Continue uprend for silver ($60.00) & gold ($1,023.00)?.

I wish I woulda got in alot earlier...

I've been buying since 8.50 an O, now its at 12.91 that a +4.41 difference per O....

 

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statehood silver quarters

speedy, your dealer might be a smaller one or you frequently visit them. i said the price range and the maximum is 150.00. the big dealers with a lot of publications and ads. like littleton etc. you will pay more. besides the price of 150.00 will be published on well known magazines. i repeat, that is the maximum price if silver is at 12.90 per ounce. well, you can even buy it below 100.00 if the person doesn't know it. besides, you even does not know before that you would have sell your stuff 5 dollars more. anyway, i still like you speedy.

 

I think what is going to happen, is that the price of Gold and silver will get so high, that people will start selling all the gold and silver that they have, flooding the market with gold and silver, making it more common. At the same time, mines will reopen because the price will get so high that it will be worth it to mine the stuff again. All that will make the prices go down, and mines will close, and the people that were selling the gold will start buying it just because the price is so low. This will cause the prices to rise.

 

I read a article once how some of the larger dealers that put ads in publications and such the way they sell their overpriced item is this....they put the item listed for like $150 and put below that they will buy the same item for $145....so people think that this must be going up....they buy but don't sell and then when they try to sell its for $100....just because a dealer is large doesn't mean he is good...it doesn't mean he prices his items.
No one knows for sure what the price of silver or anything else for that matter will do....by tomorrow morning silver could be $4 again....then again it could be $40....as I've said many many many times....this hobby is a game...a fun one for most who don't care like myself if silver goes up or down...but it is a headache for people like you who need silver to go up

Speedy

 

Simple economics: strong demand brings supply to market

 

IMO there are way too many variables. Here's a few of what may be hundreds:

Globalization may also mean that no one will be an "economic power" for very long. Right now the wages in China in some industries have gone up 40%. Globalization, IMO, means that living standards can only go up so much and then they'll be someone somewhere that will do all cheaper. Vietnam may be nipping at the heels of China and India in the near future.

Over the next 20 years, if all things remain the same, (and they surely won't) living standards in developed countries will continue to decline and in developing countries they will continue to increase but only to a point. And then they'll be in the same boat as we are. Luddite reactions in developed countries (see Paris riots for illustrations ) and in developing countries that are ousted by another developing country might drive the price of gold and silver more than anything else. The "New World Order" is not going to be orderly at all.

But what if it really got bad? Then maybe a 3 foot banana clip will be more "innovative" and valuable than gold or silver? There might be a lot of preceived utility in being able to just lean over on your AK47 and hold the trigger

Alot of mine production comes from unstable countries that appear very much to me to be going Marxist which may be bad for supply.

But then again there is always an above ground supply of silver. If the price goes high enough people will be selling their coins and art bars just as they did it 1979. Isn't Warren Buffet sitting on 120 million ounces of silver that he could sell off if the price went high enough?

47% of silver is consumed in electroics and the U.S is the consumption king. But for how much longer? Sooner or later 5 minus 10 really will equal negative 5 no matter how much mushroom tea the Federal Reserve drinks. Which brings us back to China. Even if they aren't ousted in the near future as Walmart 's cotton plantation, how rich will they be investing in U.S Treasury bonds?

 

I would like to see silver go up when I have bought a little more of it, and for gold to go down so I could invest in tha as well.

 

silver breaks $13.00

silver could go as high as $15.00 to $16.00 within two weeks period. for long term. i see silver go up over $30.00.

 

Now exactly what do you think the Lone Rangers Silver bullets would be worth at this rate? Do you think he would still be making his bullets out of Silver if he knew about these prices? Better question would be where did the Lone Ranger get his Silver? How do we now that it was not really pewter or Tin or Zinc?

 

In the story, the Lone Ranger had a Silver mine up in the hills....that is where he had his silver bullets made

Speedy

 

Interestingly, I look at it as being just the opposite. Since I'm probably 75% investor and 25% collector, I can buy what I like whenever it is offered at a low price. When silver prices rise to nosebleed levels, I'll look around for something else that isn't overpriced, and maybe use the profit from trading in a few silver coins to fund it. The hobbyists are at a disadvantage. If someone is working on a date/mintmark collection of, say, Franklin halves they are forced to pay the higher prices because they are mentally and emotionally locked into a course of action regardless of price.

 

silver $13.70 high

silver is heading to $16.00 per ounce. let's watch it. p.s. as of this writing. silver is $13.96, gold 620.70, platinum 1,121.00 and palladium 368.00 per ounce.

 

hehe....since I'm working on PROOF Franklin halves it doesn't worry me....the price of Proofs haven't been hurt by the change in silver!!!

Speedy

 

I may be crazy but I am not selling yet.

 

You beat the system so far.:hail: If there is something you really want that you don't have, it might be a good idea to buy soon. I'm seeing coin prices go up pretty fast now in the places I look.

 

You aren't crazy. Prices sometimes move much more than anyone can possibly imagine ahead of time, and this really really really looks like it could be one of those times. I have no special insight into what will happen, but I expect gold and silver to take most coins up to record high levels within a few years. I'm not in this for a small profit. I want an obscenely huge profit. And I'm willing to lose all of the appreciation I've made over the past three years to get it.

Hopefully, that doesn't sound too greedy:high5:

 

Good attitude!

 

Guess that makes the ratio 44 to 1. Seems like only yesterday it was over 50 to 1.

 

$14.28 for silver

gold $629.70
platinium $1,127.00
palladium $375.00
silver $14.59

1000 face pre-1964 silver coins $10,665.00
american eagle unc coins $17.06 (kitco)
maximum retail price for modern silver dollar $19.50 (with box & coa)
maximum retail price for statehood silver quarter $4.75 (common date)
maximum retail price for 5 pc silver statehood quarter $23.00 (commom date with case butwithout box & coa)

 

I'm buying toll Spot hit or Breaks 15, then I stop buying and watch....

However, I don't plan to sell any unless it hits like 60+, then I'll maybe sell of a few 10Oz'ers to pay down some debt...

My goal is acumulation... I want to see how many oz's I can get in llike 25-35 years and where its at then... Hopefully, atleast tripple what I paid...

I feel more comfortable with this than the stock market for several reasons....