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 Replies: 10 / Views: 2,259 |
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Pillar of the Community
921 Posts |
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Pillar of the Community
United States
1045 Posts |
I remember in the 80s when I was in college collecting Morgans and the silver gurus were saying how silver was going to explode, and it did, 30 YEARS LATER, for a brief moment
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Pillar of the Community
Canada
2019 Posts |
Here is your first clue why not to listen to these guys.
"said Peter Hug, an executive at metals retailer Kitco"
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Valued Member
292 Posts |
How is something going to be worth what a select few is willing or has the ability to pay? Rare or high-end vehicles cost an insane amount of money but there's a small limited amount available and it's a product geared toward people can who afford it. Gold is mined every single day in huge quantities. If the price went to $10000 an ounce, the people who mine/refine it would quickly realize that they need far more money than they're making.
Personally, I don't see why gold is as expensive as it is now and if it means that I won't have any wealth then so be it. There's no way that this stuff is worth the price it is currently at.
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Pillar of the Community
United States
7614 Posts |
There was another thread on this Forum a few months about this topic.
The 25% are still running around buying MREs, more guns and ammo than they will ever need, reading gloom and doom magazines and forking over untold sums of money for gold and silver when the telemarketer calls or when they go to a gun show.
Not much has changed.
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Pillar of the Community
United States
5823 Posts |
It will either be $10K or worthless in 50 years!   |
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Pillar of the Community
United States
1476 Posts |
Quote:
The 25% are still running around buying MREs, more guns and ammo than they will ever need, reading gloom and doom magazines and forking over untold sums of money for gold and silver when the telemarketer calls or when they go to a gun show.
Not much has changed Everybody needs a Hobby!  |
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Pillar of the Community
United States
619 Posts |
That's exactly what it is, a hobby. I like coins, and I like shooting and hunting. My grandparents lived through the Depression. They taught me to hold on to silver and lead whenever I can. I'm not a hoarder, though. I do agree; most gun shows are a joke. I don't know what's more overpriced at one, the ammo or the bullion!
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Pillar of the Community
United States
4333 Posts |
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25% of physical gold buyers are crazy, metals executive says The other 75% are just a little less crazy. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
589 Posts |
What about us Silver people...We Be Nutty... I feel so left out...
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Pillar of the Community
 Canada
5393 Posts |
I am very surprised it is only 25 per cent. Seem that is way too low for what we see in our business.
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Replies: 10 / Views: 2,259 |
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(it's currently around $1,225) 
Posted 05/17/2015 12:46 pm
