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 Replies: 86 / Views: 5,946 |
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Valued Member
United States
168 Posts |
silver 18.79...a few weeks ago it was at 16.85 that's almost 2 bucks in a month...
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Pillar of the Community
United States
628 Posts |
Hello nohope587 I've looked around a little, came up empty handed. Can you explain how the IMF has the means ( or motive ) to flood the world market with gold.  What is the source of this news? |
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Valued Member
Canada
82 Posts |
Silver is really undervalued, until it reaches 25 dollars an ounce (which is around 10-12 dollars in 1980 dollars) I don't think there's any risk in buying it. Because of global economic uncertainty and strong demand for every other commodity (soybeans, oil, platinum, gold) silver should keep rising in value until it reaches bull market highs (could be 70 or 100 dollars an ounce or more). After that it could decrease in value but not to less than 25-30 dollars an ounce.
Edited by grmike
02/26/2008 7:52 pm
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New Member
United States
37 Posts |
I invested in 20 silver eagles back when silver was $17.10, less than a month ago. The spot prive of silver is exactly $19 right now. Huge increase in the small amount of time of which I've owned the silver! I also have about 40 troy ounces of additional silver, mostly in the form of 90% US coinage. It's a great time to take a look at investing in precious metals, even if you don't look at it as an investment, they metals can be used as a store of value and as a hedge against inflation. |
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Bedrock of the Community
United States
14454 Posts |
I still have quite a few 10 ounce bars left from when I bought a pretty good bit when it was $7.50 a ounce
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Valued Member
United States
186 Posts |
Bryan1315....I'm sooooooooooo jealous !! ...or are you just tryin' to make me feel that way !
Laura
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Valued Member
United States
130 Posts |
Awesome collection (your Dansco) there Bryan!
Wow! My jaw is still on the floor.
Edited by MarkJ
02/26/2008 8:37 pm
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Valued Member
286 Posts |
I love all you people, I see smart and very educated people in this forum.
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Valued Member
United States
168 Posts |
if you're right my coins would never see 70-100 bucks and ounce I would flat out sell when they reach 50 bucks an ounce.
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Bedrock of the Community
United States
14454 Posts |
quote:
Awesome collection (your Dansco) there Bryan!
Wow! My jaw is still on the floor.
Thanks, it has definately been a labor of love to get it to where it has gotten so far. A recent car accident has put me behind in filling the holes because I haven't been able to find the coins needed to finish the book but as soon as I am atleast back to feeling like I did before the accident I hope to finally finish the album soon |
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Pillar of the Community
 United States
5953 Posts |
The IMF International monetary Fund. The Italian representative put forth a proposal to sell and it was just Ok'd by the US I think the plan is to sell off 12.9 mln ounces in the next couple of months. about 8% of their reserves dumping that amount of gold on the market over a short space of time will change the price.
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Valued Member
United States
130 Posts |
I can't wait!
I would love for gold to drop significantly so I can but up lots of it in preparation of its inevitable rise.
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Pillar of the Community
United States
5318 Posts |
"....the plan is to sell off 12.9 mln ounces in the next couple of months. about 8% of their reserves ..."
Hmmm....interesting. I wonder if any other large holders of gold will try to sell first?
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Pillar of the Community
United States
5953 Posts |
A Gold fund who's name slips my mind at the moment dumped close to 20 tones on the market a few months back this caused the price to drop by around $40 the IMF is planing to dispose of 401 tones I am hoping personally for the price to dip below $500 for a while at which time I will start aggressively buying until it gets back to $550. I could be way off base here but I don't think the market can sustain its current pricing with that much material being made available. It will take several months to absorb the excess.
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Valued Member
Canada
82 Posts |
if gold is dumped onto the market, that could help get the gold silver ratio back to normal (30 to 1).
also, is there any reason to think the US dollar will ever be at parity with the euro ever again ? the last time it was about equal was in 2003, in 2006 it was as high as .85 euro's per US dollar. That's around the time silver started to go up in value.
considering everything silver seems like a better investment than gold.
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Replies: 86 / Views: 5,946 |
First Page
Posted 02/26/2008 7:39 pm
