Is It Time For Silver?

Discussion in 'Bullion Investing' started by yakpoo, Jun 21, 2019.

  1. Bman33

    Bman33 Well-Known Member

    I am slowly moving away from silver. If the bull market on silver ever comes back I can always move back in at under $20 an ounce and be good to go. Someone here told me gold is King, and I tend to agree now. I am not a silver bear as I love the stuff but my focus will be gold and saving cash. The 2020 election looms and I think we'll see a wild stock market. My prediction for year end is silver $16 and Gold $1,450.
    crazyd likes this.
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  3. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    This is not a political statement at all....... I been trying to wrack my brain and remember this. Hasn't gold spiked the last two elections then slowly settled back down? Or is that some dream I am making up?
  4. Bman33

    Bman33 Well-Known Member

    2008 No spike, 2012 big spike, 2016 no spike. That's last three elections.
    Randy Abercrombie likes this.
  5. myownprivy

    myownprivy Well-Known Member

    Like we've said before, silver is a great buy if you can get it close to spot or with a premium close to that as what you'd pay for gold (3-5%). The problem with silver is premiums are typically double digits for government issued stuff (10-13%). And the stuff with low premiums are junk silver and generic rounds and bars. Junk and generic rounds and bars are bought back below spot. So the spread you pay is not good.

    When buying bullion the premium and the buy back prices are the factors that should matter most. Not what spot is and not what "you like."

    The key to silver is finding junk or generics well below spot and (especially) government issued stuff (Eagles, Maples, etc.) at premiums in the low single digits. If you can do that, silver is a good buy and a great complementary stash to your gold.
    crazyd likes this.
  6. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Someone has to set the record straight...LOL
  7. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Any change in leadership will cause a shift in policy, there for PM.S will most
    Always be affected, this isnt rocket science guys...LOL
  8. Santinidollar

    Santinidollar Supporter! Supporter

    I’m not sure what the “election cycle” has on anything since the “cycle” seems to be continuous and never ending. The next “cycle” seems to begin the day after the latest guy or gal gets elected.
  9. crazyd

    crazyd Active Member

    My view as well. I dont have a ton to invest each year (tax law changes hit me hard this year) but when I do - its now just 2-3 silver coins and then fractional gold coins from now on. No more "all silver" years for me. I also dont like the higher % markups on silver coins vs gold.

  10. Brian Calvert

    Brian Calvert Active Member

    Think you are correct until after the election. I hate to bring that up, but know the monetary Policy very well. We are in for much higher silver in 2021. Geopolitical will have little to do with it unless they continue this absurd policy we use now.

    I can see Silver in the 40s and Gold well over 2K in 2021. Listening to the guys online that TELL THE TRUTH is hard because the Truth is a hard sell. People don't like to deal with reality, consider it doom and gloom.

    All one really has to do is look at REAL INFLATION vs CPI and know that we are being setup by those with the billions. Honestly, how can 3.35$/hr in 1983 be compared with $8.00 hour today. If you use real inflation numbers from that date, the honest Min. wage should be about $18.00/hr. With $18.00 an hour I can afford the same as I did then, the cheapest apt. and minimum living expenses.
    Thank God I am not in that situation, but it is the truth.

    And by the way, those that made $20.00/hr in 1995 should be making $47.00/hr today. that is how far out of compliance the economy is, it is coming, and in a BIG BIG way!
  11. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Evert PM has a pressure point or bubble, i like Silver allot have a nice 10 OZ
    Bar collection going, i use the word collection not investment, Silver is ok
    But i think its a poor man,s gold, not everybody has $1,400 to buy an OZ
    But many have $15 :)
  12. Bman33

    Bman33 Well-Known Member

    UP over 2% today. We'll see if it can get to $16
  13. goldcollector

    goldcollector Member

    Been hearing this garbage forever and its always wrong. ALWAYS.

    Funny now the "historical norms is ~60"
    That's not what the silver nonsense was claiming back when the GSR was in the high 30s. Nope back then it was going to return to the historical 16.

    Anyways you better get your silver now. Its going to be extinct next year. I love how people down deep know that all the silver claims are Bull so much so that they don't even hold the silver liars accountable. Silver extinction 2020 was all the rage. Now you all have selective amnesia.
  14. goldcollector

    goldcollector Member

    See this is why the silver side is not taken seriously. This prediction both the silver price and GSR is patently absurd. The silver side has never made sensible, analytical arguments, rather just pie in the sky powerball.nonsense. Go buy a powerball ticket, you have a better chance.
  15. myownprivy

    myownprivy Well-Known Member

    You are accused of stealing from another member. You insult people who buy silver. You make fun of them and say they must live in trailers and buy powerball tickets. Yet, from all I can tell you are a middle aged man who lives in an apartment and advocates we should all own gold.

    We should rename you pyritecollector, because you're such fake luxury it's pathetic.
    Stevearino and masterswimmer like this.
  16. rte

    rte Well-Known Member

    If you buy right and sell for a profit, what's not to like?

    I picked up a nice 1 ounce silver art bar with $17 in casino winnings and turned down an $88 offer on it recently.
    I figure it's worth $100 and I don't need to sell it cheap.
  17. Bman33

    Bman33 Well-Known Member

    Closed right at $16. Something is going on. Let's shoot for $17 now.
    slackaction1 likes this.
  18. SilverSurfer415

    SilverSurfer415 Well-Known Member

    It has something to do with Area 51.
  19. Collecting Nut

    Collecting Nut Borderline Hoarder

    Up again at the moment.
  20. Bman33

    Bman33 Well-Known Member

    $16.25, not too shabby
  21. myownprivy

    myownprivy Well-Known Member

    What a pointless post. We can all read the charts. This contributes nothing.
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