Silver getting crushed today

Discussion in 'Bullion Investing' started by Soiled, Apr 1, 2016.

  1. HaleiwaHI

    HaleiwaHI Active Member

    That would certainly be nice but I seriously doubt it.
     
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  3. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Well-Known Member

    I'm putting my bets on Gold ~1750 and Silver ~23-24 at years end. Maybe 25 for a week or two but it could certainly average lower.

    Palladium is anyone's guess. Could hit 4k but it seems to do it's own ups and downs.
     
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  4. baseball21

    baseball21 Well-Known Member

    They probably had the same prediction this time last year.
     
    medoraman likes this.
  5. panzerman

    panzerman Well-Known Member

    ua
    They seemed to have lots of facts on reason behind their prediction. Makes sense to me, most precious metals are much rarer in nature these days. Its almost to the point where they are only find gold dust/ no real nuggets anymore. Donald Trump was known to have looked at putting the US Dollar back on the gold standard/ that would cause price to blow up. But, there is not enough gold in reaserve to do that. I am just a coin collector, so it does not effect me, even though I have 900+ AV coins/ but value is more numismatic.
     
  6. -jeffB

    -jeffB Greshams LEO Supporter

    There are always plenty of facts to support any prediction that PM prices will go up, or down, or sideways.
     
  7. medoraman

    medoraman Supporter! Supporter

    Yeah, just like any economic prediction. Nearly any scenario can be "backed up" with important sounding theories and scenarios. Not that they are "wrong" at all. Problem with such predictions are that there are literally a million variables in that equation, and they only discuss 4.

    Myself, rare is rare as we say in collecting. Most scenarios play out like past ones. Immediate past ones the world kept on turning, economic effect was not ten percent of predictions, and the end of the worlders were wrong once again.

    To me, having some PM is not a bad hedge, but MOST of the time, when people want to flee to safety, they go to government bonds nowadays. PM is simply not even on the radar of most investors, and I do not see it returning back. I love pm, which is why I am here, but do not consider it my safety net. My land and PM will not lose as much as equities will if something happens, but I give up a lot of growth in return. Sure, some deep psychological need is fulfilled by being able to lay my hands on a pile of gold and PT, and a probably too heavy pile of silver to move by one person, but my financial mind knows it will not be terribly good investment 99.99 percent of the time.
     
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  8. HaleiwaHI

    HaleiwaHI Active Member

    They will throw their silver and gold in the streets. At some point in time, this will happen. There was never a prophecy and he will throw their land in the streets.
     
  9. Corn Man

    Corn Man Active Member

    14.60 spot at the moment
     
  10. slackaction1

    slackaction1 Well-Known Member

    thread started at 14.90 2016.... ...….time to buy.. still waiting
     
  11. Doc J

    Doc J Mr. Brightside

    And gold is off $69 to $1516.
     
    slackaction1 likes this.
  12. Jeffjay

    Jeffjay Well-Known Member

    Why would I throw something I love in the streets? Even if it had no value its still beautiful. Religion is so twisted.
     
  13. HaleiwaHI

    HaleiwaHI Active Member

    I wonder if to throw into the streets simply means that it will have less value than it formally had in that your view of it as a highly prized collection will have diminished. Especially when it comes to your viewing it as a form of financial security. I do agree with you that Religion is very twisted, but that doesn't mean that the words quoted are inaccurate or have any less meaning. It simply means that the religions of the world lack proper understanding. But that's a subject for another thread.
     
    Last edited: Mar 13, 2020
  14. Jeffjay

    Jeffjay Well-Known Member

    I would still regard it as being highly prized collection even if nobody else did. Even today the vast majority of people see no value in rare coins.
     
    HaleiwaHI likes this.
  15. HaleiwaHI

    HaleiwaHI Active Member

    I agree. The quote i used earlier about throwing it in the streets may not have personal application. I too enjoy collecting silver even though many don't. I too enjoy collecting collectables although many don't. That's why this site is necessary to link people that like PM collecting and enjoy talking about it. It's definately not for everybody. There's also sites for collecting cars or discussing flowers. But for obvious reasons, I'm not on those sites.
     
    Jeffjay likes this.
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