Which Will Silver Hit First, $25 Or $40?

Well, since I bought some at $33, I guarantee it will be $25. I am the kiss of death!

Central bankers around the world continue to create fiat money by the truckload. $40 is more likely than $25, although a dip to $30 wouldn't be surprising.

I voted $25.

I still feel like PM will drop after the election. It does not matter who wins, it is the fact that the doom-and-gloom craziness of campaigning will be over. But I also feel like this effect will be short term and silver will be up again.

Of course, the drop might not go all the way to $25 and $40 could still come first.

Last year when silver hit $48.48 a ounce in April 2011, I removed some collectable silver from my collection that I was willing to sell at spot should silver reach $50.00 a ounce... I called this my "Not So Junk, Junk Silver" and have been wanting to post photos (many Silver Dollars included), and since I have done this Silver continues to drop...
I'm also holding over 100 ounces of my Sisters silver to sell when the local p/m buyers are paying $35 a ounce... Last month I visited one p/m buyer that only offers 70% of spot, way too low as I used to pay 85%+ back when I could afford to purchase in bulk.

I know I voted $40 before....I'm wondering if I was wrong. I really didn't think that below $29 was going to happen. Every catalyst that would normally boost silver up has done nothing for it. Fundamentals out I guess... My new plan is to soil myself, regroup and come up with a new plan. I've just been sidelined since I cant even to begin what to do now other than a sit and hold. Not sure of the best time to get going again. I do feel this is a good price though. Anything under $30 seems to pretty decent.

I'm starting to think it's just going to hover around $29 forever at this point...

To be honest, I no longer really care. I am buying for the long term, to either have something I can hand down to my son or else sell off in my retirement years if necessary. I see that day as being at least 20-30 years down the road. And the purchases I have made over the last couple of years have pretty much gotten me to the amount I feel comfortable owning -- kind of the butter zone between not having enough to make really a difference if the price were to hit $40 (or higher) and having so much invested that I would be crushed if prices ever dropped below $25 and stayed there.

I just think it will stay right where it has been. Seems the prices have 'something' other than demand in charge. As an aside, in reading through this thread I noticed EdB posting. He used to regularly post in this section and I don't see any posts recently. Does anyone know if he's ok?