Silver Down - Coin Community Forum

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Author	Replies: 6 / Views: 1,498
marcusm16a4 Valued Member United States 169 Posts	Posted 05/19/2013 10:51 pm Silver has plummeted in the last month.why is it getting so low? Will it go back up? * Moved by Staff to a more appropriate forum. * Report this Post to the Staff

yup7676 Pillar of the Community United States 3789 Posts	Posted 05/19/2013 11:18 pm please stop by my thread for a comprehensive and detailed view, updated everyday. Its there to help everyone out and get an unbiased view of where its going and what to expect. Report this Post to the Staff
JSH Valued Member United States 410 Posts	Posted 05/19/2013 11:35 pm Quote: Silver has plummeted in the last month.why is it getting so low? Silver has been in a downtrend since it peaked in 2011. Why? My opinion - the world economy is improving and big investors are moving their money from gold and silver back into stocks. The same thing happened after the big spike in the late 70's / early 80's. The following chart says it all really. Note that the chart ends in 2012 and doesn't include the massive drop so far this year. Quote: Will it go back up? The next time there is a massive global recession. Last time the price dropped and stayed down for 20 years. Edited by JSH 05/19/2013 11:39 pm Report this Post to the Staff
Doug58s Pillar of the Community United States 899 Posts	Posted 05/20/2013 11:16 am JSH - what happened in the 70's with silver was a bit more unique than the economy... the Koch brothers happened. I don't buy into the improved economy theory yet - in fact most numbers are still really mixed and I work in an industry that needs growth to improve and we aren't seeing it at all - it is still flat. Report this Post to the Staff
joecoin85 Valued Member United States 325 Posts	Posted 05/20/2013 11:43 am yes stock are doing well. Interest rates are down and inflation hasn't reared it's ugly head. Once the opposite happens, precious metals will go up. Report this Post to the Staff
silverwolf Pillar of the Community Canada 3733 Posts	Posted 05/20/2013 11:59 am i believe it was the Hunt brothers who tried to buy all the silver up.. Report this Post to the Staff
JSH Valued Member United States 410 Posts	Posted 05/20/2013 12:28 pm Yes, the Hunt brother's happened and added to the spike. The chart I posted is not adjusted for inflation. If you adjust for inflation the $50 silver spot price in 1980 would be $141 per oz today. Report this Post to the Staff
	Replies: 6 / Views: 1,498

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