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 Replies: 24 / Views: 3,602 |
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Pillar of the Community
 United States
2448 Posts |
Actually, the $ is looking good against the European currencies. PMs may fall a while. Lets see what Greece and Italy do.
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Valued Member
United States
425 Posts |
Well back to Ron's original question...... I do not see Silver "skyrocketing" anytime soon. I was looking at some of my silver the other day, I have some Aussie 1oz "year of the" coins and they still have the price tag of $12.95 and $15.95 on them. It's that slow steady rise, not like Gold at all. I also dont think that the new Tech uses of Silver/Gold is what is driving the price up....... its the fact that for the first time in modern history the people of India and China are now buying Gold/Silver not just mining it and shipping it out! Mmerlinn gave us a ratio of Gold vs Silver chart about two weeks ago. I think that is the way you make money on PMs right now.
Becareful what you get into folks! I was in my local coin shop today, owner was talking to a lady that had come in end of last week and bought a LARGE sum of Silver. When she saw Silver drop to $32oz yesterday, she stopped payment on the check! Now she will have to throw away all that money on a lawyer!
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Pillar of the Community
Australia
7096 Posts |
Don't you just hate people that reneg on a deal. When I do a deal I use the deal is a deal no matter what. Win or loose, if you make a deal you have to live with it.  |
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Valued Member
United States
302 Posts |
Obviously that lady 1) has never been taught integrity, 2) is trying to get something for nothing, or 3) is a crook. No matter what, I hope the coin dealer cleans her clock. She needs to learn a lesson.
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Pillar of the Community
United States
4008 Posts |
Quote:
Don't you just hate people that reneg on a deal. Yes, I do. In this case, I pity this poor woman. Obviously, her life is ALL about her. It has not occurred to her that what she did is no more honest than if the dealer were to say that silver is up since you ordered it, so I'll either have to raise the price or cancel the order. There is an old saying about "people wrapped in themselves make very small packages". She cares little for others and keeping her word has no meaning at all for her. I was raised to believe that a person's word was one of their most important assets and that, once agreed to, a deal is a deal. No one can take our word from us or dirty it up. Only we can do that ourselves. |
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Pillar of the Community
United States
2448 Posts |
Regardless of Ron's original question, the real driver of silver prices will be the currencies. Silver jumped a buck and a half today on the uncertainties of the euro in regards to Greece. Lets see what it does after the referendum.
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Pillar of the Community
United States
4897 Posts |
^ yup! Also interesting to see what happens here. Uncle Ben is taking the wait and see approach. isn't inaction just a cowards way of acting? Seems to me nothing is gonna change in the near term, at least on the home front.
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Pillar of the Community
United States
4008 Posts |
Quote:
... the real driver of silver prices will be the currencies. Indeed so. Unfortunately for the long-term health of most fiat currencies, governments around the world, with only a few exceptions, are awash in debt that will be very difficult, if even possible, to repay. At some point this will cause a lot of problems for the values of these currencies. US dollars, for example, can be seen as shares of USA Inc. As the debt and the number of dollars continues to expand, each dollar will continue to become worth less and less. |
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Pillar of the Community
Canada
1502 Posts |
Hope it falls a bit more so i'd have a chance to buy back the hoard I sold!
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Replies: 24 / Views: 3,602 |
First Page
Posted 11/01/2011 10:29 pm
