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Silver Breaks $20/Oz!

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MarkJ's Avatar
United States
130 Posts
 Posted 03/03/2008  12:17 pm Show Profile   Bookmark this topic Add MarkJ to your friends list Get a Link to this Message Number of Subscribers
From the APMEX Website moments ago...

Silver-Breaks-$20/Oz!
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CoinHunter53562's Avatar
United States
2049 Posts
 Posted 03/03/2008  12:26 pm  Show Profile   Bookmark this reply Add CoinHunter53562 to your friends list Get a Link to this Reply
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.
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TheForce's Avatar
United States
4867 Posts
 Posted 03/03/2008  12:33 pm  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
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
Valued Member
MarkJ's Avatar
United States
130 Posts
 Posted 03/03/2008  2:27 pm  Show Profile   Bookmark this reply Add MarkJ to your friends list Get a Link to this Reply
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.
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KurtS's Avatar
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5318 Posts
 Posted 03/03/2008  3:29 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
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.

Silver-Breaks-$20/Oz!

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.
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Canada
82 Posts
 Posted 03/03/2008  3:35 pm  Show Profile   Bookmark this reply Add grmike to your friends list Get a Link to this Reply
50 1980 dollars are I think around 120 2008 dollars.
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KurtS's Avatar
United States
5318 Posts
 Posted 03/03/2008  3:38 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
Grmike--that sounds about right!
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CuprousCoin's Avatar
United States
226 Posts
 Posted 03/03/2008  3:40 pm  Show Profile   Bookmark this reply Add CuprousCoin to your friends list Get a Link to this Reply
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 !!
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