Silver In The Future? - Page 2 - Coin Community Forum

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Author	Replies: 22 / Views: 2,587	Page: of 2

Rigoletto Valued Member United States 287 Posts	Posted 05/31/2007 6:03 pm I know this is soooooo mean, but I have been watching and hoping that silver plunges so I can afford to buy some. lol Report this Post to the Staff
scmoore61 Valued Member United States 487 Posts	Posted 06/01/2007 4:43 pm My prediction is $42 an ounce with in 3 years. Report this Post to the Staff
trdhrdr007 Pillar of the Community United States 2335 Posts	Posted 06/01/2007 5:28 pm I've probably said this before, but I just don't think precious metals are a good investment, especially at these levels. Historically, precious metals have not done much better than the rate of inflation. In my opinion, if you want to make an investment in coins your best bet is with key dates in the best grade you can afford. Even if they don't keep up with other investments you get the joy of ownership. I think it would take an almost complete breakdown in society for there to be a massive & sustainable gain in precious metals. At that point currency would be pretty much worthless & we would be on the barter system. If that happens your best investment would have been in steel & lead, if you know what I mean. Report this Post to the Staff
thq Pillar of the Community United States 3343 Posts	Posted 06/01/2007 5:33 pm It's hard for me to think of metals as an investment. Buying $50 face gold or silver to flip later on into coins I actually want makes sense to me - using them as a marker for a while. But buying and holding $5000 or $50,000 face? Scary. Small fish, big pond. Where is the price going? I'd guess up, at the rate oil rises against the dollar. Or down, for the same reason. I think oil's about to start heading down, taking precious metals along with it for the next two or three years. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire Report this Post to the Staff
TSmith3510 Valued Member United States 455 Posts	Posted 06/01/2007 5:52 pm Silver and gold coins and bullion pieces attract me because they are truly beautiful. I like to buy them, accumulate them, collect them, look at them, they put a smile on my face. Whether it's a Morgan, an ASE, a $10 Eagle, AGE, etc., I really get off on them. I don't consider them to be an investment, I'm collecting them for fun. I don't lose sight of the fact that they do have a redemption value, but in selling them, timing is everything. If we really want to invest in precious metals I think the way to go is by researching publicly traded companies or mutual funds specific to that sector, then buying some shares. Truth be told, you could probably find better sectors in which to park your money. Invest for your future, collect for fun! Report this Post to the Staff
valutarick Valued Member Netherlands 376 Posts	Posted 06/29/2007 12:44 pm And so say all of us, and Tsmith for all of us! It is fun tot trace back history, and silver coins where used in the daily life of millions of people. Because of the fact that gold do not carry any patina, I like silver coins more often. In South Afrika scientists have discovered that there is a tiny microbe who eats stone for million of years. and after eatings this microbe does his poo. All these microbe stuff hardens and the substance you find as nuggets is just another pile of poo inside the stone the colony is living in. We have a name for this stuff: gold. That's why I like silver... it is metal and not built out of animal behaviour. Report this Post to the Staff
cladking Pillar of the Community United States 2271 Posts	Posted 06/29/2007 9:53 pm Most everyone underrates the importance and potential of silver. Demand is growing exponentially. Supply is actually SHRINKING. Even if it were growing it would eventually lag demand but silver is disappearing as demand from high tech uses explodes. Neither of these conditions will be changed in the foreseeable future. When you also see that demand and supply are both price inelastic then it's a prescription for explosive price gains. Time don't fly, it bounds and leaps. Report this Post to the Staff
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