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 Replies: 57 / Views: 8,516 |
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Bedrock of the Community
Australia
21788 Posts |
Australia is perfectly happy with plastic banknotes. Had them since 1988.
Edited by sel_69l
03/21/2011 6:43 pm
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Pillar of the Community
 United States
3670 Posts |
Wow, since 88. Tech, more durable, harder to fake, makes sense seems like....
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Valued Member
Canada
442 Posts |
Im' going to have to get my hands on some australian notes to see if I can feel the difference!
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Pillar of the Community
United States
2541 Posts |
sometimes unrealized gains are worse than realized losses - you just don't know how greedy to get. I have no clue where silver is going, but I do know that if it goes to $250, I will probably not be collecting coins anymore because we will be in anarchy!
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Valued Member
Canada
442 Posts |
^ very interesting point.
Although in the long run, it may be for the best.
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Pillar of the Community
United States
3670 Posts |
I used 250 as in the title because you see all these click on ad links with "silver hitting 250 an oz soon"....
I think many may consider a sale if an when it hits 40 bucks an oz, and as close as it is now, we are talking two weeks to a month I am guessing if things stays the course....
What will you have then, a bunch of dollars, in which you can....
1. Re-invest in something better, if there is such a thing.
2. Save it/interest.
3. Blow it
I hear people here say all the time "I never thought I would see the day of prices listed at blank for blank"
Like try an tell someone in 2000 when gold was roughly 250 an oz, that it would be over 1400 in 2011, and many would probably say "No way, you will never see that day."
Why not silver, 250 and beyond one day, again I am thinking long terms, say a decade from now....
Edited by Silverhawk74
03/28/2011 9:46 pm
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Valued Member
United States
212 Posts |
Anything is possible that's for sure!
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New Member
United States
24 Posts |
I'm buying small amounts, strictly coins. However I am kicking myself for not buying more in 2010.
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Pillar of the Community
United States
3670 Posts |
I am in the same boat Centless, got in way too late, but what are ya gonna do, better late than never may not apply, but I enjoy the combined hobby/investment of the gold and silver coins....
Edited by Silverhawk74
03/30/2011 12:01 am
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Valued Member
United States
104 Posts |
I know I can't post the link but if you google 35 reasons why silver prices are surging , you can read it. Good, rational opinon from a investor. It's more about bars and stocks but hey I figure silver is silver and if it goes bust, you can still use it to buy a loaf of bread.
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Valued Member
Canada
442 Posts |
^ great read. thanks for the info!
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Bedrock of the Community
Australia
21788 Posts |
The 5 year trend line currently puts silver at about $29 per oz. That's with the current spot price at $38.
With so much recent upside, the parallel seems to me to be a bit like the situation before the GFC. If a correction comes, it is impossible to predict when. From examination of past events similar to this one, the price drop is approximately double the amount that the price is above the trend line. If that is the case, the correction price would be about $20.
That ain't to bad really. I have a feeling that not very many of us have bought much silver in the last year or so for more than $20. No big loss.
Just my thoughts . I am neutral. I don't buy bullion of any kind, and so don't have any sentiments on the issue.
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Replies: 57 / Views: 8,516 |
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Posted 03/21/2011 8:03 pm
