Should I buy Silver and Gold?

[IIC]

Agreed... Silver is headed right back up to $20, just as gold and oil will revisit former highs once the printing presses get back to work.

By the way, any word yet on when we get another stimulus check?

I never got the first check

[jiesen]

Agreed... Silver is headed right back up to $20, just as gold and oil will revisit former highs once the printing presses get back to work.

By the way, any word yet on when we get another stimulus check?

[peanuts]

buying time

TARGET ACQUIRED... time to buy some silver. Anything near this $14 price is a great opportunity

[peanuts]

Thanks, Peanuts. Now PWE has priced their divy at $80 oil. That is, if oil is $80 or higher, they can pay the divy of $0.34 per month. I like the stock, and wonder if you'd consider a buy around $25.

Karel, can you please move these posts to the "how to play oil" thread?

NB- PWE looks interesting in that it offers a fat divi (for oil over $80). At $25 buy, and $.34 per month, you are getting a return of 16.32% return per year. However, how are those Canadian oil trust dividends taxed?

If you buy at $25, and it trades at $20.92 a year from your buy in, then you still have pay taxes on the dividends. But those gains from the dividends are negated by the loss in share price... in fact, with the taxes, you lose money. On top of that, you have the risk of oil less than $80, when the dividend will be cut. I bet that the share price will also be much lower if oil is less than $80, too. 3 whammies and you're out!

[New-born baby]

Thanks, Peanuts. Now PWE has priced their divy at $80 oil. That is, if oil is $80 or higher, they can pay the divy of $0.34 per month. I like the stock, and wonder if you'd consider a buy around $25.

[peanuts]

Thanks, Peanuts. If the shiny stuff moves up, then the black gold moves up too. Don't you agree? I always liked the liquid gold more than the hard stuff.

It might be more of a dollar thing... ie, if the dollar drops, then commodities go up. So, yes, given that the respective supply and demand relationship in two commodities remain the same, the resulting move of the dollar should have an equally countermove in those two commodities. However, I still stand by my stements that additional supply will enter the oil market. This will then decouple the magnitude of commodities moves as the dollar fluctuates. So, if we see the dollar continue to drop, then oil may not rise as fast as gold or silver prices. That is, if they ever start pumping the oil from Indonesia and Russia.

hmmm... liquid vs hard stuff... liquid has a double meaning there. If you are referring to oil (liquid) more than precious metals (hard), then I like precious metals. If you take physical delivery of oil, you can't exactly take a few barrels of it to a farmer and trade it for some food. Gold and silver, however, you can fit that in your pocket, and then that farmer can easily turn that into cash. Whick leads me to the other definition of liquid...

You could be referring to liquid as in, "easily turned into cash" or "tradable" I still think precious metals are better at this. You don't need to take gold or silver to a refiner for it to be worth something.

So, I guess I like my commodities to be hard. And I don't think you own it unlesss you can hold it in your hand.

[New-born baby]

Get those buy orders ready. SLV closed today below $14.50.

This is an excellent opportunity to make some very nice gains by the end of the year!

Thanks, Peanuts. If the shiny stuff moves up, then the black gold moves up too. Don't you agree? I always liked the liquid gold more than the hard stuff.

[IIC]

testing, testing... well?????

Yes...The crystal ball guaranteed it...Just like it called the IIC 100 Chart of the Week yesterday

[peanuts]

cheap shiny stuff

It's on it's way to the $14 target price....

I strongly suggest buying some SLV VERY SOON. The commodity bull market still has years to run, and this is the summer discount time. Back to school sales all over the place, folks.... buy your silver and gold now while it is cheap.

This is some of the best advice you'll get.

Get those buy orders ready. SLV closed today below $14.50.

This is an excellent opportunity to make some very nice gains by the end of the year!

[peanuts]

No way... this CAN'T happen.... can it?

It's on it's way to the $14 target price....

I strongly suggest buying some SLV VERY SOON. The commodity bull market still has years to run, and this is the summer discount time. Back to school sales all over the place, folks.... buy your silver and gold now while it is cheap.

This is some of the best advice you'll get.

[peanuts]

So the $850 support will be broken?

Meinst du das, oder sagst du das nur so?

testing, testing... well?????

[peanuts]

I see minor support around $800

So the $850 support will be broken?

Meinst du das, oder sagst du das nur so?

[IIC]

yup Doug, we all suspected you've been full of it... I'm glad you're finally admitting to the fact

I see minor support around $800

[peanuts]

I think gold is more profitable.Gold is valuable & portable because it's rare & not easily counterfeited. Gold is fungible & exchangeable because every bit of .999 fine gold is similar enough to be like another. Gold does not rust as it's imperishable.Silver is less valuable than gold, as seen by the ratio between them. The ratio is simply the number of ounces of silver that it takes to buy one ounce of gold.

Whether you realize it or not, you've just made a stronger case for buying silver than you have for gold.

[peanuts]

Yeah...I just make this sh*t up...Sheesh

yup Doug, we all suspected you've been full of it... I'm glad you're finally admitting to the fact