Ever wonder where the word "dollar" comes from? It comes from a famous european silver mine in the city of Joachimisthal. The silver coins from the mine were first called "Joachimisthalers". Over time that got shortened to "thaler". Fast forward a few centuries and it got turned into "dollar".

I guess it could've been shortened the other way and we could all be quoting prices in "wockars" or "jokers" instead.

In the old days, the dollar used to be called a "silver dollar" and was worth a certain amount of silver. The quarters and the dimes had silver in them too, of course, as late as 1964.

I agree. That seems like a huge and out of the ordinary move by them.

Whatever it was that just happened, it was a well considered chess move and it was meant to do something in a big way. I think we'll find out pretty soon.

Maybe things are getting tight and they're playing a shell game at this point just to show silver in another place at the same time it's supposed to be in another.

They've been at this for awhile and they're good at it.

Well said my friend. The "Kings" today are those who have the wisdom to know sound money when they see it.

To quote Mick Jagger, "if you try sometimes you get what you need"

The Indian.  My LCS carries both, but the Indian always makes me drool.  The Liberty just looks too generic.  I think the Indian head is the only coin I've ever seen where the design is recessed into the coin instead of a raised design on top of the coin.  My LCS guy told me it was designed that way so the coins would stack nicely.  I wish I had a few just so I could see for myself!! 

California Girls

Talking about this last night at home - yes, I believe the risk of nationalization is real, but I do not think we are there yet - and as you say, what is one to do with money one wants to try to invest in something other than physical metals?   I am psychologically unable to buy bank stocks, or other things that have been roaring (I own one Appl share on behalf of my daughter - I am the idiot who sold the other four to buy PSLV) - but the metals are pretty much the only sector I have confidence in, and they are hugely cheap right now.  So it is either the opportunity of a lifetime, or a disaster - but my downside is not enormous because I do not leverage anything, and the upside could be huge.  We have been sweating a bit, but hey - life is exciting.

I know pure stackers will jump out of the wood work, but I have a foot in both worlds right now - hedging bets all over the place!

great post - drop it on the Latest from Sprott thread - morning crowd (i.e. me) seems to be there, mostly.  It was like whack-a-mole for awhile.

Ranting Andy's analysis of the miners is not even an analysis and can't be taken seriously.  All the talk about don't go into miners on these board don't come from a place of knowledge or experience.   It's only what people think, believe or feel based on what they think is going to happen.  How many of you that speak against miners including Andy live and breath them every day and understand the business side of the miners.  Ok Andy was in the business..i hear you, but he didn't go into any of the dynamics that can make people a lot of money.  He doesn't provide the perspective of where the good miners are, who the good people are, where the interesting geology is in the world today, who are the ones on the verge of discoveries, what are the margins looking like on some of the juniors/junior producers, etc.  Yeah the mining business is tough and as Rick Rule has said "90% of the juniors out there are worth 0".  You have to know where the 10% are to make money.. Andy just swept right through that...There's a lot of money to be made in these miners, if you find the people that know what they are talking about.   O the HUI..it's manipulated...but you are going to buy some July calls...Are you doing any service to people who wish to explore to make more money and tell them where to go to find these opportunities. NO! Just BS which pisses me off.  If these boards are about true education then it behooves us to provide points of opportunities in the PM market including miners and where to go to FIND THE PEOPLE THAT NOW ABOUT MINERS..Again, all the folks that speak against the miners don't know what they are talking about. That's a fact!

Why hasn't anyone spoken about 2002 -that bear market where if you look closely you will find that if you invested you would have made a killing. I haven't heard anyone talk about the past 30 years and the various cycles that have played out in the natural resource sector/mining sector whereby we have seen ups and downs..and if you were in on the downs you made a lot of money onthe UPSs.   Is where we are currently with the miners any different from some of those other downs? "o it's manipuliated...right"   You haven't looked at the past..

Sinclair, Embry, Sprott, Rule have said time and time again, where the real money is going to be made..but Randy Andy is not on that side...I'm going along with the people who have made 100's of millions and in some cases billions of $s for themselves. AND who have made many of their clients millionaires.   Who on this board has helped people become millionaires? I haven't made a Fricken dime on any analysis provide on this board, and from all the crap hole newsletter writers.    But Rick Rule's company has...because they provide "Right Analysis", they are the experts that talk about risk/reward, that understand the geology of a project, understand where the hot spots are, understand what it's going to take to make money on a mine.

HUI--i don't own any of them now, but they are very compelling to start buying, i own the mid-tier juniors, prospect generators, take over targets.  Can RAnting Andy or Turd name the take over targets.  Do you know that Goldfields and Newmont are speaking to a specific miner in West Africa right now about taking over a miner at a specific price that if you are into right now you are going to make good money.  Do Turd and Ranting andy know that this mine is one of the best prospect around. Have they visited the property and reviewed the drill hole results and understand the grads, and cut offs and margins.  Have you done your service to provide this information to those that could make money.  No! Why, because you are not specialist in this area and not seeking to find this information out.   

STACK = yes to preserve you wealth. Not to become more wealthier. If they tax the miners, one day they will tax the stackers too and even confiscated your/our stack. 

O nationalization--did anyone provide the perspective of Brent cook when Andy brought up the act of nationalization in Argentina on the oil front.    Did anyone explain that the business of oil and gold mining are different. Could it happen...I just heard one perspective and not the other perspectives. 

I'm fine with different points of view being presented, but when the analysis is flawed it must be called out.  When the analysis is self-serving and is just glossed over then I poo poo it.  

I guess the successful people, like rick rule and erick sprott will lose most of their money based on Andy, but I doubt they will listen to Andy.

For those that are interesting in making real money listen to this. http://www.financialsense.com/financial-sense-newshour.  Then contact SprottUSA and have a conversation with them  They actually have an offer to evaluate your portfolio for free...buy, hold, sell.  Why not talk to people and hear them out..And judge for yourself. Understand risk/reward...

http://www.sprottglobal.com/wp-content/uploads/2012/04/TWIM_APR21.mp3

We may be going up.  

I think some of the folks responding passionately to Andy don't seem to have really taken in all that he was saying.

I think he agrees that mining stocks *should* be great investments right now.  And up until some time in 2010, they were tracking upward along with PM prices.  And then the EE just completely committed itself to attacking the mining stocks.  And since then, while the sludge of the S&P 500 has had an effortless, low volume meltup and PM prices have gone higher, the mining stocks have had their prices hammered downward.

He said he had a huge proportion of his money invested in mining stocks but despaired at the intervention and got out.  

I don't think he's denying the real value of the mining stocks but simply saying that they're easier to manipulate than the price of actual PM's.  If they attack the price of silver and, as some people ridiculously forecast, drove it down to $24 an ounce, there would be massive physical buying which they could not accommodate.  But if they drive the price of a mining stock down similarly, maybe there's some increase of demand but they just throw some more naked shorts at it and they never have to deliver any particular goods.  

And if you listen to this and other interviews he's done, he predicts that, at some point, when the price of PM's breaks free, the price of the mining stocks will break free.  

But holding a stock is still a paper asset.  To all the folks holding mining stocks, do you trust your brokerage firm?  Have you gotten all your shares registered in your name?  If you haven't taken the latter step, your shares are probably, right this moment, being used to short the price of . . your shares!  If you absolutely must hold shares of mining stocks, get them registered in your name.  This was a big topic on line a month or so ago.  Please look it up.  If your shares aren't registered in your name then the brokerage can play all sorts of games with them, rehypothecation and even the professed base for shorting your own stocks.  

But, I believe Andy's said in other interviews that he thinks there will only be a narrow window in which someone holding mining stocks will be able to realize profits.  Mining companies are simply a much easier target for the plundering of resources than individual citizens. 

It shouldn't be this way but it is.  

....Bring home the Bacon !  I waive my restriction against long posts and interviews on a one time basis !    Monedas   1929    Comedy Jihad Short Attention Span  

Gold and Silver are money, yes, yes,yes.  Of course but in what form.

1. Not in coin form that you may find in circulation as change from the local market.

2. Should there be any silver content in lets say a half Dollar coin.  I would STACK IT and so would any sane person!

3. If Silver were in circulation then Apple would melt it and return as a crappola computer/i phone etc in short order.

4. You will not see Silver in any currency, it is too precious.

5. KEEP STACKING.

6. I live in Europe.  It is not that bad here, we are a forgiving outward looking people.  Let them have their financial crisis' and we will will carry on. if not with them. then without them.

7. Skeptic is incorrect, the correct spelling it is Sceptic.  There is a subtle difference, the 'c' instead of a 'k' implies a something benign and that is one reason why London  gets away with robbery.  It is how you say it.

p.s. My grandfather went to Harrisburg, PA in the twenties, returned to the Forest of Dean in the thirties and promptly got shoved back down the coal mine as that ratbag Hitler brought Europe into conflict. Never again please.

Sorry, can't leave this alone.  So you want a currency without value?  You admit you would remove any silver from circulation - why do you think others want your paper or digital crap?  They do now, but they didn't a few decades ago.  I remember money that did have value and that is what I want again.  When 'they' have 'their' financial crisis, the Euro will be worthless.

I think we'll go to a plastic debit/credit card electronic currency at some point. 

Unless something drastic happens that renders the ability to process and access computers and their networks safely or effectively happens beforehand. For example, a cyber attack or satellite outage that renders electronic transactions vulnerable or incapable of being conducted would not make that possible. 

If the world moves forward relatively smoothly then I think plastic is the way the world will go. It's not hard for me to envision a card for each country that looks a bit like that countries most recent currency and has some 'golden' element or look to it because it'll be backed by  virtual gold that everyone trusts is in place by their CB for any of this to take place. At some point, trust in something will need to happen. Like it or not, that very trust is still in play today (although eroding) because I have paper in my pockets right now whether I believe in it or not as having true value. 

GLD and SLV are almost like test pilots for using paper instead of physical metals. People have poured BILLIONS into those two paper funds for years now. At some point we'll trust (somewhat) whatever the various Govt.s or IMF  come up with and what direction they take with any radical currency move in the future. If we stay stable societally then we evolve to plastic from paper the same way that people evolved somewhat from metal coins to paper. I'm not sure that actually was de-evolution, currency wise.

Time will tell.

What? Is this a joke?

More fascinating than Angkor Wat, Taj Mahal, the Amazon, Sulawesi, Africa?

Haven't seen all of Europe but lived in France for 2 years.  Out of 35 countries visited France ranks 35th and the other European countries (and the US) rank in that vicinity as far as what would be considered fascinating. 

What do you consider fascinating?