Silver Bullion Unboxing Pamp Bars and Coins for my Collection
This is a video for you showing my hobby/investment/retirement that I've always been in to. Silver is a great metal and conducts electricity and heat better than any other metal, and when polished reflects light better than any other metal. Silver is also naturally antibacterial. For these reasons it's used in industry in many ways, is in high demand and gets consumed unlike gold. I'm just betting that at some point based on the supply and demand of silver and many other issues, that silver bullion will be worth significantly more than it is now, hopefully saving me from any hyperinflation of our paper currency. It may seem like a conspiracy theory, but it's also likely to happen. It's nice to be prepared!
In this video I unbox some Pamp Suisse silver bars, some Canadian Maples, a few copper Pandas, and a 2012 Britannia silver coin I ordered from Provident Metals.
Wednesday, June 12, 2013
Unsustainable Silver Prices
First Quarter 2013 True All-In Cost Silver Industry Figures: Unsustainable Silver Prices
Over the last month we have been analyzing and posting the silver industry's true costs to mine each ounce of silver. We have analyzed all the major publicly traded primary silver producers, which includes close to 19 million ounces of mined production for Q1FY13 - a very large portion of the total worldwide production of silver (estimated at over 190 million for Q1FY13). We believe our numbers represent a large enough portion of mined production to extrapolate as a general figure across the industry.
For silver ETF investors (SLV, SIVR, CEF, and PSLV) this metric is very important because it allows an inside understanding of the true costs associated with producing each new ounce of silver. This is arguably the most important metric in analyzing any commodity because it shows the price where production of that commodity becomes uneconomic. If it costs more to mine a commodity than the market is willing to pay for it, eventually producers will stop producing the commodity and close up shop. These are the type of environments that savvy commodity investors dream of because it allows them to purchase assets that cost more to produce than to buy, which is an environment that cannot last for very long because eventually supply will be lowered, cause scarcity, and then the price will increase.
http://seekingalpha.com/article/1496552-first-quarter-2013-true-all-in-cost-silver-industry-figures-unsustainable-silver-prices?source=google_news
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
Robert Kiyosaki : Choose your thoughts; don’t react to emotion
Robert Kiyosaki : Choose your thoughts; don’t react to emotion
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.
Robert Kiyosaki : The words "I can't afford it" are a lie and your spirit knows it.
Robert Kiyosaki : The words "I can't afford it" are a lie and your spirit knows it.
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.
Robert Kiyosaki : Gold & Silver are getting pounded , a potential opportunity to add
Robert Kiyosaki : gold & silver are getting pounded. I wonder what's truly behind the drop. The fed? At any rate, it may be a potential opportunity to add
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.
Robert Kiyosaki : Watch what the idiots are doing and do the opposite.
Robert Kiyosaki : Watch what the idiots are doing and do the opposite.
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.
Robert Kiyosaki : The problem with school is
Robert Kiyosaki : The problem with school is that you often become what you study instead of OWNING what you study
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.
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