Discussion in 'Bullion Investing' started by Randy Abercrombie, May 15, 2019.
Log in or Sign up to hide this ad.
PM is just in the doldrums really. Good time to slowly accumulate to me. Buy when no one is interested, and sell a decade or two later when it gets "hot" again.
Silver has been floating around $15 for a couple of years now. I bought a lot of it in 2015, and, surprisingly, it's price hasn't fluctuated over these 4 years. There are some unlikely predictions that silver will rise in price this year, but, I would be a bit skeptical about that info.
I swear to goodness..... In my mind we had been at a $16.00 level.
There are predictions silver will rise in year X constantly. That is how the "gurus" operate. Predict every year it will go up, and once a decade they can loudly proclaim, "See, I TOLD YOU! Now pay me money for my next foolproof prediction". They are about as accurate as a broken clock....
Thanks! Old worn out knee. Fortunate to live in an age where I can get a new one. Sure is a tough couple of weeks though!
Those are the drugs talking
Apparently so! LOL.
Nice to see you back Randy.
Yes Randy it made a run up to about $15.90 maybe 2 weeks ago and received a near immediate beat down.
Yep silver is all hype. ( They just mined another 50,000 ounces while I typed this )
As is gold and other PM I would say. I would not pick on silver only. Silver will be mined as long as copper and other base metals are in demand. Gold, however, is more intentional, so supply does change with demand.
Different metals, different uses and supply characteristics, but still more similar than different. I am only pivoting more to gold and PT due to space constraints really. Not enough value per square foot for me at this point in my life in silver. Its really pretty though.
My take on silver is pretty much what it was last year and the year before that.....status quo.
They are also doing the same in Arizona.
So , does this means copper will drop even more.
Well , the supply of Turquoise rough will increase ( so maybe its a factor). Jim
Separate names with a comma.