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 Replies: 44 / Views: 6,048 |
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Pillar of the Community
United States
625 Posts |
My vote is "8th Smallest Prime Number". I say this because it will depend (in my opinion) on the November elections and how much our current administration will be marginalized. Big conservative turnout will split the house majority and the population will realize no more harmful legislation will be shoved down their throats and which will begin to ease us out of our current depression with small pickups in consumer spending. Unemployment and debt are still looming huge which will give silver support around $19 and gold just under $1200. If nothing changes from where we are now, it could be $25 by the end of the year with $1400 gold.
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Pillar of the Community
United States
1450 Posts |
Nice summary Sarge! I agree with all you say,maybe not the top end spot, but I have been wrong before,just ask my wife!
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Pillar of the Community
United States
1450 Posts |
AGCoinhunter,be careful of being too Americentric in your thinking! The precious metal market is being driven from other places in the world these days. We ain't the big dog we used to be and things are changing regardless of what our Congress does. My feeling is that both parties love to spend, just on different things. Remember who was in power when this whole mess started and because nobody was watching the cookie jar. Wars are more expensive than health care and stimulus programs,especially when there bis no end in sight.
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Pillar of the Community
United States
4333 Posts |
Hock, my opinion is that the US $ still dictates the world's economy. What happens in the US doesn't stay in the US, LOL!
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
1450 Posts |
Fist,I agree with you, just saying our impact is not the ONLY one that moves things like it used to. The world has gotten a lot bigger the last few years. All that I am saying is that the rest of the world is not so quick to fall in line behind the ole'US of A. This whole financial debacle has changed the balance of economic power significantly. Look what happened to Japan and their economic clout after their economic crisis.
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Valued Member
 United States
106 Posts |
It looks like my top end number of 25 might just hang on, heck at this rate it's going for 30.
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Pillar of the Community
United States
2120 Posts |
i dunno what silver is gonna do, but all I know is its going up some more, before it goes down.
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Pillar of the Community
United States
6326 Posts |
I agree with Nod......  I think it's possible that silver could end the year @ $25.00 or more, but it will just be a historically predictable "spike"....or at least that the " tumble downward" will be the inevitable historical factor. It always has......it always will. I think that silver will undoubtedly fall below $20.00 at some point in the future, but that it very well could average and "hoover" around $20.00 for a lonnnnnng time to come though too. I just hope that those who decide to "invest" in the silver excitement going on these days, are VERY cautious. To me.......buying when it's really high.....and selling when it tanks......is not a good plan ! ...  |
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Pillar of the Community
United States
2424 Posts |
obviously eagle, thats backwards
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Moderator
 United States
16679 Posts |
Quote:
I think it's possible that silver could end the year @ $25.00 or more, but it will just be a historically predictable "spike"....or at least that the "tumble downward" will be the inevitable historical factor. It always has......it always will.
I also like symbol: PAAS I got in @ $27 last week, now $31.30  The trick is, knowing when to unload. Gordon Gekko's phrase, "Greed is good", is not good! swcoin.ecrater.com
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Pillar of the Community
Canada
3692 Posts |
""To me.......buying when it's really high.....and selling when it tanks......is not a good plan ! ""
I believe that's how many people get burned with hot items. Especially with silver there's an alarming trend of buying high and selling low. I think lots of people sell off because they bought in when it was too late, and sell their stacks. Personally, I hope the price of metals dip so I have a chance to stack. I see it as win-win. It doesn't really matter all that much.
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Pillar of the Community
United States
6326 Posts |
Dealers around here are "selling" Gold and Silver like hot cakes ! My coin shop guy says he can't even keep it (gold) in stock ! It's something I just can't understand, and I even asked him "why people would buy gold now when it's near record high"......He just shrugged his shoulders and said.."well, it's hot right now and many people think it'll NEVER go down again".... And so yeah.... SDcoinguy.....THERE ARE A LOT OF PEOPLE WHO HAVE IT BACKWARDS ! ....  A few weeks ago, while I was waiting in the other coin shop in town....I observed a customer purchasing quite a few Silver Bars.....I just don't understand. Edited by eaglefoot
10/15/2010 7:11 pm
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Valued Member
United States
442 Posts |
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Pillar of the Community
United States
757 Posts |
well part of the reason for the frenzy is that ALOT, and I mean alot, of people really believe there is going to be a collapse like we've never seen within the next couple--maybe five--years. these buyers aren't so much worried about profit as they are just getting their hands on material other than cash--something that retains some sort of value, regardless. now, I happen to be one of these people, but I've also been a bit smarter about it than my frenzied cohorts...I've made a nice little profit this upswing.
from the people I talk to, many have enough money to not treat this like an investment, but rather to treat it like an insurance plan. they know they could well be losing money on the deal, but they have other possibilities in mind. dig?
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Pillar of the Community
United States
2734 Posts |
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...treat it like an insurance plan. Physical metal won't drop to nothing and pull an Enron on you. People thinking that real estate values could never go down is why the country's in a mess right now. Of course gold and silver will go down eventually. The billion-dollar question is "when". |
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Replies: 44 / Views: 6,048 |
First Page
Posted 09/15/2010 5:58 pm
