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 Replies: 84 / Views: 8,053 |
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Pillar of the Community
United States
797 Posts |
keep dropping......makes buying Franklins easier :)
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Pillar of the Community
United States
685 Posts |
Silver should hang in the low 40s. But if it breaks support at $39.50, look out below.
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Valued Member
United States
71 Posts |
Quote:
I go by what John Nadler says in Kitco contributed commentaries. He's a middle of the road guy who really knows the PM world.
Sounds like my kind of guy! What's he saying? |
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Bedrock of the Community
United States
10982 Posts |
Quote:
Silver should hang in the low 40s. But if it breaks support at $39.50, look out below.
Agreed. If it gets below $40, lots of paper stop-loss orders will trigger and a fall to $35 could happen in minutes. $30 this summer is very possible. It was only 6 months ago we crossed the $30 threshold. A breather is overdue. Within a year it should bust solidly through $50. |
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Pillar of the Community
United States
1817 Posts |
Quote:
Also, you can't compare prices to the crash of 2008 when silver fell below $8 an ounce. THAT was some heady days back in '08. Uncirc Common date Rosies for under $1.00, silver Washingtons for $2, Bennys were either $4.50 or $5.00...on and on... Wish I had 20/20 foresight then and bought up everything in sight... You almost couldn't give these coins away, nobody wanted them then. Sigh... |
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Pillar of the Community
United States
4989 Posts |
Silver costs about $8 per ounce to mine. If folks truly believe silver will stay at these levels, why not just quit the day job and open up a mine? 80% profit margins!
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Pillar of the Community
United States
2602 Posts |
I wonder how much 90% is being melted lately, if at all?
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Valued Member
United States
71 Posts |
Quote:
Silver costs about $8 per ounce to mine. If folks truly believe silver will stay at these levels, why not just quit the day job and open up a mine? 80% profit margins!
That may be true, but we both know that many more factors go into the value of silver than just mining costs! Does gold cost about $1525 and ounce to mine then? Edited by Geardaddy
05/03/2011 4:48 pm
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New Member
Canada
37 Posts |
I'm doing what fenton said
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New Member
Canada
37 Posts |
guess I was not allowed to post a link to that vid sorry
Staff Comment: That video was absolutely filthy, don't know how you could possibly think it was even remotely acceptable.
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Bedrock of the Community
United States
10982 Posts |
Quote:
Silver costs about $8 per ounce to mine. If folks truly believe silver will stay at these levels, why not just quit the day job and open up a mine? 80% profit margins!
If you are anti-PM why do you keep posting? It costs $0.25 to make a toothbrush that sells for $5. Why not make toothbrushes with 2000% profit margins? |
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Pillar of the Community
United States
648 Posts |
Nice - I hope there is a price correction, my big coin show is coming up on 5/20! I even took a day off for it lol.
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Pillar of the Community
United States
685 Posts |
I helped my nephew file a gold mine claim in ID a couple years ago. Placer mine, a little color. I did not hang around to help him work it though because it is really hard work.
Even with a pump and some kind of auto sluice thing, it is really hard work. He quit it after a season. I don't think he lost anything, but certainly did not get rich.
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Pillar of the Community
United States
1817 Posts |
I would totally stake a claim if I knew there was a big hunk of gold waiting for me like the one Kagin sold a few weeks back. That was some scary hunk of metal. A pipe dream, but one can dream, eh?  Edited by Bizybackson
05/03/2011 5:36 pm
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New Member
Canada
37 Posts |
I thought it was vary funny.....like I said sorry fourms differ and I'm learning.
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Replies: 84 / Views: 8,053 |
First Page
Posted 05/03/2011 3:38 pm
