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Crash JP Morgan, Buy Physical Silver!
 Part of channel(s): Yoursay (promoted)

At the very least, get rid of some fiat before its worthless.

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Added: Dec-3-2010 Occurred On: Dec-3-2010
By: Kid_A
In: Your Say
Tags: silver, bullion, physical, crash jp morgan, chase, goldman sachs, max keiser,
Marked as: approved
Views: 7421 | Comments: 21 | Votes: 1 | Favorites: 2 | Shared: 0 | Updates: 0 | Times used in channels: 2
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  • I'm hoarding credit card debt, just in case.

    Posted Dec-4-2010 By 
    buttkracken (662.78)

    (3)

    • You need to get rid of that shit now!! Fast!! That's the worst thing to go into this with....careful!! File 7 as soon as you can, don't consolidate!! They will rip you off!

      Posted Dec-4-2010 By 
      113 (385.82)  

      (0)

  • I have invested in lead myself

    Posted Dec-3-2010 By 
    tarnoch (1509.60)

    (2)

  • I've heard the rumors that paper exceeds physical 100 to 1 and have avoided ETFs as a result.

    I've heard similar rumors about gold too... any truth to that one? I have really mainly been acquiring silver.

    Always a good yoursay from you.

    Posted Dec-3-2010 By 
    driedjello (1126.34)

    (0)

    • I certainly think there is manipulation in the gold market, but I don't believe its to the extent we are seeing in the silver market.

      I am also mainly invested in silver.

      Paul has been suggesting for many years, that we legalize competing currencies as a way to put pressure on the Fed to stop manipulating interest rates, and expanding the monetary supply.

      I believe doing so would help us to reform banking (there would not be deposit insurance for silver/gold/commodity backed currencies), More..

      Posted Dec-4-2010 By 
      Kid_A (32.62)

      (0)

  • BTW, Ron Paul mentioned creating a competing currency that was backed. How would that go? Wouldn't it cause the dollar to implode as the rats abandon the sinking ship?

    Posted Dec-3-2010 By 
    driedjello (1126.34)

    (0)

    • Not to mention that a situation much like FRD's prohibition of citizen's holding over a certain amount of precious metals legally.

      Posted Dec-3-2010 By 
      puddinghead (33.96)
      puddinghead
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      (0)

    • I also think part of legalizing competing currencies would require removing the laws from the books on forced selling of metals. They were never confiscated, owning gold was made illegal, and one was forced to sell. Immediate after they re-pegged the dollar from $20 an oz, to $35 an oz over night. It amounts to the same thing, stealing the purchasing power of the peoples currency. But the language of the laws does require them to "buy" the metals from the people.

      Posted Dec-4-2010 By 
      Kid_A (32.62)

      (0)

  • Man its too late.. good thing i got mine. How do you like those numbers today?? LOL

    Posted Dec-3-2010 By 
    Maxisminion (7527.40)
    Maxisminion
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    • I've already seeing a 30% return on my investment so far(after factoring in shipping, premium, and average purchased). I wish I would have seen the writing on the wall 9 years ago, instead of two.

      Premiums are getting much higher, steady climbs, and we're still out performing gold.

      Posted Dec-4-2010 By 
      Kid_A (32.62)

      (0)

    • I looking and I'm liking : P

      I agree with the Kid, Bankrupt their ass! If they are to big to fail then they are to big to exist. JP is taking their ques from the Government and think that they too can fraq over 100:1. Not to mention they then charge you "warehousing fees" for silver that doesn't even exist, in a warehouse that doesn't exist, further guarded by people that don't exist, mined by companies that don't exist.

      AKA PONZI Scheme.

      Posted Dec-4-2010 By 
      cobalt187 (291.02)  

      (0)

  • Any way of avoiding the 28% Cap Gains tax when you sell your metals?

    Posted Dec-4-2010 By 
    -sloop- (2899.22)  

    (0)

    • Legalizing gold or silver as money would certainly do away with any capitol gains tax on them. In the absence of their legalization, we are certainly headed towards rampant inflation. This will make it increasingly easy to sell small amounts in private exchanges.

      Posted Dec-4-2010 By 
      Kid_A (32.62)

      (0)

    • Point taken. BUT, I'd like to dump all of mine right now. How do I hide?

      Posted Dec-4-2010 By 
      -sloop- (2899.22)  

      (0)

    • I buy the majority of my silver from two private sellers. I know that the majority of what they do is flip for those wanting to cash out of fractions of their physical investment in order to by mining stocks, or else gain some liquidity. Try Ron Paul, or libertarian meet up groups. Its a good way to break into the silver community.

      Posted Dec-4-2010 By 
      Kid_A (32.62)

      (0)

  • Spent a few years in investments with a number of licences to trade. I learned this, pay attention when the average person starts giving investment advice. Once a particular investment becomes coffee table talk, start going short, the bubble is going to burst.

    Posted Dec-4-2010 By 
    swatnyc (54.40)  

    (0)