| Author |
 Replies: 18 / Views: 4,240 |
|
New Member
United States
20 Posts |
The price of an oz. of Silver just surpassed $19.00 an oz. as I expected. This is significant in trading terms as it should be poised for a major run-up on speculation that Greece's sovereign debt problem may worm it's way to the US. After a little research, The silver institute is saying that 90% of all known, world silver mines are now depleted. I sure do love collecting Gold & Silver Coins.
|
|
|
|
Pillar of the Community
United States
511 Posts |
Silver remains a better buy than gold even at over $19 an ounce.
|
|
Valued Member
United States
371 Posts |
Let's hope it climbs higher. Highest it has been for quite a while... wasn't it late last year when it hit between $17-$18?
|
|
Pillar of the Community
United States
3294 Posts |
Didn't it get $20 for a bit back in 2007 or 2008?
|
|
Pillar of the Community
United States
2373 Posts |
|
|
New Member
United Kingdom
23 Posts |
I have always collected Silver and Gold coins, even as a kid (obviously bought for me).
I have no intention of selling, but it is nice to know that their worth, in pure value, is increasing :)
|
|
Pillar of the Community
United States
2600 Posts |
It all depends on whether they find a fix for Greece, the EU nations in similar situations like Spain and Portugal and this oil spill. Fear is drive metal prices right now.
|
|
Moderator
 United States
188001 Posts |
Quote:
I have no intention of selling, but it is nice to know that their worth, in pure value, is increasing :) I like that attitude!  But even if the price goes down, I will still love my coins the same.  |
|
Pillar of the Community
United States
1523 Posts |
I agree jbuck.There are still plenty of deals out there to get on silver coins.
|
|
Pillar of the Community
United States
6326 Posts |
I will always get the thrill of seeing a "Silver" coin........don't know what it is exactly.......maybe it's from when I was a child. I've still never sold a coin in my life, and would never do it just because there happens to be a "spike" in the spot prices. 30 plus years from now......maybe a different story with some things, but yeah, I too just get a smile when Silver goes up ! ...  |
|
Valued Member
United States
300 Posts |
I'm thinking Silver hasn't stopped climbing yet, nor gold, people are getting worried out there, we may be looking at $21 Ag like before
|
|
Pillar of the Community
Philippines
1156 Posts |
Great to know silver doing good at $19! |
|
Pillar of the Community
United States
1409 Posts |
I think the $21 is a mental barrier that will be hard to breach.
The troubles in Europe have only begun, and the Trillion dollar bailout led by Germany, also includes US taxdollars (as if we can afford it). If people (governments) don't start getting a hold on spending and entitlement programs soon - gold and silver have alot of growth left.
|
|
Bedrock of the Community
United States
19935 Posts |
|
|
Moderator
United States
188001 Posts |
Quote:
Gold's 'ugly sister' gets a second look Who you calling ugly?   |
|
Pillar of the Community
United States
1409 Posts |
Nice article.
Were silver to test the $30 barrier, that is a very significant return.
Like an "investment", the question becomes when to sell. My opinion on gold/silver is that until the larger nations on this earth, including the US can start balancing budgets, and operating based on actual intake not projected or desired intake....commodities should do well. The EU is a model of failure economically and socially - if lessons are not learned and adjustments aren't made........well, things will only get worse.
Edited by afcop13
05/14/2010 2:58 pm
|
| |
Replies: 18 / Views: 4,240 |
Posted 05/11/2010 4:24 pm
