Out of Pod Experience

The price has been pretty steady at 1600-1700 USD for the past few months.

Once things start going bad in China, and Europe keep sliding to oblivion, I think the price will go up, 2500-3000 USD for sure.

Ahhh fair enough, do you know off hand if those services trade on international exchanges? I'm in aus so i'm trading on ASX atm

Yeh I have it on paper, received some small dividends and then changed my option to reinvest in stocks, so I have a few more than what is on the original document.

Funny story, those shares were bought at the peak of the GFC bubble (they're financial stocks), I wanted to sell them about a month after I got them. Told by all and sundry that I'd be an idiot to do that and should hang on to them, 3-4 months after that the GFC hit, my stocks crashed, and they're currently less than half the value of when I received them :/

Moral of the story? Follow your gut.

Hehe, I told everyone to buy Bank of America right after their stocks dropped but they all laughed at me... a week later boom, stocks back up.

I told them I played Eve

E-trade is pretty good, just do some checking on a company's past before investing. It's just like checking market history in eve and reading dev blogs to predict what will happen

If you want to play it safe and do not expect giant profits over night I would suggest silver.
Silver is a rare metal that is actually consumed by the industry (unlike gold, most gold gets recycled).
Concentrated solar power plants are build in more and more countries, and require an enormous amount of silver for their mirrors.
Should economy crash (again), silver is still a precious metal, so it will retain most of it's value.

Demand + supply = price going up or down.

Pretty much all there is to know about precious metals. Speculating demand on Gold and silver is pretty tricky but when it boils down to the bottom of the pot precious metals are always going up because money is always going down.

Silver (and othe rprecious metals/materials) is not only easy to store, certain people/groups store LOTS of it for others.

You think you're going to make bank when some price goes up, but all that's happening is the contractors who would build said power plants with said silver, go to the people who store the silver for you.

The guy at the stockpile makes a phone call and the price spikes a little bit. People sell, and the stockpiler is the one who's buying the silver that's ALREADY THERE in their stockpile. When they have bought enough to meet the contractor's needs, they sell it to them at a markup, and they start dropping the price back to wherever the market had it before. It may have already left on a truck before you think you're so brilliant selling when the price is high for a small profit.




It works for both parties because of transportation. Even if you store your own silver they can't buy 10oz from you and 50oz from her and 100oz from him until they have a power plant worth and drive around the country picking it all up...

If silver ever WAS going to truly spike, the stockpiler would be the one who knew because it's his business to know, and since he has the stockpile he's the one they call, and he'd stop selling and only buy until eventually he owned his own stockpile to sell. If he didn't have enough money to buy the whole thing, no problem, he sells what he does own and keeps buying his own stockpile from the people he's holding it for and selling it to those demanding it marked way up, and again if it was that valuable they'd buy from him so they could pick it all up in one place... and then the stockpiler would start stockpiling something else.

You see the price going up and down, buy low and sell high, and think you're really slick but you can't make real money that way because if you did the person brokering it would be losing money and the system wouldn't work in the first place. You can only make within the margin they give you and if you have enough capital to make that worthwhile you're better off doing other things with it.

IMHO You need to work with intangibles (to be on even footing with the big fish.
Replace silver with whatever other nonperishable commodity you want.