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 Replies: 29 / Views: 2,102 |
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Valued Member
United States
95 Posts |
I'm actually quite curious as to where you guys want silver to head: up, or down?
I think the answer to this question can somewhat segregate the collector from the investor. Personally, I want silver to plummet to facilitate my entry into collecting older silver coins. That, however is a very selfish side of me, for surely if I already owned a few hundred pounds of silver coinage, I'd want my collection to be worth more.
This community has a multitude of collectors, investors, and a myriad of hybrid flavors of the two. Where do you all want silver to head, and why?
I suppose this question would equally apply to gold, but the two metals seem joined at the hip right now, so it really doesn't matter.
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Valued Member
United States
94 Posts |
Ideally I would like for silver to drop to about $5/oz, at which point I would purchase several thousand in bars. Within the same year I would then like for it to reach $25/oz, so that I could sell and make a pretty profit  |
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Bedrock of the Community
United States
14454 Posts |
well this is a double edged sword for me, I happen to be one of the lucky ones and bought a pile of silver bullion (not all coins)when silver was around 6.50 an ounce and would really like for silver to go through the roof. I on the other hand collect silver dollars as well and would like to be able to afford alot more than I have now and would be able to do so if it dropped, but if silver does go real high I then will be able to afford the coins that were once out of my reach
Edited by Bryan1315
06/02/2006 1:58 pm
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Pillar of the Community
United States
1327 Posts |
I woudl like to see it hit about 15.00 oz and stay there. That way the silver dollar I have right now I will have made some money one. and on the other hand if silver goes much higher then 15.00 it will be harder for me to contunie buy one of each of the world silver dollar I have each year. Plus all silver coins will be harder to get since they as well will be higher. So a good price for me would be 15.00. at that price can still buy more coins every few weeks.
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Pillar of the Community
United States
1247 Posts |
Doesn't matter to me. But I can tell you where I'd like to see some of these sellers charging $6 shipping for a 1 oz art bar can go.  If the price of silver drops enough I'll be happy to buy more art bars, if not I'll be happy to go after tokens or something else that is not "contested ground." I'm not playing "contested ground" games, not with art bars or anything else. It's not necessary: "The ground has ground has infinite possibilities."--Sun Tzu Especially with the Internet!  Edited by longnine009
06/02/2006 6:05 pm
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Pillar of the Community
Australia
3831 Posts |
High silver prices can cause problems not only for the numismatic world but as well as other major science field. One example is for the purpose of cloud seeding, i.e. to form clouds in the atmosphere so that some dry lands can have rain. Such activities if I remember right requires a large amount of silver iodine. Silver has plenty of other uses, from silver sulfate, silver nitrate etc to be used in labs. Such fields will call us numismatic collectors a bad example to the science communities if we single handly increased the prices of silver  |
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Pillar of the Community
United States
2365 Posts |
Well, yes, that does depend upon each individuals perspective. Personally, I really don't mind one way or the other. If it goes up I have the option to sell my bullion. If it goes does down I have the option to buy more bullion or coin. It's still one of the least expensive metals in comparison to gold, platinum and paladium and so forth. I really don't think any of us would want to see it drop back to $5/oz for any reason as our current collections would lose almost 2/3 of their bullion value (more or less).
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Rest in Peace
United States
3730 Posts |
Being a collector, and not an investor, I guess I would like to see the price drop. I do collect ASE's, Britannias, and Australian bullion coins, and the higher silver goes, the more it will cost to obtain those coins. |
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Pillar of the Community
Australia
3831 Posts |
I think $5/oz is really unrealistic. If that happens, you will make mines go bust. Remember, there aren't too many "silver-only" mines, but often as a byproduct of gold or other precious metal mining.
My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. |
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Valued Member
United States
260 Posts |
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Pillar of the Community
United States
2365 Posts |
Yesterday, within 10 minutes time, I saw one person sell some gold Francs and walk out with $5,000. Another person purchased $5,000 in Gold ASE's. Both of them were investors and were selling/buyig Gold at current spot - go figure! Cool: When you're buying you want $5/oz and I believe that's your situation right now. You'll want infinity when you go to sell. Hang in there! |
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Valued Member
United States
123 Posts |
I like it when prices are down in the dumps; that way, I can buy more. My activity in the coin hobby is not constant; just recently, when I got interested again, I found that the market had gone crazy. It's not just silver; most items have gone up. This situation squelched my interest very quickly, and I have been putting my money in other hobbies. For collectors like me who are unlikely to sell anything except in a dire emergency, high prices are bad.
I wish silver would go back to about $3 to $5/ounce; this is the price at which I bought most of mine, and I would happily keep buying at this price. At $15, I won't likely buy any. Similarly, at $600 to $700, I won't likely buy any gold; I got spoiled by $250 gold a few years ago.
Heather
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Pillar of the Community
United States
2365 Posts |
I wish that I had been thinking when Gold was at the $250 level too. There's always next time (I hope)! I'm not quite yet out of the collectors market at the current silver price, but it won't take much more for me to just sit back, watch and enjoy what I have!
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Pillar of the Community
United States
7123 Posts |
I would be happy if the price of Silver would continue to rise a little 16 to 20 dollar level would be ok, above 20 would be great for the Bullion Silver.
Rick
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Pillar of the Community
Belgium
2078 Posts |
For the following months I think silver may go to 10 dollars an ounce and then bounce up 10 because it is a round number and close to the average price of the last 200 days It would be nice that silver did for once what I expect  http://stockcharts.com/gallery/gv?$Silver |
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Pillar of the Community
Australia
3831 Posts |
Gold will NEVER return back to 250USD/oz. Unless you find a bunch of alluvium gold, most gold nowadays are solid rock gold mines. And special thanks to the rise of oil prices, cost mining operations increase and hence such prices. Don't forget, to extract an ounce of gold from such sold gold mines are already around USD200!!! Any lower than that, and you should start to look for gold in such mines - I'm sure you'll be shocked that gold isn't found easily these days.
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Replies: 29 / Views: 2,102 |
Posted 06/02/2006 1:53 pm
