in my business i get a lot of silver coins. do any of you think the price of silver will ever sky rocket, or do you think its just a good idea to sell as i get them. im just wandering if the day will ever come when silver will be $200 an ounce or higher in our lifetime. just wandering what the experts think?
Sell it, silver will never be $200 an oz. in your great grand childrens life Sell it, silver will never be $200 an oz. in your great grand childrens life.
The world will probably be in a pretty bad place if our life time would see $200/oz for silver. fyi, You might like to check out the current value of the coins you are getting using the coinflation calculator.
Anything is possible. Consider the circumstances that might propel silver to those lofty heights and ask yourself how other investments might behave given those same circumstances. You may find other investments that would fare better...and fare better in a less catastrophic environment, as well.
That my friends is not only not possible, it's insanity - this time I agree with Kris That my friends is not only not possible, it's insanity - this time I agree with Krispy - we would be shooting each other on our way to buy smokes as a regular part of normal life. I got to say this and the $200 bill proprosal are 2 things I never thought I would ever see on CoinTalk, it's just nonsence!
possible anything is possible. all you need is a person to corner the silver market. its been tried before, you never know????
Just tell me what business you're in, I want to change careers! lol Does anyone here have a crystal ball, mine seems to be broken? If we could only tell with certainty where prices will be in the future, we could all corner the market. There are those that will try to convince you they can predict the market, but time and time again, they are proven wrong. Yeah, I remember when the Hunts brothers tried to corner the silver market in the 80's and drove it up to $50/oz. The government stepped in, applying the anti-trust laws, as well they should, forcing them to sell their holdings and the price dropped overnight.
I'm thinking that silver will go up a little over the next couple of years (inflation hedge). It might hit $25 but not $200 in this century.
"If everyone bought low and sold high, the Highs would become the Lows and the Lows would become the Highs" ...Anonymous
Yeah sorta, lol I take it the point is we can't all buy low & sell high because who would buy high & sell low, thus enabling the profits of those who buy low & sell high. In other words, we need the "sheep" to buy high and sell low, so others can buy low and sell high.
It's been tried, but then stopped. And since it's been tried, if someone tries again, the government will most likely be ready and prepared to step in and stop it. I can maybe see $25-$30. Nothing much over that though soon. With all due respect, Phoenix
Sure the price of silver may never reach $200 an oz but the silver coins you have may increase in value. Maybe even 200 percent!!
I think if you're in it for the long term, silver is always a good, solid investment. It has it's ups and downs like any other investment, but I personally think it is a much better gamble than blue chip stocks any day!
So, what if you had invested $1000 in the DowJones 50 years ago, and invested $1000 in silver 50 years ago. Which would be higher now?
