Next step silver - over $20.00

"Next step $20"

 

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I'd be perfectly happy with that! With all the other PM's making quite a move, I am wondering if silver is ONLY moving because others can't afford or don't want to pay the current prices for gold....

Kinda like the last guy picked to be on your basketball team....

"Fiiiiine!! I'll go with Silver..."

 

Currently:

GOLD @ $1,188.20/oz. High so far $1,188.60
Silver @ $18.86/oz. High so far $18.87
Platinum @ $1,747/oz.
Palladium @ $551/oz

 

Very plausible for the small fry / individual investors, which is partly why I have been talking all year about why silver will continue to be strong (and stronger than gold) this year.

 

I wish I were around when silver were $10.....12...heck I'd even take $14 bucks.... perhaps it's pyschology, but it just seems anything under $20 is still a deal....

That is as long as it slowly but surely climbs passed $20 at some point....

 

You were around... just not buying I suppose:



At the current levels and growth, I think anything under $30 should be viewed as a bargain and anything under $50 a long term steal.

 

What a shame...what an absolute shame!! I missed out on a buying opportunity of a lifetime by 1 year!!!!!!!!!!!!

 

Currently:

GOLD @ $1,188.50/oz. High so far $1,189
Silver @ $18.87/oz. High so far $18.88
Platinum @ $1,748/oz.
Palladium @ $551/oz

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I don't think so, keep up with steady incremental buying on the current dips and long term you will likely be pleased. Let the past price be your motivation for what today's price may also look low to you or other beginners in 5-10 years on from now.

 

Yeah you're right. When I see activity like this, it makes me want to hold off my selling. I suppose in the short span of my silver ownership, I haven't seen much movement which made me disappointed in silver.

It is still a fantastic buy for under $20....what else can you buy these days for under $20 that has the probability of appreciating down the road for you!

 

I also see a lot of people who don't buy when they see a small 1-5% increase happen, get very excited and wait for a big dip or correction to occur. However, if they didn't let a few percent scare them away, they'd be gaining on time had they bought because no matter what price they buy at they are going to need to hold these PMs for a good amount of time regardless of their buy price in order to see a profitable window in which to unload. Likely if the people holding out for $16 spot again now were just to buy at $18 and hold it for 10 years, their perception in 10 years from now may well be that they bought at the right time and the $2 difference, a very minor percentage, was negligible compared to the potential increase over 10 years. The odds that they get that big dip and buying opportunity at $16 are slim and the window of time in which to buy it may be even slimmer.

 

Currently:

GOLD @ $1,183/oz. High so far $1,189
Silver @ $18.82/oz. High so far $18.89
Platinum @ $1,729/oz.
Palladium @ $546/oz

 

As of right now for me to turn a profit I would need to see silver hit 21.50 or better when factoring in the tax and 5% above spot I paid per bar.

I have to admit though, I'm quite happy with it under $20. I can afford it this way.

 

Currently: Opening for Tuesday 5/4 in Asian markets...

GOLD @ $1,183.30/oz.
Silver @ $18.84/oz.
Platinum @ $1,726/oz.
Palladium @ $545/oz.

 

Currently:

GOLD @ $1,180.40/oz.
Silver @ $18.80/oz.
Platinum @ $1,731/oz.
Palladium @ $546/oz.

 

gold high - $1,190.20/oz.

silver down today.

 

Gold doesn't seem to be holding $1,190, back down.

Currently: in UK/EU markets...

GOLD @ $1,187.90/oz.
Silver @ $18.71/oz.
Platinum @ $1,717/oz.
Palladium @ $543/oz.

US market opens in 25 minutes...

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Gold high - $1,191.20/oz.

Gold is expected to break $1,200.00 an ounce very soon.

 

Currently: in the US market at the open...

GOLD @ $1,188.70/oz. High so far $1,189.40
Silver @ $18.73/oz. High so far $18.74
Platinum @ $1,722/oz.
Palladium @ $543/oz.

 

Yeah, and you've been expecting it to break $1,350/oz. since September 2009... but remember, this is a Silver thread, not Gold.