Greetings, Does anyone else have somewhat mixed feelings about the silver run up? While I am glad to see it recognized and the value shoot north, I am a bit disappointed that it moved so quickly north as I was hoping to accumulate more in the near term, hopefully in the 16-17 range. Hey, not complaining, but where do you think silver is going in the near term? I am thinking it will break through 20 and then creep back towards the 16 range as these "bailouts and stimuli" begin to artificially and temporarily shore up the finances of some of the EU states. What say you? Laimbeer4452
I don't think it is possible to know what will happen in the short run. That said, silver and gold over the years of this bull market run seem to approach old high prices several times and fall back a bit before moving through to achieve a new higher trading range from which they repeat the process. So you may be correct. Time will tell. If you have a longer investment horizon, say 5 to 10 years, then I don't think it's going to matter whether you paid $20 or $16 for silver because either way you are going to make a lot of money.
I understand what you are talking about. I started buying when silver was $14. I was paying huge premiums at the time, as the market had just crashed and dealers weren't selling for just a few dollars over spot. The premium made the cost more around $17-18 an oz. So, now I'm in a position where the value is more than what I paid for it. But, I haven't stopped accumulating. I have a stop buying price, but it isn't anywhere near $19. So, I say keep buying and just cost average as you go.
Silver will become the average man's gold. I think it has alot of room to go. It is no where near the 1980 high of around $50 . Wait until there is a supply shortage in a few years. I am trying to pull as many silver halves from bank rolls as I can. I am hoping to be able to sell them off when prices pop. When silver comes down I'll take the case and buy nicer coins (eagles & maples). Silver will retest it's old high and break it. I expect after this $35 to be the floor.
I have around 8 ounces of silver bullion and im only 15 but i recently have stopped buying because of the price. I was reading something earlier that said in 2002 silver was only 5 bucks an ounce opposed to the 18 dollars an ounce we have today. I hope that silver will be then next gold when we see a need for it in the near future. I do have a question. How many years do you think it will be until silver hits 50$ dollars an ounce and 100$ an ounce So on and so fourth?
I started when I was 16, I wish I bought more :/. It is still undervalued in my opinion, I'd say keep going. Worst comes to worst you can sell it off for college tuition payments (my worst fear ) Anyway, as to the future price, it is impossible to determine that. If things were static except time, then I'd take the percent increases silver has had the past fiscal year and then see how many of these same years it'd take to get to 50$ and so on. But that is a terrible way to figure it out as it will be inaccurate. Demand and supply are constantly changing along with consumer habits and market fears. So in a nutshell, God knows
No idea when prices will move. Look here for some historical data. http://www.kitco.com/charts/ Your best bet is to search banks for silver halves.
Fifty, I hear you, and agree in some regard, but the $50 price point in the 80's was the result on the silver run by the Hunt brothers in their attempt to corner the silver market, apparently owning close to 1/3 of available silver. While I think it will surge long term, it is rather difficult to look back at that price in the 80's and say it was anything other than a full and complete manipulation of the market, not supply/demand related. To be clear, I am very bullish on this PM and will continue to accumulate through the recent run up in its price. Laimbeer4452
Duncan, Too hard to tell as the run up in the early 80's was artificial, in my opinion. However, I feel strongly that silver is a terrific long term investment. Demand for this PM will grow as technology advances and the supply of silver will fall short of the demand...thus pushing the price higher. Time line? Too difficult to predict, or even possible to do so. Laimbeer4452
yeah i live rely close to a U.S bank and a wells fargo ive gotten lots of silver dimes and quarters from then and a few 90% kennedy's .we all just got to hope silver skyrockets like gold
