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Silver, hit $20!!!!!!

joeykoinsjoeykoins Posts: 16,593 ✭✭✭✭✭
edited July 28, 2022 5:27PM in U.S. Coin Forum

Wow,

What is this world coming to?
:D

"Jesus died for you and for me, Thank you,Jesus"!!!

--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.

Comments

  • DisneyFanDisneyFan Posts: 2,193 ✭✭✭✭✭

    The combination of more fiscal spending and less monetary tightening should mean pain for the dollar (i.e. lower).

    A falling dollar should resume the bull market in commodity prices ....

  • jmlanzafjmlanzaf Posts: 35,238 ✭✭✭✭✭

    @joeykoins said:
    Wow,

    What is this world coming to?
    :D

    Yeah. It's like it's June again

  • jmski52jmski52 Posts: 23,008 ✭✭✭✭✭

    I wouldn't get too overly excited.

    yet.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • joeykoinsjoeykoins Posts: 16,593 ✭✭✭✭✭
    edited July 28, 2022 8:29PM

    I know, it's just the first rise in weeks.
    Or months?
    :)

    "Jesus died for you and for me, Thank you,Jesus"!!!

    --- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
  • SilverEagle1974SilverEagle1974 Posts: 139 ✭✭✭

    Let me know when it hits $ 40.
    Then, I'll sell.

    Chris

  • skier07skier07 Posts: 4,068 ✭✭✭✭✭

    @SilverEagle1974 said:
    Let me know when it hits $ 40.
    Then, I'll sell.

    Chris

    And I’ll break even.

  • Jzyskowski1Jzyskowski1 Posts: 6,650 ✭✭✭✭✭

    I’m just glad I finally got one of those awesome asahi reverse proof Buffalo one ounce silver rounds. I saw one in hand and fell in love but just couldn’t handle the $15-20 premium over spot, although they are amazing ( to me) I resigned myself to not owning one. Low and behold , I found a sweet example for the price I could live with. 😉🙀🦫

    🎶 shout shout, let it all out 🎶

  • jmlanzafjmlanzaf Posts: 35,238 ✭✭✭✭✭

    @skier07 said:

    @SilverEagle1974 said:
    Let me know when it hits $ 40.
    Then, I'll sell.

    Chris

    And I’ll break even.

    Silver could hit $25 to $30 and the price not rise from where it is here. At some point, the premium will shrink. ASEs have been selling at $10 over for 2 years and bars at $3 to $5 over.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    If the proverbial economic feces hits the rotary air mover, we could easily see $40 silver. And I have no doubt it will happen. That being said, I have no idea when it will happen, and the accompanying economic woes will not be pleasant. Cheers, RickO

  • Namvet69Namvet69 Posts: 9,098 ✭✭✭✭✭

    Honey!.....Where's my magic 8-ball?

    BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich, Bullsitter, jmski52, LukeMarshall, coinsarefun, MichaelDixon, NickPatton, ProfLiz, Twobitcollector,Jesbroken oih82w8, DCW

  • joeykoinsjoeykoins Posts: 16,593 ✭✭✭✭✭

    I do realize, this is and always will be a crap shoot. I just don't understand why silver/gold, esp silver is so, so low?
    It should be near $25-$30, no?
    :)

    "Jesus died for you and for me, Thank you,Jesus"!!!

    --- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
  • thebeavthebeav Posts: 3,807 ✭✭✭✭✭

    @Namvet69 said:
    Honey!.....Where's my magic 8-ball?

    " Ask again later"...... ;)

    My Ebay Coin Store
  • jmlanzafjmlanzaf Posts: 35,238 ✭✭✭✭✭

    @joeykoins said:
    I do realize, this is and always will be a crap shoot. I just don't understand why silver/gold, esp silver is so, so low?
    It should be near $25-$30, no?
    :)

    No.

    Where was it in February 2019?

  • scotty4449scotty4449 Posts: 717 ✭✭✭✭✭

    @joeykoins said:
    I do realize, this is and always will be a crap shoot. I just don't understand why silver/gold, esp silver is so, so low?
    It should be near $25-$30, no?
    :)

    From what I understand, and I am no expert, the rest of the world is fleeing their local currencies and buying dollars. This makes the dollar stronger. When the dollar grows in relative strength, precious metals decline.

  • cagcrispcagcrisp Posts: 1,057 ✭✭✭✭✭

    @joeykoins said:
    I do realize, this is and always will be a crap shoot. I just don't understand why silver/gold, esp silver is so, so low?
    It should be near $25-$30, no?
    :)

    No...

  • jmlanzafjmlanzaf Posts: 35,238 ✭✭✭✭✭

    @scotty4449 said:

    @joeykoins said:
    I do realize, this is and always will be a crap shoot. I just don't understand why silver/gold, esp silver is so, so low?
    It should be near $25-$30, no?
    :)

    From what I understand, and I am no expert, the rest of the world is fleeing their local currencies and buying dollars. This makes the dollar stronger. When the dollar grows in relative strength, precious metals decline.

    The dollar strength has been amazing in the last couple of months. Oddly, it seems that the average person on the street thinks the dollar is in decline.

    It makes you wonder what inflation looks like in Europe.

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