sliver under $17

can anyone tell me the purity of the ASE coins? I know the AGE coints are quite imperfect in terms of gold purity, just wonder if the same thing happens to ASE.

 

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.9993 silver, .0007 copper

 

Dates: 1986-present
Mint: Philadelphia, San Francisco, and West Point
Weight: 31.101 grams
Composition: 99.93% silver, 0.07% copper
Diameter: 40.6 mm
Thickness: 2.98 mm

 

US Markets opening soon...

Currently in EU/UK

GOLD @ $1,077.90/oz.
SILVER @ $15.38/oz
Platinum @ $1503/oz
Palladium @ $419/oz

 

If silver keeps dropping I can afford to buy a bunch of it.

 

My prediction here was way off! I now believe silver will drop under $14 but at yrs end will make up ALOT of ground into 2011 where it will keep going up ?? Oh my reasoning for this? History (trends repete themself) .

 

Currently:

GOLD @ $1,074.70/oz.
SILVER @ $15.45/oz
Platinum @ $1516/oz
Palladium @ $423/oz

 

Well, here we are.......Oct. and the spot price has gone above $23 an ounce. I just want people to read this thread and see what was said. As we agreed, this was a gentleman's bet. I'd just would like to hear your opinion on this.

 

Well Pale, I really hope you haven't been selling silver on Shorts.

This is kind of like betting red on a roulette wheel and hitting a long string of black numbers. You can double up your bets knowing that eventually a red will hit, hoping your stake is enough to outlast the trend.

We all may be fooled by this run. Our economy is in the worst shape ever, in my opinion and there is no end in sight. IMHO

 

I concur. There are far too many factors that favor the PMs....especially silver. I don`t know about the climate regarding PMs in other parts of the U.S....but I can say that in my neck of the woods the PMs are scorching hot. People buying/selling at a pace that my local dealers have not seen since the early 80`s.

The more people that I talk to all have the same attitude regarding the current economy in the U.S. and the global markets.....They have no confidence in either party, some feel betrayed and are no longer going to vote, and others are thinking that the push for globalization will cripple the free market. Yet they all have no qualms about purchasing the PMs.

Silver under $17?......I`m glad I never bet on that horse. : )

 

Hello Everyone,
Just replying to thread to get on it and observe. Very interesting to follow from the beginning.:yes:

Thanks,
Steve

 

New prediction!! silver over $35 at the end of 2011?? Yes and i take full credit for "WILLING" it over the $23 mark. Can you hear the hoof beats of the pale ridder?? LOL

 

what is this prediction based on?

 

You know, If someone in the Kremlin sneezes, Silver might just double or take a nose dive, no pun intended.

 

my,prediction is based,on my guess,hunch,feeling,wish,and desire? I have NO insde info,the only thing i can say is our country is in bad shape money wise and this along with fear,doom,gloom. is driving the price up.

 

Call me negative or optimistic - depends.

I am thinking of a roller coaster ride within a month.

 

It is possible for silver to go down to $17 (and under) from $23 but how probable is it? Nobody really knows.

 

I like your style!

In times like this the only thing I am certain of is uncertainty. So hunches and gut feelings are all that we can really rely on. And when we rely on ourselves we must take responsibility, for we are the only ones we can blame. And if more people, government bodies, banks and companies would hold themselves accountable then I think we could find a way to work our way out of such uncertain times.

Everyone makes mistakes even the great Warren Buffett (Geico Credit Cards) isn't perfect. But if we can limit our failures or better yet be prepared in case we fail but ultimately be responsible when we do, then we can end up in a better place.

So, I say keep trusting your instincts, right or wrong but do it responsibly.

Raul

p.s. The hairs standing up on the back of my neck are telling me even though silver dropped today it will reach it's highest in November like it did last year.