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Silver $14.50 by close on Friday? Closed at $13.49 O well.

holeinone1972holeinone1972 Posts: 5,368 ✭✭✭
in U.S. Coin Forum
Ok so I am bored. But since I am getting ready to sell some silver, I am hopefull. I found a local dealer paying $8.75 right now, but I think I will wait a lil longer.

Opinions?

image

Comments

  • notwilightnotwilight Posts: 12,864 ✭✭✭
    I'll bid $9.25 right now. --jerry
  • ttownttown Posts: 4,472 ✭✭✭
    This isn't a good time......wait IMO.
  • PrivateCoinCollectorPrivateCoinCollector Posts: 2,415 ✭
    It probably will as I just sold all I had sitting around.
    Morgan HerdTO Gold Mine
  • MoneyLAMoneyLA Posts: 1,825 ✭
    As I write this, the gold-to-silver price ratio is 55-to-1.

    the historic ratio is 17-to-1.

    silver is darn cheap.

    cheers, Alan Mendelson
    BestDealsTVshow.com
    Cheers, Alan Mendelson
    www.AlanBestBuys.com
    www.VegasBestBuys.com
  • UtahCoinUtahCoin Posts: 5,366 ✭✭✭✭✭
    As I mentioned in an earlier thread, I was planing on selling silver on Monday. This should ensure that the price will plummet Friday PM. Look for $11 silver Friday PM. image
    I used to be somebody, now I'm just a coin collector.
    Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
  • RussRuss Posts: 48,514 ✭✭✭
    $14.50 would be nice. I could actually squeeze out a profit on the stuff I've accumulated.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • RVDavisRVDavis Posts: 1,137 ✭


    << <i>$14.50 would be nice. I could actually squeeze out a profit on the stuff I've accumulated.

    Russ, NCNE >>



    I claim full credit for the run-up in gold and silver as I sold all of my bullion last Friday to make a down payment on a house.

    Argh!
    Proud recipient of YOU SUCK more than once and less than 100 times.
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>As I write this, the gold-to-silver price ratio is 55-to-1.

    the historic ratio is 17-to-1.

    silver is darn cheap.

    cheers, Alan Mendelson
    BestDealsTVshow.com >>



    could somebody explain what this means?

    "historical ratio?" and why it is skewed and what market forces have kept it where it is?

    is more silver being RECYCLED now...???

    i'd have to agree that silver has more room to go up than gold but why?image
  • ElKevvoElKevvo Posts: 4,139 ✭✭✭✭✭
    The historic ratio of the price of gold to the price of silver has been about 17 to 1 (or you could say it took 17 ounces of silver to buy one ounce of gold I guess) or so, and now it is 55 to 1. You could interpret that to mean that there is more silver on the market and/or less gold than in past days but who really knows?

    K
    ANA LM
  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>The historic ratio of the price of gold to the price of silver has been about 17 to 1 (or you could say it took 17 ounces of silver to buy one ounce of gold I guess) or so, and now it is 55 to 1. You could interpret that to mean that there is more silver on the market and/or less gold than in past days but who really knows?

    K >>



    I think one could say there is more "paper" silver out there than gold or "paper" gold.

    I tend to believe the truth is that there is actually less physical silver than we are being led to believe. Eventually the chickens will come home to roost.

    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • jmski52jmski52 Posts: 23,267 ✭✭✭✭✭
    I am a buyer of silver. It will appreciate, more so these days.image

    Selling now is a mistake, imo.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • ElKevvoElKevvo Posts: 4,139 ✭✭✭✭✭
    Yeah I agree that there is a lot of paper silver...I rcv a newsletter from Investment Rarities that has commentary by a silver bull named 'Ted Butler', his thoughts can be found here... Past Articles...and a lot of them are pretty interesting (although I think he might be a little paranoid about the silver short positions). Please note that this is not a promo for this company or the articles...I signed up to get them 'cause I received a couple of ASE's for free!

    K
    ANA LM
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>The historic ratio of the price of gold to the price of silver has been about 17 to 1 (or you could say it took 17 ounces of silver to buy one ounce of gold I guess) or so, and now it is 55 to 1. >>



    Short gold! image

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • LALASD4LALASD4 Posts: 3,602 ✭✭✭


    << <i>

    << <i>The historic ratio of the price of gold to the price of silver has been about 17 to 1 (or you could say it took 17 ounces of silver to buy one ounce of gold I guess) or so, and now it is 55 to 1. >>



    Short gold! image

    Russ, NCNE >>



    Thinking about it.image

    Short gold and long silver, maybe?
    Coin Collector, Chicken Owner, Licensed Tax Preparer & Insurance Broker/Agent.
    San Diego, CA


    image
  • MoneyLAMoneyLA Posts: 1,825 ✭
    Either Russ is correct and gold will plummet, or silver will triple soon.

    I'm going to "speculate" that silver will triple and the gold price is "fair."

    use "crude oil" as a substitute for gold.

    compare the ratios of oil to gold.

    when oil was $10 a barrel, gold was $35 an ounce, a gold to oil ratio of about 3.5 to one. and silver was $1.19 an ounce, so the oil to silver ratio was 8 to one.

    now oil is $80 a barrel and gold is at $730, a gold to oil ratio of about 9 to one. and silver is at $13 an ounce, an oil to silver ratio of 6 to one.

    this tells me that while gold might be overpriced, silver is still underpriced.

    cheers, Alan Mendelson
    BestDealsTVshow.com

    (just in case anyone cares, I wrote more about silver and gold in the ALERTS section of my site)
    Cheers, Alan Mendelson
    www.AlanBestBuys.com
    www.VegasBestBuys.com
  • 57loaded57loaded Posts: 4,967 ✭✭✭
    so silver should be at $33 an ounce?

    what century?
  • fishcookerfishcooker Posts: 3,446 ✭✭

    The last time oil averaged $10.87/bbl for an entire year, gold averaged about $290/oz.
  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>so silver should be at $33 an ounce?

    what century? >>



    I'll go out on a limb here. How about 2009? Could be higher than that in two years.

    I'm sticking to my $17 silver prediction for the end of 2007. I've been saying that for years now.

    $25 plus wouldn't surprise me as a high in 2008.

    Gold is like a train leaving the station, silver is like a rocket and the fuse has been lit. The only question is how long is the fuse.

    Silver is a cruel mistress, I've been up and down with her for years now, but there is only one way to go in the long run and it's going up and away rapidly when that time comes. The economic world as we have known it is about to end. It won't be without pain, but I've been expecting this for some time now. The shell game has to come to an end sooner or later and it looks like sooner from here.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • MoneyLAMoneyLA Posts: 1,825 ✭
    take a look at 1973 prices for oil and gold and silver, which is the benchmark used.

    don't believe silver can hit $33 an ounce? how about the $50 an ounce price in 1980? and where is inflation today? compare 2007 prices to 1980 prices.
    Cheers, Alan Mendelson
    www.AlanBestBuys.com
    www.VegasBestBuys.com
  • 7over87over8 Posts: 4,733 ✭✭✭
    silver should make a run at $20/oz by early next year
  • DoubleEagle59DoubleEagle59 Posts: 8,378 ✭✭✭✭✭
    Short gold and long silver, maybe?

    The ratio could go down from 55:1 AND the price of gold can increase at the same time, so I wouldn't be thinking of shorting gold.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • CoinMaster1229CoinMaster1229 Posts: 1,092 ✭✭
    Before they deregulated Gold & Silver, I thought Gold was $20.00 per oz. & Silver was .80 Cents per oz.. thats 25 to 1 !!!!

    If silver is priced fairly at $13.50 oz. then gold is worth only $ 270.00 per oz..

    If gold is priced fairly at $715.00 oz. then silver is worth $35.75 per oz..

    image
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>take a look at 1973 prices for oil and gold and silver, which is the benchmark used.

    don't believe silver can hit $33 an ounce? how about the $50 an ounce price in 1980? and where is inflation today? compare 2007 prices to 1980 prices. >>



    1980 had high inflation Hunt brothers created a fools run.




    yeah silver may reach 33 an ounce but not in USD
  • mojomanmojoman Posts: 2,665


    << <i>I'll bid $9.25 right now. >>

    Me to
    image
    Ebay Seller I.D
    the_northern_trading_company
    ace@airadv.net
    imageimage
  • holeinone1972holeinone1972 Posts: 5,368 ✭✭✭


    << <i>

    << <i>I'll bid $9.25 right now. >>

    Me to
    image >>



    Do I hear $9.75 ????????????? image
    image
  • holeinone1972holeinone1972 Posts: 5,368 ✭✭✭
    Currently $13.55
    image
  • GUINZO1975GUINZO1975 Posts: 182
    I say silver should currently be at $44 dollars an ounce based on the 17-1 ratio. I think silver is really cheap right now and should hit $60 dollars an ounce in the very near future.
    GUINZO1975
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,615 ✭✭✭✭✭
    image
    image

    My strategy is trying to price according to what I think it's worth to someone else.

    This one is about 28 times face value. Am I way off ?

    ``https://ebay.us/m/KxolR5

  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>I say silver should currently be at $44 dollars an ounce based on the 17-1 ratio. I think silver is really cheap right now and should hit $60 dollars an ounce in the very near future. >>



    There is no rush on gold or silver it is just a reflection/reaction of the weak US dollar in today's global market. It will just cost more devalued dollars to buy it, that's all.

  • GUINZO1975GUINZO1975 Posts: 182
    Loaded, I agree with you that the worthless dollar has helped the price of gold appreciate. Lets not forget the impending housing and stock market collapse which is on the horizon. The Dow Jones will crash! Then the housing market will go down the toilet. This is a perfect storm for gold! I see gold above $850 an ounce by the end of the year.
    GUINZO1975
  • HugegutHugegut Posts: 574
    It won't be doing it today. Gold and silver are falling fast.
  • ttownttown Posts: 4,472 ✭✭✭
    Here we go it's going to crashimage Golds down only a little over 3 bucks and silver is up a nickel, the skys a fallen.image
  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>It won't be doing it today. Gold and silver are falling fast. >>



    Silver has already turned around and is headed back up.

    Quite the volatile lady, that silver girl.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • holeinone1972holeinone1972 Posts: 5,368 ✭✭✭
    Silver closed today at $13.49

    $9.75 face value.

    Who wants mine? image
    image
  • DeadhorseDeadhorse Posts: 3,720 ✭
    9.1 X face is the best price I can find in Houston right now.

    Not that I am planning on selling, but that's the best buying rate from B&M shops as of now.

    No, I'm not a buyer at 9.75 X face. You may have to wait a bit on that.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • rec78rec78 Posts: 5,870 ✭✭✭✭✭
    The silver price rise to over $50 an ounce in 1980 is not comparable to today. There are no Hunt brothers or anyone else trying to corner the silver market. When the price spiked the Hunt brothers had about 25% control of the silver market. Then things fell apart. This is a situation that is not likely to be repeated. Today's prices are more realistic.

    Also the historical ratio means nothing in todays terms. That ratio was used when silver and gold coins were minted for circulation. There is no meaningful comparison at this time. JMHO. Bob
    image
  • notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>Silver closed today at $13.49 $9.75 face value. Who wants mine? image >>



    If you use 9 x face instead of $9 there won't be confusion. --Jerry

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