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Next step silver - over $20.00
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<p>[QUOTE="Mr. Coin Lover, post: 765228, member: 16060"]I'm certainly not trying to make this sound like I really know what I'm talking about, but this is what I'm thinking about these days concerning the price of silver. </p><p><br /></p><p>First I have no idea how many ounces of silver you guys have and I don't know if it is in lower grade coins, bulllion, or both. To make what I want your opinion on and to make it simple allow me to use say 500 to 800 ounces of silver being held right now.</p><p><br /></p><p>This 500 to 800 ounces of silver being held was purchased for $8.00 to $12.00 an ounce over the last few years.</p><p><br /></p><p>So silver goes to high enough price that you actually sell the silver at $25.00 per ounce, but you have to pay taxes on this profit. Also what shape is the US or world economy in that will support silver at these prices? If you sold the silver then paid the taxes wouldn't inflation soon eat up the rest of your profit? If the price of silver reached this level in a decent economy with mild inflation then great. I'm not saying everyone shouldn't own some PM for really bad times, but unless things get really bad isn't silver to pretty well stay in the current range with an occasional to or close to pop of $20.00 ounce.</p><p><br /></p><p>I'm looking forward to any comments, again not saying I'm right, just some thoughts on it.[/QUOTE]</p><p><br /></p>
[QUOTE="Mr. Coin Lover, post: 765228, member: 16060"]I'm certainly not trying to make this sound like I really know what I'm talking about, but this is what I'm thinking about these days concerning the price of silver. First I have no idea how many ounces of silver you guys have and I don't know if it is in lower grade coins, bulllion, or both. To make what I want your opinion on and to make it simple allow me to use say 500 to 800 ounces of silver being held right now. This 500 to 800 ounces of silver being held was purchased for $8.00 to $12.00 an ounce over the last few years. So silver goes to high enough price that you actually sell the silver at $25.00 per ounce, but you have to pay taxes on this profit. Also what shape is the US or world economy in that will support silver at these prices? If you sold the silver then paid the taxes wouldn't inflation soon eat up the rest of your profit? If the price of silver reached this level in a decent economy with mild inflation then great. I'm not saying everyone shouldn't own some PM for really bad times, but unless things get really bad isn't silver to pretty well stay in the current range with an occasional to or close to pop of $20.00 ounce. I'm looking forward to any comments, again not saying I'm right, just some thoughts on it.[/QUOTE]
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Next step silver - over $20.00
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