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Old 09-21-2012, 19:19   #1258
pugman
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Join Date: May 2003
Location: Wisconsin
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Quote:
Originally Posted by SilverCity View Post
http://www.silverdoctors.com/cartel-...35/#more-14264

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

SC
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?
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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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