Opinion-Weakened Silver Prices Will Linger Into The New Year

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Author	Replies: 5 / Views: 1,310
biggfredd Rest in Peace United States 9104 Posts	Posted 11/24/2011 08:18 am http://www.wealthwire.com/news/metals/2259?r=1 Report this Post to the Staff

Freedom Pillar of the Community United States 526 Posts	Posted 11/24/2011 08:23 am I have to agree to an extent. Silver will more than likely continue its upward movement but at a much slower pace. $50.00 silver next year is in the cards, at least the high $40.00's. I have quit buying ASE and Maple Leafs because of the premium attached to them right now. While I do have my fair share of both, I am now buying five toz bars with a much lower premium and have started adding gold to my portfolio, not bullion nor GSE but Libs in any denomination. I think the older gold coins will do better than Gold bullion and look a whole nicer to the eyes. Report this Post to the Staff
mitchhailey Pillar of the Community United States 1150 Posts	Posted 11/24/2011 1:14 pm This guy is way oversimplifying the silver market. Yes, supply/demand comes into play here but it isn't the only factor. He didn't even touch DEMAND (silver eagles alone are breaking one sales record after another), big bank and market manipulation, fiat currency problems, etc., etc... However, I'll still gladly buy even more silver at these cheaper prices. Also, with the recent failure of Germany to auction off a significant percentage (35%) of government bonds, I'd look for increased instability in the Eurozone and a greater demand for the US dollar as a 'safe haven' investment. All of these factors will push silver and gold lower in relation to the dollar so that just means greater buying opportunities for all of us. That is, of course, until the Dollar timebomb goes kablooey. Edited by mitchhailey 11/24/2011 1:23 pm Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 11/24/2011 6:00 pm Quote: Also, with the recent failure of Germany to auction off a significant percentage (35%) of government bonds, I'd look for increased instability in the Eurozone and a greater demand for the US dollar as a 'safe haven' investment. I find it fascinating that there are still people out there who believe that ANY sovereign debt can be a "safe haven" from all the problems in Europe, Japan, and the US. Piling into US Treasuries is surely a sign of a group delusion. They are massively into denial at this point when they could be investing some of that bond money in PMs, the only true safe haven when the fiat currency and debt balloons pop. On the other hand, I am glad that they are not piling into PMs and thereby forcing prices higher. I am still a buyer and if the banksters want to play games with silver prices that result in us getting PMs at lower prices, then more power to them! Report this Post to the Staff
mmerlinn Valued Member United States 302 Posts	Posted 11/25/2011 01:15 am Quote: That is, of course, until the Dollar timebomb goes kablooey. And hopefully all of us have enough time to move a significant portions of assets into some form of hard money. Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 11/25/2011 7:07 pm Quote: And hopefully all of us have enough time to move a significant portions of assets into some form of hard money. As has been said before, "I would rather be a year early than a day late". As with other financial disasters, if the dollar does collapse, it is likely to be quite suddenly and with little to no warning at all. We will either be prepared for that event or we will not. While I do have most of my money in other investments, having 10-15% of one's money in PMs should provide some excellent insurance against both a dollar collapse and runaway inflation. Should such disasters befall us, it is very likely that the value of PMs will go MUCH higher than they are today. If they do, then perhaps the 10% we have in PMs will be worth more than our dollar denominated paper investments that get trashed. Report this Post to the Staff
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