| Author |
 Replies: 86 / Views: 5,938 |
|
Valued Member
United States
392 Posts |
what do you all think the future for silver is? prices going up more or is it going to level off and come back down?
|
|
|
|
Valued Member
United States
60 Posts |
If the economy continues it's current path and the value of the dollar continues to decrease, silver won't go anywhere but up (at least in relation to the USD).
|
|
Member
United States
3242 Posts |
 If make it to $25.00 it wont fall back to $5.00 to many of our toys have silver in them like cell phones & this CPU. |
|
Pillar of the Community
United States
4867 Posts |
In my opinion, I feel silver right now has some explosive growth potential given the poor state of our economy. People will buy to hedge against inflation. The other metals will do extremely well also. I think its a safe and sound investment. Right now as I type this, silver is trading at $18.11/oz.
Edited by TheForce
02/26/2008 09:08 am
|
|
Pillar of the Community
United States
6326 Posts |
Keep in mind too that China is in process to becoming the next big Superpower (in time, maybe the largest the worlds ever seen in history!) As scary as that is, it could/will affect the worlds prices on EVERYTHING ! In my business, they affect the steel market drastically, because they're buying "the worlds" steel supply and that makes it more expensive and harder to get here. I just wonder and think it could affect many many many things that we can't even imagine right now............ for good or bad, China will have a lot to do with a lot of things in the future
|
|
Pillar of the Community
 United States
5953 Posts |
Hey Guys the IMF is going to flood the Gold market in the next couple of months.. I would not be surprised to see Gold drop several hundred dollars and where gold goes silver follows even is at a different rate.
Don't mean to scare you all but you should really keep up on the news if you are going to play the metals market.
|
|
Valued Member
United States
130 Posts |
Let them flood!
I will buy up as much gold and silver as I can.
Our monetary system is doom to failure.
History is a great teacher if we only listen to her.
Edited by MarkJ
02/26/2008 12:27 pm
|
|
Pillar of the Community
United States
6326 Posts |
Well, it's ALWAYS a roller coaster ride that's expected and probable ! But I buy numismatically for LONG TERM FUTURE reasons......not to make money for the here and now.......so although it's nice to see it up so high......Hey.....38 years from now I'll be more interested or 263 years from now when my reletives in the family tree have my gold and silve coin "investments" !
And actually........ I HOPE IT "DOES" DROP DRASTICALLY IN PRICE SO THAT IT'S CHEAPER FOR ME TO BUY ! It's so dang pricey right now !
|
|
New Member
United States
32 Posts |
If you look at the historical data from the last 25 years you'll see a rhythm of highs and lows, it's cyclic. Gold has been artificially high like this before and it always normalizes. But the plateau price continues to drift upward. Also, in times like these with economic and political uncertainty prices always spike upward. In a year I expect to see gold and silver well below what they are today, but a little higher than they were before the up surge.
|
|
Valued Member
United States
130 Posts |
I do not see that at all.
I see Silver and Gold climbing to record highs over the next year or two. I see no end to our irresponsible banking system continuing to devalue the dollar. Therefore, silver, gold, platinum will all just keep going up.
This is not like any other time in history since we left the gold standard. It is far more ominous than even the mid 1970's. It harkens back to the late 1920's. IMO.
|
|
Pillar of the Community
United States
5318 Posts |
Silver may be propped a bit by the strong Euro, and those hoping it will be a hedge against the dollar. All things being equal, I'm going to call the current silver/gold rally another speculative bubble. Before we cite demand in China or India as a fundamental grounding for current prices, consider that a significant commercial use of silver is waning: the one for film and other photochemical processes. I don't claim to be right on my call...it's just a gut thing from seeing previous market cycles. From what I've seen, many people are way too excited about silver/gold prices and that typically takes on a life of its own--and those buying metals listen to their crowd for their investment advice, without a balance of contrary data. People caught in these frenzies have a hard time calling the top of a run, and some end up "holding the bag" when the hoarders decide to sell. Just a caveat here--not investment advice. For the record, I don't own any significant amounts of bullion or interests in metals.  Edited by KurtS
02/26/2008 3:15 pm
|
|
Pillar of the Community
United States
4867 Posts |
Nice jump for silver so far today. $18.11 this morning and now its at $18.71 this afternoon!
|
|
Valued Member
United States
328 Posts |
I both want silver to decline (so I can buy more silver) and for it to climb (so I can sell it). I think, though, that it will go up, and that it won't come down any time soon. Same with gold. Platimun is shaky, and I can see it jumping up and down in the future, just like it always has.
|
|
Valued Member
United States
130 Posts |
Only wish I had bought lots of platinum last year!
I wasn't even aware of this stuff last year. I heard the radio commercials about investing in precious metals for years but I have been raising three daughters so money was never just "laying around" to invest in anything.
Now I am just buying $30-$100 per week in silver now as a savings account.
|
|
Valued Member
United States
328 Posts |
Extremely precious metals (platinum, rhodium, palladium, etc.) will always have their ups and downs, so be sure to invest when possible.
|
|
Pillar of the Community
United States
533 Posts |
There isn't near as much 'buzz' about gold and silver as there was during the early 80's when it spiked. When the bartender at your local bar is showing you the bullion that he bought, and everyone seems to have some, even people that know nothing about the market, that is the time to get out. Yes, the price will fluctuate but it will continue in an upward trend for a while. Will we ever see gold at $300/oz again? I really doubt it. $500? Possibly, but I think that you will see $1500 first.
(and if you adjust for inflation, the all-time high for gold is almost $2000/oz, so we have a long way to go before we reach the actual levels that were seen in the early 80's)
|
| |
Replies: 86 / Views: 5,938 |
Posted 02/26/2008 08:49 am
