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 Replies: 24 / Views: 4,577 |
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Pillar of the Community
Canada
1051 Posts |
IMO people will turn to the safety of PM's once they realize the bull run of the markets is collapsing. It is the only catalyst I see driving silver prices with any authority. I welcome higher prices, or lower prices. The only thing that presents no opportunity is the stagnation of price...something we seem to be stuck with at the moment.
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Pillar of the Community
Canada
798 Posts |
The dollar protection team will keep silver range bound for as long as humanly possible.
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Pillar of the Community
Canada
3692 Posts |
(haven't read any posts yet)
Nobody is going to dump their long game for a measly $23. It would take $75 for most hoarders to think they're rich. By then their silver buys nothing. T-BOP, you're not a new silver poster, so I'm surprised at your theory; I can't take it seriously.
Silver is cheap because of its use in electronics, and everyone in the world uses something electronic. That's not going to change anytime soon. We need silver almost like we need water if we continue at this wasteful pace.
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Bedrock of the Community
Australia
21788 Posts |
I am an old man, and experience has caught up with me.
Silver can is just another investment vehicle, just like gold, shares, government bonds, real estate and pork bellies.
If you are a stacker, you are not too worried about the short term 'buy' and 'sell' prices.
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Bedrock of the Community
13014 Posts |
Quote:
We need silver almost like we need water if we continue at this wasteful pace. Sorry but this is 100 percent false. Water is an essential silver is not. They should never be compared. There is more silver in the world than we can ever use in anyones life time, it keeps expanding and it's forever recyclable. There is no shortage and anyone waiting for $75 an ounce will never see it in anyone's life time that is alive. TBOP is absolutely right that a lot of people are buying it hoping it will spike again to make money, same as it always has been |
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Rest in Peace
 United States
18456 Posts |
Thank you baseball 21 for agreeing . My theory is no more than an opinion which most of us here use on the forum everyday. $23 an once is realistic ;$75 is dreaming . You don't have to be a silver stacker to realize what I'm trying to get across .  |
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Pillar of the Community
United States
840 Posts |
A few years ago - 2011 I think - silver jumped up to $40/oz. Anybody here unhoard their silver then...? I sold some (mostly 90% coins) and I'm glad I did because after that silver dipped - a lot - so I made a tidy profit. But I'm a collector, not an investor so my goals are different.
Some people who bought in a $8.00/ounce a couple years ago would dump their hoards at $23 - that's a huge return. Others will hold on till they see $40/oz again. That's the nature of speculation.
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Pillar of the Community
United States
4333 Posts |
The only coins I sold was in 2012, the dirty 40's.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
320 Posts |
Was buying silver in small town 5 and dime stores back in 79 and 80. Had people lined up to sell their stash of coins. Remember after getting back with the bank bag full of coins spying and pulling out a really nice AU 1932 d or s Washington. Really like your tag line fistfulladirt
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Pillar of the Community
United States
4333 Posts |
Quote:
A few years ago - 2011 I think - silver jumped up to $40/oz. Anybody here unhoard their silver then...? I sold some (mostly 90% coins) and I'm glad I did because after that silver dipped - a lot - so I made a tidy profit. But I'm a collector, not an investor so my goals are different.
Some people who bought in a $8.00/ounce a couple years ago would dump their hoards at $23 - that's a huge return. Others will hold on till they see $40/oz again. That's the nature of speculation. That was probably a wise move. I am a collector, but I have no intentions on ever selling anything beyond a 40% silver coin. $40/oz means nothing to me, except that there is fear in the economy. I watched the price rise back in '79/80 also. The price today would have to approach $150/oz. for me to consider selling. 1979's silver at $45/oz. would have the spending power of $150+ today. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Edited by fistfulladirt
01/13/2019 06:46 am
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Valued Member
United States
493 Posts |
Physical silver is in a tremendous, tremendous glut of over production. So much is unaccounted for, we've probably got 3+ years supply above ground at this point. You go to the average estate sale and see they've got 10-50 oz. worth of sterling sitting around, and that's just the stuff the family didn't want/pick.
Physical Silver holdings are just kind of a side bet, but also a way to get rid of fiats.
Upside to silver for right now is that the price finally stabilized, we know about what the world is willing to pay for it on any given day.
It's pretty likely the price will rise in the face of economic uncertainty as it follows gold price, but then maybe watch out below if industrial demand falters.
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Pillar of the Community
United States
840 Posts |
In my original post I predicted that silver would climb back to US$18 in 9-12 months. Here it is - nine months later - at $US18. Right on time. Quote:
I see silver climbing back to US$18.00/troy ounce in the next 9 - 12 months. Just my opinion, based on a few key indicators that I follow... |
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Valued Member
United States
320 Posts |
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Valued Member
United States
354 Posts |
just a question here- like some people have said, what's stopping silver from just flooding the market, or in general, loosing their value?
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Pillar of the Community
United States
4333 Posts |
Quote:
just a question here- like some people have said, what's stopping silver from just flooding the market, or in general, loosing their value? I think you might mean "paper" silver contracts, as physical silver is hedged around 200:1, so flooded by paper. The PM market is very heavily manipulated. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Edited by fistfulladirt
08/31/2019 1:05 pm
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Replies: 24 / Views: 4,577 |
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First Page
Posted 01/07/2019 9:07 pm
