Home Precious Metals

$20 Silver?

ashelandasheland Posts: 23,175 ✭✭✭✭✭

You think we’ll ever see it?
It certainly looks like it’s trying to get there...
19.14 right now.

«13

Comments

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    We will likely have a few surprises before this roller coaster ride slows down....No predictions from me, I will leave that to those that make a profit from their crystal balls...Cheers, RickO

  • dennis1219dennis1219 Posts: 267 ✭✭✭

    Rising gold and silver make sense to me with the current conditions. The only thing not making sense is an up stock market. My crystal ball, although in need of new batteries, says painful days ahead in the stock market. I recently took my profits and backed out. I may be a little early, but happy to get out with what I got.

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    We will certainly see it, the bigger question is will it hold?

  • DeutscherGeistDeutscherGeist Posts: 2,990 ✭✭✭✭

    It looks like a PM bull market, so I am stepping aside from stacking and just being selective about just purchasing a few numismatic pieces and that's it. I purchase a few commemorative coins that I like to get MINT fresh at the year of issue, so that I have all the packaging and original paperwork intact and keep factory sealed.

    A bull market makes it tempting to buy as if one does not want to miss this rocket or wave likely coming up, but I know, for myself, it's best to just watch for now. Buy only when the made rush settles down, maybe join some profit taking coming up.

    "So many of our DREAMS at first seem impossible, then they seem improbable, and then, when we SUMMON THE WILL they soon become INEVITABLE "- Christopher Reeve

    BST: Tennessebanker, Downtown1974, LarkinCollector, nendee
  • chumleychumley Posts: 2,305 ✭✭✭✭

    getting close to where i could sell a bit at a small profit

  • Mike59Mike59 Posts: 319 ✭✭✭

    I think we hit $20 soon. Maybe this week based on momentum. Im not sure we stay above $20 right now. I also thing we end the year $21-$22
    IMHO

    MIKE B.

  • metalmeistermetalmeister Posts: 4,586 ✭✭✭✭✭

    I liked it at $34 about 10 years ago. Since Silver is a by-product of Copper mining and Copper mining production is down in 2020, that should put a dent in Silver production. GLTA

    email: ccacollectibles@yahoo.com

    100% Positive BST transactions
  • VanHalenVanHalen Posts: 3,922 ✭✭✭✭✭

    @DoubleEagle59 said:
    Everybody knows what side of the PM fence I stand on, but I hope everyone would agree, at our current rate of rampant money printing, even $20 an ounce for silver is far undervalued.

    Agreed. $20 for a full troy ounce of fine silver is a very reasonable price in this day and age.

  • jmski52jmski52 Posts: 22,793 ✭✭✭✭✭

    at our current rate of rampant money printing, even $20 an ounce for silver is far undervalued

    understatement of the month, maybe of the year!

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • johnny9434johnny9434 Posts: 28,259 ✭✭✭✭✭

    id like to see it and have it stay there, jmo

  • derrybderryb Posts: 36,772 ✭✭✭✭✭
    edited July 16, 2020 12:12AM

    You heard it here first:

    March 16 was bear market bottom.
    $21 silver before Aug. 15.
    $25 before year end, triple digits before July 15, 2023.
    Why? Money supply growth.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,069 ✭✭✭✭✭

    @derryb said:
    You heard it here first:

    March 16 was bear market bottom.
    $21 silver before Aug. 15.
    $25 before year end, triple digits before July 15, 2023.
    Why? Money supply growth.

    From your mouth to God's ears. Baby needs a new boat. ;)

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jclovescoinsjclovescoins Posts: 1,902 ✭✭✭✭✭

    @derryb said:
    You heard it here first:

    March 16 was bear market bottom.
    $21 silver before Aug. 15.
    $25 before year end, triple digits before July 15, 2023.
    Why? Money supply growth.

    I like all of those predictions. Definitely agree with the first two. Doubt we see $100 in mid-July 2023 though. It certainly would be nice.

  • derrybderryb Posts: 36,772 ✭✭✭✭✭

    When precious metal prices rise in step with equities one of them is undoubtedly in a major bubble. Buy the other one.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • LongarmLongarm Posts: 89 ✭✭

    I still spend the same but get fewer ozs when the price rises. My cut off price is when it hits $30 again, right now I'm sending more in for grading then buying but there's a coin show in Grapevine Tx. this weekend so if there's any in the DFW area I will see you there.
    http://coinshows.com/grapevine_gdp4.html

  • LongarmLongarm Posts: 89 ✭✭

    That link isn't working so I'll try again,
    http://coinshows.com/grapevine_gdp4.html

  • OPAOPA Posts: 17,118 ✭✭✭✭✭

    @derryb said:
    You heard it here first:

    March 16 was bear market bottom.
    $21 silver before Aug. 15.
    $25 before year end, triple digits before July 15, 2023.
    Why? Money supply growth.

    I think you are a little bid premature in you crystal ball gazing. (but that's to be expected) I'm a believer that $20 silver is possible by year end, however it depends if silver can maintain the $19 range for a while w/o dropping back down to previous highs in the $17 - $18 range.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • MilesWaitsMilesWaits Posts: 5,338 ✭✭✭✭✭

    I like it when someone has the huevos to come in and make an intelligent prediction. And experienced. And doesn’t really need a boat.

    Now riding the swell in PM's and surf.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    Wow, $100 silver in 3 years?

    Will everything quintuple in price?

    Or just silver, which costs under $15 per oz to mine and refine?

    Liberty: Parent of Science & Industry

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    @MilesWaits said:
    I like it when someone has the huevos to come in and make an intelligent prediction. And experienced. And doesn’t really need a boat.

    Looks like those huevos took a turn in the wrong direction. Could be back to the $18s as soon as tomorrow.

  • dpooledpoole Posts: 5,940 ✭✭✭✭✭

    If we see silver at $100 that soon, we'll have too much to be sorry about to enjoy it.

  • MilesWaitsMilesWaits Posts: 5,338 ✭✭✭✭✭

    You mean like a pandemic, helicopter Fed, riots and stuff like that?

    Now riding the swell in PM's and surf.
  • derrybderryb Posts: 36,772 ✭✭✭✭✭

    Those concerned with tomorrow's price of any real asset need to avoid that asset. Stick with TESLA for day trading.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    @derryb said:
    Those concerned with tomorrow's price of any real asset need to avoid that asset. Stick with TESLA for day trading.

    Hey you were the one pumping $21 within the next 30 days. Seems some are more concerned than others. Regards!

  • derrybderryb Posts: 36,772 ✭✭✭✭✭
    edited July 16, 2020 5:53PM

    No doubt, You should stick with TESLA. It's perfect for the shortsighted.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • derrybderryb Posts: 36,772 ✭✭✭✭✭
    edited July 16, 2020 5:58PM

    @Baley said:

    Or just silver, which costs under $15 per oz to mine and refine?

    You should compare some share prices to book value. If physical silver was on the NASDAQ with a book value of $15, it would be selling for $150.

    But still not a bubble. lol

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭
    edited July 16, 2020 6:04PM

    TSLA, I could only wish. In 3 months I could have yielded more than I ever could in a LIFETIME of silver investing. TSLA is only for the market gurus like 2 cents.

    For the record as of last night (7/15) all my investments in the casino went to "stable value" funds. Could miss out on additional gains but fortunate to be back at break even pre COVID. Now if we could just get the boat anchor to move I'd drop the gutter metal like a bad habit.

  • cohodkcohodk Posts: 19,069 ✭✭✭✭✭

    @derryb said:

    @Baley said:

    Or just silver, which costs under $15 per oz to mine and refine?

    You should compare some share prices to book value. If physical silver was on the NASDAQ with a book value of $15, it would be selling for $150.

    But still not a bubble. lol

    Many stocks trade for less than book value.

    What you dont understand is the value of the cash flow that is given off by companies and the ability to grow that cash flow. And the ability to create something that never existed before. The ability to improve human existance. We could go on an on, but you would never understand, hence your reliance on conspiracy theory.

    What kind of cartoon will you kill this thread with?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,772 ✭✭✭✭✭

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • MilesWaitsMilesWaits Posts: 5,338 ✭✭✭✭✭

    Umm, Today it smells like teen silver spirit.

    Now riding the swell in PM's and surf.
  • ashelandasheland Posts: 23,175 ✭✭✭✭✭

    @Longarm welcome to the forums! :)

  • derrybderryb Posts: 36,772 ✭✭✭✭✭
    edited July 17, 2020 8:25AM

    $20 is likely a psychological barrier for buyers and a physical barrier for buying algorithms. Breaking $20 should result in added momentum, making $25 before year's end more likely. Then it likely becomes a downhill snowball. But first, it has to break $20.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,069 ✭✭✭✭✭
    edited July 17, 2020 2:37PM

    Charts can be useful in finding likely support and resistance areas. I would encourage study.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,772 ✭✭✭✭✭

    No chart needed. Used the tea leaves of common sense.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,069 ✭✭✭✭✭
    edited July 17, 2020 2:39PM

    @derryb said:
    No chart needed. Used the tea leaves of common sense.

    Ok...well continue to be dismissive. It suits you. Maybe you should have used charts nearly a decade ago. You were warned.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,772 ✭✭✭✭✭
    edited July 17, 2020 3:59PM

    Ok, no dismissivenessnessness intended.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • LongarmLongarm Posts: 89 ✭✭

    @asheland said:
    @Longarm welcome to the forums! :)

    Thanks

  • MilesWaitsMilesWaits Posts: 5,338 ✭✭✭✭✭

    Yes!!

    Now riding the swell in PM's and surf.
  • derrybderryb Posts: 36,772 ✭✭✭✭✭
    edited July 20, 2020 7:18AM

    Silver just broke $20 in the futures market. Just might trigger bullion bank algorithms to go to DEFCON 1.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    @derryb said:
    Silver just broke $20 in the futures market. Just might trigger bullion bank algorithms to go to DEFCON 1.

    Nice, (almost) back to where it was 4 years ago, 10 years ago, 12 years ago etc. Bring on DEFCON 1. lol

  • rte592rte592 Posts: 1,655 ✭✭✭✭✭

    Now if you could add me to the list of secret memo's sent out.
    You know the one to unload when we get to the 90% point of the top of the hill this go around.
    That would be swell.

  • derrybderryb Posts: 36,772 ✭✭✭✭✭
    edited July 20, 2020 7:38AM

    @blitzdude said:

    @derryb said:
    Silver just broke $20 in the futures market. Just might trigger bullion bank algorithms to go to DEFCON 1.

    Nice, (almost) back to where it was 4 years ago, 10 years ago, 12 years ago etc. Bring on DEFCON 1. lol

    Shame you can't say the same for the Almighty dollar. lol

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    @derryb said:

    @blitzdude said:

    @derryb said:
    Silver just broke $20 in the futures market. Just might trigger bullion bank algorithms to go to DEFCON 1.

    Nice, (almost) back to where it was 4 years ago, 10 years ago, 12 years ago etc. Bring on DEFCON 1. lol

    Shame you can't say the same for the Almighty dollar. lol

    Cool chart. How relevant is the left half to any of us? For example,
    My 1st job was in 1984. 90% of the "damage" to the almighty 1913 dollar was already done.

    Liberty: Parent of Science & Industry

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    I just hope the manipulators are able to pump it up again. I have a ton of physical to unload. I promise I will only stick with paper silver and physical gold from here on out.

  • carew4mecarew4me Posts: 3,470 ✭✭✭✭

    butt hurt on a PM forum when the spot price of PM's starts moving up with purpose. #so2020 #RESIST!


    Loves me some shiny!
  • taxmadtaxmad Posts: 971 ✭✭✭✭

    @Baley said:

    Cool chart. How relevant is the left half to any of us? For example,
    My 1st job was in 1984. 90% of the "damage" to the almighty 1913 dollar was already done.

    You would find that point (1984) on the chart and that becomes your 100% and then see where we are today. It appears you have lost about 50% of your purchasing power in your working career.

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    edited July 20, 2020 9:08AM

    @taxmad said:

    @Baley said:

    Cool chart. How relevant is the left half to any of us? For example,
    My 1st job was in 1984. 90% of the "damage" to the almighty 1913 dollar was already done.

    You would find that point (1984) on the chart and that becomes your 100% and then see where we are today. It appears you have lost about 50% of your purchasing power in your working career.

    Those 1984-earned dollars are either spent long ago on 1984- costing goods and services, or have been invested and have (much) more than doubled.

    Who earns money one year and saves cash or leaves in in savings accounts paying nearly zero interest, for 36 years??

    It's a straw man argument, and an easy one to counter.

    Had I bought silver bullion in 1984, and held till today? how would I have done? 😉

    Better than FRNs, granted. But embarrassingly poorly vs stocks, real estate, or rare coins.

    Liberty: Parent of Science & Industry

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    @Baley said:
    Who earns money one year and saves cash or leaves in in savings accounts paying nearly zero interest, for 36 years??

    The man with a bunker full of little green monster boxes?

  • taxmadtaxmad Posts: 971 ✭✭✭✭

    @Baley said:

    @taxmad said:

    @Baley said:

    Cool chart. How relevant is the left half to any of us? For example,
    My 1st job was in 1984. 90% of the "damage" to the almighty 1913 dollar was already done.

    You would find that point (1984) on the chart and that becomes your 100% and then see where we are today. It appears you have lost about 50% of your purchasing power in your working career.

    Those 1984-earned dollars are either spent long ago on 1984- costing goods and services, or have been invested and have (much) more than doubled.

    Who earns money one year and saves cash or leaves in in savings accounts paying nearly zero interest, for 36 years??

    It's a straw man argument, and an easy one to counter.

    Had I bought silver bullion in 1984, and held till today? how would I have done? 😉

    Better than FRNs, granted. But embarrassingly poorly vs stocks, real estate, or rare coins.

    You may want to brush up on your logical arguments as well as your Econ 101. The strawman argument was yours (who earns money one year and saves cash) and your inability to apply a BLS chart showing the purchasing power of the dollar to real life is not surprising given the poor state of economic education in this country...

Sign In or Register to comment.