Next step silver - over $20.00

Ok I lied, I didn't sell my silver like I said I was going to.

Something tells me to sell, but then something tells me don't. The supposedly "fundamentals" tells me not to. The naysayer side of me says to just sell before I become an old man and silver finally hits $20.....if that were to happen, let's face it, it wouldn't have been worth it at all to invest in PM's....

 

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Glad to hear you held on again. The sell or not to sell discussion we had a short week+ ago seemed not to have vanished yet and then you began to wane. I think giving it more time you will be pleased you waited, even if we go through more pull backs in the short term. :smile

 

my new prediction for gold:
year end 2010 - $1,300.00 to $1,350.00
two years from now - $1,650.00
five years from now - $2,300.00

as for silver:
end of 2010 - $20.50
end of 2012 - $25.50
end of 2015 - $36.00 to $40.00

my dear krispy gonna cry out loud at me again.

oh dear. that's only my prediction. don't get upset. alright. i give you a 500 mg kisspirin.

 

LOL! How about 500 grams of pure gold!

 

Yeah, I mean, at the end of the day, even when silver drops, I don't mind owning it. It's only if it really drops that I start to wonder. Again, I'm not an economist and I am going by what I think should be the fundamentals. And again, the money I've put into this is money that I'm willing to gamble with....


The relationship you and elaine have here is quite comical.....

 

you want those with red spot. or hot gold with oil, powder and lotion.

 

I love my Silver.. Last few years have been a bit nuts but got lucky and got a bunch when It was low.. Was it last year? The Year before...?? It was under 10.00.. And I had some extra $$...
I tell myself that I will be selling it when Silver hits 20.00 but to be honest.. I won't.

 

that is what i'm gonna give you krispy. you need it so badly. you are very hungry. i mean hungry for a real gold. you got it baby.

 

LOL! Thanx Elaine

 

so dear krispy. give us your prediction for gold and silver as indicated. year end, 2012 and 2015. thanks.

 

Too far off to even wager prices. I'd only end up needing to revise it every six months. Hold your PMs now for the long term if you have that much time before you plan to sell.

 

Glad to see the rise, but even eBay buyers are looking for a bargain. I really don't know whether to sell a few rolls of quarters or sit on them. I already bought groceries for the month.

 

When I was up in Boston, a week and a half ago, I brought with me four rolls of silver eagles which I planned to sell in order to augment my purchases at the ANA Worlds Fair of Money. Silver spot at that time was roughly $18.00. The first guy I visited said he'd give me $16.50/ounce. Not too shabby I thought. I figured I'd get 15-20 % less than spot, and $16.50 seemed like a fair offer. He told me he didn't have the funds handy and had to wait for his partner to arrive (early morning arrival by me, and the show was just opening) as he didn't have the funds to purchase my "eagles". "Stop back in about an hour" he said. No problem, I thought, I'll just take in some of the show. So my daughter (who had accompanied me to the show)and I walked around and perused a few exhibits and dealer tables to kill a little time, whereupon I came upon another person (dealer) who I asked if he was buying silver eagles. Indeed, he said he was. "What price" I asked. He told me he'd buy my "eagles" at a dollar over spot. I almost fell over. I never dreamed I'd score such a deal.

This tell you guys anything? Maybe this guy's got a crystal ball.......

 

SPOT MARKET IS OPEN
closes in 19 hrs. 37 mins. 27 secs.
change since 19:00 London Time
Price: US$/Oz
Aug 26 2010 9:37PM NY Time
Bid/Ask 18.94 18.99
Low/High 18.86 19.19
Change +0.01 +0.05%
30DayChg +1.30 +7.37%
1YearChg +4.61 +32.17%

 

Great story Ken! Very good lesson for us all to take heed from. Don't sell to the first offer, don't get too excited that you found a buyer, don't get swept up in the moment. Glad to hear it really worked out in your favor! Thanks for sharing this.

 

I no longer have to sell for less than silver spot ever again. I love having a reliable mobile junk silver person. If I think a coin has something special about it I can even get over spot. Never gonna have to sell gold nor silver under spot again.

 

Chris, when I first joined this forum, I used to have a signiture line which read, "No amount of planning ever replaced dumb luck". I fully expected to receive way less than "spot", and was quite overjoyed when I received an offer "way" over. But you are indeed correct my friend. Don't jump at the first offer....

 

right now the gold is $1,236.00 while silver is $18.95. the silver can jump up at least to $20.60/oz. if the silver have a good news. and gold stay at it is. $1,236.00 an ounce. the ratio will then be 60 to 1.

 

God I love that girl.....