Should I buy Silver and Gold?

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.

[IIC]

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

[peanuts]

silver to $14???

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

[IIC]

I told ya to buy rice

[peanuts]

Run for the hills!!!!! Is this the end of the commodity bull market???? Silver ETF shows a trend line break!!! Will support come in??? Is this the time to be fearful or the time to step up???

I bought calls in some silver companies today... as cheap as rice is expensive!!!!

[IIC]

This is not some regular BS Yahoo post:

http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_Y/threadview?m=tm&bn=25934&tid=109530&mid=109530&tof=17&off=1

[billyjoe]

New-born,
When my brother in law got the newest greatest thing, the corn burning stove, corn was around $2 a bushel. Now at $7 he's adding wood pellets to he corn since it's not so cheap to heat the house anymore.

--------------billy

[IIC]

Corn is almost $7 per bushel now on the futures market. A couple of years ago is was $2.10 or so. We may have food shortages here due to ethanol . . . . lots of dairy farmers here are selling their herds because it costs too much to feed them while the milk price is currently dropping. Once school is out the milk price usually drops 5 cents per pound (10 pounds equals approx. one gallon milk. The breakeven point was about 20 cents per pound last year, before fertilizer and fuel went out of sight. I am not able to give a figure for profitability for milk this year. This year the breakeven point on corn is above $5 per bushel of corn if the yield is 150 bushels per acre).

Yesterday a man told me he sold his herd two weeks ago (253 head) because he spent $80k buying feed for them last year (above what he was able to raise). I figure that the feed bill this year would be $250K beyond what he could raise IF . . . IF . . . weather conditions produce an average yield.

Just another proof that a meddling govt only messes things up. Corn based ethanol is a disaster. And to think we are saving the plant by not drilling for oil off the coast of Florida (while the Chinese and the Cubans are!).

Another concern: the bees are dying. Beyond the honey they produce, they fertilize the crops.

Add in a banking crisis, plus a fuel crisis, and you've got the makings of a severe global depression.

Actually I am not real worried about all this...There have always been bad things going on...And we are still here...But if you are into this fatalist take: http://survivalblog.com/

[New-born baby]

Corn is almost $7 per bushel now on the futures market. A couple of years ago is was $2.10 or so. We may have food shortages here due to ethanol . . . . lots of dairy farmers here are selling their herds because it costs too much to feed them while the milk price is currently dropping. Once school is out the milk price usually drops 5 cents per pound (10 pounds equals approx. one gallon milk. The breakeven point was about 20 cents per pound last year, before fertilizer and fuel went out of sight. I am not able to give a figure for profitability for milk this year. This year the breakeven point on corn is above $5 per bushel of corn if the yield is 150 bushels per acre).

Yesterday a man told me he sold his herd two weeks ago (253 head) because he spent $80k buying feed for them last year (above what he was able to raise). I figure that the feed bill this year would be $250K beyond what he could raise IF . . . IF . . . weather conditions produce an average yield.

Just another proof that a meddling govt only messes things up. Corn based ethanol is a disaster. And to think we are saving the plant by not drilling for oil off the coast of Florida (while the Chinese and the Cubans are!).

Another concern: the bees are dying. Beyond the honey they produce, they fertilize the crops.

Add in a banking crisis, plus a fuel crisis, and you've got the makings of a severe global depression.

[IIC]

However...I do need to eat.

I believe I mentioned that my wife went on vacation to NYC w/o me last Wednesday.

On Friday...a neighbor girl brought me a meatloaf...It was great...But too much...Had it Friday and Saturday...Froze the other half.

On Sunday she brought me a Cornish hen...Yummy.

But I was on my own Monday and Tuesday

Monday night I made a turkey sandwich...Last night I had some beef, chicken and macaroni/cheese my wife had left in the freezer...Of course I had to call her to find out how the Microwave Defrost function works...Got it down now.

Tonight, my neighbor brought me chicken enchiladas...I have them baking right now...YUM!!!...I know they'll be great...She brings a whole pan over every time my wife vacations w/o me...Which is actually quite often.

Some Guys Have It All!!!...At least that's what it says on the coffee mug my girlfriend in 1978 gave me.

[IIC]

Doug,
I led sheltered Midwest life. Never ate rice until age 32 also had no idea what was taco, burrito, quesadilla, any of that stuff. Just meat and potatoes fer me. Never ate no kraken either till I met you guys!

------------billy

I'm not a big rice fan myself...In fact...I'm not a big food fan...I eat to live...I don't live to eat.

[billyjoe]

Doug,
I led sheltered Midwest life. Never ate rice until age 32 also had no idea what was taco, burrito, quesadilla, any of that stuff. Just meat and potatoes fer me. Never ate no kraken either till I met you guys!

------------billy

[IIC]

Who is buying the rice? Oriental people? Mexicans? Anglos? Everybody? And why?

Good question...Since you are from the Midwest I guess you are not up on the latest Asian happenings...Like Rice shortages in China....They want to send the rice to China 'cause they can get a higher price...Below is a copy of a response that I made at another forum:


Rice exports bring higher prices due to shortages overseas

Costco and Sam's Club are rationing rice in SoCal...First food rations since WWII...However, it is not the average household that can't get enough...The problem is that major rice users...like Asian restaurants... cannot get enough from their wholesalers...So they go to the cheapest retailers...That's the reason for the limits...How many 20 lb. bags of rice do you use at your house every week?

[New-born baby]

Forget Silver and Gold...Buy rice...it is now rationed at Costco and Sam's Club in SoCal...First time there has been food rationing since WWII according to the guy on Biz radio today

Who is buying the rice? Oriental people? Mexicans? Anglos? Everybody? And why?

[IIC]

Forget Silver and Gold...Buy rice...it is now rationed at Costco and Sam's Club in SoCal...First time there has been food rationing since WWII according to the guy on Biz radio today