| Author |
 Replies: 26 / Views: 2,336 |
|
Valued Member
United States
128 Posts |
What are you doing with your silver?
|
|
|
|
Pillar of the Community
United States
3098 Posts |
 Just bought 35 ounces yesterday. Probably will buy more today if I can sell my TJeff Liberty. Silver still looks good today at $12.30, but even better yesterday because it was the 3 month Fibonacci Retracement's low to the very cent. |
|
Pillar of the Community
United States
2130 Posts |
I'm sitting on mine. I believe it will hit 20+.
|
|
Pillar of the Community
United States
1882 Posts |
Are you going to base your decisions on what folks here say? Nothing personal to other folks here, but I wouldn't. The ones who successfully "predict" which way it goes are merely lucky.
|
|
Valued Member
United States
271 Posts |
Has anyone looked at Rhodium lately? Its floating around $1000 an ounce. And to think this metal has spiked beyond $10,000 an ounce!!
As for silver, I feel that silver is always a good investment and that you should never sell. Not yet at least. I'm expecting silver to go through the roof like the 80's can't imagine within the next 10 years or less. My belief is based on simple supply and demand. Today, at the rate that silver is being industrially consumed, we will exhaust the supply by the year 2015. In otherwords, by 2015 the demand for silver will be greater than the amount being mined by a large ratio. Only 3% of the silver mined is used for bullion coinage. The majority is in industrial uses. 95% of those industrial uses makes the recovery of the metal either impossible or impractical, unless it's value exceeds $2500 an ounce.
Based on numbers like that..........hoard silver. Its time is coming.
|
|
Valued Member
United States
114 Posts |
I've been buying. started collecting Franklin halves.Silver that I can afford. But have no plans to sell any time soon |
|
Moderator
 United States
16677 Posts |
Buy and hold IMO. I believe higher inflation is just around the corner and with the instability of the market, precious metals are a great offset right now.
swcoin.ecrater.com
|
|
Pillar of the Community
United States
3098 Posts |
Quote:
As for silver, I feel that silver is always a good investment and that you should never sell. I guess it depends on how soon the economy recovers. If it does, the first thing that's going to go through the roof is gold, which is from inflationary spending. Then Pt, then Ag and then Rh due to increasing industrial use. Anyways, looking at the charts in the near 2-3 month term, yesterday's fall in price definitely made silver look good. |
|
Moderator
United States
16677 Posts |
Quote:
Rh Where is Rhodium right now. I remember it hit $6,000 not too long ago. swcoin.ecrater.com
|
|
Valued Member
United States
292 Posts |
I am currently making small buys here and there as part of my investment strategy. I plan on holding until near retirement and then making my decision at that time based on market prices and whether I need it...probably save it as part of my cash backup.
|
|
Moderator
United States
23731 Posts |
|
|
Pillar of the Community
United States
3294 Posts |
I am not buying except through roll hunting, but I don't plan to sell unless I can see > 16x face for the 90% (That is $22/ounce)
Edited by nod2003
04/08/2009 11:02 am
|
|
New Member
United States
32 Posts |
Im selling all of it. I think it is a hit and miss market so I sell when I can. I am in the process of selling hundreds of dollars face right now.
|
|
Pillar of the Community
United States
3294 Posts |
Well if you get some more posts,it looks like there is some interest to buy here
|
|
New Member
United States
32 Posts |
I did, but the admin guy didnt think my post had "quality" and deleted me ad and 35 of my post.
|
|
Pillar of the Community
United States
2734 Posts |
I buy silver from those who sell it, then I hold onto it!  |
| |
Replies: 26 / Views: 2,336 |
Posted 04/07/2009 8:39 pm
