Who here thinks the price of silver will go back down?

I don't buy many silver coins right now due to the fact that silver is over 42.40 a troy ounce right now.

I'm paying well over the numismatic value to acquire coins, and really I don't like it!

Who here thinks silver will go back down in price? I would buy more if it went down to $20 an oz, I could get silver dollars for 15 and halves for $7.50!

 

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It will eventually go down, but when is the bigger question. With debt concerns through much of the EU, and a lagging economy here at home, not to mention a lack of anything else to invest in presently, we could be waiting a couple years before silver descends a reasonable price. Although the days of silver under $20 are probably behind us forever I feel. I do feel your pain, and wish I would have filled some of those holes before silver went crazy also! Be patient, and work on a base metal series if you need relief.

 

I remember as a kid going to an auction and seeing silver dollars sell for $10 a piece. Man I wish I would of bought quite a few!

 

Well we are in that magical time of the year when silver starts to hike upward, it usually always trend this way during the holidays. The real question to you is would you have wished you had bought at $42/ounce today just in case a year from now the prices are around $60/ounce? And keep in mind this is hypothetical. I wish it would come down back to $10 but I just don't see that happening anymore.

 

Me too, but I had different priorities back then. Dirt bikes, four wheelers, snowmobiles, cars, 4x4s, women, beer, tractor pulls, tools...
I wish I could write a note to myself back then!

 

'
The glass is also half full! For those looking for lower grade silver, the higher prices have driven it out in the open to be snapped up before going to the melters forever. Get it while you can, for tomorrow it goes up (probably).

 

I know the feeling, back then I spent almost all of my money on booze and women, and the rest of it, well I just wasted that:yes:

Anyway, yeah I think the price of silver will go down. It will go down when the dollar gets stronger, which will take a while, but I believe it will happen.

Mike

 

Did nothing except go to the store and use them at face value when I was a kid and it was a whole lot of money back then.

I think they will continue up for as long as I am around.

 

I do t think so. If so we might be looking at 5, 10 or even 15 years with this crappy economy.

 

But, you COULD write a note NOW for yourself later!

Time sure flies..

Lucy

 

Silver is like gas prices, its not gonna go back down to where we wish it was before ever again : (

 

My uneducated guess is that silver will return to a realistic value shorty after Ron Paul replaces the community organiser.

 

It may go down, but probably not under $30. Ultimately it will move up, I think sooner than later. I don't see $100/oz being a hard target within a few years.

 

Your wish came true:

[TABLE="width: 571, align: center"]
[TR="bgcolor: #F3F3E4"]
[TD="align: left"] SILVER
[/TD]
08/23/2011

17:14

41.88

41.98

-1.84

[TD="bgcolor: #F3F3E4"]-4.21%
[/TD]
41.42

43.51

[/TR]
[/TABLE]

 

I'm thinking it will settle down and be like gas prices.. smaller spikes up and down but never get back to less than say 30.00

Not that I know anything

 

It might drop a bit, but I don't think until after Christmas. Even then I'd only expect it to drop back down to maybe $30 in the long run. I'd love for it to temporarily drop under $10 lol. I would buy so much silver (eagles and bars, I hate that old coins are being melted) and flip it once it's back up again. A person could make a killing that way.

 

Down another 5.6% so far today. $39.47

 

+1

 

If silver goes down to $20 an ounce, you can probably bet that you and your neighbor's wages will go down too - if they haven't already. As to gasoline, let's see, I was paid about $3 to $4 an hour as a carpenter when gas first hit $1. Now it's $3.50 a gallon for gas but a carpenter makes $25 to $35 an hour. And not only that, the car I drive now gets about three times the gas mileage as the car I drove then. I'll take the latter.

 

You want Silver for a $1, than kill the Federal Reserve! Only problem is, you'll only make about a buck a day...LOL
Bring back the Gold/Silver standard! PLEASE! At this rate, and forget silver the price of an apple is going to cost six bucks...
I bet the con artists that created the Fed Reserve System(aka. IOU's printed on paper) back in 1913 didn't expect it to last this long!
The change from Silver to Clad should of been the writing on the wall?