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 Replies: 338 / Views: 21,554 |
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Valued Member
United States
302 Posts |
Quote:
Silver is projected to drop down to about 5 dollars an ounce. I would love to see it back at $5. Not because I want to buy it. But because if it did get back there, the economy, unemployment, and every other indicator would show that the U.S. has bypassed most if not all of the negative prognostications by me and many others. In other words, the "good times" would be back until another corrupt government got in power. However, I refuse to hold my breath because I don't see that happening at any time in the near future (read that as any time during the rest of my life). |
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Pillar of the Community
United States
2168 Posts |
Yes, I too, have said similar. If silver and gold go down it doesn't matter to me since then all should be well in the country. The only odd thing was when everything was going down a few weeks ago so did PM so that was weird. Time will tell.
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Pillar of the Community
United States
2168 Posts |
I am just wondering how suppy has been for you all since some online sites are out of stock and I had heard that local prices hadn't come down to reflect spot. Just wondering! I have had no problem locally where I have purchased over a year
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Pillar of the Community
United States
4008 Posts |
Quote:
Silver is projected to drop down to about 5 dollars an ounce. What would be useful would be a thorough explanation of what it would take in the US economy to make this happen. Clearly, if silver were to drop to $5, something terrifically good would be happening... but what? One can only imagine. Maybe it would be a US dollar that suddenly becomes 6x more valuable than it is now? Hmmm, no, probably not too likely. Failing that, how about a new silver strike that makes the Comstock Lode look like a bit of mine tailings? Now that could easily affect the price of silver. Unfortunately, these prognosticators seem to be short of explanations of just how such a dramatic change would be caused. My thought is that if anyone really believed that this is likely, shouldn't they be "all in" on some sort of leveraged silver short? If they are not, then perhaps they do not have the courage of their convictions.  |
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Pillar of the Community
United States
2168 Posts |
Just wondering what type of regulations any have on buying PM at local coin shops. I just heard of a fairly new law in LA that regulates sales with cash (can't use for second hand items) plus sends info to law enforcement. We can go and buy with cash no problem
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Pillar of the Community
Australia
518 Posts |
Great time to buy round fifties if your in Australia :)
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Pillar of the Community
United States
4008 Posts |
What's a "round fifty"?  |
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Pillar of the Community
United States
667 Posts |
$5 a once what a nice dream that would be. I would love to see those prices again.
However I just did the crazy thing and bought a nice supply of Maples for $35.84. I was hoping to get into the $20 with my next purchase but the price just will not drop, so maybe next time.
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Rest in Peace
United States
9104 Posts |
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What's a "round fifty"?
$20, same as downtown.  Gewgil to the rescue: The round fifty cent coin was made of 80% silver and 20% copper, |
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Pillar of the Community
United States
4008 Posts |
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The round fifty cent coin was made of 80% silver and 20% copper. Interesting. Didn't the Canadians mint some 80% silver halves and dollars as well? |
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Pillar of the Community
United States
4008 Posts |
Yes, I am buying. Just ordered 4 tubes of Maple Leafs from APMEX last night. These are my 1st Canadian coins. I like their look and had been planning to get some for some time now. They seem to be priced about $2.50 or so less than ASEs at the moment.  |
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Pillar of the Community
Australia
518 Posts |
The Australian round fifties were trading at $15-$20 now trading at $8-$14, might but a few.
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Valued Member
United States
154 Posts |
Have you noticed that gold and silver, while nearly doubling in price since last year, have basically stabilized and have not precipitously dropped (as the stock market has swung wildly over the past six months)?
The reason is demand. Both Brazil and China are now major purchasers of gold and silver (along with India, Korea, and Germany). You will never, let me be very firm in that, you will never see silver at five dollars an ounce again. The world wide demand for the metal has increased so greatly that America has fallen to fifth place in terms of market purchase.
As affluence spreads to South America and Asia (both China and India), the demand for silver... any silver... will go up and not down. Also, the demand for choice coins will chase those values, more for their numismatic interest, as collectors from many nations will compete to own coins from the US Mint.
Gentlemen, you sitting on a gold mine... literally.
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Pillar of the Community
United States
4008 Posts |
Quote:
Have you noticed that gold and silver, while nearly doubling in price since last year, have basically stabilized and have not precipitously dropped (as the stock market has swung wildly over the past six months)? I have noticed that both silver and the US stock market have gyrated pretty wildly over the past year or so. In fact, silver has been more volatile than the stock market on a percentage basis. Not too surprising, though, when you consider its very small size and the fooling around that is done with it. Quote:
The reason is demand. Both Brazil and China are now major purchasers of gold and silver (along with India, Korea, and Germany). You will never, let me be very firm in that, you will never see silver at five dollars an ounce again. The world wide demand for the metal has increased so greatly that America has fallen to fifth place in terms of market purchase. I would agree with this. In fact, the Chinese official government policy is to encourage their people to buy physical silver. I find it amazing that the "capitalist" US government does not do the same. Quote:
As affluence spreads to South America and Asia (both China and India), the demand for silver... any silver... will go up and not down. Indeed so. Demand for high-end electronic devices and solar panels will also rise in many places around the world, further increasing silver demand. Quote:
Gentlemen, you sitting on a gold mine... literally. I knew a gal in college who claimed that. As it turned out, she was right.  |
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Pillar of the Community
United States
4008 Posts |
As to buying...
Stopped in at a (new to me) local coin shop today to browse their wares and found 5 very nice ASEs for sale, so I bought them for my growing hoard. They were $34.50 each, so not too bad a deal. They even threw in a free coin tube for storage.
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Replies: 338 / Views: 21,554 |
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Posted 10/14/2011 01:06 am
