Where will silver be going?

Discussion in 'Bullion Investing' started by Derek2200, May 9, 2020.

  1. losthomer

    losthomer Active Member

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  3. FryDaddyJr

    FryDaddyJr Junior Member

    actually there's a lot of truth there
    goldcollector likes this.
  4. mikem2000

    mikem2000 Lost Cause

    I believe it is safe to say no one knows where Silver, other commodities, equities, bonds, real estate etc. etc. will be going. These are unprecedented times, we have never seen this before so the is no frame of reference. With oil prices on the super cheap that will lower the production costs of Gold/Silver, so we may not see PMs as good safe havens, or they may outperform, there is no way to know. I read several articles where they touted bit coin as the new safe haven. It is a crazy World. I have to say cash is King, and then when all this shakes out, try to buy whatever is cheap.
  5. Jeffjay

    Jeffjay Well-Known Member

    If anyone had a Commodities crystal ball they would be wealthier than Jeff Bezos.
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  6. Tuco

    Tuco Active Member

    Wow, silver is up about 5% today and back to around $17. Since I mostly have American Eagles my guess is, that with premiums, we'll see Eagles selling over $30 by the end of the year. :)
    Last edited: May 15, 2020
  7. goldcollector

    goldcollector Member

    The truth is not being cold. It's just the truth. I started with wheat pennies. That doesn't make them an investment. They are pretty much worthless unless in MS. Even that 1909 vdb is under $10 in typical grade. There are just too many Wheaties to be worth anything. Just like silver. There is nothing at all rare about silver. I still routinely find it in circulation. That's how rare it is. They just mined another 15,000 ounces while I typed that. And that's actually true.
    midas1 likes this.
  8. goldcollector

    goldcollector Member

    The dealers are already asking $30 from the silvidiots.

    The dealers are offering at most $19 to the silvidiots.

    Nice spread
    midas1 and FryDaddyJr like this.
  9. CaptainMK

    CaptainMK Active Member

    For me, I buy silver cause I like the coins, the precious metal content is of course a plus but I look at the coins as a love, not a investment for the most part. When I order silver coins, half is stacking but I try to obtain dates I do not have, the other half is collectablitily as I love the designs of some of the lower minted coins. Does price matter to me, yes, of course. If a $1000 Honda civic is currently selling at $4000, I will not buy. Thats kinda a bad analogy but you get the idea. But at the end at the day, it comes down to price, coin collectablitily, and current needs for my situation. I am holding off buying silver as the over spot price seems over inflated for the few coins I want, so I'll wait. If miss out, o well, I have a decent stack now which provides a smile on my face as mine is collectable to me. Do what makes you happy I always say and who cares what other people think
    Jeffjay likes this.
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