Is silver going to dive?

You were the ONLY sane voice on CT Yak? Maybe I should go back and look to see what Cloud and I were saying back then.

 

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Back then, the consensus was that silver was "fairly valued" @ $134/Oz. I'm sure you and Cloud didn't buy into that hype, but I don't recall anyone else saying silver was fairly valued @ $18/Oz.

I'll go back and check...:kewl:

 

I think copper is going to $60. So you would fall off the chair if I mentioned how high silver would go during same timeframe.

 

You're right...(my bad)...you, Cloud, and others didn't buy into the hype, but many did.

http://www.cointalk.com/t163365/

 

Wait 3-5 years.

 

I made a number of sales between 12/10 and 09/11 and I believe I stated that clearly. I also stated that I was not selling everything and I still own what I did not sell. $20 has been and still is my maximum buy price.

 

http://www.kitco.com/reports/KitcoNews20110328AS_silver.html

http://en.wikipedia.org/wiki/Silver#Other_industrial_and_commercial_applications

http://www.eetindia.co.in/ART_8800670788_1800007_NT_4e2f2699.HTM

http://www.earthtechling.com/2012/03/solar-may-shift-from-silicon-to-silver/

etc

Silver is NOT going to go down in the next 5 years except for little bumps in the road.

 

http://www.cleanenergyauthority.com/solar-energy-news/silver-prices-force-innovation-071812

 

In the longterm, those that have silver have it. I think that is wise. At any price in recent years will be profitable if held long enough (5 years).

 

There will be a Civil War in this country before that happens...and I'll be carrying the flag! :thumb:

 

Yes. It would take something unbelievable for $60 copper. Tough to even consider, consider how hard it is to make ends meet now. I am just trying to pick up a piece here and there - ounce by ounce, sometimes only a old Mercury Dime every few months. Need to get debt down, and build a savings for some more silver.

 

Silver is poised to crash within the next year. When I say crash I mean it will go down to $6-$9 just like the good old days. Silver should have never gone up as high as it has within the last 5 years. Silver selling for $25-$50 an ounce was due to nothing more than an artifical bubble inflated by bullion investment firms that have been all over the T.V. touting how safe silver is as an investment. The time has now come for that bubble to pop.

As a side note, I haven't bought a silver coin in about 6 years due to the artificial inflation of the silver market but when it finally goes back down to $6 an ounce I will once again enjoy buying silver dimes for 30 cents, silver quarters for $1.50 and Morgan dollars for $6-7.

 

6-9 would be nice. But 12-15 feels more likely. Don't ask me why. I have vision the other day after pondering the other day. I saw the number $12.

I wish I had thought to ponder "When."

 

as a collector I would rather like a long low price time

 

I may be wrong (I have been before) but I just do not expect to see $100 any time in my life

 

Danr, are you close to your 99th birthday? I hope you live long enough to see $100 oz silver but then again, times might be pretty tough once commodity prices get that high - any of them. Cattle and fuel over $100 pound/gal is tough enough. (granted the cattle producers need that price to keep going).

 

I am buying strictly numismatic silver - I used to buy bullion in the $4-$9 range. After it hit $10 I thought "this is crazy". The good part of the high prices (gold not silver) is that it suppresses mintages. (I consider things like reverse proof eagles to be numismatic)

 

Well,

I am on record somewhere back there that I was short SLV. So I not only thought it, I put my money where my mouth was. BTW, that position has since been closed and I have no position in SLV

 

I wish I could say that the world's social, religious, political , and economical conditions would give the world fuzzy, happy , peace and love and support for one another which might support silver between $5 and $7, but I don't see it in the near ( or for me far) future. I also do not see as strong support as gold. Every few weeks, we see fresh nations being drawn into the same problems that the US has been in for several years. I do not see the value in metal gold as in the hard hit producers or the rare earth miners at this stage, but each to their own. Stay away from diamonds no matter how much they glitter IMO.

Jim

 

There is an article today that said Scottish researchers have discovered that gold can be used to dramatically increase the capacity of batteries that could be used in electric cars.

Of course this would bring a whole new meaning to car thievery.