Cloudsweeper99

Willie,

Good observations about the potential impact of debt liquidation, and the suggestion to swap out of bullion if the opportunity presents itself. That's what makes it interesting. There's no such thing as a sure thing. I'm not too worried about the prices of gold and silver staying too low. But nobody can guarantee anything.

Speedy

And just how long is the Gov going to be able to keep doing that??
I would also say that some ASE have been melted down for the silver and so that does cut down how many are out there..

That is where you and I part...There are also people out there that would melt down any silver they had...even if it was ASE or silver coins if silver goes up that high...
Small people can and have proved in the past that they will make a difference...

So don't count your chicks before they come out of the egg...but then again...I better not either

Speedy

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Coin collecting is the only hobby in the world that you can spend all the money in the world and still have some left over

WINS - ANA - CONECA -

silvrluvr

I think GDJMSP makes a good point about the dollar. Probably a good reason to have some money in silver. The dollar shrivels....Wish I'da bought some Euros when they were .97 cents apiece!

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-Jeff in MN
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buy, buy, buy, sell, buy it back, buy, buy, buy....

WillieSutton

He does, as usual. Most posters, certainly not all, appear to be in the U.S. How about Canadian energy stocks (now correcting)!!

Willie

rick

GD, I've heard before that the price of gold has been set artificially high in normal circumstances, through actions of large players that could easily flood the market any time they choose, but I guess that would theoretically ruin themselves in the process.

Is there any truth to this?

GDJMSP

Ya know, I could care less if the gold & silver markets go up down or sideways. But for the past 35 - 40 yrs there have been 2 camps on the subject - both at opposite ends of the spectrum. And both camps each have forty eleven "experts" absolutley certain that they are right and the others are wrong. Personally, I completely ignore what both of them say and just observe. Now I said that because I want those who read this to understand that I don't have a side in this issue - as I said, I could care less.

But yes I will agree, there are entities who control huge quantities of gold & silver. And yes, if they chose to do so they could flood the market and cause the price to plummet. The same is true of any commodity - oil, diamonds, lumber, wheat - you name it. But how long those depressed prices would last would be the question. For eventually all markets will seek their own balance based on demand. It can do nothing else.

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anchor1112

silver today hit a high of $7.73 and settled at $7.71 per ounce.

tracy5900

silver break the eight years high of $8.29. silver traded as high $8.39 today at new york before backing down to $8.37 an ounce. gold hit $499.70 and platinum at $1,005.00 per ounce.

tracy5900

silver at $8.99 per ounce. can it break $9.00?. i think so. $10.00 is the next move. good luck.

p.s silver at its 20 year high. during 1984, silver high is $10.11 per ounce.

anchor1112

in europe and asia, price of silver continure to go up. now hit a high of $7.77.
the u.s. market open with a high of $7.82 per ounce.

anchor1112

now it is certain that the silver will go up over $8.00

Speedy

There is only one thing you can be certain of in coin collecting...and that is that there is nothing you can be certain of...

Anchor....no matter how much you try...there is only a 50/50 chance you are right...

Speedy

__________________
Coin collecting is the only hobby in the world that you can spend all the money in the world and still have some left over

WINS - ANA - CONECA -

Cloudsweeper99

There is a very high probability that silver will trade above $8. The only uncertainty is when this will occur. However, silver may move lower before it moves higher; it's just the way markets work. This has nothing to do with coin collecting. It's based on an analysis of the silver commodities market. Sometimes a coin-centric view of the world doesn't lead to the correct conclusion.

Speedy

Cloudsweeper
I know you call yourself an Invester and I think that may be way you think the way that you do but--

The market and even the price of silver DO have something to do with coin collecting...sure...there are analysis of silver what-you-mah-call-it but as I said before...its all guess's and you only have a 50/50 chance that you are right.

The market has lots to do with everything but with silver it would be how much is wanted....if someone wants LOTS of silver then that might drive the price up....note I said MIGHT....the market goes on Supply and demand....

Coin collecting also has a lot to do with the price of silver....if you don't think so you need to read some books on what happen when collectors melt their silver down and what happens when collectors hoard silver.....that my friend proves that Coin Collecting has something to do with the price of silver.

I'll reword my post....there is only one thing you can be certain of in this life....and that is that there is nothing you can be certain of....

I don't think I have a coin centric view of the world....but then the world centric is not in my dictionary so I can't make sure but I think I know what it means....

I think we will have to agree to disagree on this---Nobody on this forum or in the world....this means me, you, Anchor, or anyone can be SURE 100% sure what the market will do one day or the other....and prediction is one of the most risky things in this whole world of collecting.

Speedy

__________________
Coin collecting is the only hobby in the world that you can spend all the money in the world and still have some left over

WINS - ANA - CONECA -

Cloudsweeper99

You are correct that when you guess, your chance of being right is 50/50. When you "analyze" the odds get much better.

If you check out the silver market, you will find that annual demand exceeds annual supply with the deficit made up out of [shrinking] inventories. Everyone who ever took Economics 101 knows how that will turn out.

To think that coin collecting is a major factor in the price of silver is very "coincentric" thinking [to coin a phrase]. Maybe it was at one time when silver was used as money, but no longer. But it's natural to believe that your personal interest has an outsized impact on the world.

You are correct that there is no such thing as a sure thing. But when you've been around long enough to see continuous dollar depreciation through inflation, forecasting future long term price moves becomes easier. I have no short term predictions for the price of silver. But I think I know the direction of the price over the next decade.

Time will tell who is correct.