Interesting Day At The Old Coin Shop

agreed.....also still buying silver here and there (when I can afford to)...but if prices even hit 75-80 I may have to sell a lot of it....thats a nice profit in a very short time......but odds are if silver were to fall back to the 40's or 50's id end up buying back in haha just as explained by junior I'm all for stickin it to the MAN since he is so often sticken it to us and us not being able to do anything......BOUT TIME WE STAND UP!

Makes sense, sort of an informed gamble. Do you take some of your disposable income to the silver dealer each week, buy a bit each time? Or, are you going to take a big hunk of your savings, or your 401(k), and take the plunge? Just curious, sounds tempting when you describe it that way...

I just don't see it. There really isn't a good explanation for the current price of silver.
Production is soaring. (http://en.wikipedia.org/wiki/File:S...n_trend.svg)

Uses in photography and the medical industry, which accounted for almost 30% of the market a few years ago, have dropped to almost zero.

So, production is up, useful applications are down. Where is the demand coming from?
I say it is global fear of the current and continuing recession. As soon as consumers have confidence in the market, the silver bubble will burst.

That is a big "as soon as." A number of things need to line up for that to happen, and it won't be overnight. There is still worthless paper to be made investing in PMs. My 4 cents (inflation, thoughts cost more).

@junior_e: At what point does silver stop being the poor man's metal? What should an ounce actually cost, in other words? It all depends on the person, like you say you'd be happy with $100. For others it may be lower.

So junior_e, what are your thoughts on gold? For gold and silver are tied to the Federal Reserve, yet gold is at a high and still poking higher. Which one is in a bubble? Or are they both, or none? I think the solution is we have to stop thinking in terms of dollars and think in terms of ounces and tons of real things.

junior e
Very Well Put in your original post

I feel that silver is not in a bubble. The reasons behind that
feeling are as numerous as one can imagine.
Silver has been artificially manipulated down for decades
that is no longer just a theory it is a matter of fact.
(Proof of JP Morgan price suppression scheme coming to light
in March of 2010).
China becoming one of the largest importers of silver and gold
on the planet after decades of being a major exporter of gold.
And actually pushing their population to purchase gold and silver
This being a communist country where usual communist goals
are to keep the people from building ANY kind of wealth.
Today we have the ability to very easily communicate with each other
about these topics with people from around the planet.
and research all of them on our own. Whereas back in the 70's and 80's information only came from the nightly news and magazines
and hanging out at the local coin shop.
There has been a fundamental shift in the way and the shear amount
of information available to people and the speed in which
subjects are communicated. The do not have a monopoly
on information to shape opinions anymore.
Example: Tunisia,Egypt,Libya. Heck the whole Middle East
There are a number of States here that have voted in the use of
gold and silver as money again.
Yes silver production may be up but I do not think they have ramped
up to the point of re-supplying the planet yet.
every one of those little gadgets we carry around and can not
live with out (Cell Phones, I-pads, and the like) have a small amount
of silver in them that at current prices makes it un-recoverable
and it ends up in land fills and is gone. There is a story going
around that there is up to 500 ounces of silver in every
Tomohawk Missile, Not sure how true it is as to the amount
But even if is 1/10th of that amount it would mean that
there is 50 ounces of silver being blown to bits and unrecoverable
every time we let one of those off the chain.
And when we turn loose Tomohawks we tend to let them loose
in large numbers. And with just the toys we carry and the Tomohawks
we turn loose that is an awful lot of silver being being taken out
of the market to never return. On top of that with what I feel
is a fundamental shift back to gold and silver as money slowly
happening. As evidenced with China's actions along with
some of the States actions here in the U.S.
Not hear say or opinion but actual events taking place
I feel I should put this statement in my signature line
"I don't think silver is in a bubble,
I think it is just racing to find it's historical value
of 16 to 1 ratio with gold"

i like the idea of you guys saying silver will (possibly) keep going up to close in on the 16:1 ratio of gold to silver, but does that mean people will be able to still have a nice premium on the ASE proofs?....i sat around too long and never got my ASE proof collection that I wanted to make I bought some a month ago for $55 each.....if silver keeps going do you think people will still be puting hefty premiums on these kinds of coins if silver were to hit say 80-90 an ounce?....or will numismatic values be obsolete at some point when silver is so high that even proofs will be at melt value due to the high prices?
Just looking for everyone elses insight because when I bought the proof ASE's there was a $5 difference between a proof ASE with orignial box and COA verses a bullion ASE......either way I understand the prices will rise per coin my main question is that does anyone feel that the value gap between collector silver coins and straight bullion silver coins will close at some point?

Ever notice vehicles, mostly Fords, with pink windshields?

That's an ounce of silver between layers of glass. Put an electric current to it, and it will melt the toughest ice, edge to edge.

How do you recycle it? You don't. If it was an ounce of gold, things would be different.