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    • Thu, Jan 15, 2015 - 04:58pm

      #11
      bwh1214

      bwh1214

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      Understood

    davefairtex

    Well that does make sense and I actually thought about the fact that for tourists, using credit cards, in fact everything would be 12+% more expensive, but also considered that a much smaller number of people than the people living in Switzerland with savings and paychecks in Swiss francs.

    I have to learn to check myself a bit more on this site.  I often reply on other financial sites but need to remember that this site has like minded readers and I should not be so combative. 

    I hope you get a chance to travel to Europe but you may want to try a different destination.  I would love to do the same, but have 2 under 2 so that's not in the cards.  We loved Barcelona a few years ago. 

    • Thu, Jan 15, 2015 - 04:36pm

      #8
      bwh1214

      bwh1214

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      Clarification

    davefairtex

    Sorry, my statement was not an attack on you, your analysis  was correct, just on the chart comment.  I actually assumed you pulled the chart with comment from another source, and whoever put the comment on there was incorrect.  I just want to ensure there isn't any confusion about the events of the morning.  If you do have control over the comment on the chart you may want to tweak it a little as outlined in my first post.  Changing the 'in' to 'from' would be the simplest correction. Again sorry if it appeared as if I was going after you, I wasn't, I'm just detail oriented. 

    • Thu, Jan 15, 2015 - 03:34pm

      #5
      bwh1214

      bwh1214

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      The statement on the chart is

    The statement on the chart is just plain false.  It could read "everything from Switzerland just got 12.5% more expensive", but the most correct statement would be "Swiss exports just got 12.% more expensive for the rest of the world, and Swiss imports just got 12.5% cheaper for the Swiss people".  This should be a good thing but in our interconnected debt saddled economy the answer isn't so clear.

     

    One think I know is the statement "Everything in Switzerland just got more expensive by 12.5%" was made by someone that is reading the chart upside down. Normally when we are talking about "everything getting more expensive in a country" we are talking about a weakening currency, such as when the Yen or Ruble fell recently.

    • Fri, Dec 12, 2014 - 09:21pm

      #2
      bwh1214

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      Interesting

    I read the article on ZH yesterday.  It may be nothing but the timing seems suspicious. 

    • Tue, Dec 02, 2014 - 03:24pm

      #6
      bwh1214

      bwh1214

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      HughK

    Yes it is fun to play with the rich list and see how lucky we really are.  I am 34 years old so I have plenty of time to build assets but based on the assets I currently own there are still about 150 million people richer that I am.  In addition there are Hundreds of millions of others not far below that that could put similar pressure on the PM market that I do.  Also the cost of living is much more for I then many of those lower on the list.  I only say that I am not rich because I need to be very conscious of my income and out flow. 

    Don't get me wrong I am very lucky to make the living I do, I was just indicating that there are many like me and much much more well off that could put immense pressure on the silver market. 

    Oh something that was pretty interesting, if you are making an annual income of more then 32k you are in the top 1%.  I thought that was pretty amazing.  It would be interesting to go to a police station or teachers union meeting and complain about the 1%.

    • Tue, Dec 02, 2014 - 12:24pm

      #3
      bwh1214

      bwh1214

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      7-8 dollar silver?

    I am looking at you analysis through the lens of relatively new investors, particularly in silver.  I started buying in '09 and convinced several others to start buying in '10.  We are all fairly affluent, yet far from rich, generally with incomes well in the 6 figures. The bear market has not wavered the resolve of one person in this group, and if anything they are excited about buying at these levels and hopefully lower.  I have seen several of these same people buy high and sell low with equities, but they seem to have their heads on strait when it comes to precious metals. I'm guessing on average the 10-12 guys in our group are buying about 1000 ounces of silver a year at these levels.  A few hundred thousand (relatively small number worldwide) buying these amounts easily soak up any new supply.  I am getting more aggressive as the price drops so if you are right in your theory and silver drops to 7 or 8 bucks our humble little group will be buying nearly 50,000 ounces a year.  

    My point being that based on my experience the recent monetary recklessness has brought online new silver investors over the past few years.  Do you think the physical market will allow prices to fall to where you are expecting? I certainly hope your right though, these 100 ounce bars are very economical when it comes to space in my safe. 

    • Sat, Nov 08, 2014 - 02:57am

      #8
      bwh1214

      bwh1214

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      Theory

    I certainly concede that Alan Greenspan may have sold his sole after taking the reigns at the fed and is now attempting to buy it back. He may now be making an attempt to rewrite what will soon be an infamous legacy, but I wanted thoughts on an alternate theory.

    Maybe he never lost his belief in sound money, but knew he could get his nation a lot of prosperity essentially for free. Under his direction the US may have gotten value for pieces of paper or computer digits all the while positioning the US to be in a good position when it falls apart. 

    When looked at from an individuals perspective is it more likely a man would turn his back on his strongest beliefs mid life only to re-embrace his roots in twilight. Or that he always maintained those beliefs.

    I don't necessarily subscribe to this but wanted to get some thoughts. His writing in early life would fit right in on peak prosperity, obviously his latest comments as well, I think it's a possibility he never changed.

     

    thanks

     

    • Wed, Nov 05, 2014 - 10:34pm

      #6
      bwh1214

      bwh1214

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      We Know the Answer

    Well PM's rolled back over into the close. Another bullish point though.  I just read an article from the silverseek technical analyst.  He never was one to believe in the manipulation story, and he might be right, but I have never seen any of his stories so irate and frankly panicked.  He was ranting on about gold bugs and how they must accept the fact we're in a bear market.  I have never seen such a bearish story on that silver bug site.  I wasn't sure what he was trying to say to readers who keep some of their savings in PM's. Sell, wait for a better entry point, buy?  Another reason to not be a big fan of the chartest. So its a bear market, so what, unless an asset has become obsolete all bear markets turn around eventually, and he never mentioned silver or gold becoming obsolete.   Either way, a ranting negative article on a silver bug site felt bullish to me. Just a glass if half full kinda guy I guess.

    • Wed, Nov 05, 2014 - 07:19pm

      #3
      bwh1214

      bwh1214

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      Capitulation

    Gosh I hope so.  It was finally my turn to buy and I bought 100.3 ounces this morning at 15.29.  So far so good but it might be turning down again as I type.  

    One bright spot that I have noted over the past few days is the posts on several of the pro silver sites I frequent have been more negative then positive.  Since I only started buying in 2009, I don't know what capitulation feels like when already having a big position on but this feels like it might be it.  When silver bugs start to sound like bears and desperate I'd say that's a good sign. 

    • Fri, Oct 31, 2014 - 03:34pm

      #11
      bwh1214

      bwh1214

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      Agreed, I put in a limit buy

    Agreed, I put in a limit buy order at 17.10.  It hit and bounced, but that was all luck.  Again it was play money so no big deal.  I just wanted to take advantage of this dip. 

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