David Morgan: Mines can't produce silver for under $20/oz. Stack up bitches!

I pan in Cali and Oregon when we vacation at Gold Beach. Trinity County, Ca is great for panning, so is the Grass Valley area. I will not remark on the location of my local creek, though it is fun to pan and bbq with my child, catch a trout or two.

Hahahahahaha - massive DEFLATION coming... try again SUCKERS...

think your using the wrong term... for your premise to be correct the us dollar would have to strengthen... us dollar up price of precious metals down...

NO, it would not...

two different things... deflation and the price of pm

[link to www.forbes.com]

Armstrong says that based on what he thinks computers algorithms would do with the trade and all things being the same, there will be huge external forces on the trade soon, then the algorithms will chase that trade. You could see $75 silver in a hurry.

Absolutely NOT. You have no idea, do you...

give me some knowledge then wise one

$19.95 right now

I like apmex, the main reason I like to have a local dealer is for the sell side. Last time silver went to $48 per oz, it only stayed there for one day...

I will help you all plan for the future....



Silver will go to $900 oz and gold to $54,000,000 oz by years end due to external pressures and a hidden hand from a foreign country entering the market.

My sources tell me that one man plans to own ALL the world's gold supply and will do it using the US government's nuclear submarines to crash the market, then drive the price of gold up to $54,000,000 an oz.

It's easy to be a Metal-Tard.

Too many coals in the oven. China's banks collapsing, Greece coming back into the headlines with IMF, Brazil protests, Japan financial issues, our own US skyrocketing debt, Middle East instability with high prospects for a regional war, more....

Just one of these coals spark, and the metals are going to the sky.

What I think we're going to see is massive deflation in the markets, but hyperinflation on the street level for food, energy, and services.

Akin to what happened in the USSR and Argentina...

In any case, the dollar will be destroyed, just like Turbo Timmy and Helicopter Ben promised...

Yes. Not in all places though. That depends on the actual mine itself. They are added in as 'credits'.

Just another sign were fucked. ...

I shit silver. Tons of it. You can have all it for..uhm.. let's say a piece of toilet paper.

You got it!

What you folks don't seem to understand is that the US dollar has been crawling along the bottom of it's lowest point in history.

Now, is the time for it to go back up.

We have already HAD our hyperinflation. In terms of Western, first-world money, we are at 5:1 inflation over the last 15 years, which is absurd - and that's only straight book inflation. If you count the derivative inflation, it's like 5000:1 The world won't tolerate more than that.

You have to look at the inflation factor as a composite of all commodities, equities, real estate, US bonds in circulation etc. These markets don't all fluctuate in concert.

The power behind money keeps them shuffling so it looks organic. But, it's anything but organic.

They've already gone to the sky. Duh.

Sure sure. Okay.

Who is selling?

I don't think David Morgan is related to JP Morgan. You do know there are probably tens of thousands of "Morgan families" in the U.S. alone? I dated a chick in college whose last name was Morgan and she was by no means related to these banksters.

worth its weight in gold when shtf.

I came VERY close to stacking up. In the end, I realized I didn't have the stomach for it.

Hang in there man, and God Bless.

I'm thinking if the price drops to 17...it will most likley drop to 15...but I THINK that will be it. Just saying...

I'm not completely sure I agree with this.

The problem with silver (or, you know, insert PM here) is that the average Joe can't really relate to it.

So, okay, TSHTF. Now, take your silver and go buy bread with it. Where do you go with it? Who is selling the bread and where did they get it? Who gives you their bread for a shiny coin?

Now, a dollar SHTF scenario with limited real-life collateral impact... I'm not sure that's viable. But in that case I could see trading in your stack for a trusted liquid currency. You'd need good timing. And, think about it, what would you trust at that point? Hell, I'd be so damned scared I'd probably vomit at any currency. Wouldn't you just keep your PM in the closet still?

I dunno...

Yea, agree OP. similarly, production costs for gold are $1300 oz. mines will close if it stays below that for any long length of time.

The fed is dumping 85B a month into the economy and metals are going down.
This is a huge manipulation. I would not sell.

Agree.

"Current Silver Bullion Price: $25.00 USD per oz"

[link to www.store.firstmajestic.com (secure)]

This where I buy. They set their own pricing.

Why would you buy where they set their own pricing?

If it was lower, sure.

i buy locally and i pay 2 dollars over spot per ounce. so its about 22.06 an ounce today at my local dealer why would u pay 25.00 what a rip off