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 Replies: 49 / Views: 6,413 |
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Pillar of the Community
Canada
815 Posts |
Quote:
We will see 15 dollar silver and 900 dollar gold before we ever see 30 dollar silver and 2000 dollar gold. Care to put a friendly wager on that? I propose one of our Canadian Maples for one of your Silver Eagles! by October 1st, silver will be at $28/oz or more, and gold will be at $1500/oz or more. Guarenteed. I am putting my money where my mouth is. |
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Pillar of the Community
Canada
838 Posts |
I remember people threatening to "back up the truck" at sub-$1400 gold.  We'll know we're on the up-swing again when the "trucks" disappear. Edited by bibd
06/21/2013 11:33 pm
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Pillar of the Community
Canada
1528 Posts |
if gold is less than $1300, I think I will start switching over from silver to gold... bullion wise... but I will continue to collect silver numismatic
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Valued Member
Canada
246 Posts |
Nobody can predict how the gold and silver will be in the next few months... Since the gold get up in value with the fear of the inflation rising up, the fear is going far less worse since the US Fed stipulate they will start to diminish their intervention on the money markey on buying back securities to maintain the market and keep the confidense of the investors and keep the interest lowest possible... Also, the US economy is better than expected and lots of people came back on the stock market... The refuge in the money market and gold/silver is much less interesting and lots of people escape it to put their money elsewhere...
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Pillar of the Community
Canada
746 Posts |
Quote:
if gold is less than $1300, I think I will start switching over from silver to gold... bullion wise... but I will continue to collect silver numismatic I would think the opposite is a better strategy since the ratio of gold/silver is about 65:1. Switching gold for silver makes better sense at this time. When/if the ratio drops below 40:1, that would be the time to switch from silver to gold.  |
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Pillar of the Community
Canada
815 Posts |
Allspicce, the problem is that silver is in a downward trend, and the slide hits an ounce of silver harder than an ounce of gold.
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Valued Member
Canada
451 Posts |
The annoying thing about all of this is that I still can't find cheap silver anywhere.
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Pillar of the Community
Canada
838 Posts |
 At times like this, everyone holding silver seems infected with the "I-refuse-to-admit-I-lost" attitude. |
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Pillar of the Community
Canada
933 Posts |
yep. silver still selling at more than $4 over spot at my dealers. Not cool to pay 20% premium.
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Pillar of the Community
Canada
815 Posts |
Lol, why would anyone that bought silver sell to you at a loss? Silver is an investment, a long term one. I laugh at buyers expecting to get silver at spot prices. All those silver maples being sold at spot..check ebay trends, silver hasn't gone down on bullion in terms of feet on the ground. 90 percent silver has moved with spot, but bullion is still selling in the $29-$35/oz range. As stated previously, this is a temporary glitch. $32/oz by October first, guaranteed. |
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Pillar of the Community
 Canada
685 Posts |
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$32/oz by October first, guaranteed. Is it October 2013? |
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Pillar of the Community
Canada
838 Posts |
Quote:
I laugh at buyers expecting to get silver at spot prices. I admit that I felt the same way about sellers wanting me to pay spot back in 2011! |
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Pillar of the Community
Canada
838 Posts |
Thing is, mining companies who dig up new silver can't sell for more than spot. Shouldn't that anchor the price somewhat? Some of you might recall I did a poll a few months ago at https://goccf.com/t/140301It was essentially a litmus test of CCF members' faith in market price of silver. I was amazed that 92% of people had no faith in the "truth" of current market price -- even to the extent that they would forefit spread to avoid booking a loss. Here is an important question: Will the hypothetical dealer who's selling for spot plus $4 agree to buy my junk silver at spot plus $2? If so, I'll make the deal and replenish at spot plus $1. Edited by bibd
06/26/2013 4:16 pm
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Pillar of the Community
Canada
815 Posts |
If those of us that bought when it was higher "lost", why do you want in now? If you believe that the price will increase than you can understand why nobody wants to sell silver to you. If you think it will decrease or remain the same, you are in effect admitting to stupidity.
There is no silver to buy, because nobody will willingly take the combined hit of the initial premium, plus the increased price. Who praytell has silver to sell you at $18/oz, when they bought it at $35/oz? You people are insane.
Edited by Anjohl
06/26/2013 4:41 pm
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Rest in Peace
Canada
1360 Posts |
They are also not 'selling' not for feeling foolish for buying high/selling low, but have faith (either real or imagined) that this 'low' is the glitch, and it is an opportune time to buy - as I believe - and sell high when the market returns to a more normal position. I too would never 'offer' my higher paid silver at now low bullion prices - that is just foolish. Without the crystal ball, we will all have to wait and see.
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Replies: 49 / Views: 6,413 |
First Page
Posted 06/21/2013 11:01 pm
