How true. Silver follows Gold historically (exceptions abound, I’m sure) but if the current pace keeps up Gold will break $4K on or around 01 November, and if it continues past that it is predicted (by yours truly) to be $4,500 by New Years Day. What Silver will be should track around $50 as well (contingent on a sustained current pace).
I think it will take a while longer. People like will have to do some soul searching at the 45/46 mark. I actually have some random stuff that I could part with around the 45/46 mark and not give it a second thought. My question, what to do with the conversion $$? (Say 1k -10k)
What would happen if silver dropped dramatically?? then what would you do.... but I wish would have sold it when the getting was good...
I think silver runs to 50 quickly after it breaks 44. I think it's going to happen before end of October.
In 1980 I had a lot (for me then, anyway) of 90%. At some point silver got to almost $50 per ounce (remember that was 1980 dollars, $1 in 1980 is equivalent in purchasing power to about $3.92 today) Oh, but I had tight hands. Still got most of it today...
When I was young (10 or 11) I meet Warren Buffett at a fundraising dinner event that my parents dragged me too. I knew "of-him" but really didn't know who he was or what the "big deal" was about him. I guess he could tell that I was bored because he took time to come sit by me and just talk. We talked for about 10-15 minutes and the last thing I remember asking him was "how did you get so rich". His reply, "everything has a value, don't worry about the cost just the value. If it's a good value buy it, if it's not then don't". I didn't understand what he meant until years later when I first started investing. Then like a light bulb being turned on, I finally got it. The price doesn't matter, is it a good value, you decide.
Remember that solar power is just starting and silver is needed to build solar energy. It will go up so it doesn’t matter to me when.
Many years ago there was a commercial that featured the economist Eliot Janeway. At the end of the commercial someone asks Mr. Janeway if the market is going to go up or down. His response was classic, "Yes, but not right away."