Silver Prices About To Skyrocket?

numismatic industry - could care less I am a speculator of bullion.

loses - never personally took a loss ever on silver. You have to sell at a loss to have a loss, why would I ever do that. If you have to sell and take a loss then IMHO your in the wrong market. For example PM's are not my emergency money way to risky for that.

price shouldn't even be this high - interesting though many people have come out saying this over the past year. Of course we also have those that say it should be over $50 too.

I feel the $25 - $35 range is the correct range for this market period. I can't really tell you if it will hit higher or lower but I am speculating that it will reach higher.

I don't know where we are going, silver could tank and be in the teens for years to come. On the other hand it could rise and make me a wealthy person. If you can sell at a profit at any time in this market you have won in this game.

A little over a year ago a friend of mine had come to the conclusion that $20 was about as high as silver would go. He sold it all making him some very nice profit gains. In his book he had down very well. In my book he missed the gains of a life time.

We talked about his selling of his silver. He told me his gut told him silver was going to drop and from what he was reading it told him silver had hit a high level. He sold it while he could make some nice gains. Had he had some more risk tolerance he could have made double his money.

On the other hand he could have been right and not have done as well.

"The intrinsic value of silver never changes unless there is a change in uses for silver. Case in point is photography. Hardly used there any more, so the value in photography is essentially zero which has a bearing on the overall intrinsic value of silver"

I point this out often here Mmerlinn, as I once worked a film lab from 2002 to 2005. We did millions of images a year, esp in school season an holidays, and the same names of 8 or 10 photographers would come into my film scanning room, less an less as digital became more practical. I ran a film scanner, which is basically a machine that scanned film on rolls, and converted those images into the system, so it could later be cropped an printed. Interesting time there in the film world, as it was a real transitional period....

When I worked there, one of my lifelong friends who still runs the digital department there to this day, took me on a tour once of the machine which collected the gold an silver form the film developing center. It came out looking like black coal. Still to this day, my friend I mentioned also has a wife who is the accountant for same lab. Every quarter she sells the silver they collect, an believe it or not, about 25% of the work they do, is still on film. So photographers are set in their ways my theory, etc. I recall her telling me they sold the silver trap for 120 grand back around spring of last year....

What does your theory tell you is propping up the US dollar? Considering the abysmal skill with which the dollar is managed by the Fed, one would think that the dollar almost HAS to decline over time. In fact, I've been watching it do just that for 50 years. As it does, PMs will move higher. Silver was cheaper way back when but that was before the world became awash in debt and cheapened currencies.

Actually, the $ is looking good against the European currencies. PMs may fall a while. Lets see what Greece and Italy do.

Don't you just hate people that reneg on a deal.
When I do a deal I use the deal is a deal no matter what.
Win or loose, if you make a deal you have to live with it.

Yes, I do. In this case, I pity this poor woman. Obviously, her life is ALL about her. It has not occurred to her that what she did is no more honest than if the dealer were to say that silver is up since you ordered it, so I'll either have to raise the price or cancel the order. There is an old saying about "people wrapped in themselves make very small packages". She cares little for others and keeping her word has no meaning at all for her.

I was raised to believe that a person's word was one of their most important assets and that, once agreed to, a deal is a deal. No one can take our word from us or dirty it up. Only we can do that ourselves.

^ yup! Also interesting to see what happens here. Uncle Ben is taking the wait and see approach. isn't inaction just a cowards way of acting? Seems to me nothing is gonna change in the near term, at least on the home front.

Hope it falls a bit more so i'd have a chance to buy back the hoard I sold!