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Old 09-21-2012, 19:19   #1258
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Join Date: May 2003
Location: Wisconsin
Posts: 6,297
Originally Posted by SilverCity View Post

Guess they don't want 35 dollars. We'll see what happens next week....

There has been manipulation in markets since there were markets.

In reality, I don't want $35/oz silver either. In the same way, no one wants $300/barrel oil. If silver hit $40 or $45 an oz would you sell? How about $100?

If you are buying silver like I am its a two fold position. 1) I already max out my 401K and Roth contributions, I fund a HSA and pay at least one extra mortgage payment a year. My silver purchases are just another investment I feel will pay off in the future 2) Its my security blanket. If the world goes the way I think it will hard commodities (or really anything other than fiat currency) will be king.

The one thing I noticed about the article was this "The cartel understood the predicament they were in, and responded with a massive paper dump on the market to stuff price back below $35."

How much physical gold and silver is out there to back the paper?
Now when asked when I think things will change I answer "The next time Thomas (aka the fed) robs Peter (aka the 53%) to pay Paul (aka the 47%) and Peter pulls a gun...things will change"

Last edited by pugman; 09-21-2012 at 19:20..
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