| Author |
 Replies: 24 / Views: 4,573 |
|
Rest in Peace
United States
18456 Posts |
There must be hundreds of thousands of ounces or more of silver being hoarded in the world right now , whether it be junk silver or Bullion . All are waiting for silver to get up out of it's death bed . Let's say it goes up to $23 an ounce ,certainly not unheard of , there would be a mad rush to dump all that silver that's been growing moss in their portfolios and hands. The market gets flooded and the price makes a dive bomb downward to lets say $8-$9.50 an once .If you weren't quick enough to sell at $23 you'll be in worse shape that your in now .  |
|
|
|
Pillar of the Community
United States
2130 Posts |
I see what you are saying but if the price starts to head up then you will see a lot of new buyers and a lot of new interest in PM's. I remember back when silver was $35 -$49 an ounce and the PM section here on CCF was one of the most popular.
|
|
Pillar of the Community
Canada
798 Posts |
Silver has been $20/oz in Canada for a very, very long time and no one is dumping it.
|
|
Pillar of the Community
 United States
8938 Posts |
Currency conversions mate, the CAD is a weaker currency.
|
|
Pillar of the Community
United States
4333 Posts |
THe only thing that would drive PM prices now would be fear. As I have no plans on ever selling, it's a non-issue for me.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
|
|
Valued Member
United States
392 Posts |
I like the low prices because I want to buy some more silver in 2019.
|
|
New Member
Canada
20 Posts |
Its paper silver that drive the price not the real silver !
There's people that hold thounsands of collectible bullion that they bought at 20-30 Cad and even if the coin is now 100 CAD they don't sell !
|
|
Pillar of the Community
United States
840 Posts |
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. I wish it would jump back to $40+ but I don't see that any time soon at all.
|
|
Pillar of the Community
Canada
1051 Posts |
The Dow lost over 500 points today, an event that is becoming so common that people don't even take notice. Not long ago the index was flirting with 27,000...another bad day or two this week and it could drop under 23,000. An 800 to 1000+ point down day is coming IMO, likely sooner than later. We haven't learned as much as we thought from 2008.
|
|
Rest in Peace
 United States
18456 Posts |
Ok , so what does that have to do with the price of Tea in China  (Silver) |
|
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.
|
|
Pillar of the Community
Canada
798 Posts |
The dollar protection team will keep silver range bound for as long as humanly possible.
|
|
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.
|
|
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.
|
|
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 |
|
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 .  |
| |
Replies: 24 / Views: 4,573 |
Posted 12/10/2018 9:24 pm
