Silver and Gold Prices

Discussion in 'Bullion Investing' started by icollectoldmoney, Mar 6, 2015.

  1. icollectoldmoney

    icollectoldmoney ANA Member:3192499

    Can yall believe how much these two metals have dropped in the last week. what is everybody opinion on the prices of the precious metals.
     
    stgecko likes this.
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  3. sodude

    sodude Well-Known Member

    My opinion is that these two metals are finished.
     
  4. GoldFinger1969

    GoldFinger1969 Well-Known Member

    If we continue on a deflationary trend from China or Europe, these will be sold down.

    I can see gold at $800/oz. and silver in single-digits in a few months or sometime in 2016.
     
    Jaredbd likes this.
  5. icollectoldmoney

    icollectoldmoney ANA Member:3192499

    so is good to buy up all the silver or gold i can.
     
    lilacs in purple likes this.
  6. beef1020

    beef1020 Junior Member

    The low price is not surprising, the high price was. This was a classic bubble, specially silver, I see no reason for gold and silver to not continue their fall.
     
  7. sodude

    sodude Well-Known Member

    Price is dropping like a brick, don't buy.
     
  8. icollectoldmoney

    icollectoldmoney ANA Member:3192499

    ok so it is better to just buy coins for nuismatic value then bullion for the silver or gold value.
     
  9. txguy

    txguy Active Member

    Don't buy. Silver will fall further. Say low in price for years.
     
  10. ROLLJUNKIE

    ROLLJUNKIE Active Member

    Do your own research and do not listen to someone's opinion on an online forum (even this one). No one knows the future although most are willing to guess. This guess is called speculation. Speculations are not investments. Doesn't matter whether you are talking about bullion or numismatic coins.
     
  11. beef1020

    beef1020 Junior Member

    I know you are trying to figure out how to spend some money, you have had other threads like this. My advice remains the same, separate your investment money from your spending money. Then, consider coins, or bullion, purchases as spending money, and buy what you like. It's hard to ignore value, but don't think of coins, or bullion, as a long term investment.

    Honestly I don't purchase coins based on what they will be worth in the future. If they are all worth nothing, I am still glad I purchased them. I buy coins because it's my hobby. My wife likes to go to dinner. We buy dinner, have a good time, eat good food, and the money we spend is out of our lives forever. Consider coins as the same, something you spend money on because you enjoy it, and treat the money as gone.
     
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  12. icollectoldmoney

    icollectoldmoney ANA Member:3192499

    well i think i am going try to purchase some silver today. I just got rid of all my coin collection.
     
  13. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    It is the good success of the US Dollar compared to other currencies. As the dollar goes up, PM will go down. Consider buying currencies as I don't see a huge turnabout for a while.
    Levels not even dreamed of 6 years ago.

    Today : USD/Canadian 1.262
    USD/Swiss Franc .984
    EUR/USD 1.08 ( maybe headed to 1:1 )
     
    ROLLJUNKIE likes this.
  14. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Buy on weakness...don't buy all at once...buy some now....if it falls another 5% buy more....wash, rinse, repeat.:D
     
  15. icollectoldmoney

    icollectoldmoney ANA Member:3192499

    thanks for all the help yall have gave me.
     
  16. -jeffB

    -jeffB Greshams LEO Supporter

    The markets are making a big, bold move. This calls for big, bold comments.
     
    rooman9, Blissskr, Whipps and 3 others like this.
  17. icollectoldmoney

    icollectoldmoney ANA Member:3192499

    yeah everybody opinion is different I am just young and do not have much knowledge of ways to purchase or when to buy or not buy.
     
  18. sodude

    sodude Well-Known Member

    silver down
    sell sell sell!
     
  19. ROLLJUNKIE

    ROLLJUNKIE Active Member

    Young isn't an excuse, it's an advantage. Time is the best friend of sound investments.
     
    Coinman1974, ASE2015 and mikem2000 like this.
  20. Govt Mule

    Govt Mule New Member


    The deflationary "trend" has certainly been welcomed, especially at the gas pump. I don't realistically expect this anomaly to become a trend. Oil has been a totally manipulated market since 1974. OPEC has been quite successful in setting global oil prices, much to the delight of major oil refiners.

    The Saudis have bucked the system and have not reduced production to maintain the crude pricing model. WTI is currently trading at $49/bbl. World storage is becoming quite valuable due to the attractive pricing.

    Even with the Saudi gift, "mysterious refinery fires" and labor unrest have inflated the price of gasoline by .20/gal at US pumps in the past 3 weeks. If the Saudis take years to stick it to the Iranians, and to a lesser extent the Russians, the large refiners will easily find methods to increase the price of their product.

    In a terribly over simplistic formula, watch the geo-politics involved with crude. If the Saudis get back in the game and cut production, crude prices will increase to the level that they desire. With a large crude increase, back to >$100/bbl, inflationary pressures drive up price of PM. The real nightmare would be if OPEC decides to start pricing their commodity in a currency other than the dollar.
     
  21. Govt Mule

    Govt Mule New Member

    YOUNG GUYS, Goldfinger has expressed it beautifully! Buy on weakness, sell on strength. And remember, you have the most valuable of all commodities, YOUTH!
     
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