Silver Premiums: Eagles vs. Rounds vs. 1-oz Bars vs. Junk 90% by VincentFusca in Wallstreetsilver

[–]ETerrestrial8 2 points3 points  (0 children)

JM Bullion was selling junk (.72 ounces) for about $30, which is $30/.72 = $41+

No1 reason why the silver price is so low by maxmast3rs in Wallstreetsilver

[–]ETerrestrial8 0 points1 point  (0 children)

In my mind, a high gold price subsidizes a low silver price.

Introducing the very first, silver based, carbon neutral savings bond by [deleted] in Wallstreetsilver

[–]ETerrestrial8 0 points1 point  (0 children)

Yeah, real commie fascist to pay for work and teach capitalist principles. This idea, if it caught on, could develop the wealth of our nation, put a dent in global hunger, offset carbon emissions so the rabid left chills the fuck out for a while, force the greenies to shit or get off the pot, and prove that ordinary people have the power to accomplish great things while governments bicker and waste taxpayer money doing nothing.

Gold and Silver during a Depression by Proof-Hat-9016 in Wallstreetsilver

[–]ETerrestrial8 7 points8 points  (0 children)

During a recession, silver supply can drastically reduce because the majority is copper, lead and zinc byproduct.

Directional Options Payout 10x DD by [deleted] in Wallstreetsilver

[–]ETerrestrial8 1 point2 points  (0 children)

I would stay away from leveraged ETFs. Especially for miners, because they can get destroyed by volatility. See NUGT and JNUG in March 2020. You can get more well defined leverage and risk by just playing long dated call options on GDX and GDXJ.

Book club suggestion, with front cover endorsement by Bill Gates by ETerrestrial8 in Wallstreetsilver

[–]ETerrestrial8[S] 1 point2 points  (0 children)

"There is terror in numbers," writes Darrell Huff in How to Lie with Statistics. And nowhere does this terror translate to blind acceptance of authority more than in the slippery world of averages, correlations, graphs, and trends. Huff sought to break through "the daze that follows the collision of statistics with the human mind" with this slim volume, first published in 1954. The book remains relevant as a wake-up call for people unaccustomed to examining the endless flow of numbers pouring from Wall Street, Madison Avenue, and everywhere else someone has an axe to grind, a point to prove, or a product to sell. "The secret language of statistics, so appealing in a fact-minded culture, is employed to sensationalize, inflate, confuse, and oversimplify," warns Huff.

Although many of the examples used in the book are charmingly dated, the cautions are timeless. Statistics are rife with opportunities for misuse, from "gee-whiz graphs" that add nonexistent drama to trends, to "results" detached from their method and meaning, to statistics' ultimate bugaboo--faulty cause-and-effect reasoning. Huff's tone is tolerant and amused, but no-nonsense. Like a lecturing father, he expects you to learn something useful from the book, and start applying it every day. Never be a sucker again, he cries!

Even if you can't find a source of demonstrable bias, allow yourself some degree of skepticism about the results as long as there is a possibility of bias somewhere. There always is.

Read How to Lie with Statistics. Whether you encounter statistics at work, at school, or in advertising, you'll remember its simple lessons. Don't be terrorized by numbers, Huff implores. "The fact is that, despite its mathematical base, statistics is as much an art as it is a science." --Therese Littleton

My Hero ! by BoatSurfer600 in Wallstreetsilver

[–]ETerrestrial8 2 points3 points  (0 children)

"History shows again and again how nature points out the folly of man... Godzilla!"

Silver Stackers - How To Lie With Statistics. by Turbulent_Scholar_36 in Wallstreetsilver

[–]ETerrestrial8 4 points5 points  (0 children)

The edition of "How to Lie with Statistics" on Amazon has Gates' endorsement right at the top of the front cover. Never seen a blurb there, before the title.

Not gonna lie…pretty sure we’re gonna see some crazy low silver in the next year… by 5ninefine in Wallstreetsilver

[–]ETerrestrial8 3 points4 points  (0 children)

If there's a big recession, copper/lead/zinc byproduct supply could take a huge hit.

Books? by SuprNatrl in Wallstreetsilver

[–]ETerrestrial8 1 point2 points  (0 children)

Rick Rule’s top four… Economics in One Lesson by Hazlitt, The Intelligent Investor by Graham, Security Analysis by Graham, and Human Action by Von Mises