almost no interest!
I do know how to spell consolidation btw, but I type sloppy. lol If PAAS hedges even one oz of silver for $20 or less I will sell every share.
All my coworkers at work are complaining about feeling bad and coming down with symptoms from the change in weather. I tell them about colloidal silver and how I never get sick. I don't even take it very often. The next leg in silver's bull market will involve a sea change in the average person's PERCEPTION of silver. We tend to LIKE things that make us healthy and wealthy. Well, silver does BOTH. Industrial and investment demand will be the main drivers, but the medical aspects of silver will catalyze a paradigm shift in how people look at silver. The truth will be revealed. Even if silver was totally inert medically, all the groundwork has been laid for a multiyear bull market. 2014 will involve retracing the correction, 2015 consoldiation and then breakout. Triple digit silver during the next president's tenure.
How come nobody can answer my question: What is worth more, a $20 bill of Federal Reserve Debt, or 1 oz fine .999 silver? It would seem obvious that there are only a few hundred million ozs of silver in the world in registered inventories, and probably only a couple billion ozs of silver aboveground in all forms globally. No govts have any silver stockpiles anymore. The sold it all and melted in down and is now in a part or a landfill. This all occured in the last century. The US govt spends about $1T more than it takes in (prints the money) every year. That's 50 BILLION 20 dollar bills LOL. And every month of QE is almost 5 BILLION twenty dollar bills. And that's just USSA fake, errr, fiat money. To say nothing about yuan and rubles, and pounds and yen and rupees and bhat and Euros and pesos and on and on and on.
A few hundred million ozs of silver laying around. And all those 20 dollar bills.... And Euros, and yen, and blah blah blah. Maybe you could make an argument against me if you could mine silver for $5 or $10 an ounce, but we all know it costs a LOT more than $20 an ounce to find, develop, construct, and operate a silver mine.
And take delivery outside the financial Ponzi system. SLV doesn't have "your" silver and it never was nor will be "your" silver.
At $50 silver. At $30 silver I think they will still do over $2 eps.
At $80-100 silver (do you think you will still be alive by the end of this decade?) AG cash flow will be in the $1B range. Wonder what kind of dividend payout they will have then?
Ok. Let's for argument's sake say there are one billion ozs of silver available for sale. Of course we know there isn't that much available silver, but anyways.... At $19.90 that is not even $20 billion. What is that? 6 days of QE?!? lol
a 20 dollar bill? LOL Easy choice. Bring it on Fed. The longer they keep the price this low the more stronger hands it falls into. Hands that won't be selling at $30..
Cannabis CURES CANCER and colloidal silver obsoletes antibiotics. Sucks to be a Big Pharma Poison Pusher!
Cannabis is the NEW CURE FOR CANCER. And colloidal silver is now the new SAFER MORE EFFECTIVE REPLACEMENT FOR ANTIBIOTICS.
Less than $20 for an ounce of fine .999 silver is pure #$%$. 1 oz of silver or an Andrew Jackson DEBT NOTE issued by bankrupt liars and cheats. Hmmm let me think.. Which one do I want?? LOLOLOL
Silver will be $25 again. And $35. And $45. It will not be $15 though. And AG was making money back when silver was under $20. All the silver available for investment in the whole world would take less money to buy than a few days QE. Problem for silver bears and trolls is the true amount of silver available for delivery is a trifle.
No it's not nonsense. I know of friends who used it to cure things modern medicine could not. Like a friend who had terrible kidney infection and tried a regular antibiotic to no avail and then the Dr gave a 10 day course of Cipro (bad stuff) and it did not cure it. A few teaspoons a day for less than a week did! They don't call it the Silver Bullet for nothing.
Can we get our money back on that one? Lol. Can we fire mgmt and give someone else a high salary who will make good decisions and earn the paycheck? Sorry I had to say it. Letwin comes across like a nice fellow but time to move on. We could be sitting on another $500M big ones. Or not have had to use the Note offering. There are all manner of accretive opportunities out there but we buy 1 g/t moose pasture and ignore miners producing cheaply or 100-200k oz starter projects trading for a song and dance. Ugh.