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Hi ho Silver! Away!

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secoinedchance
Valued Member
Canada
434 Posts
 Posted 02/28/2012  09:09 am Show Profile Bookmark this topic Add secoinedchance to your friends list Get a Link to this Message

Anyone else watching silver go up? Are you pleased? Or are you disappointed?

Pillar Of The Community
Canada
834 Posts
 Posted 02/28/2012  09:27 am  Show Profile Bookmark this reply Add swrbxxx to your friends list Get a Link to this Reply
A part of me is pleased as I am over the 1000oz club
But a part of me is also bummed because I'm under the 10000oz club lol
My cost per ounce is around 28$ so anything above that is profit and if it is within $3 of my cost per ounce I'm buying

Also good to see gold closing in on 1800
And Plat. Having a $300 gain a is over the last 60 days
Pillar Of The Community
Canada
785 Posts
 Posted 02/28/2012  10:08 am  Show Profile Bookmark this reply Add doubleeagle59 to your friends list Get a Link to this Reply
It's always a good day when silver goes up!
Valued Member
Canada
227 Posts
 Posted 02/28/2012  10:12 am  Show Profile Bookmark this reply Add Barrie to your friends list Get a Link to this Reply
Valued Member
Canada
108 Posts
 Posted 02/28/2012  12:24 pm  Show Profile Bookmark this reply Add pimpim to your friends list Get a Link to this Reply
It's only a start. Silver is now under the 50 to 1 ratio with gold. I'm looking forward for tomorrow (FEB 29) new QE in Europe that could reach over a trillion euro.
Valued Member
Canada
434 Posts
 Posted 02/28/2012  12:26 pm  Show Profile Bookmark this reply Add secoinedchance to your friends list Get a Link to this Reply
Up $1.42 so far......lets hope it keeps climbing...:):)
Edited by secoinedchance
02/28/2012 12:27 pm
Valued Member
Canada
291 Posts
 Posted 02/28/2012  12:53 pm  Show Profile Bookmark this reply Add tamarin to your friends list Get a Link to this Reply
I'm, as always, hopeful for silver. But this metal is so volatile and so open to manipulation it is tough to decide what to do as a buyer or seller. Where it should be and where it will be seldom co-exist. And one wonders too what kind of a world will we live in if silver successfully breaches $60 per oz.
Previously Ousted
Canada
398 Posts
 Posted 02/28/2012  1:01 pm  Show Profile Bookmark this reply Add coingirl to your friends list Get a Link to this Reply
gas goes with silver....
silver has just started...
Pillar Of The Community
Canada
785 Posts
 Posted 02/28/2012  1:10 pm  Show Profile Bookmark this reply Add doubleeagle59 to your friends list Get a Link to this Reply
It's true, silver can give you nightmares if you day trade or have a 6 month time frame, but honestly, if you're looking to sink your money in an investment with at least a 2 year time frame, I feel very comfortable buying silver (or Gold).
Pillar Of The Community
Canada
1416 Posts
 Posted 02/28/2012  1:19 pm  Show Profile Bookmark this reply Add Petersun to your friends list Get a Link to this Reply
For me it is half half. Local stores would only buy my silver coins if the price is low.
Joined on Nov 05 2011
Became a valued member on Nov 28 2011
Pillar of the Community -- May 28 2012
Valued Member
Canada
108 Posts
 Posted 02/28/2012  1:45 pm  Show Profile Bookmark this reply Add pimpim to your friends list Get a Link to this Reply
When I want a coin or buy silver coins I usually buy it up to 70$ an ounce, over that I found it a little bit crazy to buy over that price to fill up my albums (sometime I go crazy if the coin is very nice). I like it to collect coins but I don't think it worth it in the present time because I expect a very big economic crisis and when it will happen there is going a lot less money available for collectors and prices will go down. But coin collectors are in a very good position to face this crisis because the coins are physical valuable assets that will provide bread on the table. This my opinion and I really hope that I'm wrong.
Valued Member
United States
154 Posts
 Posted 02/28/2012  7:10 pm  Show Profile Bookmark this reply Add aarf to your friends list Get a Link to this Reply
I am in it for the long term, and watching it go up and down is very interesting to say the least.
Pillar Of The Community
Coin Community SupporterSupporter!
Canada
1524 Posts
 Posted 02/28/2012  7:14 pm  Show Profile Bookmark this reply Add samsnate to your friends list Get a Link to this Reply
Im glad for the overall climbing of silver but like most people on different forums are saying, what is going to happen when silver gets to $50. I would bet to say that 80% of people have said that they will sell at that point so that means silver will tank off quite a bit. It will give another buy in point but I wonder if silver will ever get over that $50 mark and hold. Aslo, when it rises $1.50 in one trading day scares me because I'm wondering if this is going to start a bubble which I dont want. Im in it for long term purposes and If it cant hold above 50 and bubble is created and bursts, it will mean my resaons for silver would have been in vain. I dont hold alot of silver, some 30oz or so, so short term plays really dont work for me. You could sell off half for a profit at 50 and buy again when it goes down or, you see it still goes up to 60 and I buy in again, costing me more, to see it tank at 70. So volitile that trying to figure out what to do is so frusterating. Thats why Im bullish for silver long term. 20-30 years. Lets hope we just dont get a reapeat of a stagnant 20 years we saw up to 5 years ago right now or in the near future holding at $34. just some thoughts. CHEERS!
Valued Member
Canada
108 Posts
 Posted 02/29/2012  12:41 am  Show Profile Bookmark this reply Add pimpim to your friends list Get a Link to this Reply
The situation today is a whole lot different than in 1980 when silver reached 50$. Our government has so much debts today that any increase in the interest rate would be catastrophic. Back in 1980 the interest rate was in the 2 digits so it could drain the money available.

Today silver is really cheap and is a great deal and you will increase your wealth until it reached around a ratio of 15 to 1 with gold. After it protects your assets. Anyway I could talk a lot about silver but I don't think that is the proper forum for that. So for me gold and silver is real money has it had been for the past 2 500 years or so.
Previously Ousted
Canada
398 Posts
 Posted 02/29/2012  1:28 pm  Show Profile Bookmark this reply Add coingirl to your friends list Get a Link to this Reply
so...?
what now?
silver down!!
time to buy before the storm?
Valued Member
Canada
108 Posts
 Posted 02/29/2012  4:10 pm  Show Profile Bookmark this reply Add pimpim to your friends list Get a Link to this Reply
Yes Coingirl it's a fire sale and I expect the price of silver going back on track in the very short time. The price fell this with the opening of the COMEX where they trade the paper silver which is really different than the physical market where you pay a premium over the spot price. Expect another round of Quantitive Easing pretty soon.
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