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 Replies: 743 / Views: 52,004 |
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Pillar of the Community
 United States
1454 Posts |
SilentAsian4Hire,
You're right. It will take some time for dealers to adjust to the lower spot price. But they will either adjust or go out of business. Dealers only have two choices. Sell or close up shop.
The vast majority will sell at market price, whatever that is. They will simply write off the loss and move on.
And there will be plenty of merchandise available to the public, regardless of what potentially self-serving people may say.
No on has to take my word for it. But just think about when silver was selling at near $50. Are the sellers still demanding those same prices?
No, right?
Same thing will happen if silver somehow drops to $15 and stays there for a while.
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Bedrock of the Community
United States
10982 Posts |
Quote:
Its amazing, I keep sweating that it'll recover and start back on the uptick. Today looks like a false start...then it just came crashing down. Amazing...
Sell in May and go away! Silver's in lock-step with the S&P500 this month! At $27.40 right now, I see a bottom around $24 this cycle. We'll be back over $30 by September. Your Toy Yoda has spoken!  |
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Pillar of the Community
United States
3670 Posts |
Tonight gold is up 7.40 an silver 33 cents, an a perfect example of the ol "False recovery spike", as you can bet 75 cents lost on silver next two days each to finish out around 26 bucks heading into the weekend....
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Valued Member
United States
110 Posts |
Speculators are seeing the Euro go down in value and the dollar go up in value. Yet we continue to print more money! The fed is keeping inflation in check for now with low interest rates. When the Chinese and others quite buying US bonds inflation will skyrocket as the Fed will have to raise interst rates to get country's to buy us bonds. That should strengthen the dollar even more. Not so good for pm's. As long as the dollar goes up in valve we will continue to print money.
If we were to ever have a real shtf event then your best bet is to be stocked up on amo and food for the first two to three years. After that who knows.
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Pillar of the Community
United States
593 Posts |
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If we were to ever have a real shtf event then your best bet is to be stocked up on ammo ... Yup, at that point lead is a more precious metal than silver (unless you have to kill a werewolf). |
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Rest in Peace
United States
9104 Posts |
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I'm waiting for 27 and may buy a little. Or may not, or then again, or possibly, or maybe something else. That kind of Charlie Brown investment philosophy will get you to retirement with a bag of rocks. Look at the numbers and find ones where you feel it would be a good price to buy (or sell). When those prices are hit, act. Otherwise, you'll have a portfolio full of shoulda, coulda, woulda. Decide on 27. You have six cents to SOGOTP. |
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Pillar of the Community
United States
2764 Posts |
Marketwatch just reported that China & India account for 54% of the world gold buying.... You bet China is dumping USD/T-Bond for gold as we are talking.....
For those like to hold currency, may be you should hold the Chinese Yuan instead of USD?
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Rest in Peace
United States
9104 Posts |
Quote:
I'm going to try and spend X amount of dollars bi-weekly regardless of price. There is no try, there is only do. |
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Rest in Peace
United States
9104 Posts |
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My thinking is this no matter what anyone does the USA is 16 trillion in the hole we will never pay this back. The US dollar is so inflated and becomes more so with each passing minute. This is up there with globule warming. Is there globule warming? Absolutely. Did our aerosol spray cans cause it? rofl. There is similar warming on Mars. OK, who smuggled the aerosol cans? Who coulda dunnit? Mr. Sun, maybe? Sorry, gubmint ain't gonna hand out millions for experimentation explaining common sense. |
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Pillar of the Community
Canada
590 Posts |
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Marketwatch just reported that China & India account for 54% of the world gold buying.... You bet China is dumping USD/T-Bond for gold as we are talking.....
For those like to hold currency, may be you should hold the Chinese Yuan instead of USD? This is a cultural thing and has nothing to due with US$ or the economy. Research wedding traditions in India and China and you will understand.  |
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Pillar of the Community
United States
3670 Posts |
Funny, gold an silver are acting like they are climbing again, beyond a my false recovery theory....
Still, would not be one bit surprised to see a nose dive again come the rest of today or Friday....
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Pillar of the Community
United States
1454 Posts |
I think silver was well overdue for an uptick, maybe even all the way back to $28.50-29.25 by next week, barring anymore bad news out of Thermopylae. It had fallen virtually every day since the beginning of May. Yesterday actually marked the metal's eighth straight decline, the worst run since Fall 2008, the last time silver was shredded into confetti for the masses. The interesting thing will be what it does during the doldrums of June-July. We should expect a roller-coaster ride and not simply a cliff dive, per usual.
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Valued Member
United States
196 Posts |
I am mixed right between you two, traevin and hawk, I do not believe silver is going to spike down, but I also do not see any significant reason for this rise back up today. I think it will stay around mid 25-28 for the next month, maybe a slow back to 30, but over summer I think it will continually have a slow decline to 20-23 by mid july.
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Pillar of the Community
United States
593 Posts |
Was $27.50 the bottom? If so my theory of a bubble bursting is shot! It would have to fall through $25 AT LEAST - better yet $20 - for that to be true. $27.50 isn't low enough to have much effect on uncirculated sets. Oh, well.
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Pillar of the Community
United States
1454 Posts |
wildspinx, larsdog,
It's a crap shoot in the end. Place your bets and roll with it ;)
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Replies: 743 / Views: 52,004 |
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Posted 05/16/2012 8:27 pm
