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 Replies: 43 / Views: 4,259 |
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Pillar of the Community
United States
667 Posts |
It is nice to see Silver currently at $40.64. I remember a few months back when some forum members were quick to sell theirs at around the $24 level. Of course they made money since they bough it at between $8 & $15.
I was different as I choose to make large investments in the silver market though the price was what I consider high. The gamble has paid off since my return is about equal to what they got when they sold.
Now the real gamble is do I hold out a little longer. Do I still buy? I did buy a few weeks back and never though I stood an opportunity to make anything but well I am glad to say if I sold it today I would still make a dollar an once after fees.
My gut tells me it will reach $50 so my buying threshold right now is $45. However something deep inside me tells me it will reach $90.
They say Silver is not an investment because of the type of market and no dividends. However it is very hard to ignore the sizable profit that can be realized from Silver that I just bought back in September and October.
I have never doubled my money in anything in under 6 months until now.
Then again I could wake up on Monday and loos all the gain that I am so very happy with today.
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Valued Member
Canada
442 Posts |
^indeed.
It is getting harder to pay for 1 oz maples, even though in the back of my mind, the REAL correction of silver still has a fair ways to go.
I think the important thing is to have a good exit strategy, whether its to trade in for Gold, real estate, or pay off your debts.
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Valued Member
United States
307 Posts |
I just spent about $650 on ebay so I need to sell a bit in the near future. I'm going to at least hold out until Monday. |
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Pillar of the Community
United States
1126 Posts |
MKFARM My gut tells me it will reach $50 so my buying threshold right now is $45. However something deep inside me tells me it will reach $90.It is a good thing to trust your instincts  Historically the Gold/Silver ratio is I believe if memory serves me 16 to 1 at the historic ratio Silver should be about 92.00 an ounce After years of Jp Morgan Chase and other large institutions manipulating the silver market to artificially suppress it. And getting caught red handed doing it. And stock paper pushers going on tv shows and doing their level best to convince people that Gold and Silver are worthless and paper has value. People seem to forget that Gold and Silver have been money for thousands of years. Not Debt Paper. I think Silver is just racing to catch up with itself.  |
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Pillar of the Community
United States
3670 Posts |
About to break 41, this thing is just getting started, and Vinny I have 42.44 guess for the end of the month;-), starting to look like I may have under guessed, lol. Right with you brother, I am gonna get out my stocking as well and fill it up with silver and hang it over the fireplace....
Surely it will dip a bit when all the new peops selling, but it will go right back up again. Two steps forwards, one step back, we come together cause silver an I attract....
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Pillar of the Community
 United States
592 Posts |
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I think Silver is just racing to catch up with itself. Absolutely agree. There is No comparison to what happened in 1980. |
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Pillar of the Community
United States
3670 Posts |
Even when silver slides a bit now, I compare it to the poor guy trying to beat the point spread, trying to get back to even, and he is almost there, and that last game, last second shot, now he finds himself down further than when he tried to dig out....
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New Member
United States
8 Posts |
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Pillar of the Community
United States
4778 Posts |
Hey, now that silver's past $40, how much would the 2009 territories silver proof set cost, in its silver content alone?
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Pillar of the Community
United States
592 Posts |
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Pillar of the Community
United States
4778 Posts |
Ok thanks I got it: $44.28
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Pillar of the Community
United States
4008 Posts |
Quote:
I guess it begs the question, is silver going up? Or is the USD going down? - Vinny Well, look at it this way, Vinny. In every measuring system there is, something HAS to be THE standard. Although there is no official standard for currencies any longer, we can set gold or silver to that position if we choose. Since they are our standard, they cannot go up or down. All apparent price movement is really nothing more than the rising and falling of the currencies. Don't know if that makes a lot of sense but it does to me, so I use it.  Looked at in that light, silver is still a buck and a paper dollar is 2.5 cents. Gold would be about $37.50 an oz.  |
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Pillar of the Community
United States
4008 Posts |
Quote:
We're in a dollar bubble. - Westsea A dollar bubble? Holy cow, man! The dollar looks more like a prune than a bubble... all shrunken and withered. If it was in a bubble, we'd still be seeing the Euro at $0.87 and not a buck fifty. |
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Pillar of the Community
United States
4008 Posts |
Quote:
And stock paper pushers going on tv shows and doing their
level best to convince people that Gold and Silver are worthless
and paper has value. - Stewart Never ever underestimate the value of paper, my friend. As we all know, every outhouse needs some! |
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Pillar of the Community
United States
4008 Posts |
I just got an email from the boys-n-girls at APMEX today, confirming the shipment of the roll of ASEs I ordered on 3/31. I won't even get them for a few more days yet but they are already up nicely in value. Wah-Hoo!  |
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Posted 04/08/2011 3:16 pm
