Last time I checked a few days ago it was still under $18.00...And I thought that was high. Whats goin on??? And how high will it go?
If I knew I'd either buy or sell, but all indications is that it will continue to go up, how far who knows.
silver I was reading something earlier and now I cant find it.....Silver use to be a 50-1 ratio to gold......Now granted this was a speculation......but i was reading something else that says that silver supplies overall are lower than gold and it will continue to head that way........ it might hit a 8 to one ratio.......NICE!
hah, that'll be the day. 8-1... but we can hope then again, for us that also take part in jewelery, thats not very good at all!
My 'sell' point is $50 .... I set that as my threshold 2 years ago when I started accumulating and stockpiling silver here and there ... I hope we don't see it ... I'd have to sell my coins
Look for it to hit $20 today That's a good idea.. having a threshold for 'bullion'. I think I'll steal yours.. $50 sounds good.
My honest opinion - if you've got some junk silver that you don't care one toot about, maybe throw it on e-bay. Even if Silver goes to $50/ounce - it probably won't be a straight arrow deal - it'll dip and dodge and so forth. Me, I got a bunch of halves when they were at $3 each. I'm selling the ugly ones now - I make a profit, I'm happy. But I'm keeping the good stuff in the back saddle bag - just in case we DO see $50/ounce!!! I guess I'm saying - don't be the fool who wants to retire early on your bag of cull Morgans!! I used to "do" stock trades and such. The one thing I learned from that is: "In any kind of market, the bulls and the bears will win, it is the pigs that get slaughtered." Please keep that in mind as silver/gold/platinum keeps going up. Get your money back at least and then sit back for the ride.
It's the USD that is falling miserably against other major currencies so the prices actually didn't move up much for other major currencies.
$50 an ounce!!! Wow...that would make me sit back an consider. I also REALLY like the 8 to 1 ratio! That would be SUEEEET!!! How much would we be kicking ourselves if we sold out at $50 and then watched it go to that 8/1 ratio!!!! However...my core collection won't get sold no matter how high it goes. As some have said, it will go to the grave with me. I like this saying that Pocket Change said: " "In any kind of market, the bulls and the bears will win, it is the pigs that get slaughtered."
I agree with the 'if its junk silver you don't care about it' but my 'hoard' is one specific coin (a silver world crown) that I've spent 4-5 years accumulating at various melt prices ..... and the thought of releasing those 200 or so back into circulation or melt just for money makes me cringe. But NOT releasing them when I could make 4-5 times my original investment makes me stupid... not greedy. Sigh.
Was at a coin store yesterday where I hear a conversation between a customer and the employee there: "So what do you think will go up the most? Silver, gold, platinum, palladium?" "Sir, if I knew that, I wouldn't be working here..."
My estimated guess is based on many years of experience. I predict that the price of Silver and Gold will either continue to increase, level off and stay as is or begin to decline eventually. Keep watching and you'll see that I am corret. :smile
I couldn't agree more. It will either stay as is, move forward or fall back anywhere in the next week or two to several years to come. So you should either hold it or sell it.
