Silver Prices!!

Tdec1000 · November 3, 2010 1:51PM

Do you think that silver will come back down to the 13/14 dollar levels ever again? I know that prices flucuate but does anybody think they will go back down to lower teens again?

Bochiman · November 3, 2010 1:58PM

Hmmmm....wish there were a place to ask a question like that.......

kurtdog · November 3, 2010 2:05PM

Only if China and India disappear from the world economy.

RedHerring · November 3, 2010 2:08PM

<< Do you think that silver will come back down to the 13/14 dollar levels ever again? I know that prices flucuate but does anybody think they will go back down to lower teens again? >>

Upper teens yes. Lower teens no. I don't see silver hitting $13 again in my lifetime.

Heck $18 sounds dirt cheap right now.

keyman64 · November 3, 2010 2:28PM

It was below 20 about a month ago...crazy stuff!

Tdec1000 · November 3, 2010 2:29PM

i know, I remember paying under $10 for an SAE... that will never happen again in my lifetime Im sure.

ArizonaJack · November 3, 2010 4:52PM

Tom, We printed another $600,000,000,000 today....hang on for the ride bro

ricko · November 3, 2010 11:39PM

Of course it could dip that low again, but that would likely be in the aftermath of a worldwide cataclysm and recovery. Always possible. Cheers, RickO

doh · November 3, 2010 11:51PM

Houston, we have the wrong forum.

MoneyCollector · November 3, 2010 11:52PM

It might get that low in terms of New Dollars that are backed by real estate that our gov't will issue after the collapse of our current fiat currency. You heard it here first.

shasta7 · November 4, 2010 1:23AM

<< Do you think that silver will come back down to the 13/14 dollar levels ever again? I know that prices flucuate but does anybody think they will go back down to lower teens again? >>

Tdec1000... I do NOT believe we will see silver below $16.00 EVER again!! UNLESS... as others say, the whole economy crashes...
If it doesn't then I think it will only rise... with the Class Action Lawsuits just issued by 3 or 4 companies/individuals, the released statement by Bart Chilton of the CFTC that they believe the Banks holdihng the HUGE short positions tried to munipulate the prices, & since the CFTC MUST now put position limits on Gold & Silver by this Jan & many are hoping they put the 1% rule in effect... I for one
think you will see silver at $40-$50 before end of year!! & then from there just rising... Silver is at the present 5-8 times under priced
from what it should be compared to GOLD!! So in turn... silver is the BEST investment in the WORLD right now...

Get it while you can...

shasta7

kimber45ACP · November 4, 2010 1:25AM

secondrepublic · November 4, 2010 1:28AM

yes

Griv · November 4, 2010 1:35AM

I used 8% cash back on Bing to buy slightly under market in June average @18.49/oz off eBay.

IrishMikey · November 4, 2010 1:35AM

Given that my target price for silver is now $100 before I would even consider selling anything I
have, put me in the "NO" column. We may have reached the point where inflation is the only way
out of our current economic mess, which can only raise "hard assets." Like many of us, I sure wish
I had purchased more silver when it was below $5. What was I thinking, putting the mortgage,
food bills, and the kids' college accounts first?

djdilliodon · November 4, 2010 1:37AM

<< 

<< Do you think that silver will come back down to the 13/14 dollar levels ever again? I know that prices flucuate but does anybody think they will go back down to lower teens again? >>

Tdec1000... I do NOT believe we will see silver below $16.00 EVER again!! UNLESS... as others say, the whole economy crashes...
If it doesn't then I think it will only rise... with the Class Action Lawsuits just issued by 3 or 4 companies/individuals, the released statement by Bart Chilton of the CFTC that they believe the Banks holdihng the HUGE short positions tried to munipulate the prices, & since the CFTC MUST now put position limits on Gold & Silver by this Jan & many are hoping they put the 1% rule in effect... I for one
think you will see silver at $40-$50 before end of year!! & then from there just rising... Silver is at the present 5-8 times under priced
from what it should be compared to GOLD!! So in turn... silver is the BEST investment in the WORLD right now...

Get it while you can...

shasta7 >>

I agree but do not forget about platinum. It is what 30 times more rare than gold! Im willing to bet within 2 years we should see close to if not more than $2400 per ounce!

roadrunner · November 4, 2010 1:40AM

For the answer to the OP's question, please visit the "barbarous old relic" PMs forum.

roadrunner

SNMAN · November 4, 2010 1:46AM

<< I used 8% cash back on Bing to buy slightly under market in June average @18.49/oz off eBay.

>>

I miss the Bing Cashback!

Coinsponge · November 4, 2010 2:03AM

<< Houston, we have the wrong forum. >>

I checked that forum and laughed when I saw a thread titled "Gold at $800" with 25 posts.

I guess that forum is for people who like to talk to themselves.

Overdate · November 4, 2010 2:32AM

<< 

<< Houston, we have the wrong forum. >>

I checked that forum and laughed when I saw a thread titled "Gold at $800" with 25 posts.

I guess that forum is for people who like to talk to themselves. >>

Did you read the thread? The title is explained in the first post.

There's a lot of good information to be found on the Precious Metals forum.

Coinsponge · November 4, 2010 2:50AM

<< 

<< 

<< Houston, we have the wrong forum. >>

I checked that forum and laughed when I saw a thread titled "Gold at $800" with 25 posts.

I guess that forum is for people who like to talk to themselves. >>

Did you read the thread? The title is explained in the first post.

There's a lot of good information to be found on the Precious Metals forum. >>

My bad. I didn't read but how about the one started by Goldbully in 2008 on the front page with 56 posts stating that gold was at $887 and a current chart at $1380 +/-.

Could be a bit more lively. Of course, the metal detecting forum is really quiet and I wish it had more activity.

coasterfan · November 4, 2010 3:19AM

I guess it's time to unload all those silver "art bars" that I bought when I was a kid back in the '70s, and didn't know any better.

roadrunner · November 4, 2010 3:47AM

My bad. I didn't read but how about the one started by Goldbully in 2008 on the front page with 56 posts stating that gold was at $887 and a current chart at $1380 +/-. Could be a bit more lively. Of course, the metal detecting forum is really quiet and I wish it had more activity

So you mean when posters dredge up old posts on the Coin Forum it means that there is nothing going on and everyone's bored? That seems to happen several times a week.

If you spent some time in the PM's forum you might actually understand the significance of those "cliff" climbing and diving threads. The original thread over there was started in spring 2004 and was recently retired in summer 2009 with over 10,800 posts. I guess that meant that for 5 yrs there was nothing going on in the economy or PM's. Nope, just an average of 6 posts per day in the same old "tired" thread that wouldn't go away.

roadrunner

crazyhounddog · November 4, 2010 4:05AM

BANG, ZOOM! To the moon Alice!!

pmac · November 4, 2010 4:11AM

<< Houston, we have the wrong forum. >>

It's not as exciting over there.

steelielee · November 4, 2010 4:34AM

<< Tom, We printed another $600,000,000,000 today....hang on for the ride bro >>

Basic rule in life...if you're in a hole, stop digging.....not these clowns...and I used to think that Greenspan was clueless.....

joecopper · November 4, 2010 5:26AM

Does not look like it right now with the Feds cranking up the presses.

fiveNdime · November 4, 2010 5:58AM

<< Like many of us, I sure wish
I had purchased more silver when it was below $5. >>

i managed to get some when it dipped under $10 last year.

jmski52 · November 4, 2010 6:48AM

It's not as exciting over there.

Today was kinda exciting over there, but I am easily amused...

Griv · November 4, 2010 8:31AM

<< 

<< I used 8% cash back on Bing to buy slightly under market in June average @18.49/oz off eBay.

>>

I miss the Bing Cashback!

>>

I JUST found out about it in June and maxed it out on silver. Dang that was some FREE money wasn't it. No wonder they cancelled it.

Tdec1000 · November 4, 2010 8:34AM

<< Tom, We printed another $600,000,000,000 today....hang on for the ride bro >>

WOW!! Really that much!! This is just crazy!

Tdec1000 · November 4, 2010 8:36AM

I agree with you!!

RWB · November 4, 2010 10:16AM

The last time there was a large increase in silver price, it did not seem to help the hobby of coin collecting.

At current prices, it might make collecting silver coins too expensive for young collectors, and they will move to something affordable.

derryb · November 4, 2010 10:54AM

Be nice to the guys from the PM forum. They are spending a lot of their crazy profits with you!

miltonj · November 4, 2010 11:25AM

Following link is to a short but interesting read about the silver market, some suspected manipulation of said market and possibilities of where things may be headed, at least in the opinion of the article.

There is also a picture of a few coins with article to keep it somewhat on topic.

http://www.dailyfinance.com/story/investing/manipulation-or-not-is-silver-a-smart-investment/19687598/

TrustNo1 · November 4, 2010 2:36PM

<< 

<< Tom, We printed another $600,000,000,000 today....hang on for the ride bro >>

Basic rule in life...if you're in a hole, stop digging.....not these clowns...and I used to think that Greenspan was clueless..... >>

thankfully they arent surgeons: they'd be cutting more holes in our bodies to let more blood out instead of stitching us up

RedHerring · November 4, 2010 3:14PM

<< At current prices, it might make collecting silver coins too expensive for young collectors, and they will move to something affordable. >>

Last week's Coin World said this very thing. They used generic silver Washington Quarters as an example. At $5 each, many people won't buy them.

I'll take decent Walkers Halves at $10 though.

gsa1fan · November 4, 2010 8:54PM

Look though all the 2 x2's at the shows this weekend for some GREAT 90% bargins

ibzman350 · November 4, 2010 9:13PM

<< 

<< Houston, we have the wrong forum. >>

I checked that forum and laughed when I saw a thread titled "Gold at $800" with 25 posts.

I guess that forum is for people who like to talk to themselves. >>

LOL............reading the dates of the posts would help with that silly laughter.

Herb

Justacommeman · November 4, 2010 9:28PM

<< 

<< Houston, we have the wrong forum. >>

It's not as exciting over there. >>

Apparently you missed some our past socials. Last meeting we roasted a goat on a palladium grill and derryb and CptHenway made the punch. Fun was had by all. Second Tuesday of every month.

This month is our Pancakes for Dinner Gala. jmski52 will be flipping them with a platinum spatula and Silver Baron will be telling old mining stories around the campfire. RR, usually makes cool shadow puppets later in the evening......We wrap it up by playing "Guess the precious metal game". You have to try to guess a precious metal while being blinfolded and using your sense of taste or smell only. Weiss has been known to bring uranium. That jokster. In September we played guess each others pm value by dental fillings. The collector from the UK was worth about $11,138 in silver at $18.17 spot. cohodk calulated it from a Kitco streaming feed. MJ

Griv · November 4, 2010 9:58PM

$1.40 for a silver war nickel. I happen to have a a mound or two.

fishcooker · November 4, 2010 9:59PM

I think 13 will look high some day.

Overdate · November 5, 2010 12:41AM

<< I think 13 will look high some day. >>

Maybe, if they revalue one "new" dollar to equal 25 "old" dollars.

Which is what would be needed to restore the dollar to its pre-1913 value, and allow 90% silver coins to circulate again.

pitboss · November 5, 2010 1:05AM

Do an ebay search and try to find a silver eagle listed under $40 now. The silver price is set to go over $27. I know my listing are going up again today.

OKbustchaser · November 5, 2010 1:42AM

<< .. Silver is at the present 5-8 times under priced
from what it should be compared to GOLD!! So in turn... silver is the BEST investment in the WORLD right now...

Get it while you can...

shasta7 >>

Either that or silver is actually properly priced and gold is 5-8 times OVER priced compared to silver.

edit to add: I tend to believe the later.

2manycoins2fewfunds · November 5, 2010 2:09AM

<< Do an ebay search and try to find a silver eagle listed under $40 now. The silver price is set to go over $27. I know my listing are going up again today. >>

......................................................................................................................................................

Look at the Annual Uncirculated Dollar Sets from 2007 and 2008 being offered on Ebay.

Still can be had for less than $40.

They represent relative bargins with an ASE 2007-W or 2008-W plus 5 gold dollars to boot.

I'd go for these over any plain bullion ASEs

gecko109 · November 5, 2010 2:22AM

<< 

<< Like many of us, I sure wish
I had purchased more silver when it was below $5. >>

i managed to get some when it dipped under $10 last year.

>>

That never happened.

pitboss · November 5, 2010 2:24AM

You won't find many of these for under $40 either. There are no buy-it-now's less than $40 and very few of these listed at all. Let's face it $30 silver eagles from 2008 less than $40 are gone and the 2007 are fast disappearing also and will be gone by the time this weekend is over in my opinion.

fiveNdime · November 5, 2010 2:53AM

<< 

<< ...when it dipped under $10 last year.

>>

That never happened. >>

it happened...

2 years ago.

gecko109 · November 5, 2010 6:49AM

<< 

<< 

<< ...when it dipped under $10 last year.

>>

That never happened. >>

it happened...

2 years ago. >>

Correct. And in "bullion time", an entire year is a huge difference!

19Lyds · November 5, 2010 9:19AM

10/25/2008 Silver was at $9.30 an ounce.

Silver Prices!!

Comments

Leave a Comment