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Replies: 22 / Views: 2,593 |
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Pillar of the Community
Australia
1091 Posts |
I'm just guessing here.
The dollar value for Silver also depends on the value of the dollar. My understanding is that the US economy is not going real well and the US government is getting itself into a lot of debt. I suspect they will just print more money to get out of debt and that the value of each dollar will be worth a lot less.(Inflation). Therefore many more dollars will be required to buy silver in the long term.
That's my guess of the future.
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Pillar of the Community
United States
2443 Posts |
The US has always been in debt, and that's good for the economy.
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Valued Member
United States
306 Posts |
I remember around the late 70's/early 80's that Omni Magazine (which a sorely miss) said that silver would skyrocket. Their theory was that space exploration equipment would need lots and lots of silver. They even mentioned gold would have a jump as well, but smaller.
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Valued Member
Ireland
498 Posts |
I dont know others bankers and economist may give light for their are many topics about metals in other forum from time to time.
For me metals are stable as I observe in the news and going from one forum to another if the currency and the economy is stable as long as that system is in place,and the metal rise when the economy is unstable to where the point both of them ends or splt I dont know,It might goes to the trade of one country for its additional income and trade is by product and production, by production needs something to generate OIL but needed to buy it among other expense from trade deficit among other things that a country needs.
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New Member
 United States
15 Posts |
Thanks everyone I was curious as to what others opinions were. 
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Pillar of the Community
United States
2600 Posts |
I'm not sure if silver will ever be able to separate itself from the apron strings of gold. Until it does, simple predict golds course and you will have a strong idea about where silver is going. There are many factors that should effect silvers price independent of gold. Everyone talks about the loss of silver consumption in the film industry, in fact, much of the silver used was recycled. Consumption still leads production, and even with new mines coming on line, many of the old high producing mines are playing out. Jewelry still drives consumption and consumer demand is on fire on the Pacific rim. I recently read a article about silver being the jewelry of choice with younger people. Price and the impression that gold is an old persons jewelry is shifting their buying trends. I personally would be bullish on silver except for it's link to gold. Jim
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Valued Member
United States
397 Posts |
quote: The US has always been in debt, and that's good for the economy.
That is similiar to what my dad, a retired banker used to say. "It is good people are in debt, it keeps them working and the banks in business" MM 
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New Member
 United States
15 Posts |
I would have to agree. I had 20-30 extra Silver Eagles from my sets and was trying decide whether to trade them for different coins I neaded (indian heads and such) or to just sit tight on them. I purchased them around the $12.50 mark and have been flopping back and forth about it. Looks like I will trade them, I have been offered a $1.00 over spot. Thanks
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Valued Member
United States
287 Posts |
I know this is soooooo mean, but I have been watching and hoping that silver plunges so I can afford to buy some. lol
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Valued Member
United States
487 Posts |
My prediction is $42 an ounce with in 3 years.
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Pillar of the Community
United States
2335 Posts |
I've probably said this before, but I just don't think precious metals are a good investment, especially at these levels. Historically, precious metals have not done much better than the rate of inflation. In my opinion, if you want to make an investment in coins your best bet is with key dates in the best grade you can afford. Even if they don't keep up with other investments you get the joy of ownership.
I think it would take an almost complete breakdown in society for there to be a massive & sustainable gain in precious metals. At that point currency would be pretty much worthless & we would be on the barter system. If that happens your best investment would have been in steel & lead, if you know what I mean.
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Pillar of the Community
United States
3343 Posts |
It's hard for me to think of metals as an investment. Buying $50 face gold or silver to flip later on into coins I actually want makes sense to me - using them as a marker for a while. But buying and holding $5000 or $50,000 face? Scary. Small fish, big pond.
Where is the price going? I'd guess up, at the rate oil rises against the dollar. Or down, for the same reason. I think oil's about to start heading down, taking precious metals along with it for the next two or three years.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Valued Member
United States
455 Posts |
Silver and gold coins and bullion pieces attract me because they are truly beautiful. I like to buy them, accumulate them, collect them, look at them, they put a smile on my face. Whether it's a Morgan, an ASE, a $10 Eagle, AGE, etc., I really get off on them. I don't consider them to be an investment, I'm collecting them for fun. I don't lose sight of the fact that they do have a redemption value, but in selling them, timing is everything. If we really want to invest in precious metals I think the way to go is by researching publicly traded companies or mutual funds specific to that sector, then buying some shares. Truth be told, you could probably find better sectors in which to park your money. Invest for your future, collect for fun!
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Valued Member
Netherlands
376 Posts |
And so say all of us, and Tsmith for all of us! It is fun tot trace back history, and silver coins where used in the daily life of millions of people. Because of the fact that gold do not carry any patina, I like silver coins more often.
In South Afrika scientists have discovered that there is a tiny microbe who eats stone for million of years. and after eatings this microbe does his poo. All these microbe stuff hardens and the substance you find as nuggets is just another pile of poo inside the stone the colony is living in. We have a name for this stuff: gold.
That's why I like silver... it is metal and not built out of animal behaviour.
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Pillar of the Community
United States
2272 Posts |
Most everyone underrates the importance and potential of silver. Demand is growing exponentially. Supply is actually SHRINKING. Even if it were growing it would eventually lag demand but silver is disappearing as demand from high tech uses explodes. Neither of these conditions will be changed in the foreseeable future. When you also see that demand and supply are both price inelastic then it's a prescription for explosive price gains.
Time don't fly, it bounds and leaps.
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Replies: 22 / Views: 2,593 |
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