What do you think Silver is going to be worth at the end of the year ?

Not in the short term, perhaps. But no one should be in PMs for anything less than a 10 years time frame.

 

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People who promise the world us going to end on Jan 7th 2018 can't be proven wrong until then either, doesn't mean I won't laugh at them now.

 

Maybe that's why we have a recent drop. Its already priced in. Then after the hike PM Go right back up.

 

That's what happened last time. But we also had instability in the French elections, bombings in Syria and Afghanistan and saber rattling from North Korea. After those passed, prices came right back down. It's hard to gauge.

 

Do you really think I was serious? WOW.

 

Many who make these outrageous predictions are 100% serious

 

Well I was making a joke. Absolutely nobody can predict what the PMs will do. I actually do hope it goes up, but I can't predict the future.

 

Like many i,am buying PM,S now for long term investing, buying in the short term
especially Silver doesnt make a whole lot of ( CENTS )

 

The first interest rate hike was DEC 16 2015. Gold opened at $1058 that day. There have been more hikes and still in those 17 months gold is up almost $200 or nearly 20%.

I don't know why an IR rate would drop PMS. I guess the theory is we are gonna move out money to a savings account for the extra interest. I'm sure the fees are still more than the 0.15% interest so I doubt its going to happen. I think we just get some fear selling before any IR hike but in the long run all an IR hike does is raise govt borrowing costs.

 

Agreed. Its got to be long term thinking. If you will need that money soon don't buy gold or silver

 

OK my bad. I have heard it so much I just automatically think its serious

 

The price of silver tends to drop near the end of the year. Perhaps folks need cash for Christmas gifts. I will go with $16.25 at the end of the year with a low of $16.00 on December 15th. If it goes lower than $16 in the next few months, I will extend my silver position in my Roth IRA. Otherwise, I'll wait until December.

 

Yep that's what I AM THINKING................ MINUS ALL THE ABOVE........

 

No major change in the price would be expected unless a change by the fed in interest rates or war. My opinion.

 

I can tell you exactly on January 1st. Until then, that's a question I can't answer. I mean, I think it will be worth SOMETHING, but maybe some guy will figure out how to 3D print silver on oxygen molecules from atmospheric air, using dirt as ink. If THAT happens, we're really screwed, because people will dig up the whole planet out of greed, and we will all either suffocate and or fall into a huge abyss as we hurtle into space and even whack our heads on shovels. Obviously, that would be bad.

 

I have heard of someone spinning straw into gold, but the recipe has been lost over time. LOL.

 

$14-17, maybe a lot more or less...I'm always right.

 

Actually, the theory -- and maybe the reality -- is that a rate hike will attract more buyers of US treasuries, thus cutting down, at least for a time, the demand for PMs.

 

Over the long haul as suggested, i think PM,S will rise, taking a hard look at
PALLADIUM !!

 

Silver and gold have been in a nice uptrend as far as I can see, so there is a little retracement right now. Although I am not buying silver or gold bullion per se, I am investing in rare coins that have silver and gold. The Russians and Indians are buying large amounts of gold and I would think that would put pressure on the supply side of things. Silver has industrial uses, so if the economy does well, so should silver. I would go so far to say that the rare earth metals are worth accumulating in the form of ETF's, ie LIT, PHYS,PSLV,SPPP, REMX and the likes.
Just my opinion, but I think debt in this country has gotten way out of hand. The value of the US dollar on the FOREX has been strong due to strength in our economy relative to other country economies, but this will not go on for ever. I follow the dollar and other currencies so just to get an idea on where monetary policy and markets may be headed. Personally, silver is a beautiful metal much more than gold, but not as rare. I think the gold/silver ratio is quite high and I would be looking for it to come down a bit. I think silver is a better investment than gold and certainly more affordable.