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XMFSinchiruna (26.57)

An Asset More Precious Than Gold?



April 03, 2009 – Comments (10)

Please enjoy the article, and tell me what you think. Has anyone else here observed the slingshot effect in action... it has some serious kik to it! [The rise in silver from $10-$20 rings a bell]. 

When gold breaks out beyond $1,000, the undervalued silver miners will have a toasty day in the sun!

10 Comments – Post Your Own

#1) On April 03, 2009 at 3:51 PM, RonChapmanJr (30.13) wrote:

I know the answer.  Water is an asset more precious than gold.  Long on PHO.


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#2) On April 03, 2009 at 4:01 PM, dudemonkey (57.26) wrote:

I am observing the slingshot in action, but not here.  I've been buying Brazilian companies with the thought that the US dollar is highly likely to devalue and as the Brazilian Real strengthened vs. the dollar yesterday I think I made more money on my Brazilian stocks than I made in the whole week at work.

Like you, I suspected silver would benefit froma slingshot effect but the commissions that bullion dealers charge on silver here in NYC border on highway robbery, so I own no physical silver.

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#3) On April 03, 2009 at 4:30 PM, lquadland10 (< 20) wrote:

Freedom is more precious than gold or water.

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#4) On April 03, 2009 at 6:34 PM, whereaminow (< 20) wrote:

Interesting post. Monetarily, silver has been a more prevalant currency than any metal in history, including gold. Tough to ascertain the value in the current world, but I do have CEF and SLV in real life. I'll definitely be looking into some of the miners you mentioned.

Thanks for the good article.

David in Qatar

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#5) On April 03, 2009 at 6:41 PM, speedybure (< 20) wrote:

Historically speaking they have been the free markets currency of choice. If the world went back to hard money, they would both be used. Silver obviously for smaller transactions and gold for larger. Personally i think silver will produce a better 10yr return as the ratio has been about 19:1 over 1000 yrs compared to 55:1 post bretton woods. 

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#6) On April 03, 2009 at 7:35 PM, chk999 (99.96) wrote:

If you make 30 more blogs, you knock LordZ out of the top ten.

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#7) On April 03, 2009 at 8:17 PM, silverincite (34.32) wrote:

Dudemonkey, I have also noticed the commission/premiums on physical silver are very high here in Toronto.

I like Silver Standard Resources as a small cap play and Endeavour Silver as a micro play on silver miners. I also think Mag Silver will break through its $5 shackles once the "take under" bid from Fresnillo is rejected.

Thanks for the article Sinchiruna, I have enjoyed reading your take on gold and silver. Also, this article on Taseko mines was great. I was looking for a copper play after seeing Inmet and First Quantum take off on the recent surge in copper prices.

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#8) On April 03, 2009 at 10:00 PM, Jimmy2008 (< 20) wrote:

dudemonkey and silveruincite, and are very good online vendors. I have had very positive experience with both but particularly with still have lots of silver products. Their silvers are priced usually $1.19 US per oz.over spot, which is reasonable.

Remember, physical silver is an insurance policy. We need it. I have bought over 800 oz silver coins and bars and get them stored both in US and Canada.


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#9) On April 03, 2009 at 10:19 PM, Jimmy2008 (< 20) wrote:

dudemonkey and silverincite,

Here is an article on bulion dealers, old, but interesting.

Sinchi and other fellow Fools,

I really appreciate very much for your time and effort here with us.

What do you think about Kitco's Prestige Account (unallocated bullion account with Royal Canadian Mint, managed by Kitco)?

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#10) On April 04, 2009 at 12:32 AM, XMFSinchiruna (26.57) wrote:


On unallocated bullion accounts: No, No, No!

If you don't hold it, you don't own it!!

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