Discussion in 'Bullion Investing' started by Tuco, May 17, 2020.
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The $20 silver is on it's way for sure, I don't know about this week but very soon!
The weekend is over. Time to sober up bud.
I have to be delicate with how I say this...
I think the deciding factor for the markets coming into the summer is how governments respond to politically, what changes in foreign policy and domestic will be in place, and how the markets will respond to the new tide post COVID. Either way, good or bad, I think we are in for a bumpy ride.
Geez, you young guys. It's Tuco from The Good, The Bad, and the Ugly (look at the avatar). Great role played by Eli Wallach.
Just watched that movie last week. Time to watch Fistfull of Dollars! Maybe I should change my name to Angel Eyes. My bad!
Normal being whatever is the average and recurring price range in a selected time?
One of my favorite movies. My wife and I, jokingly, call our neighbor across the street Tuco because he behaves much like Eli Wallach's character.
The next price peaks of all 4 major precious metal prices occurred within months of one another in the first half of 1980 (gold and silver, followed by platinum and palladium respectively).
Hawkish Federal Reserve policies of near 20% interest rates were possible at the time given the respective lower levels of debt throughout the economy at the time.
Today our global record debt levels and fundamental economic factors are profoundly different than they were in 1980.
In the ongoing silver bullion vs. US dollar value war, we are now more and more likely to see even steeper negative real interest rates and further fiat currency debasement as the primary mechanisms in future debt defaults and debt supercycle restructuring.
Many industry experts expect the 2020s to be great years for both gold and silver values respectively. Even going so far as to say new nominal record prices will ensue from 2022 to 2024 with another global financial crisis being the catalyst.
The following is a potential roadmap under such a scenario. Time will, of course, tell if the road ahead for silver possibly plays out like so.
The entire article can be found here : https://sdbullion.com/silver-price-history
You may run the risks, my friend, but I do the cutting. We cut down my percentage - uh, liable to interfere with my aim.
Hmmm maybe next week will be the week it gets even with where it was 10 years ago. But don't count on it.
You've done such a great job of predicting platinum recently, I have no doubt you're correct
Did you ever pay back the coin talk member you ripped off? I can't believe you think members will take your posts seriously after you were exposed as a cheat in past threads.
Not a bad week, still a net gain over .50 an ounce. Thankfully, I purchased silver in '19 and if I sold today would be up about $2,500 per monster box. Tentatively, set a target sell date of Jan '21 when I bought in. If there are guys who purchased in '10 I'd say hang in there, high silver prices are within sight!
how many monster boxes do you have, and who buys them from you?
You must be talking about selling those monster boxes to a silvidiot willing to pay these ridiculous premiums because silver sure hasn't gone up $5 an ounce even from the lowest point in 2019. With premiums even at the lowest spot price in 2019 you were paying more than what silver is currently worth. Good luck finding a silvidiot willing to pay $8-$10 premium. Even the dealers are asking lower now.
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