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General Storage Auction Talk / Re: Any of you guys sitting on silver? You selling or holding with the recent crash?
« on: May 07, 2011, 07:56:00 PM »
I guess this topic is focused more about if one should hold on to scrap silver found in storage lockers or hold on to it and see if the price increases:
My perspective is considering silver as an investment and a hedge against inflation.
In my opinion,
1. Ignore Kudlow.
2. What ever Cramer says, do the opposite.
3. If I remember correctly the silver crash in the 1980 had something to do with the Hunt Brothers cornering the silver market and causing price manipulations/panic.
4. Much of the drop in silver last week was caused by new trading rules put into affect by Comex that start on Monday May 9, 2011.
5. Buy, Buy, Buy! silver historically trades lower in June and July, so the next three months could be very good for buying silver to hold for the long run.
6. Bin Laden's death doesn't take currency (money supply) out of the market or wipe Credit Default Swaps of the books. The dollar is weakening, and only seems to take a break on days that the Euro looks worse, but both currencies are in a race to the bottom right now.
My perspective is considering silver as an investment and a hedge against inflation.
In my opinion,
1. Ignore Kudlow.
2. What ever Cramer says, do the opposite.
3. If I remember correctly the silver crash in the 1980 had something to do with the Hunt Brothers cornering the silver market and causing price manipulations/panic.
4. Much of the drop in silver last week was caused by new trading rules put into affect by Comex that start on Monday May 9, 2011.
5. Buy, Buy, Buy! silver historically trades lower in June and July, so the next three months could be very good for buying silver to hold for the long run.
6. Bin Laden's death doesn't take currency (money supply) out of the market or wipe Credit Default Swaps of the books. The dollar is weakening, and only seems to take a break on days that the Euro looks worse, but both currencies are in a race to the bottom right now.