Is Silver Ever Going Back Up?

When I saw the title of this post, I thought you meant
"will it ever go back up to Hunt Brothers levels (1980 peak)?",
because those of us who bought quantities of silver at $4-$5 an oz.
aren't really asking ourselves if silver will ever "go back up".


That said, silver looks well poised for steady long-term growth.
(which sure beats a sudden Hunt. Bros ramp-up and subsequent crash!)

New types of batteries (think "hybrid cars"), medical applications,
and I'm particularly excited about the research into silver-based catalytic converters.
Platinum's spot price will drop like a rock if silver catalytic converters go into mass production.

Right now, silver's at $23/oz., and platinum's $1671/oz., so the
economic incentive to use silver is obvious. Silver could cost ten
times what it does now and it would still be much cheaper to use
in catalytic converters than (present-valued) platinum.

Those with experience in precious metals eagerly await the periodic drops in prices,
because that's when they buy.

The whole reason why silver passed $20 this year is because the market
expected the price to drop in September (as it usually has), but it didn't.
The central banks were buying (paper) silver (futures) this Sept. instead of selling.
This breaking of the usual "fall in the Fall" pattern enabled silver to cross
the important "$20 barrier", and more importantly stay above it.

I as well remember when silver was at the $4 to $5 range and thought I had struck it rich! I too buy an average of $100. a month in silver bullion and have since the early 80s. And no I didn't sell at the $8 or $9 price. I did buy a few rolls of Barber halves at 2 to 3 dollars each, and still have them. I'm looking at retirement in another 5 years, and did pay for 2 daughters weddings as well! if you can buy and put it away for 10 to 15 years the average price should really increase, you just have to leave it alone!

That's awesome Bryan! I remember being a cheapskate and not wanting to buy silver when it was in the $13 - $14 dollar range, now I regret not buying more.

My car's catalytic converter uses 70~90% less platinum group metals than yours!

www.nanoscienceworks.org
www.worldcarfans.com