Silver

Discussion in 'Bullion Investing' started by CHARLES GINETTO, Jan 30, 2020.

  1. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Silver is sensitive to GDP growth, Palladium and Platinum are tied to the auto industry and Russian stockpiles.

    If EV's ever take a big slug of auto production, palladium and platinum will take huge hits.
     
    ripple, -jeffB and slackaction1 like this.
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  3. CHARLES GINETTO

    CHARLES GINETTO Active Member

    I would be satisfied with silver going back to $30.00 an ounce. Then I could get rid of my silver "Crowns."
     
  4. ripple

    ripple Active Member

    We can’t predict the future prices by whatever x number of years silver prices have been. It’s a gamble.
     
  5. CHARLES GINETTO

    CHARLES GINETTO Active Member

    Yes, you're right. It's just like the stock market.
     
    ripple likes this.
  6. -jeffB

    -jeffB Greshams LEO Supporter

    Why wait for silver to go up? The money you spent on those coins is already gone. How much you paid for them is irrelevant to how much they're worth now, or how much they'll be worth in the future.

    If you don't think they'll go up, and don't enjoy owning them, sell them now. Put the money into something you will enjoy more, or something that generates returns. Sitting on them because they're worth less than you paid is a recipe for misery.
     
  7. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Aww Jeff, Some people on here seem to like misery. Real Hoarders don't sell anyway no matter how high the price goes, to them it will always go higher if they sell.
     
  8. -jeffB

    -jeffB Greshams LEO Supporter

    The ones I can't understand are those who sell their silver, then keep it, stiffing the buyer, and then rant incessantly (for years) about how silver is for fools.

    It's possible that I made a grammatical error there, using plural instead of singular, BTW. :rolleyes:
     
  9. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    I believe it might be correct, but in today's bizzaro world, nothing would surprise me. :muted:
     
    Randy Abercrombie likes this.
  10. GoldFinger1969

    GoldFinger1969 Well-Known Member

    The stock market is easier to predict because it's based on fundamentals: earnings, valuation levels, P/E multiples, the economy.

    Silver is a volatile commodity which can track any number of variables.
     
  11. Santinidollar

    Santinidollar Supporter! Supporter

    Including panic and whims.
     
    GoldFinger1969 and -jeffB like this.
  12. -jeffB

    -jeffB Greshams LEO Supporter

    Good thing the stock market is immune to that sort of thing, eh?
     
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  13. Santinidollar

    Santinidollar Supporter! Supporter

    LOL. See, I can laugh even though I got my tail kicked today.
     
    GoldFinger1969 likes this.
  14. GoldFinger1969

    GoldFinger1969 Well-Known Member

    So what are you saying.... that Bizzaro Superman or Bizzaro Jerry are going to try and corner the market on silver ? :D
     
  15. goldcollector

    goldcollector Member

    Lol. Yes it will go up 50 cents then drop a dollar then go up 30 cents then drop 60 cents. Honestly it's lower today than it was Feb 1 2010. And I'd bet it will be lower on Feb 1 2030 than it is today. Cheap oil is just gonna keep getting cheaper too.
     
  16. goldcollector

    goldcollector Member

    Yes because JP Morgan invests money. They don't buy silver or lottery tickets.
     
  17. ripple

    ripple Active Member

    Are we there yet?
     
  18. JCKTJK

    JCKTJK Active Member

  19. -jeffB

    -jeffB Greshams LEO Supporter

    I'm getting "Page not found"...?

    Edit: apparently you edited out the link while I was hitting "Reply"!
     
  20. JCKTJK

    JCKTJK Active Member

    was a article from J M Bullion on who owns/holds the most silver, the linky was stinky so I deleted it, sorry:shame:
     
  21. Larry E

    Larry E Well-Known Member

    I sure wish I knew it's hard to know anything for sure
     
    ripple likes this.
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