Silver Breaks $20/Oz! - Coin Community Forum

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Author	Replies: 7 / Views: 1,025
MarkJ Valued Member United States 130 Posts	Posted 03/03/2008 12:17 pm From the APMEX Website moments ago... Report this Post to the Staff

CoinHunter53562 Pillar of the Community United States 2049 Posts	Posted 03/03/2008 12:26 pm I was at a coin show yesterday and the general consensus from both dealers and buyers there is that silver will keep going up for awhile yet. Some are saying as high as $40-$50/ounce again like it was back in the 1980's while others are projecting more modest numbers like $25-$30/ounce. Report this Post to the Staff
TheForce Pillar of the Community United States 4867 Posts	Posted 03/03/2008 12:33 pm Should be interesting to see how this plays out. I know me and my silver maples are pleased. Though we may need to part ways if I can get a good deal if silver gets higher. Edited by TheForce 03/03/2008 12:33 pm Report this Post to the Staff
MarkJ Valued Member United States 130 Posts	Posted 03/03/2008 2:27 pm There are quote a few nay-sayers out there. Calling this a bubble. I don't think it's a bubble. It has been slow and steady for quite some time. I think it will continue to rise. Report this Post to the Staff
KurtS Pillar of the Community United States 5318 Posts	Posted 03/03/2008 3:29 pm quote: It has been slow and steady for quite some time. I think it will continue to rise. Here's the actual trends since '04, and whether one calls that "slow and steady" or possibly volatile I'll leave to everyone's own interpretation. Right...silver might keep going up. After all, $50/oz. in '80 translates to a lot more $ today. Btw, as I noted before--that red arrow marks when market instability was detected in real estate/builder stocks (a bubble I've studied in some detail). Interpret as you see fit. Report this Post to the Staff
grmike Valued Member Canada 82 Posts	Posted 03/03/2008 3:35 pm 50 1980 dollars are I think around 120 2008 dollars. Report this Post to the Staff
KurtS Pillar of the Community United States 5318 Posts	Posted 03/03/2008 3:38 pm Grmike--that sounds about right! Report this Post to the Staff
CuprousCoin Valued Member United States 226 Posts	Posted 03/03/2008 3:40 pm From what I can see, metals (Silver, Gold, Copper, Nickel, Aluminum, etc...)across the board have been climbing steady for the last few years. Some blame high demand in China for raw materials and others see recession and the weak dollar as the culprit. I don't feel this is "the Bubble about to Burst" because all metals are being effected by demand and continue to rise. We might see some dips as the profit takers sell, but this trend appears to be here for awhile. Hold on tight because the ride is not over yet !! Report this Post to the Staff
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