The price of an oz. of Silver just surpassed $19.00 an oz. as I expected. This is significant in trading terms as it should be poised for a major run-up on speculation that Greece’s sovereign debt problem may worm it’s way to the US. After a little research, The silver institute is saying that 90% of all known, world silver mines are now depleted. I sure do love collecting Gold & Silver Coins.
Sounds like Bullion chat, not Coin Chat... CT has a Bullion Investing forum... why not join us there in the long running threads... such as this one: Next step silver - over $20.00
Not going much higher, the run up already happened, Greece's problems have been taken care of, our economy is improving, which will cause the crash in bullion, just as it caused the rise. Why are bullion collector's always the last to know?
History can caution but this might outpace history and redefine what came before. Just no way to know ahead of things.
True, yet I tend to be a conservative investor. Scares me investing in anything that has moved so high so quickly - kinda violates the rule, buy low, sell high and lumps you in with the sheep and you know what happens to sheep.
As do I, which is why I'm always hoping the metals market will just crash, bottom out, disolve into oblivion so I can buy more for less. It will happen, always does, I'm just tired of waiting. People say $400 an oz gold will never happen again, but thats what they said in the 80's and it happened...twice since then. Oh, I can't wait! Guy~
Far from the truth. A band-aid has merely been placed over the gushing wound. It continues to bleed, the result of socialism and over-taxation....it never allows a society to prosper.
I think that silver will finish at $23 (or higher) on December 31, 2010. That is my gut feeling prediction and I am sticking to it.
Why's that? When metal prices crash it's always because the dollar is very strong. Guess it could be bad if you're paying your bills with gold and silver. Guy~
I agree completely. I collect coins because I like them, not to make money, so when the value goes up, it's just an inconvenience for me. All my life I've wanted to own a gold coin just because of the history in it, but I'm sure not buying one now. I'd love to see the prices crash.
I'd love to see a summer slowdown, maybe even a down turn, I need to put some more silver into my pocket.
BQ Coins... completely agree. Unfortunately, a lot of the "collectible" silver I'm focused on isn't necessarily closely tied to the underlying bullion price :headbang:
