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 Replies: 38 / Views: 3,392 |
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Pillar of the Community
United States
3670 Posts |
Told you all 35 was my gut feeling on max and 1800 on gold, and gold never got that....
Time to start the Thanksgiving/Christmas holiday trickle down eh....
If Romney gets the vote we all expect it to go down more right, the majority....
If Obama gets elected, well skies the limits perhaps even in the late year....
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Pillar of the Community
United States
5860 Posts |
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We won't, but panic buyers and buyers who think it'll keep climbing will be True, but Broken-Coin was talking about showing us pictures in case we wanted to buy anything when silver hit $50. |
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Valued Member
United States
141 Posts |
Dear Broken Coin,
We Want Pics
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Pillar of the Community
United States
2335 Posts |
I have to apologize for not warning ya'll. I sent a batch of scrap sterling to the refiner Friday that arrived around lunch time today. Every time I do that there's a drop in the spot price.
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Pillar of the Community
United States
1450 Posts |
Ahhh...,so YOU'RE the culprit! I think we need a "CAUTION:I AM ABOUT TO BUY/SELL SILVER" thread so we all know when the spikes and drops are going to come.  |
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Bedrock of the Community
13014 Posts |
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True, but Broken-Coin was talking about showing us pictures in case we wanted to buy anything when silver hit $50. I missed that part, without some numismatic value to those coins as well I could think of a lot better ways to spend time then trying to sell the board $50 dollar silver |
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Pillar of the Community
 Canada
1723 Posts |
Told yas it would rebound.  Depending why and how and how long we were at $50/oZ I WOULD BE BUYING! Edited by samsnate
09/24/2012 7:27 pm
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Pillar of the Community
United States
1812 Posts |
It's 2:30 AM now and a bit late for photos. There are quite a bit of photos, should I just start a new thread (in about 12 hours) and post the photos there. Others can also post what they would sell for spot if silver goes back to Fifty Dollars a ounce...
p/s ~ they are not your common heavy circulated mid 20th century 90% silver crap/coins
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Pillar of the Community
United States
3670 Posts |
Well I thought we were heading back down, but for now silver an gold are being very stubborn over 34 and 1770 eh....
Who knows again that start of the week dollar plus drop, may just be more fake fluff/mind games to shake loose the weak hands, esp in the paper market side of things....
If it keeps climbing an passes 36, I think 40 per oz. and 1850 are on there way next....
Edited by Silverhawk74
09/25/2012 10:49 am
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Pillar of the Community
United States
1812 Posts |
I hope to post the silver coins I had set aside for that $50 spot mark... I guess I should have mentioned that the coins are collectable, and not really junk, but that there comes a time when the spot values comes close to the numismatic value (as in the early 80's) [special thanks to the Hunt brothers], and if you were going to sell your silver for near numismatic value, that would be the time to sell...
(hope to have the post up by nights end)...
In the meantime, others may want to view what they have and post what silver spot would have to be for them to let go before silver drops...
I have a personal belief of how the PM Market will act by years end, but DO NOT want let my politics that guide this view...
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Pillar of the Community
United States
1812 Posts |
My last sentence should have read,
"I have a personal belief of how the PM Market will act by years end, but DO NOT want let my politics that guide this view be posted on any internet forum"
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Pillar of the Community
United States
4008 Posts |
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We saw a similar spike in the late 70s early 80s and sure enough it eventually went away. Yes, we did, BB. On the other hand, the price of PMs depends greatly upon the strength or weakness of the US dollar and it is HIGHLY unlikely that we will ever see the US dollar as strong as it was 30+ years ago. Government and Fed policy favors a weak dollar, as governments and central banks around the world engage in a mad race to the bottom in currency values. Apparently, they are unaware that Zimbabwe has already won that race.  |
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Bedrock of the Community
13014 Posts |
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Government and Fed policy favors a weak dollar, as governments and central banks around the world engage in a mad race to the bottom in currency values. Thats true, but thats nothing new. Its always been a balancing act as to not have to strong a dollar even in the best of times so it didnt kill our exports. Honestly I see a civil war happening before we end up with inflation that salaries dont keep up with. Japan has massive inflation and does alright, you just have to have salaries keep pace. But if history has taught us anything its that you can only have massive divides for so long and the current divide and conquer politics have put us on a path where no one wins in the end. All great societies have had civil wars about every 150-200 years and well you can do the math. Dont get me wrong were not on a solid path right now, but its recoverable. Most of the doomsday situations of debt being called in or world currency switching ect would hurt other countries just as much if not more than us so for the time being they arent a real threat unless someone like Kim Jong Il gets power in China |
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Pillar of the Community
United States
4008 Posts |
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Most of the doomsday situations of debt being called in or world currency switching ect would hurt other countries just as much if not more than us so for the time being they arent a real threat unless someone like Kim Jong Il gets power in China Yes, we do need to keep in mind that there are true zealots in this world who have a religious, social, or political agenda who do not care one bit about money or profit. Communists are a good example of this. If China could replace the US as the world's top dog, even at the cost of every dollar they own, they would pay the price with a BIG smile on their faces. If Iran could take over the entire Middle East, even at the cost of a devastating war, it is entirely possible that they would do so. We must be careful not to assume that our motives, whatever they might be, are the same as their motives. Not saying that anyone here is doing that but it is something to watch out for. |
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Bedrock of the Community
13014 Posts |
I agree with Iran if they could they would, but as of now they know it would just cost them their power they covet. China on the other hand does care about their economy. If they did anything that cost them their economy it would eliminate any chance of them being top dog. They are actually moving more towards capitalism than we are at the moment to increase their cash flow. Theyll do underhanded things and test us all day long but they wont risk their economy with their actions. Theyve learned from the USSR if they go down the toilet so does their power. Besides right now they see us downgrading our military while they build theirs up. In there mind they probably also know they can just wait it out and its only a matter of time before their military is bigger
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Replies: 38 / Views: 3,392 |
First Page
Posted 09/24/2012 2:06 pm
