When will Silver be Cheap again?

Hi everyone. This is my first post.

I was wondering when you guys think silver will be cheap again?

I used to collect coins and stopped for many years.

I find it hard to buy silver coins when silver was 2.98 an ounce.

When will Silver and Gold be cheap again?

I remember when Silver was 2.98 and Gold 298.00 (I think it was as low as 254.00).


Thanks,
Steve (that Coin Guy)

 

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You managed to post this 3 times. That might be a record??? Hopefully a mod will come along and consolidate the posts. Anyways, welcome to CT Steve, and this is a question that I don't think anyone can answer. Personally I don't know if silver will ever go that low again. Who can tell for the future?

 

Hello Steve,

Ironically, this is also my first post. I kind of stumbled in here and this post caught my eye.

In my opinion, silver will NEVER be cheap again. Silver historically follows the price of gold and right now, gold is king. With world economies faltering, and their monies subsequently losing value, investors will flock to buy gold, and silver will go along for the ride.

In addition, silver has another factor that will help to bolster it's price, and that is its use in manufacturing electronics. Not as much in the past year, but in the last several years, China's use of silver has exploded.

Gold and silver prices for 2012 have consolidated at $1600 and $30 (partly due to huge fund managers manipulating prices as they tidy up their year end portfolio's), and I don't see prices dipping significantly below those levels at all, and if they do, it would be a very short term spike.

Anyways, that's my two cents, which is barely worth one cent these days.

Regards,

-Kurt

 

Only 1 thread is needed

Welcome to CT

 

I don't know it is all up to the market. I can predict what will happen but I am not totally sure. My banker said the market is not going good so possibly soon but that is my prediction. Also I don't think it will ever get that cheap again though.

 

Welcome to CT

 

As soon as:
1. Gas is $2.25 per gallon
2. There is peace in the Middle East
3. Bread is $0.99
4. USA and Europe gets their head out of their Edited, read rules and reduces debt

Then silver will be $15/oz

 

Starting three identical threads for your first question is NOT the way to go. Things get very confusing when people post the same things multiple times. Nobody knows which thread to respond to.

Anyway, welcome to CoinTalk.

 

Randy!!

Ha, nice to see you my friend. You really get around huh...lol

-Kurt

 

Bread is 99cents here

 

IMO silver will not get that low in the near future. Once somebody actually figures out how the price fluctuates, they'll be able to tell you.

 

Gold is king, silver is next? Whatever happened to platinum? People seemed to forget that platinum was once more expensive than gold and probably will be in the future. But right now gold is trending and is very popular, as for when silver prices will drop who knows?

 

Silver will be that low of a price when the apocalypse arrives and no one cares about precious metals but rather canned food and bullets to kill the flesh eating zombies. You can likely collect all the silver you want but unless you plan on throwing it at the zombies, you likely won't care about it either.

 

But... But with zombies comes vampires, and what is a good way to kill those? SILVER!

Edit: I totally deem my post legitimate with my avatar <--

 

I thought that was for werewolves? I can handle vampires with a decent reliable crossbow, making my own wooden stakes from the abundant amount of trees that aren't edible.

 

I stated here in this thread that silver is in a bubble and is waiting to pop: http://www.cointalk.com/t194114-2/#post1291430 I remember back in the summer of 2008 when fuel went up to a nationwide average of over $4 a gallon. Everyone said gas would never be "cheap" again. Well, in January of 2009, I bought fuel for as low as $1.54 a gallon in Utah. The major economies of the world (especially the U.S.) revolve around cycles and bubbles as can be seen with employment, oil and real estate, etc. It can be concluded that precious metals also go through these same kinds of cycles. It is just a matter of time now before the same thing happens with silver as happened with oil (from $147 to $35 a barrel, for example) and I predict in the coming months it will go as low as $6 an ounce.

 

Silver is cheap again. It was $49 and now you can get it in the low 30's. If existing trends in this bull market are any indication then this correction is over and the next blow off top will be significantly higher. Money has to keep being printed to pay off runaway government debt, and the more money in existence the less it will buy.

 

If one goes by long term trending via paper pricing, (ignoring the $50 bubble last year) then silver should be selling for around $26. IMO, there has been such a huge amount of mischief surrounding the paper futures market for silver, that I don't think there has been any true price discovery for the physical metal in a long time.

I recommend reading up about the price surge last Friday and why it happened for more information. If that increase was annualized it would represent a yearly appreciation of over 1700%.

 

What you asked about silver and gold is similar to saying "I remember when a brand new car was $2,000. When are new cars going to be $2,000 again?"

Sadly those days are long gone.

 

That is not a good analogy.

In 1980 silver was 50.00 (150.00 with inflation) and in the 1990's was 2.98 (maybe less) then it hit 50.00 again in the last year and is now 30.00

I was just wondering if you guys felt it would hit 2.98 again in 20 or 30 years. Not anytime soon.

I am sure in 1980 people also said Silver would not go down to 2.98 again but it did. It just took a long time.

Thanks,
Steve