Invest in silver!

[OHIOSS]

I am not a broker or anything like that but I have been doing a lot of research on silver. I met a commodities broker that told me there is going to be a major shortage of silver in the very near future and silver could go up 700% by the end of 2013. Do your own research online and you can verify everything I'm saying.

I bought silver (SLV) 3 weeks ago and have already made more than $3K as it's gone up every single day since I bought it. Today I sold some Exxon, Phillips 66, and Marathon stock to buy more silver. By the end of the week I will own about $60K of stock SLV.

If the stock even doubles I see a new ZL1 and Gen 7 in my driveway!!

Do your own research and make your own decisions. Here is one article the broker sent to me yesterday but there are countless articles online about silver increasing in cost significantly in the near future.

http://seekingalpha.com/article/1122...cro_view&ifp=0

Good luck!

Russ

[camarowa]

Hahaha........talk to me in 12-18 months

[PoorMansCamaro]

i need money first. lol

[myold88]

Originally Posted by camarowa

Hahaha........talk to me in 12-18 months

camarowa:
I think It's a safe bet- Are you disputing what OHIOSS is saying ?
Just curious of your reply.

[midnighter]

I'll trade my gold for it.

[woodstock]

I have been buying Morgan and Peace silver dollars on Ebay for years,I reciently sold $400 in Morgans to a dealer at a show for a $300 profit. I continue to guy knowing that silver like Gold will continue to rise.

[OHIOSS]

Originally Posted by camarowa

Hahaha........talk to me in 12-18 months

Do you mean sliver is going to tank in 12-18 months? Please tell me what you base this on or where you got this info because I would like to check it out.

It's possible that this will happen but I'm in it for short term (< 1 year) unless all of the indicators continue to be positive.

Did you check out the link I attached?

Woodstock- according to the article in the link I posted the government has suspended selling silver coins. The sales on silver coins have literally gotten out of hand with all of the orders people are placing.

Russ

[MikeSVX]

A gen 7? You mean a C7 vette or a gen 7 Camaro??

[insidethreat07]

Where do you do all this stuff and how would I get started. Ive never done this before

[camarowa]

I type way too slow for a long and detailed explanation. I will make 2 statements. 1. Wall Street investment banks are actively accumulating short positions in silver. Based on trading patterns silver is expected to trade between $18-22 oz. 2. SLV trades in "paper" silver, you do not own any physical silver what so ever........talk about an additional layer of risk. For most of us that is a concern. You might want to look into pslv........

[silentownage001]

So, the most prudent thing investors can do now is just buy physical silver (PSLV).

The article says PSLV yet you invest in SLV. How come?

[camarowa]

Originally Posted by silentownage001

The article says PSLV yet you invest in SLV. How come?

A lot of people are under the assumption that when they buy "slv" that they are buying silver. While in reality you are buying silver contracts, aka paper. These are derivative instruments.

[Number 3]

Originally Posted by OHIOSS

Do you mean sliver is going to tank in 12-18 months? Please tell me what you base this on or where you got this info because I would like to check it out.

It's possible that this will happen but I'm in it for short term (< 1 year) unless all of the indicators continue to be positive.

Did you check out the link I attached?

Woodstock- according to the article in the link I posted the government has suspended selling silver coins. The sales on silver coins have literally gotten out of hand with all of the orders people are placing.

Russ

That's funny. I just went to the usmint.com and you can still by uncirculated silver dollars for about $50. They are sold out of 2012 PROOF silver dollars but that happens every year for the previous year especially a month into the next year.

[The_Blur]

Originally Posted by camarowa

A lot of people are under the assumption that when they buy "slv" that they are buying silver. While in reality you are buying silver contracts, aka paper. These are derivative instruments.

To further this discussion, let me give an example.

If I know silver is going to increase in value, I'll buy a contract for a future date. When that date approaches, I should sell the contract at the higher value. If I do not sell this contract, someone is going to try to deliver silver to me.

Commodities are very complicated instruments, but they are used by buyers, sellers, and speculators to lock in pricing so that volatile markets do less harm to their bottom line. Buy purchasing a futures contract, you are speculating that the price will go up and therefore lock in the lower price. When you sell that same contract, you are trying to profit from the difference in price.