Next step silver - over $20.00

silver high today $17.51/oz
gold high $1,128.90/oz

some predict silver is going to outperform gold as much as 30% this year. let's put gold constant at $1,128.90. silver will then be $22.76 per ounce. and what will happen to ASE one ounce proof. another 30% up on top of $45.00 each. the result. ASE one ounce proof will be $58.50 each.

 

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elaine:

Silver is only up approx. 1.5% today... but the ASE proofs are not typically considered bullion, unlike this threads concerns. However, I think you are right to say we will likely see silver out perform gold in 2010, but there's a lot in the media driving that too. Only four days ago we were discussing the potential retail prices of 2010 ASE Proofs and other forthcoming Mint issued coins in your other thread, in regards to the US Mint's new pricing that's to go into effect soon. At that time I suggested,

...then a few posts later you suggested this about (the TBD) 2010 ASE Proofs:

*2008-W ASE Proofs were $31.95 each from the US Mint.

Today it's sounding like that 1.5% increase and/or our other discussion was impetus enough to get you to reconsider 2010s longer term silver performance potential and to get you to raise your guesstimate of what the potential 2010 Proof ASE retail prices from the US Mint will be for this TDB collectible coin. :thumb:
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Currently: In EU/UK markets...

Gold @ $1,128.80/oz.
Silver @ $17.53/oz.
Platinum @ $1645/oz.
Palladium @ $477/oz.




Apmex is currently running a St. Patrick's Silver Sale:
$1.99 over spot, any quantity ASE bullion, random years.

 

gold high $1,134.40/oz.
silver high $17.63/oz.

 

Currently: At the US opening...

Gold @ $1,129.30/oz.
Silver @ $17.55/oz.
Platinum @ $1646/oz.
Palladium @ $479/oz.

 

Some of the silver-mining stocks are interesting, too. This is no recommendation and Past Performance Does Not Indicate Future Results ... but I bought Silver Wheaton SLW stock back last September, and so far it is up 32%. I think a lot of the industrial commodities provide a good hedge against other types of assets, in general. Copper, rock salt (my, this winter has made THAT market come alive), oil, gold, platinum and palladium. As always, do your own homework.

 

Elaine,love your zest for PM! Silver is in a big bubble right now and it will take a big brake out by gold (which will happen,just not this yr ) for silver to move over $20? Just one balde mans opinon??? Oh silver is WAY UNDER valued it should be $35oz NOW! thats why i am buying soooo much now!

 

Currently: in EU/UK...

Gold @ $1,123.10/oz.
Silver @ $17.28/oz.
Platinum @ $1625/oz.
Palladium @ $482/oz.

US opening in a few minutes...

 

silver to $33.50 per ounce.

http://www.fgmr.com/silver-looks-ready-to-soar.html

 

That's quite a leap! This thread can't even meet a base of $20/oz. and this thread has been in anticipation of $20/oz. since 9/7/2009!

 

lol Krispy said it all

 

I was going to say the same thing. We must be dealing with a new born baby here, because the next step is taking 6 months!

 

see within this few days. the silver should pass $20.00 an ounce. also see platinum and palladium break this year new high again. dow jones should break 11,000 points. gold will follow too.

 

and what do you see will be the reason for this?

 

reasons are simple. speculative factor. supply and demand. and most people predicting that way. special the insiders.

 

that's hardly a solid stance for reasoning... and like I said before this thread has been anticipating a base of $20/oz. silver for almost 7 months so you're predictions don't have much to stand on, yet...

 

to see is to believe. let's check within two weeks time. if you win. then i owe you a sweet hug.

 

Good grief! Hopefulness is all you've got backing these predictions/statements? Why wait two weeks, let's make a big prediction for 100 years from now, deep freeze ourselves and come back and claim we knew all along how PMs would perform... :eating:

 

Oh Chris, you say the sweetest things..........:goof: