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 Replies: 22 / Views: 2,584 |
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New Member
United States
15 Posts |
I have seen alot of different speculation about silver. Do you think we could ever see a spike again like in the 80's? Any predictions by year's end? It will be interesting to see who was right about a prediction.  |
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Pillar of the Community
United States
954 Posts |
Welcome!! No predictions from me, my crystal ball is broken....  |
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New Member
 United States
15 Posts |
Thanks for the welcome.
Any thoughts?
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New Member
United States
23 Posts |
It all depends on Buffet, Blu-ray disks, and how dead the film industry is. My Guess? it'll go up unless Buffet sells, if he's out already, it can only go up. If it keeps up with inflation is anyone's guess.
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Pillar of the Community
United States
1984 Posts |
Up, but I doubt we'll see the great spike up to $50+ anytime soon.
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Pillar of the Community
United States
834 Posts |
It is my opinion you will never again see what the Hunt brothers tried to do in the 80's. You might see silver get to $20.00 in the next ten years however I will be in my seventies by then and don't think I will care one way or the other.
Bruce.
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Bedrock of the Community
United States
14454 Posts |
I agree that the 15.00 hump is hard to get over because everyone that bought in the 60's when it was 1500 an ounce starts selling off what they have just so they won't lose money and it never makes it above that hump. I think it will take a few years to ever make it over that hump but once it does we may see fast moving prices for silver but like I said I don't think that will be anytime soon. I bought a few hundred ounces when it was at 7.50 but I sold most of it when it hit 14.70 this last time, I figured almost doubling my money within a year was pretty good but I wouldn't be buying allot of it now hoping it will double anytime soon
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Pillar of the Community
United States
2443 Posts |
I think silver will either stay consistent or fall down a little. I personally don't think it's an good investment. I also don't think that gold is an good investment right now, because of the high prices.
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Pillar of the Community
Australia
1091 Posts |
I'm just guessing here.
The dollar value for Silver also depends on the value of the dollar. My understanding is that the US economy is not going real well and the US government is getting itself into a lot of debt. I suspect they will just print more money to get out of debt and that the value of each dollar will be worth a lot less.(Inflation). Therefore many more dollars will be required to buy silver in the long term.
That's my guess of the future.
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Pillar of the Community
United States
2443 Posts |
The US has always been in debt, and that's good for the economy.
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Valued Member
United States
306 Posts |
I remember around the late 70's/early 80's that Omni Magazine (which a sorely miss) said that silver would skyrocket. Their theory was that space exploration equipment would need lots and lots of silver. They even mentioned gold would have a jump as well, but smaller.
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Valued Member
Ireland
498 Posts |
I dont know others bankers and economist may give light for their are many topics about metals in other forum from time to time.
For me metals are stable as I observe in the news and going from one forum to another if the currency and the economy is stable as long as that system is in place,and the metal rise when the economy is unstable to where the point both of them ends or splt I dont know,It might goes to the trade of one country for its additional income and trade is by product and production, by production needs something to generate OIL but needed to buy it among other expense from trade deficit among other things that a country needs.
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New Member
United States
15 Posts |
Thanks everyone I was curious as to what others opinions were.  |
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Pillar of the Community
United States
2600 Posts |
I'm not sure if silver will ever be able to separate itself from the apron strings of gold. Until it does, simple predict golds course and you will have a strong idea about where silver is going. There are many factors that should effect silvers price independent of gold. Everyone talks about the loss of silver consumption in the film industry, in fact, much of the silver used was recycled. Consumption still leads production, and even with new mines coming on line, many of the old high producing mines are playing out. Jewelry still drives consumption and consumer demand is on fire on the Pacific rim. I recently read a article about silver being the jewelry of choice with younger people. Price and the impression that gold is an old persons jewelry is shifting their buying trends. I personally would be bullish on silver except for it's link to gold.
Jim
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Valued Member
United States
397 Posts |
quote:
The US has always been in debt, and that's good for the economy.
That is similiar to what my dad, a retired banker used to say. "It is good people are in debt, it keeps them working and the banks in business" MM  |
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New Member
United States
15 Posts |
I would have to agree. I had 20-30 extra Silver Eagles from my sets and was trying decide whether to trade them for different coins I neaded (indian heads and such) or to just sit tight on them. I purchased them around the $12.50 mark and have been flopping back and forth about it. Looks like I will trade them, I have been offered a $1.00 over spot. Thanks
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Replies: 22 / Views: 2,584 |
Posted 05/29/2007 9:24 pm
