Before you say "never", remember that silver hit $50 an ounce in 1980. It didn't stay there for very long, of course, and there were certain market "pressures" that caused it to rise that high, but rise that high it did. How high it goes in the future depends in no small part on what happens with inflation. FWIW, I do not believe that silver in bullion or junk form is a good investment at this time. But then my investment advice is worth exactly what you paid for it.
Hmmm . . . . good point. OK -- how about 60 years! ;-) In 1950, Silver was also around $1, but Dow was around 200. Silver increased 18-fold since then; Dow increased 50-fold.
Search your silver coins for any that may have additional (numismatic) value. If you can afford to do so, count and bag the rest. Retain them. -------- We are living in a period when the economic weight of the world is shifting and nobody can really predict what will happen. But value is just that. Value.
Yes but .....is the comparison quite valid?? That 1960 silver dime bought a dandy ice cream cone or premium candy bar ( A regular one was only a nickel), or 12 ounce soda pop. It has somewhat held its value because once turned into paper currency it is today worth (at $18 silver) $1.28 and will still buy a regular candy bar or can of pop. It will still buy something. ----------- However, the Dow-Jones is a completely different set of stocks than it was in 1960. Today, you don't want to own Penn Central railroad, nor Pan-Am airways, nor the other stocks which made up that index at that time. These things are entirely without value today. ------- So I guess my point is that while one of your two items of comparison is the same in both cases, the other is not.
I think you are singin' to the choir! With all the chaos caused by the robber baron banksters, Goldman, the Fed, and so on... a bird in the hand is WAY more valuable in my perspective. I see anything paper as being high risk, even if you think you're sitting safe on GLD & SLV. I think we've all seen enough to know who will get very much screwed in this credit-default-swap, mortgage backed security, derivatives leveraged out 10 times based upon a debt instrument... yeah, I'm out of this ball game. It's beyond rigged anymore.
I wonder if people said the same thing ~50 years ago when it was 1/20 the price it is now? If silver can go from somewhere around $1 to somewhere around $20 within one lifetime, certainly it can go up at half that rate within a lifetime. Unless, of course, everyone here is really old, then it could be a shocking rise.
so the case is solved. no one really knows. for the record i did sell my silver from the last 3 months of collecting and even at todays price i recieved a nice amount. what i gathered in 3 months was 699 half dollar pre 64 coins, 574 half dollar clad, 250 pre 64 quaters, 109 dimes, and 51 war nickels. now its back to collecting again for another 3 months.
