Well, it's really true.

Although being a 3rd party helps to make the story nicer, I brought my wife out to meet with a a few silver seller when she is free, and when we talk until as if the silver is going to explode, WOW! she just come to me and tell me "invest this money in silver or gold, tell me when I make money" and that's it.

Having someone supportive is a great feeling. Of course on the other hand, if you convinced someone to invest with their hard earn money, they will ask you constantly "hey, make money already or not? WAH! loose money ah? must sell now leh, why you tell me to invest!!" I think that will be worst right...?

Anyway, only DEATH in life is guarranteed. nothing else in life is 100% sure, invest yourself, if your relative ask you what they can do to earn some money, tell them the bank give you 0.5% interest, but there are always better alternatives. Then you can bring in the story about GOLD, then SILVER.

chef

PS Sometimes we talk about silver being the next best thing, but we know Platinum, palladium and Rhodium are PM too, anyone knows about these metals? bought any? I'm thinking just to buy a small piece to see what are they.


Hey prophetjul, can you tell me where I can find a shoeshine boy in malaysia? never seen one, unless you are talking about MISTER MINUTE, the high class shoeshine boy.

Persoanlly, if 50% of the population is buying Silver, I don't think I will sell mine, since it will get even more rare, I will most likely use it to trade for maybe, a bungalow at bangsar, or office suite at twin tower.... hee hee...



This post has been edited by chef: Dec 8 2011, 12:18 PM

Did not pay much attention to Platinum, Palladium, and Rhodium but the impression is that their prices are less volatile than gold and silver. The issue about these metals is their liquidity, who are we going to sell to when we want to dispose them off? At the moment, the only choice i know is to buy from Kitco, and sell back to Kitco. If you have other channels to sell these precious metals, please share.

Shoeshine boy as a figure of speech....maybe in Msia, its the waiter?

i told me friends to buy gold in 2004. Only 4 bought. Two sold out at $700. Only two left.
At that time i only told them this:

a) You dont need the money for the next 5 years
b) This money normally kept in FD
c) The returns will be better than FD

i managed to convinced my better half in 2008 to sell out of her Financial stocks overseas.
i have trying that since 2005. Managed to convince her of the coming USA financial crsis.
Whew! Just in time! She sold HSBC at sterling 9....now around 5....plunked the monies into gold at $800
and the rest is history.........

If 50% buying means this is the euphoria/greed stage.....after that it will be down the cliff......
This is a typical bull phase........

so where do u think we are at

Where do YOU think gold is at?
Doesn't matter what I think.........

This post has been edited by prophetjul: Dec 8 2011, 02:35 PM

Keep thinking...hmmm...

Think some more......
We become what we think most.

Like this:


Or this?



This post has been edited by cruzzie73: Dec 8 2011, 05:42 PM

Hahahaah..then we become priceless lah...

think? what think? just go and buy la!

Well, not really lah. I was just thinking, maybe one day, some smart scientist found a VERY IMPORTANT use for rhodium, like fushion or fission for power generation, and every 1g can generate power enough for KL for 1 month, WOW!! JACKPOT!!

(dreaming, and maybe those figurines are dreaming too, they are not really thinking)

So I'm really tempted if I have a lot of spare cash, I will just buy a tube of these metals just for the sake of keeping. and improving my stock pile of PM.

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Added on December 8, 2011, 8:16 pmDamn! I should have been your friend since 2004. Where have you been hiding?? your wife must love you/gold/diamond all in the same category..

Nice chart, comparing the gold chart to this, I would say we are near the GREED!! but with real potential to grow, I think we really are at the ENTHUSIASM stage for GOLD and bear trap for SILVER.

Anyone else finish thinking and care to share your thoughts?

chef

This post has been edited by chef: Dec 8 2011, 08:17 PM

1. palladium 10x rarer than gold if I 'm not mistaken. we just don;t know how the market will value it's rarity.
I missed the boat in buying them at low prices. Did recall someone mentioning buying palladium when it was about USD200/oz
got the chances when it is USD300/oz but i was greed. after USD400/oz i forget about it already.
well, if you hold quite a lot of PM then some palladium and platinum will be great.

2. those who early bird in gold, most of them that i know off are very quiet one. Does not disclosed much about gold investment.
very slow to propagate the message back then lah.

3. i get to know gold via peak oil. when i begin to search for peak oil solution.within 2 weeks after understanding peak oil i found gold.
but too bad wasted 1.5 year procastinating then only buy and only to buy at peak USD1010/oz.
watch from RM2200/oz to RM3200/-
then stuck from march 2008 until sept 2008.
luck did not buy silver at that time because don't know where to get if not stuck for 2 years at USD21/oz

This post has been edited by GoldChan: Dec 8 2011, 10:36 PM

Pretty sure that silver is in stealth phase although now it seems that silver is in bear trap.
Silver is in the middle of phase 1. IMO, it will only enter phase 2 when BENBEN start to do another QE.
By the way, I've been thinking that we're now in a mild deflation, then will only enter mild inflation during the end of 2012.
If this is correct, then we shall see that silver price will not break USD45 until next year.

Last time I did some reading on palladium too.
Palladium is mainly used in car industry and medical industry.
Their price are expensive as gold but very volatile.
If you check it graph, you can see a BIG spike. That was due that FORD bought it in a large quantity.
IMO, palladium is being manipulated by some pretty big companies.
And too less of investors into palladium.

BTW, palladium is mainly used by IRON MAN.
Luls...

erm..maybe i can input some here regarding metal usage.
For your info, many semiconductors are using gold wires rite? i think u guys should have known this. Due to the high cost they try to change it to copper wire.. which is very much lesser cost and also usable.
Now they even tried to avoid using silver since it has cost slightly higher compared to last few years. they use silver in some leadframes of semiconductor. erm.. dunno how to explain leadframe.. basically a frame holding the semiconductor before being singulated.
If the metal price goes higher, the industry will alwiz try to find an alternative to change their resource. They alwiz succeding in doing that. They can produce something with lower cost with the same or higher quality.. haha.. dunno how much this info can help u guys.. haha.. me still new in PM investment thou. Palladium is expensive because its rare.. but i do not think its feasible to be kept..need very special care... its kinda fragile (react easily) for pure palladium, different from gold or silver.. studied this during my FYP abit.. hahaha..

I thought not much of them uses silver due to it's not-so-good tensile strength?
That's why PAMP's palladium are enclosed with it's certiPAMP.

hehe time to get some copper than.. luckily just got 200oz copper

SIlver price in weeks/USD


Looks similiar...so is it bear trap???

This post has been edited by mingophoria: Dec 9 2011, 11:29 AM

in capitulation state

hahaha..that's y they dun use it as silver wire.. they use it as a fine plating on the leadframe..maybe just a thin line..haha

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Added on December 9, 2011, 11:35 ammaybe in few years time 3-5 years, we can see the copper price shooting up..but copper is quite common rite? correct me if i am wrong..

This post has been edited by hitsugaya2010: Dec 9 2011, 11:35 AM

haha it does look terribly similar and looks like we're in bull trap waiting to be slaughtered.
But these phases usually last 3-5 years each, or even longer.
If that is true, then we are still at late stealth phase / early institutional investor phase. Or at most, we are at bear trap. Look at institutional investors, have they really come in to the silver market yet?

nope not really... but now we see many mushrooms of silver selling website start to pop out.... so public is starting to be aware.