< $15 Silver: Is this something worth waiting on?

According to Reuters, Deutsche Bank has admitted rigging PM prices. DB also admitted to conspiring with other banks to manipulate gold and silver prices. What a shock!!

 

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Oh yeah baby... gold pushing $17 in pre market hours. Up 66 cents as I'm typing this !!!

 

Sell what you can. Historically you know what will happen. (Not to gold but silver.)

 

Since China gov't hording and China/India consumer increases gold/silver has really gone up before getting cool again. With gov't looking at gold, consumers globally, shut down of some mines, market option speculation .. prices fluctuate so much it's hard to look into the crystal ball and see anything but haze.

I even recall when Gold surpassed Platinum valuation, and it's still higher.
but there certainly seems to be a surge today for some reason. maybe the Grexit is affecting it, or mideast crude.

But so far silver has gained 21% this year.

 

Sept 2015

I decided to quote you - since you are clearly out of the dog house on this one.

 

Looks like $14.80 was about the low. Now climbed back up to $20+. Next year we could see $25 or at least averaging low $20's for a while.

 

14.80? I thought it was under 14 for awhile. wtf?

 

Maybe it did. There were some days I didn't watch the metal charts. I just remembered a little bit of 14 and then a lot of mid teens playing ping pong.

 

Well I look like a genius buying $1000 FV at $15.50 but in reality it was an accident. A happy accident, but an accident nonetheless. That is ok, even a blind pig can sometimes find an acorn.

I actually wish the "accident" didn't happen. A former coworker called me up wanting to sell a bunch of old silver. He had throat cancer. I bought them, but would rather he still alive today.

 

I recently purchased some silver coins, not junk, so my question is this, will the cost of say a PROOF silver coin go up when silver goes up? Or does that not affect those type of coins....Remember, I am a relatively new collector...so be gentile. Ha ha, Girldly

 

Does anyone know about bills? I recently acquired a 1899 Black Eagle $1.00 silver certificate. The ink is good, two corners not great...any idea on what these things sell for? I got it at an estate sale...don't want to say the cost until I know so I am not embarrassed.

 

The rule of thumb is, the closer a coins value is to spot the more it is effected by the spot price swings

 

Post it in the paper monet sub forum

 

Yes. It dropped down to the 13 range around new year I believe. $13.50 +/- if I remember right

 

Next year!? At the pace were going I wouldn't be surprised if we're past $30 by Christmas. Who really knows though

 

Gee, I hope you are correct! Amen to $30.00, lets soar to $ 50.00

 

Meaning, they increase as does the price of silver?

 

I AM SO SORRY TO HEAR THAT....

 

Thank you. Glad It was inexpensive...they are everywhere....

 

I agree...take a chance. The only universal form of currency....