Silver is at $12.00 as I type this. I know alot of people don't like posts like this, but well, this is sort of a milestone, at least to me, and I am pretty excited. :hail:
silver and gold continue upward swing silver high at $12.10. it is expected to hit $15.00 to $16.00 per ounce when it start to trade at the market. and it will continue to break $20.00 to between $24.00 to $28.00 when the market traded. 20 years uptreand can see silver hitting a high of $50.00 to $60.00. china, india, south east asia, middle east, russia and eastern europe should continue to absorb the very under value silver as of today.
One factor that is very important in the valuation of silver is supply vs. demand, right now the demand is starting to outpace supply. Supply of silver is very limited due to the fact that it is largely mined as a by product of copper, lead mining etc and not in of initself being mined currently. If the price continues to rise and offset the cost of opening up proven mines, then mines in Mexico and Latin America which are not currently operating will be opened up, but this takes time and money and so far that is not happening. Yes, Russia has a lot of precious metals, but the focus of mining right now is on gold, largely in Far Eastern Maritime Regions. Russia is making lots of money already on oil and will continue to do so as long as the economies of the USA and China demand it.
Pretty amazing considering it was at $5,what 2/3 yrs ago. Hey Zaneman,from now on i'm buying all my coins from SGS,the most trusted name in certified coins.lol
So whats you target levels too? A.) Stop buying and sit on it B.) To sell off??? I think 15 is my top to Buy..... If it reaches 25, I'll sell some naybe half at most and put the cash aside for the next drop...
A.) When an ounce costs so much that I can never get together enough cash to purchase even 1 round or bar. (unless someone starts making fractional silver bullion rounds like they did for awhile in the early '80s) B.) When I need to sell or trade it for food/clothing/shelter/medicine/ammo/transportation, etc., and I don't have any frn's left, or frn's are no longer worth anything, and I have nothing else left to barter with. My silver isn't really an investment, it is more of an insurance policy.
Best way to view owning precious metals, as an insurance policy. I remember not long back, late 1990's and up to about a year ago, people all over were saying gold and silver were a thing of the past, that money did not need backing, that our global economy was fail safe. I wonder that people thought the same thing back in the early 20th century in Germany, Russia, France etc? History has an ugly way of reminding you that the more things change and people think nothing bad will happen, that surely something bad like a war or some similar castastrophe happens and makes money worthless.
A) When it reaches a level I can no longer afford and have no confidence of it going up more than $2-$3. B) Around $25-$30
A. The way it's looking silver might reestablish itself at levels way above the $5- $10 we've seen for so long, so I will buy whatever I can afford. B. You know how it works, the second you sell, the price of silver doubles. NEVER.
A. I will buy as much as I can afford untill silver reaches about $20 an ounce then it wont even be worth it... B. Keep my eyes opend and see when the demand starts to wane then sell half to 2/3 just as it tops out.
silver hit high again silver reached as high as $12.22 before it came down a little bit. right now is 48.78 to 1 ratio.
