Silver Will Never Be Valuable

I have nothing to add but this line from Gandalf that I just happen to see on the screen

Don't underestimate......

 

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I wouldn't be surprised if silver prices are half of what they are now by the end of the year. Once the US raises interest rates people will put their money elsewhere!

 

wouldn't bother me 1 bit

 

Would be a great buying opprotunity!

 

Any decline below $14 would trigger a buying spree in my opinion. Most major drops lately have been met with intense buying and shorts unwinding.

 

Maybe its time for the FEDs to add on a few percentage points.

 

lol

 

Realistically the FEDs cannot increase interest rates without imploding the whole card house. I think that much should be clear by now.

 

interest rates can go up, maybe like .25 or .50, but would later have to go back down, closer to negative, like in denmark lol

 

I would think a dip below $15 would trigger a lot of buying. Seeing the silver price start with $14.XX would be pretty cool.

 

So glad to see that Eminem is still around. We'll see. It's getting frustrating watching silver flirt with $17 and get knocked back down. I really don't know what's going to happen, but I decided to buy some silver today anyway.

 

just watch the middle east for clues

 

Exactly.

 

I suppose if silver goes down a bit it's a lot like a negative interest rate investment. If it holds its own it's actually better than some of these bonds.

 

We got to $14.xx a few months ago, it didn't last long though I think it was there for less than 24 hours. $14.40 or so was the bottom I think.

 

I'm new to the conversation, but I recall the wannabe rap star saying that silver was $5 an ounce in 1988.

Does he know what silver was per ounce in 1979 or 2008?

By the same speculation, you could say the same of oil - which is at $50 a barrel or so right now.

Anyone want to answer what oil was at per barrel in 1979? And in 2008?

Commodities move - sometimes drastically based on supply and demand. Anyone that day trades metals is nuts, or makes money purely on the buy/sell commission or dumb luck.

Anyone that invests in them with long term view will do well, and studies before popping off comments about the future.

It ain't a stock market, and it ain't a get rich quick game. Just like real estate, you can make money if you have a conservative long term outlook.

I sold heavily when silver was above 30 and bought into the stock market. I'm liquidating out of stocks and have been buying metal the last year or so. With no additional cash in - I'm really sitting pretty. I'm already at 150% more metal than I sold and more to go. Even with mistakes I've made (we all do), I'm still sitting pretty.

Don't hate da playa bro - hate dat game! Werd to yo momma, sentence to yo papa, and a whole paragraph to your grandmama even!!!

 

I don't think the Fed will raise interest rates. If anything they might lower them still further. You are saying how could they lower them any more? The Swiss just came out with a 10 year bond with negative interest rates! That means people are willing to take less money at the end of 10 years just to have it stored in a safe place. They are betting on deflation, and bail-ins in the banking sector. In other words they are willing to take less for security. Silver is looking okay in that environment. If it can just hold its value and we can keep it, it will be a good thing to have.

 

I think silver is a great long term investment. If you look at silver's price history and it's myriad of medical and industrial uses there's no question it's undervalued relative to the monetary base.

 

How low do you think silver will go this time? It looks like it's swooning again. Any predictions? I say it hits around $15, but it could go lower this time...

 

Eminem, I'm tired of your aimless jive.