what is your sell point for silver?

This reallly isn't the appropriate forum to post NPR links. Besides, they aren't qualified oil analysts. If you want to learn a little about markets and economics, my suggestion is to stay away from political sites regardless of their affiliation.

Like all market prices, oil and silver and coins will fluctuate, and after the recent runup a pause and price consolidation should be expected. But so far there is no bubble in sight. After a lot of people were caught in the tech stock bubble, they began to call every significant price rise a "bubble" without really knowing what they were talking about. So it goes.

 

Log in or Sign up to hide this ad.

buy buy buy, never sell

 

Yes, you sold too soon. Got anything else you want to sell at $12 lol i'll buy it up

 

Getting ready to sell of some Junk Silver (Damaged/Heavily Tarnished pieces, some Canadian silver), but only to use as credit towards some coins that the Metal Guys recently got.

 

sell point for silver?

Rather than a dollar point, I would look more at the ratio between silver and gold.

Right now it's 48 to 1 and early last year it was about 70 to 1.

Historically, it's been between 15 and 20 to 1. Even in the great bull market of the late 70's, gold peaked at 850 and silver at 50 which is 17 to 1.

that said, I think we're in a long term bull market in all commodities including the precious metals. most last for 15 years or so and this one started in 2002 which would give us another good 9 years of bull. however, I've heard some talk about a 40 year bull market in commodities.

and there is the possibility of peak oil hitting and cranking oil to 200 a barrel. what impact that would have on gold and silver, should it occur . . .

anyway, at this point, I'm still buying,

rono

 

I've actually heard that saying quoted as 'pigs get fat, hogs get slaughtered' ... meaning a little profit is good just don't try to get the whole trough.

 

That's probably the original saying. What I had quoted was from a previous life when I was active in the stock market. I'm guessing someone modified it for the market. Same idea though.....