| Author |
 Replies: 55 / Views: 6,027 |
|
Valued Member
164 Posts |
Just heard in the nexts 10 years the world will have 7 new places where they are going to dig up more silver and copper then the world has ever seen?What do you the reader think?Worth it  or Forget it  ,,,,Cosmos |
|
|
|
Pillar of the Community
United States
2543 Posts |
The paper also says that aliens walk among us. (I have noticed, many frequent this site) Also read that Elvis and JFK are still alive. Oh, also I read an article five years ago, that in five years gold will be $10,000 an oz.
Point being " don't believe everything you hear, and only half of what you read "
|
|
Valued Member
 164 Posts |
Ok so you are saying based on your info Silver Worth it,,ok cool,please explain why you think silver is worth it,Cosmos
|
|
Pillar of the Community
Japan
666 Posts |
1st you have to decide whom you believe to:
US gov.agency stated in their report that there will be no silver around 2025 with this rate of consumption ... then some unanimous writer claims that there're lots of silver some where waiting for people to get it.
And I'm not talking about doing fundamental research on silver and money printing
|
|
Valued Member
164 Posts |
I do not understand what you are saying,,,HHHmmm?Cosmos
|
|
Valued Member
United States
201 Posts |
Just keep buying and stacking it. It will never be worthless.
|
|
Valued Member
164 Posts |
Cool your for it,,,have a great day,,,,Cosmos
|
|
Valued Member
United States
315 Posts |
Dont worry about it. The current silver and gold price is based on futures. Actual metal is not important.
If people stop buying futures then you'll see massive changes. I expect gold to double or triple because of scarcity, and silver should go down by 50% or more because of surplus.
|
|
Pillar of the Community
Japan
666 Posts |
use google ... read what people/organizations write ... compare it to each other ... then share your thoughts, so that we can see if you understood
cheers
|
|
Valued Member
164 Posts |
bekiz not understanding u,,sorry,,Superhal you are saying silver is over priced by 50% yes or no,Cosmos
|
|
Valued Member
United States
315 Posts |
Yes, there's just too much available. Junk silver jewelry and sterling are often sold at below spot. Silver eagles are about the only world bullion sold at 10% over spot. Its quite common to see silver lots on ebay of 100-800 grams. Unopened monster boxes of bullion (500 ozt) are still available all the way back to the 90s. I usually read kitco market news, but etfnews also has good info on precious metal trading. Edited by Superhal
10/20/2013 9:45 pm
|
|
Pillar of the Community
Canada
2805 Posts |
Platinum is the only really useful precious metal, because... who wants to stack ruthenium? Everything else is just fueled by tradition and speculation... which is about as flimsy as that fiat stuff we love to hate [and use].
Actually, a recent column in Nature mentioned ongoing research that suggests that silver nanoparticles can be substituted for gold in some cases, which would reduce demand a little bit... on the other hand, at least 10 scientists* kill themselves every year because the media completely misinterpreted their research and made it famous for all the wrong reasons, so please don't spread this like "I heard an insider tip that science has made gold obsolete! Sell everything when the market opens!".
* I read this in Nature
|
|
Valued Member
164 Posts |
Ok thanks Superhal,,,I as well read Kitco Market News too,,,this is interesting everybody so far seems to think different ideas on silver,,would like to hear from more post on this,,to all that read this thread please tell me what you think about silver worth it or forget it?Thanks Cosmos
|
|
Valued Member
164 Posts |
So sorry to hear people would hurt them self wow really to bad,,your not for silver buying I take it?Cosmos
|
|
Pillar of the Community
United States
3789 Posts |
Silver is broke and bust as of right now. Buy and hold is also bad money management. The only way I would be buying bullion silver is seeing the metal break OUT of the downtrend.
Buying assets that are in downtrends and at yearly lows is foolish and a waste of good capital.
PERIOD.
|
|
Valued Member
United States
315 Posts |
Oh, so my advice is buy it as far below spot as you can, -$2 at least, -$5 is even better. My thinking is that if you pay 24 when spot is 22 then you have to wait until it hits 26 to break even. If you can get it at 20 when spot is 22, you can break even selling at 22. One good investment imho is right now rolls of proof silver quarters are going for spot on ebay. The proof conditions give a little hedge of numismatic value in case silver value decreases. Edited by Superhal
10/20/2013 9:57 pm
|
| |
Replies: 55 / Views: 6,027 |
Posted 10/20/2013 9:10 pm
