| Author |
 Replies: 48 / Views: 4,947 |
|
|
|
Pillar of the Community
United States
830 Posts |
Quote:
If you compare the last month's move in silver it is the envy of most equity investors. Yep, I got lucky on my purchase of SLV the end of June, its up over 17% since then. Nothing else in my portfolio can touch that.  |
|
Pillar of the Community
United States
2734 Posts |
Quote:
it could be another 20 years before it sees $41 again. That was the most hilarious sentence I've ever read on this forum.  It's already back above $40 right now. It could easily hit $41 tomorrow. (which would be only nineteen years, eleven months and three weeks short of joe316's estimate!) Ironically, joe316 could be right in another manner of speaking. It could be another 20 years before silver "sees" $41 again, as in going back down to $41!   Edited by DNA
08/02/2011 6:36 pm
|
|
Valued Member
United States
198 Posts |
97guns. Good deal!! You have made a wise investment. Gold is going hot right now. Silver will follow. Imagine if you bought 2,000 pounds at $8 and your $8 investment went to $48 in 3 years?
Do not listen to the silver haters. Don't get me wrong gold is strong. If you have a close melter and a lot of friends!
|
|
Pillar of the Community
United States
2049 Posts |
Quote:
Silver is currently $39/oz and will now drop lower with the U.S debt deal in place and the American dollar soon rising. Ouch as it could be another 20 years before it sees $41 again.
Interesting....silver is at $41.23 in the overnight Asian markets as we speak. Gold is at $1671.80, also up. How did that US debt deal work out for PM's? |
|
Pillar of the Community
United States
2734 Posts |
Quote:
It could easily hit $41 tomorrow. $41.58 in London as I'm typing this. Quote:
Nineteen years, eleven months and three weeks short of joe316's estimate Bada bing, bada boom! PM's would have gone to the moon if there had been no debt deal, but the stock market's lack of confidence in the economy is bolstering PM prices. Edited by DNA
08/03/2011 7:31 pm
|
|
Valued Member
United States
397 Posts |
|
|
Valued Member
175 Posts |
Gold shot up I seen $40 dollars the other day after the debt deal(If you want to call it that).....I think that is a pretty clear indication on how the dollar is doing. >_<
|
|
Pillar of the Community
United States
5832 Posts |
Now that the traders has made a profit today, other will follow for fear of loss.
There's probably going to be a smaller dips to follow days ahead.
I will wait till it goes to about mid $37 &mid $38 to buy, if it ever comes to that.
That's just my opinion.
Good luck to all of you that holds PM.
Right now I am buying semi key dates coins.
Edited by macmercury
08/04/2011 1:19 pm
|
|
Valued Member
 United States
117 Posts |
I'm also hoping silver will slope down a bit. At least till I can find another bar or two, at a good price. Then, silver can explode all it wants too. But preferably after Sept 8, so I can get some nice coins at a coming convention.
|
|
Valued Member
United States
304 Posts |
Your wish is being granted, 3 hours and -$4.00 later...
|
|
Pillar of the Community
United States
619 Posts |
Definitely time to buy silver now! Gold, not so much. Good thing I converted some of my silver to gold last week. I just got a couple of ASEs cheap on ebay. At APMEX, they're back below $44, and 1/10 AGEs are back below $200. Edited by CPC24
08/04/2011 4:18 pm
|
|
New Member
32 Posts |
Silver dropped like a rock today. That $41/Ounce that was paid isn't sounding so good with the current price being $38.95/Ounce. Nice investment.  Knew this would happen and as gold goes up silver will keep dropping. People are pulling out of silver and as you have seen investing big in the gold standard.  Still wondering what some people are thinking on here actually thinking silver had a chance at anywhere near $50/Ounce.  |
|
Pillar of the Community
United States
667 Posts |
Some pretty strong statements Joe. Though it did hit $41 which you said it would not.
I think your out on a big limb on this one, I know I am not ready to bust my credibility by saying it will not reach near $50 or even cross the $41 mark again.
I do agree with you that gold will be strong but I'm not ready to say silver is finished. I can't tell you where it is going but I do believe it will break the $50 mark prior to the end of the year.
|
|
Pillar of the Community
Canada
834 Posts |
joe316,
is just a internet troll that is all.
In other news, today seemed like a good day to buy the other silver ... Rhodium ... locked in 10oz through kitco
|
|
Valued Member
United States
117 Posts |
Cool. Getting my wish. Hope silver keeps dropping so I could get more. If it stays like this till Sept, I'll be truely happy. Then I'll be able to add more to my bullion stash and maybe a few nice coins for my collection.
My prediction: Silver will continue to drop till mid August, about the 15th. Then when the sheeple realize the debt crisis isn't over, but just simply delayed, it'll start a nice climb to $50 the rest of 2011. Then we should see a sell off at that point, which should bring silver back to $40, where it'll gain strength and probably stay at about $50 for the start of next summer. There, I said it. :P
|
| |
Replies: 48 / Views: 4,947 |
First Page
Posted 08/02/2011 6:34 pm
