How true. Silver follows Gold historically (exceptions abound, I’m sure) but if the current pace keeps up Gold will break $4K on or around 01 November, and if it continues past that it is predicted (by yours truly) to be $4,500 by New Years Day. What Silver will be should track around $50 as well (contingent on a sustained current pace).
I think it will take a while longer. People like will have to do some soul searching at the 45/46 mark. I actually have some random stuff that I could part with around the 45/46 mark and not give it a second thought. My question, what to do with the conversion $$? (Say 1k -10k)
What would happen if silver dropped dramatically?? then what would you do.... but I wish would have sold it when the getting was good...
I think silver runs to 50 quickly after it breaks 44. I think it's going to happen before end of October.
In 1980 I had a lot (for me then, anyway) of 90%. At some point silver got to almost $50 per ounce (remember that was 1980 dollars, $1 in 1980 is equivalent in purchasing power to about $3.92 today) Oh, but I had tight hands. Still got most of it today...
When I was young (10 or 11) I meet Warren Buffett at a fundraising dinner event that my parents dragged me too. I knew "of-him" but really didn't know who he was or what the "big deal" was about him. I guess he could tell that I was bored because he took time to come sit by me and just talk. We talked for about 10-15 minutes and the last thing I remember asking him was "how did you get so rich". His reply, "everything has a value, don't worry about the cost just the value. If it's a good value buy it, if it's not then don't". I didn't understand what he meant until years later when I first started investing. Then like a light bulb being turned on, I finally got it. The price doesn't matter, is it a good value, you decide.
Remember that solar power is just starting and silver is needed to build solar energy. It will go up so it doesn’t matter to me when.