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Silver NY Spot Closed At 11.07 Today

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djluster's Avatar
United States
1327 Posts
 Posted 03/29/2006  2:11 pm Show Profile   Bookmark this topic Add djluster to your friends list Get a Link to this Message Number of Subscribers
Poll Question
US silver closed 11.07 +0.23 and Gold closed at 572.60 +6.00

I am glad to see silver keep climbing great for all the stuff I am buy. I don't watch the gold price as much since I do not have any.

So the big questian were will silver and gold stop will it keep climbing or drop. or stay right around here.

So the poll is what do you think what will happen first by the end of the year. Not what it will be but and the end but were will it go.

Results

Silver will hit 16.00 OZ by end of the year 64% 7 Votes
Silver will drop to 8.00 OZ by the end of the year 0% 0 Votes
Gold will hit 600.00 OZ by end of the year 18% 2 Votes
Gold will drop to 545.00 OZ by end of year 0% 0 Votes
Both will stay around 11.00 and 575.00 OZ 18% 2 Votes

Poll Status: Locked
Total Votes: 11 Counted
Last Vote: 03/30/2006 1:09 pm
Edited by djluster
03/29/2006 2:16 pm
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djluster's Avatar
United States
1327 Posts
 Posted 03/29/2006  2:14 pm  Show Profile   Bookmark this reply Add djluster to your friends list Get a Link to this Reply
of course I want it to climb since I have silver but you never know. I know talking to my local dealer most are buying not selling. SO if people start selling will it drop. also with the US economy I see so may lossing trust in the US money and are now buy metals
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ageka's Avatar
Belgium
2078 Posts
 Posted 03/29/2006  2:28 pm  Show Profile   Bookmark this reply Add ageka to your friends list Get a Link to this Reply
I could not answer any of the questions because I will be disappointed if gold is not way over 612 by the end of the year
with possibly 750 end of january
Valued Member
CoinNut5's Avatar
United States
103 Posts
 Posted 03/29/2006  5:23 pm  Show Profile   Bookmark this reply Add CoinNut5 to your friends list Get a Link to this Reply
I voted for A.........16 dollars by end of the year.....but I am an optimist
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crystalk64's Avatar
3147 Posts
 Posted 03/29/2006  5:45 pm  Show Profile   Bookmark this reply Add crystalk64 to your friends list Get a Link to this Reply
I think the days of CHEAP gold and silver are a thing of the past and we just don't know it yet! Your figures are low, in my mind, so everyone prepare for a great ride. I am buying silver every weekend now, while I still can, and call it my "Home 401K" as it seems to be about as safe as any where I can think of to put my extra money. I am already regretting not starting a weekly bullion purchase years ago (kept talking about it) as I (we) all knew this day would eventually get here. Gold and silver will have its ups and downs as that is the way the cycle goes but the ups will keep driving prices for quite some time. Welcome to the "new" world of precious metals!
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Bryan1315's Avatar
United States
14454 Posts
 Posted 03/29/2006  5:48 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
hmm. mine shows 11.14 for today!
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longnine009's Avatar
United States
1247 Posts
 Posted 03/29/2006  6:23 pm  Show Profile   Bookmark this reply Add longnine009 to your friends list Get a Link to this Reply
A silver ETF is closer to happening.
http://www.kitco.com/ind/GoldReport/mar292006.html

And I suspect in the case of both gold and silver Benny and the fed are seen as following in the footsteps of their illustrious predecessor. Bennnny... Bennny... Benny and the fed.
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djluster's Avatar
United States
1327 Posts
 Posted 03/29/2006  10:06 pm  Show Profile   Bookmark this reply Add djluster to your friends list Get a Link to this Reply
if you had 600 dollar to spend would you buy. 45-1oz Silver american eagles or would you buy 1-1oz Gold American eagle. what do you think would be a beter investment. not that I have 600 extra dollar but if I did or someone else did what would be the best way to go.
Rest in Peace
Gary Burke's Avatar
United States
3730 Posts
 Posted 03/29/2006  10:23 pm  Show Profile   Bookmark this reply Add Gary Burke to your friends list Get a Link to this Reply
djluster just beat me to about the same question.

I have a small windfall of about $400 and am trying to decide whether to buy coins for my collection, or to look into investing in gold or silver.

If I decided in the investment angel, should I spend the money on gold or silver?
Rest in Peace
Mike's Avatar
United States
2884 Posts
 Posted 03/30/2006  01:02 am  Show Profile   Bookmark this reply Add Mike to your friends list Get a Link to this Reply
I would buy as high a grade key or semi-key coin as I could find for the money. The appreciation of these coins generally blows bullion increases over time out of the water. Someone just posted an article showing the growth rate on rare coins. Saving some percentage of gold and silver is always wise for balanced investing. What goes up, almost always comes down. Market timing in precious metals takes a great deal of knowledge as well as a little luck, just as the stock market does. Remembr the 80's bullion boom created more losers than winners!! Not to mention mass destruction of many what would now be very collectible coins. Good luck and remember to enjoy the hobby! Mike
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ageka's Avatar
Belgium
2078 Posts
 Posted 03/30/2006  06:34 am  Show Profile   Bookmark this reply Add ageka to your friends list Get a Link to this Reply
Of course this is a coinforum and you people are savvy
but I visit an investor forum were somebody bought like 400 000 $ worhts in MS 63 slabbed double eagles at 15% over bookvalue
and sold them a few weeks ago for 15% below bookvalue
So if he had bought bullion coins he would have been 30 %
better of
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crystalk64's Avatar
3147 Posts
 Posted 03/30/2006  09:06 am  Show Profile   Bookmark this reply Add crystalk64 to your friends list Get a Link to this Reply
Speaking in terms of bullion only I would, without a doubt, buy the silver. Everyone in the know (lets say in print) is claiming that IF gold should double silver will jump to the $30 to $35 range? If this does happen then silver will be clearly the largest percentage of gain. And, personally, I think we will see huge gains in silver over the next few years. Honestly what would you like to do, double your money or MORE than double your money. Also keep in mind silver does get used and most gold is reclaimed. When the ETF takes hold in this country I predict silver will be a very very good commodity to be holding. As always TIME WILL TELL but it will be quicker than we think.
Gary I wouldn't wait around any longer than you have to if you want silver as the Eagles are already gettting pretty pricey! Good luck!
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thekidcollector's Avatar
Kuwait
1523 Posts
 Posted 03/30/2006  1:10 pm  Show Profile   Bookmark this reply Add thekidcollector to your friends list Get a Link to this Reply
It seems that gold should reach 800 by endf of next year. Thats alot of money and If gold increases, Sure will silver!
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Bryan1315's Avatar
United States
14454 Posts
 Posted 03/30/2006  3:30 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
as of 3:20 EST on Thursday silver has jumped up to a wopping $11.61 thats about the biggest jump I have seen it do in one days time in a realy long time
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crystalk64's Avatar
3147 Posts
 Posted 03/30/2006  5:22 pm  Show Profile   Bookmark this reply Add crystalk64 to your friends list Get a Link to this Reply
Seems to me silver is acting like a wild animal that has been fenced in long enough. Slowly but surely this beast is kicking the fence down, piece by piece, and it won't be long before old silver is headed back to the wild! What a ride this will be!
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longnine009's Avatar
United States
1247 Posts
 Posted 03/30/2006  5:57 pm  Show Profile   Bookmark this reply Add longnine009 to your friends list Get a Link to this Reply
I would buy silver because I like the look of silver better than gold and because the average Joe Sixpack can afford it and may very well want some as events unfold.

IMO, there is a very strong possibilty that the U.S Economy will go into a melt down and Benny and the feds aren't going to prevent it with their actions or their Disney News releases. They practically jumped into a Pink Floyd rendition to shrug off the consequences of an inverted bond yield. Even though inverted bond yields have forecast 6 of the last 8 recessions. But this time it's a different Brick in the Wall:

"We don't need no concave bond yield,
We don't need no thought control,
No dark sarcasm from the gold bugs..."

Our economy is a *typical* 5th wave "hookah smoking caterpillar."
When it spirals in, a lot of Americans are going to lose it all. What happens then? We may have a depression that will make the Great Depression look like "tea time." And guess what? We ain't The Greatest Generation! This is the Narcissistic Generation, entitled to suck down champagne for 25 years and not have to pay the bill. There is, IMO, going to be a lot of "in the street" outrage when the bill comes due anyway. That will probably be wonderful for silver and gold. But it's not going to be a very pretty picture outside.
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