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Okay SilverBugs, fess up, how much you got?

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  • #1

    Okay SilverBugs, fess up, how much you got?

    I am now of the belief that silver could well outperform gold in the long term, especially if the banksters take it in their "shorts". I got some silver physical, and wonder what you all got as well. So fess up -- private poll.
    43
    None.
    4.65%
    2
    0 - 50 oz.
    16.28%
    7
    50 - 99 oz
    2.33%
    1
    100 - 249 oz.
    6.98%
    3
    250 - 499 oz
    11.63%
    5
    500 - 749 oz
    11.63%
    5
    750 - 999 oz
    0.00%
    0
    1000 - 1250 oz
    13.95%
    6
    1251 - 1500 oz
    4.65%
    2
    1500 - 2000 oz
    6.98%
    3
    2001 - 2500 oz
    2.33%
    1
    2501 - 3000 oz
    4.65%
    2
    3001 - 4000 oz
    2.33%
    1
    4001 - 5000 oz
    2.33%
    1
    5001 - 6000 oz
    0.00%
    0
    6001 - 7500 oz
    0.00%
    0
    7501 - 9000 oz
    0.00%
    0
    9000 - 12000 oz
    2.33%
    1
    More than 12000 oz
    2.33%
    1
    More silver than you all can imagine!
    4.65%
    2
    Last edited by doom&gloom; December 01, 2010, 08:50 PM.
    Tags: None
  • #2
    Re: Okay SilverBugs, fess up, how much you got?

    Originally posted by doom&gloom View Post
    I am now of the belief that silver could well outperform gold in the long term, especially if the banksters take it in their "shorts". I got some silver physical, and wonder what you all got as well. So fess up -- private poll.
    Of course there is also PSLV and CEF, both of which many of us own.

    Comment

    • #3
      Re: Okay SilverBugs, fess up, how much you got?

      I don't have much silver in the "hold in my hand" type, but I've lots and lots of CEF, BV physical, etc

      Comment

      • #4
        Re: Okay SilverBugs, fess up, how much you got?

        I have physical coins, BV physical and about an equal amount of silver miners....

        Comment

        • #5
          Re: Okay SilverBugs, fess up, how much you got?

          I hold mostly physical silver, a little CEF and an even smaller silver miner position. Silver is 9% of my total diversified PM position.

          Comment

          • #6
            Re: Okay SilverBugs, fess up, how much you got?

            I have some of all of the above mentioned. In addition I've got Profunds' double-long etf, AGQ. Scary moves ain't the half of it.

            Comment

            • #7
              Re: Okay SilverBugs, fess up, how much you got?

              all my ag is via cef.

              Comment

              • #8
                Re: Okay SilverBugs, fess up, how much you got?

                All physical. No paper.

                But much of it was from sifting through stacks of (casino) coins for 15 years starting in the '80s.

                Since then I have bought some investment grade Ag

                Comment

                • #9
                  Re: Okay SilverBugs, fess up, how much you got?

                  Only a couple pounds of 1 oz coins, just a token amount.
                  Went all gold instead.
                  No regrets.

                  Comment

                  • #10
                    Re: Okay SilverBugs, fess up, how much you got?

                    bullionvault, goldmoney, cef, physical, and pslv.
                    Most folks are good; a few aren't.

                    Comment

                    • #11
                      Re: Okay SilverBugs, fess up, how much you got?

                      y'all know if you sell silver as CEF, you have "reportable income" but if you sell physical on Craigslist, well....

                      Comment

                      • #12
                        Re: Okay SilverBugs, fess up, how much you got?

                        Originally posted by doom&gloom View Post
                        y'all know if you sell silver as CEF, you have "reportable income" but if you sell physical on Craigslist, well....
                        It doesn't matter if your CEF is tax sheltered inside an IRA.
                        Most folks are good; a few aren't.

                        Comment

                        • #13
                          Re: Okay SilverBugs, fess up, how much you got?

                          Originally posted by doom&gloom
                          y'all know if you sell silver as CEF, you have "reportable income" but if you sell physical on Craigslist, well..
                          might work for small quantities. otoh, do you want to advertise on craigslist that you are in possession of a LARGE quantity of physical silver? it might be reasonable to have a bag of junk silver for the shtf mad-max scenario. but otherwise i'm not convinced you're wise to keep quantities of valuables on hand.

                          Comment

                          • #14
                            Re: Okay SilverBugs, fess up, how much you got?

                            How did you conclude this about the Silver vs Gold performance?
                            Originally posted by doom&gloom View Post
                            I am now of the belief that silver could well outperform gold in the long term, especially if the banksters take it in their "shorts". I got some silver physical, and wonder what you all got as well. So fess up -- private poll.
                            I had not noticed this commentator until a few weeks ago - my in depth Silver research has been on hold for a while - BUT apparently he's never seen anything like what's happening in Silver.

                            http://harveyorgan.blogspot.com/2010...nd-silver.html

                            iff (note the TWO f's) he's right, this is great news for Silver bugs, iff (again note the 2 f's) Silver bugs don't let the games going on behind the scenes scare them off.

                            http://harveyorgan.blogspot.com/

                            It does raise the question - since, as we keep reading repeatedly that the long position is well distributed (there are a lot of little longs), as opposed to the massively concentrated short position - have these (former) longs been threatened into taking cash instead of Silver, and if so, why would not one of these people (again, if it happened that way, there are a lot of them) who've been paid off post something about it, or launch a(nother) lawsuit, or something of that nature?

                            In their place I would tape record any conversation with exchange officials or brokers for possible threats and post an mp3 on the interwebz, and raise an INCREDIBLE stink about it.

                            The other option of course is that the longs are not being threatened - futures market players almost never take delivery, so this is plausible. I would ask to these never-take-delivery longs, considering the number of times they've been taken to the cleaners & gotten their position taken out from under them by alleged wrongdoing by either the banksters and/or exchange officials or some collusive combination thereof, why are they trading on COMEX?

                            Comment

                            • #15
                              Re: Okay SilverBugs, fess up, how much you got?

                              This guy (speaks weekly on King World News) also had an article on his blog about recent strange silver behaviour

                              http://www.gotgoldreport.com/2010/12...n-futures.html

                              Comment

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