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 Replies: 27 / Views: 2,700 |
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Valued Member
United States
224 Posts |
I know this question has been asked several times, but perhaps this is a different spin on it.
How much higher will server move and why?
More importantly, if you think it goes higher, what in the market will take it higher? What will drive the demand?
In my rather flexable (on this subject) opinion, silver has only gone up as it was pushed by recent gold prices and really should not be worth more than 5 - 6 dollars per oz.
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Pillar of the Community
United States
1247 Posts |
IMO, the long term prospects for metals as well as coin collecting/investing is up. Not up always and forever. I believe there's going to be drops in gold, silver and coins. I'm rather counting on it--I don't have enough silver. But I don't believe the drops are going to be the typical 20 year famines either before they come back. Rather than inflation or deflation being the issue--(an issue that depends on "reports" from the most bogus institution of them all) I see the driving force as being pretty simple: ALIENATION WITH INSTITUTIONS. Tell me who it is that can we trust? The King of Bogus--federal reserve, governments, banks, wallstreet, oh I know, stock "research."  Even religion which used to be a refuge from the thieves, liars and shills seems to have a new scandal each day. What's left? What institution is left that isn't riddled with parasites? The alienation is there. If it wasn't, there would not be so much splintering, polarization, groups and tribes, especially on the Internet. We are fast becoming a tribal nation. That is what you get when people are so alienated that they believe it is only each other that they can trust, you get succession from the large and dis-trusted and re-forming into the small and trusted. Do a google search and you'll see that there are people on the internet that don't even believe Ken Lay is dead. They think he's sipping umbrella drinks in Bermuda. He's the Un-dead Ken. Does it get much more dis-trusting than that? So, there are hard assets and there's paper assets. People have to really believe in Institutions to believe in paper today. Oddly enough there seems to plenty of them out there. All I can say is: BTW, if grading issues persist and grow as they probably will, IMO, there will be succession from that rotted out institution as well. Lots of choices now with the Internet.    Edited by longnine009
10/28/2006 7:25 pm
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Valued Member
 United States
224 Posts |
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Pillar of the Community
Australia
3831 Posts |
Reading this site will help you understand how volitle the market is: http://www.kitco.comFrankly speaking, if everyone knew how to profit from the metal pricing, everyone would be a millionaire wouldn't they? Unfortunately, that's not the case. |
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Pillar of the Community
Belgium
2078 Posts |
It is an economical question of offer and demand Demand is greater then offer so the price has to go up On all materials there is the notion of above ground stock available for delivery This stock you can check at the attached site The stock has been going down and down Once it is dangerously low silver will shoot up above 50$ I leave it up to a university professor to define what the dollar will be worth in Yen and Euro and Renimbi etc at that time http://www.nymex.com/sil_fut_wareho.aspx |
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Pillar Of The Community
3147 Posts |
Ageka and Longnine I like your perspectives on whats coming. I can't help but laugh how they are touting the huge gains in the stock market trying to sucker everyone in for another huge drop! I can recall a fellow in the late 90's and early 2000 asking the American people, by way of TV, "Just how long do you think you can sell a worthless piece of paper for a profit before someone gets caught holding just that?" The amazing thing about the stock market is the little guy gets left with nothing but somewhere there is a fellow laughing his butt off with your money as it didn't just disappear. Someone, somewhere has it!!! In hard assests (gold and silver)YOU are in control of your buying and selling. If the cycle goes downward you MUST sit it out as sooner or later, which could be days, months or years, the cycle will return and the KEY to all of this is YOU still have the hard assests. In the rich man created funds you have nothing as your worthless piece of paper is now nothing more than a backup for your toilet paper supply or kindling for your next fire. It is ALL gone with no return on deposit!!!
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Member
United States
3242 Posts |
At year end it silver & gold make a jump up. I think it the folks cashing in the billion from IRS
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Pillar of the Community
Belgium
2078 Posts |
Terry The biggest joke I read this week is that a Trillion dollars is lost in housing that is not selling well any more and going down in price modestlyBut no problem about a Trillion dollar is added to fund and stock valued so that is a wash  As if it are the same people that have cashed out their home value to buy swimming pools and steel kitchens and plasma TV's are now suddenly owner of IBM or Microsoft or the Dow Jones  |
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New Member
United States
45 Posts |
Stocks may rise and stocks may fall. The value of precise metal will always be valuable.
Whether a coin is valued because it is rare or valuable because of the "junk" metal it contains, it'll always be worth more then value it represents.
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Pillar of the Community
United States
1247 Posts |
quote:
Originally posted by ageka
Terry
The biggest joke I read this week is that a Trillion dollars is lost in housing that is not selling well any more and going down in price modestly
But no problem about a Trillion dollar is added to fund and stock valued so that is a wash
As if it are the same people that have cashed out their home value to buy swimming pools and steel kitchens and plasma TV's are now suddenly owner of IBM or Microsoft or the Dow Jones
Yet another wonderful institution--The "News" media. Own and operated by Corporate America. Do they ever mention such trival things as credit derivatives that exceed the GDP of the entire planet over hanging the United States? Tell me what is going to happen if housing foreclosures start a derivatives meltdown. What would such a meltdown then do to the rest of the housing market when banks will no longer lend because they can no longer palm off their garbage loans to hedge funds? What will happen to the stock market? Do they ever mention that Warren Buffet once called derivatives weapons of financal mass destruction. Or are they too busy quoting a thirty-something wallstreet blowhard describing Warren Buffet as "out of touch." The stock market gains are no big deal. The dow would have to be at 15,000 just to break even against inflation. We don't have investments anymore in this country, we have games of mucical chairs. Think I'll put my faith in silver and Warren Buffett--who's actually been around long enough to know what time it is. |
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Pillar Of The Community
3147 Posts |
I am with you longnine and Ageka you know where I stand. I just hate the fact I had to learn most the hard way. Laying all jokes aside, why in the world would anyone pay a third party to lose your money for you? I have no problems doing that for myself for free!!! While precious metals may not turn those huge profits everyone is always dreaming about the upturns and downturns tend to be a whole lot slower and the opportunity to get in or out will not be an immediate overnight concern! I know it sure feels good to make a buy, wait a few months (or longer) and then make a profit once in a while!
For those of you who have not been made aware of some of the new terrorism (?) laws the buy and sale reporting level to IRS is NOW $5,000.00 instead of the previous $10,000 level required for years. They have also tossed around the idea that all dealers would have to report WHO is buying gold, silver, platinum and palladium---now get this----to make sure terrorists aren't over here investing in precious metals? Now come on, who in the ____are you trying to kid? We are not stupid as U.S. currency, coin and ALL precious metals can be bought from distributors all over the world. This is nothing more than the governments noose tightening on the necks of collectors in hopes of sticking someone with a few dollars of income or profit taxes which is pretty darned cheap on behalf of the government. Most of the rich have huge loopholes to avoid taxes and they are worried about me making a buck or two on any given Saturday at my coin dealer? More and more Americans are turning away from conventional investments, and the banking industry, so big brother is digging deeper? There are a hundred other, out in the open areas every weekend, events that would bring huge amount of sales tax and income opportunities they seem to turn a blind eye to, and have done so for years, so they target some guy buying a couple of eagles every weekend? All in the name of terrorism? All they are going to do is create a black market for silver and gold? What will they think of next?
Edited by crystalk64
10/29/2006 8:46 pm
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Pillar of the Community
United States
2270 Posts |
Every day there is less silver in the world and every single day there is more gold. Gold exists in vast stockpiles which would probably be sold into increasing demand. There are no huge stockpiles of silver and the largest are owned by groups and are tied up. The total value of gold in the world is hundreds of times greater than the value of silver.
There will be a massive realignment of the pricing of silver and gold. Even then the amount of silver will continue to drop.
Time don't fly, it bounds and leaps.
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Pillar of the Community
Australia
3831 Posts |
I don't agree with the line "every day there is less silver in the world and every single day there is more gold".
While you might be able to see a bank vault with several tons of gold, tell me - what kind of bank would hoard 50 tons of silver rather than 1 ton of gold? None.
It is a terrible deception that while gold seems to be more readily available in terms of bullions, the fact is, pure silver itself is not a very desirable metal as it oxidizes too readily.
My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. |
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Pillar of the Community
United States
1840 Posts |
Wow. Talk about tangents.
TypeMaster in response to your post: While the traditional price of silver used to be $5-6 an ounce for decades, I think that those days are over. The $10-12 an ounce seems to be be here to stay. Not due to shortages, which are usually exaggerated, but due to market control. Similar to diamonds or oil, I think silver producers now see the benefit of controlling the release of their product. I think the future price of silver will generally keep pace with inflation in the future. If anything will greatly change the price of silver in the future, I think it will be the investment sector.
Edited by snowman
10/29/2006 10:22 pm
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Pillar of the Community
Belgium
2078 Posts |
quote:
Originally posted by cladking
Every day there is less silver in the world and every single day there is more gold. Gold exists in vast stockpiles which would probably be sold into increasing demand. There are no huge stockpiles of silver and the largest are owned by groups and are tied up. The total value of gold in the world is hundreds of times greater than the value of silver.
There will be a massive realignment of the pricing of silver and gold. Even then the amount of silver will continue to drop.
I agree but I have a few problems with all kind of official reporting I understand the US gold at Fort Knox has not been audited in umpteenth years I understand part of the Belgian gold staid in Fort Knox after WWII evacuation or was it WWI I understand that gold sold forward or swapped or loaned is still reported as being in all European Central Banks with a snowflake in hell chance of ever being returned So somewhere in this world there is more gold every day ; I only wonder were ? And apart from that people are multiplicating a lot faster then gold is being dug up Imagine every chinese housewife wants one gold ring  |
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Pillar Of The Community
3147 Posts |
It sure wouldn't take long to audit my gold and silver!!! As for a prices go I must take a wait and see attitude as like it or not I (we) don't have any control over the ups and downs but we will always have control of that which we own. What we do with it and when is entirely up to us!
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Replies: 27 / Views: 2,700 |
Posted 10/28/2006 8:47 pm
