Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Bit by the silver bug?
>
Reply to Thread
Message:
<p>[QUOTE="Vess1, post: 1372348, member: 13650"]That was a very short term spike based on totally different circumstances. To me, there is no correlation between then and now. We now have long term, sustained levels that people are used to. $30 isn't a shock anymore. $40 isn't a shock anymore. People expect $50 now.</p><p> I still have some that I got back when it was $5 an ounce. I have some I got at $17. I sold some at $41. I have no doubt it can drop but expecting a crash to go below $20 ever again is unrealistic, IMO. Total pipe dream. A lot of people are investing in it now but it's still relatively few compared to how many are still in the stock markets. The price of silver is still cheap. </p><p><br /></p><p> In the 80s, the total national debt was $1 trillion. That's an annual deficit nowadays. The money creation going on is mind boggling compared to the past. You can't compare the 70s and 80s to now. It seems there's people that don't fully comprehend how bad it has gotten or the affect it's going to have on prices going forward. For everything, not just silver.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 1372348, member: 13650"]That was a very short term spike based on totally different circumstances. To me, there is no correlation between then and now. We now have long term, sustained levels that people are used to. $30 isn't a shock anymore. $40 isn't a shock anymore. People expect $50 now. I still have some that I got back when it was $5 an ounce. I have some I got at $17. I sold some at $41. I have no doubt it can drop but expecting a crash to go below $20 ever again is unrealistic, IMO. Total pipe dream. A lot of people are investing in it now but it's still relatively few compared to how many are still in the stock markets. The price of silver is still cheap. In the 80s, the total national debt was $1 trillion. That's an annual deficit nowadays. The money creation going on is mind boggling compared to the past. You can't compare the 70s and 80s to now. It seems there's people that don't fully comprehend how bad it has gotten or the affect it's going to have on prices going forward. For everything, not just silver.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Bit by the silver bug?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...