Silver & fashion (good read)

[Mega]

http://www.zerohedge.com/article/thu...-and-much-more

Well worth yout time, me thinks!
Mike

[LargoWinch]

Re: Silver & fashion (good read)

"Silver is no longer owned by Central Banks"...Bingo [me thinks].

[Starving Steve]

Re: Silver & fashion (good read)

During the Jimmy Carter fiasco (i.e, the last big recession ) silver traded 90:1 with gold. Since silver is 65:1 with gold now, perhaps a case could be made that silver is OVER-priced relative to gold to-day. After all, it isn't as if we are awaiting a strong world recovery, just in sight. Rather, it looks like the world may double-dip deeper into the toilet, and that would imply that silver is OVER-priced.

Then we have silver as a by-product of copper mining, and a by-product of the mining of other base metals. So with record high base metal prices now, silver is coming onto the world market from everywhere.

And what is the demand for silver? Photographic film? X-ray film? (This is not 1910.)

[Fiat Currency]

Re: Silver & fashion (good read)

Then we have silver as a by-product of copper mining, and a by-product of the mining of other base metals. So with record high base metal prices now, silver is coming onto the world market from everywhere.

And what is the demand for silver? Photographic film? X-ray film? (This is not 1910.)

Surprised to see you say that given your background SS.

Industrial uses for silver are being found everyday. Heck, given its anti-bacterial properties alone - they are coming up with everything from silver micro-threads in underwear, socks, hospital sheets etc. Battery technology is another. Ask any submarine designer what they use for batteries. Then there's the nano field uses like ultra-capacitors, high-end optics etc. Ratios are over-played.

From memory - there's 4 or 5 times more gold above ground than silver. Silver stocks have been declining for several years now. Don't discount "the metal that disappoints".

[aaron]

Re: Silver & fashion (good read)

U.S. Silver production ~1200 tons/year
U.S. Silver Eagle Sales: 685 tons so far this year.

http://www.usmint.gov/mint_programs/...ales&year=2010
http://www.silverinstitute.org/supply_demand.php

[Spartacus]

Re: Silver & fashion (good read)

wasting your time, IMHO. all of this and more has been posted, with links. Regardless of facts, expect to see the same comment every time Silver comes up for discussion.

Surprised to see you say that given your background SS.

Industrial uses for silver are being found everyday. Heck, given its anti-bacterial properties alone - they are coming up with everything from silver micro-threads in underwear, socks, hospital sheets etc. Battery technology is another. Ask any submarine designer what they use for batteries. Then there's the nano field uses like ultra-capacitors, high-end optics etc. Ratios are over-played.

From memory - there's 4 or 5 times more gold above ground than silver. Silver stocks have been declining for several years now. Don't discount "the metal that disappoints".

[Starving Steve]

Re: Silver & fashion (good read)

Regardless of the failure of Fed policy to inflate the world's way out of this Great Recession, both silver and gold appear to be in bubbles. These bubbles have their pide-pipers (bubble-blowers or cheer-leaders) which are apparently being paid by the precious metals lobby.

No, I don't like bubbles, not even precious metals bubbles. No, precious metals are not a religion to me. I hate crowded boats, and I hate crowds. So, I am thinking of selling my core position in gold, but I haven't made-up my mind yet.... We need one more absurd rally in PM prices to really blow-the-lid-off and get everyone into precious metals. We need the steeple on this church (on the charts).

Ideally, I could trade my PMs for a rental-income property someday. But how? And the accounting is not easy? Tax compliance is an issue, and I do not want to break the law ever. So, big problems as far as accounting ahead if I do sell into the steeple--- which I would be inclined to do.

Every church needs a steeple!

[karim0028]

Re: Silver & fashion (good read)

Regardless of the failure of Fed policy to inflate the world's way out of this Great Recession, both silver and gold appear to be in bubbles. These bubbles have their pide-pipers (bubble-blowers or cheer-leaders) which are apparently being paid by the precious metals lobby.

No, I don't like bubbles, not even precious metals bubbles. No, precious metals are not a religion to me. I hate crowded boats, and I hate crowds. So, I am thinking of selling my core position in gold, but I haven't made-up my mind yet.... We need one more absurd rally in PM prices to really blow-the-lid-off and get everyone into precious metals. We need the steeple on this church (on the charts).

Ideally, I could trade my PMs for a rental-income property someday. But how? And the accounting is not easy? Tax compliance is an issue, and I do not want to break the law ever. So, big problems as far as accounting ahead if I do sell into the steeple--- which I would be inclined to do.

Every church needs a steeple!

PM's are a trade for me as well, they look shiny and nice and all, but its all about relativity.... But, take a look at the sheer madness at the end of a bubble climax... Gold at 5x its multi generational low and 500 dollars above its 30 year nominal high, is not a bubble.... Silver at 60% off its high from 30 years ago is not a bubble. Bubbles always end in a climax buying.

Dow Jones from 1980 (1000 points) to 2007 (14198) 14X its low...

http://www.chartsrus.com/chartshell....xed/30DJIA.gif

From its low to high in 1980 gold went up 24-26x from its low point......

http://www.sharelynx.com/chartsfixed/GC1970.gif

Silver From $3 to $50 ~15x the low

http://www.sharelynx.com/chartsfixed/SI.gif


How about bonds? From a yield of 16% to a yield of 2% in 30 years? What goes up must come down, especially when the fundamentals blow...

We havent even gotten into the dollar collapse mania yet, by that time everyone will be scurrying into metals to escape the dollar...

Some folks might say this time it will be different (ie. wont happen again)... Hmm, i wonder why all those charts of non-related markets all look the same??? I hate to disappoint, but we are human, about the only thing that is certain is that it will happen again. History might not repeat exactly, but it sure as hell ryhmes.....