My Therory On Silver Prices . - Page 2

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Author	Replies: 24 / Views: 4,571	Page: of 2

jeffbuckes Pillar of the Community United States 840 Posts	Posted 01/12/2019 5:34 pm 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. Report this Post to the Staff
fistfulladirt Pillar of the Community United States 4333 Posts	Posted 01/12/2019 6:09 pm 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 Report this Post to the Staff
collectinsince65 Valued Member United States 320 Posts	Posted 01/12/2019 7:11 pm 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 Report this Post to the Staff
fistfulladirt Pillar of the Community United States 4333 Posts	Posted 01/13/2019 06:42 am 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 Report this Post to the Staff
everything Valued Member United States 493 Posts	Posted 01/13/2019 9:14 pm 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. Report this Post to the Staff
jeffbuckes Pillar of the Community United States 840 Posts	Posted 08/29/2019 3:28 pm 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... Report this Post to the Staff
collectinsince65 Valued Member United States 320 Posts	Posted 08/30/2019 6:59 pm Good call ! Report this Post to the Staff
YNumismetals Collector Valued Member United States 354 Posts	Posted 08/30/2019 11:41 pm just a question here- like some people have said, what's stopping silver from just flooding the market, or in general, loosing their value? Report this Post to the Staff
fistfulladirt Pillar of the Community United States 4333 Posts	Posted 08/31/2019 1:02 pm 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 Report this Post to the Staff
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