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 Replies: 57 / Views: 8,508 |
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Pillar of the Community
United States
3670 Posts |
I can't figure there will be to many people interested in investing if it ever hits 250 an ounce. If it does, who would buy at that time, perhaps bigger industry refinery's for a small percentage below spot perhaps? If it ever does hit 250, considering many would have never believed they would see that day, would it be crazy to think it could get higher from there even? No telling what the future will hold, but who knows how much a patient person may make in time.... I imagine it would vary greatly upon what type of silver you own. The people with the large amounts of pre 1964 and of course the others who collect the various coins an art bars. Or people who buy 100 oz blocks an up an so on.... Lets use a coin like the Berlin wall comes down 3 oz coin for example, say at current market price I know of a couple on ebay at 130 bucks, not to high over the 108 spot. Is it safe to say that someone may pay 800 for that coin if it ever hit 250 an oz, being 750 spot price an 50 more for the dealer, box, mint, nice coin, rarity, etc.? Lastly, I saved a few nice sets in research I like, via the 12 piece Lunar set 1 oz silver, and it was for sale at 1150, buy it now an best offer, and it sold for 1150 (the buyer did not attempt to haggle, wow). One other on ebay like it at 1288 best offer, and it says last one, making me think others have sold. That is a nice bit over the roughly 436 dollar spot value of that silver in the 12 piece 1 oz sets.... I was also watching two 7 oz bar sets of the 7 wonders of the ancient world, and I must say I want this set really bad. They both sold for 350 each seems like, roughly 100 over spot, not as bad as the Lunar Australian silver and 2 of the seven bars are very hard to find via temple of Diana and the Hanging Gardens of Babylon, only 500 mintage for each if memory serves me correct. Seems like these sets are becoming hotter items to buy now.... Edited by Silverhawk74
03/08/2011 01:50 am
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Bedrock of the Community
United States
10982 Posts |
Silver hitting $250/oz would be very bad news. The USD would have to completely collapse for it to happen. Let's use $50/oz as a very real, near term possibility. Many say it will be hard to sell much at that price. I'm betting APMEX will pay near spot at that level. I've sold more to APMEX than I've bought from them and been happy with the service. What some people pay for silver on ebay amazes me. What most would consider generic bars/rounds can bring $40/oz or more. Crazy stuff. |
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Pillar of the Community
 United States
3670 Posts |
BH1964 great point about silver hitting 250, like you said if it does the dollar has totally collapsed and everything will be so bad, that buying a multi hundred dollar collectible coin made of pure silver will be the farthest thing from their mind, perhaps keeping the "Road warrior" types from running you off the road, and stealing your gas, rof  , may be of bigger concern. I know you down under members have to love that early 80's classic/reference.... As far as people spending huge on ebay, I have a theory. Newbies like myself, smart enough to read a little between the lines of the economy. People are probably smart enough to take notice of all these new places buying silver an gold, the ol....."If they're doing it an making money, they must know something we don't"....mentality. So they start buying a bit to fast, without doing research an searching around for a better priced deal. Mistakes I myself have made, I am just to impulsive, just my nature, lol and many others with same tendency's I am sure.... Edited by Silverhawk74
03/08/2011 02:15 am
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Pillar of the Community
United States
2424 Posts |
look at it this way. the rising price of silver has allowed me to buy up some coins I would otherwise not buy because of their price. Now, since the price of silver has outweighed their numismatic value, I can buy these coins for melt!
then, if silver goes back down I will at least have SOME coins that have some numismatic value to them...
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Valued Member
Cyprus
349 Posts |
silver at 250..........game over
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Valued Member
Canada
442 Posts |
I'm not sure I would say game over.
Gold was only 300 dollars in 2000, so silver might very well go to 250 in 10 years. It will make it very difficult to collect, but thats b/c some of us were so use to paying much less.
I do think that if silver does reach that levels, copper coins will start to be more popular.
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Valued Member
United States
425 Posts |
Well I have to say I really don't understand the recent jumps in Gold and silver, I have always been more into the historical side of gold/silver. As already stated in another thread........ gold is about 16 times more rare that silver. And in the past gold has been about 15 to 16 times more valued than silver,("Basiclly").
So, if silver hits $250 that would mean Gold should be at about $4,000 an oz. But right now gold is 40 times more valued, so if gold and silver keep rising at the same rate........ gold would be at $10,000.00 and oz.!!
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Valued Member
Cyprus
349 Posts |
need to be careful if you are buying metals. They are volatile by nature.  Edited by Ozzie
03/08/2011 12:09 pm
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Valued Member
United States
310 Posts |
I actually think both Gold and Silver are scary high already. Until it happened, I would have never thought gold could hit 1400. Silver in my mind is $10-15 an ounce.
Now, The economy is bad and commodities across the board are high and rising. Sugar, Corn, oil, etc. Now if PM's are rising for the same reasons, sure I can see Silver going higher, and I think it will rise faster than Gold, but in the back of my mind I keep seeing them both rising too fast. The fact that Silver has doubled in 6 months is insane. Sure Gold could hit $2000, and Silver could hit $100, but if things change I could see Gold and Silver drop like a rock. I could see $600 Gold and Silver at $15 in a stable economy.
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Pillar of the Community
United States
1388 Posts |
With the economic situation, it's not that far of a stretch to think that the American dollar would collapse and for silver to go that high... Think about it, but it would not be a good thing(at least for Americans, the world would probably smile at that thought)... And that's scary  |
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Valued Member
United States
310 Posts |
If we go down, a lot of the world will come with us. At that point who knows what will happen. Industry could collapse, trade could collapse. PM's at could at that point also collapse as industry need could collapse.
Honestly, The US could have collapsed a long time ago, but as much as the rest of the world may smile at that notion, they'd be killing the golden goose if they let it happen. We are still the biggest consumer in the world, if we don't consume, they can't sell to us, and they come into the pit with us.
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Pillar of the Community
United States
757 Posts |
i sort of agree with GRR, but it's going to get to forty+ for sure before I'm worried about selling. there's definitely going to be price resistance once we get around 39-41 though, so it could dip back to around the low thirties for a minute.
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Pillar of the Community
 Canada
9865 Posts |
Sold my silver in the last week,bought it at $11 a little over two years ago,the ride is over for me,it's been good,I doubt it will triple again.
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Pillar of the Community
United States
3670 Posts |
Well it is a slow start to the first two days, and plat an palladium took big hits again, an gold is even down 3 bucks today to 1429, but silver like the little engine that could is still slowly climbing up, at 15 cents up on the day to just over 36 bucks an oz....
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Pillar of the Community
United States
2448 Posts |
Interesting topic, I'll watch for now.
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Pillar of the Community
United States
3592 Posts |
Best time to unload would be at it's highest price...I'm surprised nobody figured that out  |
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Replies: 57 / Views: 8,508 |
Posted 03/08/2011 02:12 am
