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 Replies: 27 / Views: 2,813 |
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Pillar of the Community
United States
3670 Posts |
Yes Mitch, to say I think like you is a big compliment to me as I like your views. We do often agree on issues, and have the same view it seems towards the gov, Pm's, and economy. Perhaps we think a bit radical and tend to assume the worse is gonna happen, but again I figure probably like you and many other wise posters here that it is better to be safe and most important of all PREPARED, than sorry....
Edited by Silverhawk74
07/16/2011 03:06 am
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Pillar of the Community
United States
1150 Posts |
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Pillar of the Community
United States
648 Posts |
In terms of a chart - SLV is one of them. I monitor this as I do follow some technicals & research, but it is not the main decision factor when investing in silver. Just a gauge and overall "picture" for me. As other members have mentioned, another gauge is Kitco which is the spot price and updated 24 hours. Good luck   |
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Pillar of the Community
1283 Posts |
I really like ASE, you will pay a premium for them but they are cheap and you can sell them anywhere. A good place to find silver/gold trends is ebay. You can see the trends in the prices people pay ASE's and other products up or down. For instance last week I was buying Eagles for $36.50-$40 shipped, this week you can't touch one on there for under $45. |
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Pillar of the Community
United States
3670 Posts |
As far as "silver trends", I think we look at silver as volatile, as it has never really been worth that much in the last 50 years. So anytime it takes a dip, it is much more noticeable and effecting to those who own large numbers of it compared to gold, and it seems it takes some time to recover, esp through the times of a flourishing economy. Up to this point anyway, but I think those days of ten and twenty years runs for silver fluctuating between 5 an 20 bucks an oz. are long gone, as supply, inflation, industry, and economy has changed the playing field....
S.I.I.E.=high priced Pm's lol.....
Edited by Silverhawk74
07/16/2011 3:18 pm
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Valued Member
United States
299 Posts |
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Valued Member
United States
302 Posts |
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Rest in Peace
United States
9104 Posts |
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Rest in Peace
United States
9104 Posts |
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Pillar of the Community
Canada
1502 Posts |
I must be among the few that think silver will not outperform gold in the 20-30 year run.
Read some interesting articles by David Morgan and Stewart Thomson that made a lot of sense. The gist is that eventually the reflation of gold and silver and the deflation of currency will reach an acceptable, or at least manageable, value. At this point, the price of the dollar - gold - debt will one way or another be locked against some combination of each other. Commodities will then fall, and silver will go down with it (not to say it will not climb high before the fall). Though a cynic at heart, I still don't see a SHTF scenario really happening. And, even if, gold will still hold its value against silver.
I also don't agree with "gold's too expensive." If I have $200 to spare I can buy me 1/10oz of gold or 5 oz of silver. At the end of the day it's still a $200 investment in PM either way.
The disclaimer is that I'm a science major and really didn't have a clue when I started investing in PM about 1 year back. Still looking up dictionaries when reading technical charts. My wife and I dove right in though, learned as we went, and in the year since bought and sold over 2000oz of silver and a bit of gold for about 10% return.
Very addictive, PM investing is.
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Rest in Peace
United States
9104 Posts |
Quote:
Silver will continue to increase in value, and that ratio between it and gold is gonna close in time back to what it had been for thousands of years.... Using the production as a way to calculate a ratio, look for a reverse of the numbers. There's already more above-ground gold than silver. |
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Rest in Peace
United States
9104 Posts |
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Rest in Peace
United States
9104 Posts |
Quote:
Still looking up dictionaries when reading technical charts. http://www.onelook.com covers about any dictionary you can imagine, including technical ones. |
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Pillar of the Community
United States
4008 Posts |
Quote:
Though a cynic at heart, I still don't see a SHTF scenario really happening. Well, that's just it. A true SHTF scenario is pretty much a huge Black Swan event. This means that it not only isn't predicted to occur but by its own inherent nature, it cannot be predicted. Preparing for a SHTF scenario is like buying insurance against a future unknown disaster. You might need that insurance and then again you might not. In the meantime, collecting PMs is a fascinating and addictive hobby.  |
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Pillar of the Community
Canada
1502 Posts |
Thanks! proved to be very useful already |
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Replies: 27 / Views: 2,813 |
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Posted 07/16/2011 11:52 am
