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 Replies: 27 / Views: 2,960 |
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Valued Member
United States
213 Posts |
The Silver/Gold Markets may become like 17th Century Dutch Tulip Bulb Mania. At the peak of Tulip Bulb Mania, in February 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman. It is generally considered the first recorded speculative bubble.
However, this may be a little different from the 1637 Tulip Bulb crash, and the "Silver Thursday Event" that occurred in the Silver Commodity Markets on Thursday, 27 March 1980, where a steep fall in silver prices led to panic on commodity and futures exchanges. The case today is, the rise of the Silver Market is not just fueled by speculation, but by debasement of the metal content of our coins and the fact our paper money is no longer back by silver or gold. All this and more results in the falling value of the US Dollar.
It's likely there won't be a big bubble and resulting crash... but there will be a point where wide swings and volatility set in. I think we are about $10 away - when Silver reaches the magical $50 per oz (the "Silver Thursday Event Point" or STEP).
Anyone care to speculate when we reach "The STEP". I guess September 21, 2011 Edited by Danester
04/08/2011 11:29 pm
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Pillar of the Community
United States
642 Posts |
Anything could happen of course. I think the majority of the rise is a bubble. If the Fed raises rates soon to curb inflation, I think things may calm quite a bit. But again, anything could happen.
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Valued Member
United States
314 Posts |
The Fed raising rates will not curb anything, even if the CAN raise them. The debt we have is already unpayable, let alone what raising the rates will do
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Pillar of the Community
United States
3670 Posts |
Everyone seems to think it is gonna peak at 50, cause that is what happened 32 years ago. So many different factors in play now. People like me buying silver, that would have no idea the value of it, or even have the thought to back in 1980. Not saying there were not smart people out there that new, but they did not learn the info via the net. I was 6 in 1980, so needless to say investing had not occurred to me yet....
The economy was in bad shape in those days, but the problem seemed to be via high oil, resulting in higher costs of gas and everything else you buy that needs gas to help produce what ever that may be. Not say that is not a looming problem, but this quagmire our gov has created is an entirely new monster with multi heads of un-payable debt, and anyway you add up the books, or split up the pie, SOMEBODY is gonna get shafted, be it the military, the senior citizens, whoever, there is just not enough to go around....
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Pillar of the Community
United States
3345 Posts |
I bet it will be on my birthday.
August 15th!!
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Valued Member
 United States
213 Posts |
OK, so far we have -
August 15, 2011
September, 21, 2011
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Pillar of the Community
United States
1348 Posts |
I will say around 15 Oct. Jsut after the new fiscal year
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Pillar of the Community
United States
3670 Posts |
Forgot to guess, lol. In the monthly silver contest I have silver just passing 50 bucks in early June, so I will say by Friday, June the 3rd....
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Valued Member
United States
310 Posts |
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Pillar of the Community
United States
1388 Posts |
October 31st... On Halloween... It wouldn't be a trick, and it sure won't be a treat...
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Pillar of the Community
United States
1450 Posts |
What the heck,July 3,2011. It may be much sooner than that and I won't be surprised. When does the debt ceiling debate start? Seems the Tea Party folks were livid over the terms of the budget resolution and are going to take over the debt ceiling battle. That may push us over the $50 mark. Please fasten your seatbelts,we are about to enter major turbulence!
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Valued Member
United States
213 Posts |
OK, best guess as to when Silver reaches $50 per ounce is closed. These are the official prognostications. Closest to Wins! Silverhawk74...........June 3, 2011 hockingzig.............July 3, 2011 2011rachums107.........August 15, 2001 Danester...............September 21, 2011, w1a9c8k5...............October 15, 2011 Darth Anarchus.........October 31, 2011 GRR....................December 21, 1912 The winner is the " Lucky Dog" and gets Silver bragging rights, plus receives the Big Dog - Lucky Dog Token which is about the size of a Silver Dollar and appropriately made of Aluminum - as soon will be all our coins!  The Danester Edited by Danester
04/21/2011 12:34 am
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Pillar of the Community
United States
505 Posts |
Quote:
dec 21st 2012 :) Darn it,you beat me to it |
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Pillar of the Community
Canada
834 Posts |
Its going to happen quick! May 28th
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Valued Member
United States
309 Posts |
I know this has closed but I think next week.
And not truly a bubble because it was not as valuable as it should be. On the other hand, gold = bubble, but nowhere near popping.
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Pillar of the Community
United States
602 Posts |
May 20th I would guess. WOLF
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Replies: 27 / Views: 2,960 |
Posted 04/08/2011 9:28 pm
