all coins modern or antique will be readjusted to a higher price. and the trend will be continue to go up for many years to come.
china and india which countries are the future wealthy countries?. which countries are buying gold and silver?. can silver and gold continue its upward movements?. your comment?. p.s. silver hit a high of $11.16. gold high at $574.70.
gold recent high at $569.90 silver all time high at $52.50. it went down. so speedy you are correct. but now it is only $11.00. so it will keep going up for many years. p.s. gold toucned a high again at $574.70. silver high at $11.16.
I recently had an Ebay seller with whom I'd purchased a couple fo ASEs tell me due to the price of silver fluctuating (going up) and there would be an additional surcharge for future purchases Basically adding an extra charge to auctions after closure... B
Who's to say it won't reach $30 and drop back to $7? We can only guess it will keep going up. Compared to gold, silver is still a steal. I won't get worried about it until silver hits $20 or so. Then maybe I'll pay attention to prices a bit more.
So you are saying that it must hit $52 before it will go down? That doesn' t come out right....it might go to $70 or it might go to $11.50 As for that also....I don't think it took many years for silver to hit $52....I wasn't collecting back then but IIRC it wasn't very long. I for one am starting to collect more and more nickel and copper coins....for one thing the price of silver doesn't hurt them and for another everyone is hoarding silver and nickel and copper aren't getting much buying right now. Speedy
I'm just as happy as a bug-in-the-rug. Between what my OldMan left me and what I've accumulated over the years I think... I'll just hold it. Back in 1979-80 when it was so high my dad held his silver then as the value of his coins was worth more than the silver and he didn't need to sell it for anything. My collection was shelved and school had my full attention... Only during the past 5 or 6 years have I stated accumulating AG whenever I could and like my dad I just bought and held... B Here are a few casino rounds I picked up while at DeadWood a couple of years ago...
Back in the days of $50 silver the Hunt brothers were manipulating the market; today's jumps in silver prices are more related to a relative finite supply coupled with an increase in world demamnd: as with China.The pendulum is starting to swing[as with oil] to increase the supply of buyers and users of the commodity.Silver ,also has been grossly undervalued for years after the Hunt brothers debacle in late 1970"s so the price will reach its zenith and then retreat.How much?????? I wish I knew.
Price of silver Yes, but once you get above so many feet, that rule doesn't apply. Silver...11:00 today. Next stop: the moon. enjoy the ride.
I agree. The days of cheap silver are over. The price is correcting. What happens to silver, and how soon, will depend A LOT on what happens with Iran. I think The day you hear we and/or Israel are going to war with Iran, buy up every ounce of silver you can. Russia and china will be involved. Oil will skyrocket, and gold and silver will shoot for the moon. That's my 2 cents. Take it for what it's worth. I'm not a stockbroker or anything like like. I've been doing my own research and buying silver as time goes on. In the end, only time will tell what happens.
Disagree - remember that silver and gold prices went insane at the beginning of 1980. Why? Remember who boycotted the Moscow Olympics and during that time, the Soviet Union was and still is a major supply in precious metals. It cooled down right away when the Soviets agreed to supply the rest of the world with the badly needed metals. It only takes one nation and the rest of the world doing stupid things to jack up prices. The same applies to oil prices. But remember, if oil prices go up, the first to get hit are vehicles that use a lot of oil, which is the mining industry and electricity. Unless you can find a way to get mining industries on another alternatively, they will adjust accordingly to such quotas.
That isn't the way it happened dgoose. The Hunts did not manipulate the market. They were buyers of silver in large quantities, and a lot of it was through futures contracts. This is perfectly legal. Market manupulation implies some sort of price fixing or other illegal maneuver, which they never engaged in. Eventually, exchange officials changed the rules specifically to damage the Hunts and force the price down again by forcing the liquidation of their contracts. So it would be more accurate to say that the exchange officials were the manipulators and the Hunts were the victims, but the story was naturally spun differently. You can probably locate the story on the internet. It's pretty interesting.
silver is booming silver latest price. high is $11.70. gold is $587.20. the ratio is 50.19 to 1. note: prices will be change whenever it breaks a new high.
Silver actually hit $84 an ounce for about 2 minutes back in 1980 if my memory serves me correctly (or it was 1979), then it dropped to $64 an ounce and stayed there for several hours. The price then fell to $52 and held there for about 24 hours then the price gradually fell over several months. The Hunt Bros. for sure and I think there were others involved in a scheme to buy up tons of Silver and plant rumors to falsely inflate it's value, then they planned to dump their' Silver back on the Market and get even more rich than they were at the time. Well the Feds found out and the Hunt Bros. got burned (don't know what happened to the others.) but the damage had been done. It took awhile for the word to get out about what happened and because some folks were selling and others were buying Silver in a frenzy, the price stayed up for quite some time. Once everything calmed down, Silver gradually dropped back down to near the level it was at before the scheme was put into place. Frank
