Realcent.org

Recyclersteve wrote:This is a very strange time. If you believe that miners are going to go bankrupt, that would decrease production quantities, which could ultimately be good for the price of silver. So I can understand if someone feels a bit uneasy about rooting for some bankruptcies to be announced soon because they feel their personal stack would then become more valuable. That person would likely be less at ease if they had physical silver and also owned stocks in silver miners. Of course, the paper shorts can do what they want to distort the markets- who knows when that will end...

silverstacker wrote:I was listening to Fox Business today and on two separate occasions they mentioned that gold cannot go under $1100 because that's the minimum or break even point for these mining company's.

Gold and silver are money because, unlike all other commodities, people accumulate them without limit. Virtually all of the gold ever mined in human history is still in human hands. The “stocks to flows” ratio (inventories divided by annual production) for gold is 80 years. For silver it is also measured in decades.

For other commodities, it is measured in months.

Think about this. It means that there is no such thing as a “glut” in gold or silver. If the wheat harvest comes in a few percent higher than expected, the price can crash. If oil consumption rises a little, the price can spike. But in the case of gold and silver, the value has nothing to do with either mine production or jewelry or electronics consumption.

Stability is exactly what we want and expect from money. The prices of gold and silver, as expressed in dollars, are unstable, not because of gold and silver, but because of the dollar itself.

This means that you cannot analyze the fundamentals of gold and silver with conventional techniques. It is not possible to predict changes in the prices by looking at “supply” (i.e. mining and recycling) and “demand” (i.e. jewelry and electronics). All of those huge inventories are potential “supply”, at the right price. Everyone on the planet is potential “demand”, at the right price.

barrytrot wrote:I'm in again! Fake silver you are mine!

NHsorter wrote:He's buying paper

brian0918 wrote:

silverstacker wrote:I was listening to Fox Business today and on two separate occasions they mentioned that gold cannot go under $1100 because that's the minimum or break even point for these mining company's.

That doesn't make sense. We're not dependent on miners to continue to supply us with gold/silver, so why would the price be bound in any way to mining activity?

Gold and silver are money because, unlike all other commodities, people accumulate them without limit. Virtually all of the gold ever mined in human history is still in human hands. The “stocks to flows” ratio (inventories divided by annual production) for gold is 80 years. For silver it is also measured in decades.

For other commodities, it is measured in months.

Think about this. It means that there is no such thing as a “glut” in gold or silver. If the wheat harvest comes in a few percent higher than expected, the price can crash. If oil consumption rises a little, the price can spike. But in the case of gold and silver, the value has nothing to do with either mine production or jewelry or electronics consumption.

Stability is exactly what we want and expect from money. The prices of gold and silver, as expressed in dollars, are unstable, not because of gold and silver, but because of the dollar itself.

This means that you cannot analyze the fundamentals of gold and silver with conventional techniques. It is not possible to predict changes in the prices by looking at “supply” (i.e. mining and recycling) and “demand” (i.e. jewelry and electronics). All of those huge inventories are potential “supply”, at the right price. Everyone on the planet is potential “demand”, at the right price.

http://monetary-metals.com/introduction ... nd-report/

Rodebaugh wrote:GSR 75 !!!!!!!!!!!!!!

93_Confirmed wrote:

Rodebaugh wrote:GSR 75 !!!!!!!!!!!!!!

That's ridiculous. I want to get in on some Au but I'm waiting for 50ish, which could be while out.

beauanderos wrote:

93_Confirmed wrote:

Rodebaugh wrote:GSR 75 !!!!!!!!!!!!!!

That's ridiculous. I want to get in on some Au but I'm waiting for 50ish, which could be while out.

If you want gold, buy silver and swap when it's favorable to your purchase price.

Rodebaugh wrote:GSR 75 !!!!!!!!!!!!!!