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At $45.00 + An Oz., Is Anybody Thinking About Selling ?

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acloco's Avatar
United States
3540 Posts
 Posted 05/02/2011  11:01 pm  Show Profile   Bookmark this reply Add acloco to your friends list Get a Link to this Reply
I traded some 90% circulated silver for a nice 1917 Lincoln. Could not be happier.
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DNA's Avatar
United States
2734 Posts
 Posted 05/02/2011  11:03 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply

Quote:
How long will it keep bouncing btw $43 and $48?

Could be weeks. The big silver shorters will do all they can to keep it under $50 for as long as possible, but the support level's incredibly strong at $43. Silver could ping-pong from $43 to $48 for a while...
Valued Member
BuffaloBonehead's Avatar
United States
333 Posts
 Posted 05/02/2011  11:28 pm  Show Profile   Bookmark this reply Add BuffaloBonehead to your friends list Get a Link to this Reply
Based on the P&F chart, I'm guessing that we will shoot all the way down to $36 before popping back up.*


*This post contains wishful thinking.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 05/07/2011  3:25 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
If the market is not being tampered with, we should see a silver price that is about 1:17 with gold. That is the approximate ratio of silver to gold in the Earth's crust.

That ratio would only be correct if ag and au were 100% interchangeable.
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Ed_B's Avatar
United States
4008 Posts
 Posted 05/07/2011  4:11 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
That ratio would only be correct if ag and au were 100% interchangeable.

Would it? Seems to me that silver is MUCH more useful than gold. About all that gold has going for it is that it resists oxidation and silver doesn't. Shrug.

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penny man's Avatar
United States
659 Posts
 Posted 05/07/2011  4:21 pm  Show Profile   Bookmark this reply Add penny man to your friends list Get a Link to this Reply

Quote:
I'm guessing that we will shoot all the way down to $36 before popping back up
*This post contains wishful thinking.


not wishful thinking anymore.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 05/07/2011  4:41 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
When dealers made tons of money in 79-80, they put a good bit of it back into inventory. 50d bu nickel rolls went from around 250-400.

Others bought other businesses, or bought buildings (or even shopping centers) to put their coin shops in without ever having to worry about getting evicted.
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