Silver Surge Slaps $24

[FunnyMoney]

Silver surges past $24 per ounce on stock market and commodities melt up.

Silver has no intention of lagging behind the general push up in prices denominated in today's fiat currencies. Fiat currencies and especially the US dollar are now under extreme pressure. Once it was considered, "In God We Trust". But then when that didn't allow central banks and central govts to steal enough wealth from the rest of the society, things changed to, "Backed by the Full Faith and Credit of a Nation". Credit being the key term here, we now see how this supposed backing is actually a negative reaction - the fiat currencies of the globe are today backed by the "Debt of a Nation" and by the "Full Faith that Future Workers Will Somehow Pay Up". Commodities markets have begun to realize that's not going to happen.

So as investors flee paper currency and move into anything not so deeply and deadly in the red, all eyes scan the globe for safety. Safety for some might mean oil, now just $17 away from the all important $100 price point. For others that could mean food and in general commodities, which have taken on big run ups lately. For the really big money it means gold and gold continues to methodically hit new high after new high while production concerns and worries over from where will come the next batch of sellers continue to mount. But the smart money, the silent secret protectors of wealth, we seek silver.

Silver, still at the price of a nice dinner, could be considered more rare than gold although gold is still over 57 times the price of silver. Silver, which by many measurements is under the greatest potential future demand pressure due to growing industry consumption, could also be considered one of the most strategic and important metals that exist on the planet. Silver, that has seen its above ground reserves and inventories depleted to the point where there no longer are any, is considered by most analysts to be the absolute smallest market cap commodity of such importance ever. Silver, which has now been mapped and searched for all over the globe, has a mining supply which is expected to be drained dry within the next few decades at the latest. Yet after all that, given all those amazing fundamentals, it still sells for less than it costs to fill up the average small economy car at your local gas station.

Silver slaps away at $24. Take that!

Beyond the supply / demand fundamentals, silver has a history of money not to be exceeded by anything, not sea shells, not wheat, not even gold. Fiat currency doesn't even hold a candle to it and this latest global attempt at fiat money backed by empty promises is barely even a half century old - silver, on the other hand, has over 5000 years of history behind it.

Revenge is in order.

Silver investors as a group won't stop at a mere $24. Even a single large entity could drive silver to many multiples of today's price per ounce of silver. Gold took out 4 digits and refuses to look back. But this will be silver's time and silver is going to slap around anyone and everyone who doesn't believe it.




:wwfg

... and silver.

[Libertarian_Guard]

http://i54.tinypic.com/vpbyf9.jpg

[Celtic Rogue]

$24.05 @ 4:25!!!

Keep the wagon rolling!!!

[Libertarian_Guard]

http://i52.tinypic.com/25r2i46.jpg

How about a Retro Rocket, from the days when people carried silver money in their pockets.

[Twisted Titan]

Silver ready for take off!!!!

[Libertarian_Guard]

http://i52.tinypic.com/e5ljb9.jpg

[Libertarian_Guard]

http://i54.tinypic.com/mk9388.jpg

[chad]

http://t3.gstatic.com/images?q=tbn:ANd9GcSFVnZyfXCWY1p6WXV_POA03BTmeAgBE Mb69BcEejAqYUZ5MHQ&t=1&usg=__g4jzvddIitawAJ0hPzfrPsuwug0=

[Filthy Keynes]

OKTOBERFEST SILVER:
http://b5media_b4.s3.amazonaws.com/14/files/2008/09/1447360500-6c290105fb.jpg

COMEX:
http://2.bp.blogspot.com/_zl6CvOzHcbw/SqAlcPwTSgI/AAAAAAAAAqA/hzdckhahGsU/s400/dirtyKeyboard.jpg

[Libertarian_Guard]

http://i56.tinypic.com/rbf9ud.jpg



How sweet it is!

[Silver Shield]

I remember sweating over pennies buying on the dips when silver was $6.90 and gold was at $425...

It will seem just as ridiculous two years from now worrying about dollars on silver and tens of dollars on gold...


Avoid the rush... Panic now.

The dollar is toast.

[Libertarian_Guard]

http://i52.tinypic.com/2v28nx0.jpg


Looking back at give away prices for gold & silver.

[Libertarian_Guard]

Remain steadfast and continue building your treasure chest. This is just getting started.




http://i51.tinypic.com/zya89v.jpg

[zusn]

I remember sweating over pennies buying on the dips when silver was $6.90


HA!! I remember those days. I remember the wife giving me crap for spending almost $8/oz on silver since I had always bought it at 5 or less. What I'd do to buy silver at $8 today...

[madfranks]

Silver ready for take off!!!!


Yeah right, more like:

[Ponce]

Somehow it makes me feel better.......... ;D

[Libertarian_Guard]

http://i29.tinypic.com/2aje3v9.jpg

[ximmy]

:oo-->

[1970 silver art]

Today is a great day to be a DOG bug. This is better than expected. Maybe it will go to $25. We will see.

[Cebu_4_2]

Today is a great day to be a DOG bug. This is better than expected. Maybe it will go to $25. We will see.




by Friday?

[1970 silver art]

Today is a great day to be a DOG bug. This is better than expected. Maybe it will go to $25. We will see.




by Friday?


Honestly I do not know.

:dunno

I am just blown away that silver closed above $24/oz today.

[Libertarian_Guard]

http://i56.tinypic.com/24f0do0.jpg

[Celtic Rogue]

http://robertposton.com/ms/images/e5ljb9[1].jpg

[Filthy Keynes]

http://files.abovetopsecret.com/images/member/6339be12e919.jpg

[Neuro]

Filthy Keynes as I opened this thread I just thought I would post a pic of the Norwegian spiral, you did it! It is still a great mystery to me. I don't believe it was just a missile test going astray...

[Celtic Rogue]

Filthy Keynes as I opened this thread I just thought I would post a pic of the Norwegian spiral, you did it! It is still a great mystery to me. I don't believe it was just a missile test going astray...


H.A.A.R.P.?

[Serpo]

No stopping this baby................yet

[AndreaGail]

here i am getting back from work and having to do a double take

when i checked last night it was 23.19

and right now it is 24.19 :o

[Serpo]

here i am getting back from work and having to do a double take

when i checked last night it was 23.19

and right now it is 24.19 :o


one dollar exactly.................

[1970 silver art]

Next stop.......................25$/oz?

:dunno

[platinumdude]

Silver is going to stall for a while once it hits $48

[tater]

These moves up have been breathtaking 8) . I've been reminded of a post I read in the pm subforum. I wish I could find it. Anyway, an astute poster said that there will be a paradigm shift and the upward moves will be so great you will regret mentioning your holdings. Paraphrased. The original post said it much better.

[Silver Shield]

Can someone do one of those French horn charts for silver like they did on GIM1.

[Serpo]

Silver is going to stall for a while once it hits $48


dont spoil it.................... ;D

[mick silver]

24.31 as of 9.48 pm . hell i dont know nothing i would trade my silver are gold for ... unless it more land

[Dogman]

24.31 as of 9.48 pm . hell i dont know nothing i would trade my silver are gold for ... unless it more land


The way the Silver dog is climbing I would not be very surprised to see it hit $25.00 overnight.

:sun:

[mick silver]

how is the dollar doing is it down alot today . i never thought i would see the day silver hit 24 paper bucks

[Filthy Keynes]

how is the dollar doing is it down alot today . i never thought i would see the day silver hit 24 paper bucks


USDX IN THE SHI-TTER
http://www.noveltp.com/gallery/images/bite_me_toilet_300.jpg

[willie pete]

how is the dollar doing is it down alot today . i never thought i would see the day silver hit 24 paper bucks



76.624 right now big Mick...

http://www.bloomberg.com/apps/quote?ticker=DXY:IND

[Serpo]

Can someone do one of those French horn charts for silver like they did on GIM1.


Would be good ,saw one on gold recently, basically over a long length of time,it showed it going parabolic, now basically ,so max that out on silver.............

[Filthy Keynes]

She's falling like a stone! It's like May 6th in slow motion!

[Serpo]

24.31 as of 9.48 pm . hell i dont know nothing i would trade my silver are gold for ... unless it more land


The way the Silver dog is climbing I would not be very surprised to see it hit $25.00 overnight.

:sun:


Its turning into a pure breed.......

[Dogman]

24.31 as of 9.48 pm . hell i dont know nothing i would trade my silver are gold for ... unless it more land


The way the Silver dog is climbing I would not be very surprised to see it hit $25.00 overnight.

:sun:


Its turning into a pure breed.......


Hells bells we know that already.. The dog is a term of endearment!!! |--0--|

[Filthy Keynes]

$CDN is near par (1.0005)
http://www.xe.com/currencycharts/?from=USD&to=CAD


Market Crash – video with live S&P pits audio
http://www.youtube.com/watch?v=WmpNTtQu8E4

[osoab]

Look at the usd in the last few hours.

http://www.weblinks247.com/indexes/idx24_usd_en_2.gif

24.35

We stopping @ 24.50?

[mick silver]

24.41 up up and away

[Ponce]

Stay away Silver Sammy, stay away.............everytime he comes by it drops like a rock :-\

[Serpo]

24.31 as of 9.48 pm . hell i dont know nothing i would trade my silver are gold for ... unless it more land


The way the Silver dog is climbing I would not be very surprised to see it hit $25.00 overnight.

:sun:


Its turning into a pure breed.......


Hells bells we know that already.. The dog is a term of endearment!!! |--0--|

Of course just kidding

[Gaillo]

Just broke $24.60

Awesome!

[Gaillo]

WTF? $24.95... Unbelievable!

[Gaillo]

Less than 3 minutes passed between those last two posts... with a gain of $0.35!
I'm starting to get scared now... :o

[Neuro]

WHOA!

[Neuro]

Less than 3 minutes passed between those last two posts... with a gain of $0.35!
I'm starting to get scared now... :o

I know the hairs stand up in the neck!

[Neuro]

I feel like selling my car to buy more silver ;D

I know I should sell everything when I feel like selling my children to buy more silver! ;D

[bellevuebully]

Apparently, the capital involved in a $4 move in the gold market could buy all existing stockpiles.
Silly bankers....tricks are for kids.


hahahahahahahahahahahahahahahahahahahahahahahahaha hahaahahahahahahaha.........uhem.

[bellevuebully]

...

[Libertarian_Guard]

I feel like selling my car to buy more silver ;D

I know I should sell everything when I feel like selling my children to buy more silver! ;D


I wonder how much I could get for my left nut?

And if I were to be mistaken for a banker, the pain factor would be 50% less!

[1970 silver art]

Nobody can deny the power that the DOG possesses. NOBODY!!!!!!!!!

All of you DOG bugs out there need to bow down to your master right now. I am certainly bowing down to my master.

[Liquid]

Silver $24.49 right now, but a high of $24.95, we might be knocking at the $25 door soon!!

Go, silver go!

[Libertarian_Guard]

Silver $24.49 right now, but a high of $24.95, we might be knocking at the $25 door soon!!

Go, silver go!


The possibilities here are wild!

::)

[Serpo]

Silver $24.49 right now, but a high of $24.95, we might be knocking at the $25 door soon!!

Go, silver go!


The possibilities here are wild!


::)



It has been held back for a long time from going over 20$ so 25 plus must be in the picture,if not now then soon

after that its any ones guess but as they say ,the skys the limit...