100 Year QUADRUPLE TOP in Silver/Financial COLLAPSE

[Guest ArmyVeteran37214]

[Sam1]

Cliff's notes for those who don't want to watch:

World monetary system is still collapsing (this has to be the slowest total collapse of anything that has existed in mankind according to this guy). Your paper money is no good, please buy silver from me.

[vontar]

If the Monetary system does totally collapse, well my Lead and brass stores will be even more valuable.

[Guest Lester Weevils]

Cliff's notes for those who don't want to watch:

World monetary system is still collapsing (this has to be the slowest total collapse of anything that has existed in mankind according to this guy). Your paper money is no good, please buy silver from me.

Those who scoff forget at their own peril that the doctor says it will kill you, but he don't say when. That said, the smart money will dump silver and go long on beanie babies. Global conspiracies can suppress the true value of beanie babies only so long. Long term suppression of beanie baby value is ultimately more futile than mounting an anvil on a workbench made of marshmallows. Eventually the beanie baby market will break out and then katy bar the door!

Edited August 26, 2012 by Lester Weevils

[Sam1]

Those who scoff forget at their own peril that the doctor says it will kill you, but he don't say when. That said, the smart money will dump silver and go long on beanie babies. Global conspiracies can suppress the true value of beanie babies only so long. Long term suppression of beanie baby value is ultimately more futile than mounting an anvil on a workbench made of marshmallows. Eventually the beanie baby market will break out and then katy bar the door!

I actually do invest in metals, mainly silver because gold is just too expensive to deal with. Even with my personel vested interest, these videos pushing the sale of metals remain mind-numbingly dumb, on the level of a dollar store palm reader. At some point just from a pure statistical viewpoint, something they have "predicted" will happen and then they will ask everyone to forget the 27 years of fake panic they have created and do the see I told you so story.

This is exactly like Goodyear buying up TV time to tell you that the rubber supplies around the world have been contaminated and you should stock up on tires before that new compound reaches the market... And also that you should pay no attention that they are the ones selling the tires.

[JohnC]

Disclaimer: didn't watch the vids, already know about coins...

You guys can make fun of silver/gold coins all you want, but they are a way to hold value and sometimes make a bit of cash.

My wife and I got in to gold at $900 a coin/troy ounce and recently sold some at a coin shop on the west side of Nashville that paid out 99% of the current value for over $1,600 for each 1oz coin. I compared that to the inflation at the time and we didn't only hold our value with gold, we made some good profit. Had we put that cash in the bank, due to its devaluation, we'd lost money.

My only wish is we'd sold when gold hit its highest value.

Edited August 27, 2012 by JohnC

[Guest Lester Weevils]

I'm just being a smartass. If it walks like a bubble and quacks like a bubble than most likely it is a bubble. Never trusted any kind of investment. Had to work too hard for the money to hand it over to a fast-talking guy in a suit regardless whether he's selling stocks, bonds, annuities, metals or real estate. The fella's working on commission and taking it off the top regardless. Making no claim that my attitude is realistic, but I just can't hand my money to some smirking putz pretending to be nice so I'll give him my money. Even if its the deal of the century, just can't do it.

If metals go thru the roof will be tickled pink because I have some metals and wouldn't mind making a big profit. However, if metals go that high short term, for one thing it will indicate times so dire that the dollar value of metals will be the least of our concerns. And for another thing, salaries won't near-term track that kind of metals price inflation, so even if you have a bunch of silver valued at $100 per ounce or whatever, then nobody will have that kind of money to buy your silver, so if you need dollars to buy beans and weenies, silver might as well be worthless if it has risen so high that nobody can afford to buy your silver.

Now if silver hits $100 per ounce about the same time the minimum wage has reached $50 to $100 per hour, and we have unemployment below 10 percent, maybe I'll be able to unload the silver. But the odds of near-term $50 per hour minimum wage are even more remote than near-term $100 silver.

Up to the last couple of years, for decades silver has floated in the ballpark of 1X to 3X minimum wage.

For instance in 1938 the first year of federal minimum wage, a troy ounce of silver was 1.712X the minimum wage of $0.25 per hour.

In 1945 silver was 1.77X the minimum wage of $0.40 per hr.

In 1950 silver was 1.07X the min wage of $0.75 per hr.

In 1956 silver was 0.914X the min wage of $1.00 per hr.

In 1963 silver was 1.03X the min wage of $1.25 per hr.

In 1968 silver was 1.22X the min wage of $1.60 per hr.

In 1974 silver was 2.2X the min wage of $2.00 per hr.

In 1982 silver was 3.16X the min wage of $3.35 per hr. (this was the peak of the previous bubble which popped horribly and bankrupted a few unwise fellers)

In 1991 silver had dropped back down to 0.92X the min wage of $4.25 per hr.

In 1997 silver was 1.15X the min wage of $5.15 per hr.

In 2006 silver was 2.24X the min wage of $5.15 per hr. (our current bubble had been starting up since about 2004)

in 2007 silver was 2.27X the min wage of $5.85 per hr. (they hiked the min wage but silver took off even more)

In 2008 silver was 2.29X the min wage of $6.55 per hr. (silver ratio stayed near constant in spite of big wage hike)

in 2009 silver was 2.03X the min wage of $7.25 per hr. (silver dropped along with everything else for part of the year, and the min wage got another big hike)

in 2010 silver was 2.78X the min wage of $7.25 per hr. (seriously pumping a bubble now)

in 2011 silver was 4.84X the min wage of $7.25 per hr. (hold on Nelly!)

in 2012 silver was 4.17X the min wage of $7.25 per hr. (dropped off a little IMO because the average joe can't buy silver much higher than 4X min wage, and you can't sell what people can't afford to buy)

We've been higher than the peak of the 1980's bubble for two years. If it walks like a bubble and it quacks like a bubble, then it is probably a bubble.

There is money to be made. The only sad silver investors will be the last ones to sell before the bubble pops. All the guys who got out in time will be happy campers. We can take a lesson from Terry McCauliffe, prior DNC chairman. In a couple of years he parlayed $100,000 investment in Global Crossing into an $18 million return, and he was all sold out before the company went bankrupt and the last suckers to buy lost their shirts. Terry didn't do anything wrong, he just legally collected a bunch of money off people too dumb not to overpay on bad stock. Some folks are real smart. Some folks are lucky enough to win the lottery. Terry must be one of those guys because political connections couldn't have had anything to do with it.

Edited August 27, 2012 by Lester Weevils