What do you believe the silver price should be?

konsole

I want to get peoples opinion about what they believe the silver price should be.

1. Tell us 1 reason why you think it should be that price
2. Tell us 1 reason why you think the price shouldnt be less then that
3. Tell us 1 reason why you think the price shouldnt be more then that

percyb

I think the price of silver should be at the price it's at because that is the price the market has deemed it to be.

RedTiger

Price is set by demand and supply. At any moment in time, the price is correct. I don't tell the market what the price "should be." The market talks and I listen. The should price is like arguing with the ocean when the tide is coming in, or telling the Earth to stop spinning on its axis just because. Anyone who trades on "shoulds" is either a great genius or going to go broke soon. I ain't the first, and I don't want to be the second. The market can stay irrational longer than a trader can stay solvent.

MoneyLA

silver should be at a million dollars an ounce when I want to sell it. silver should be at a dollar an ounce when I want to buy it.

other than that, the market determines the price and anything else is wishful thinking

PerryHall

<< <i>Price is set by demand and supply. At any moment in time, the price is correct. >>



Are you saying that PM prices are never manipulated?

garsmith

It should be going up like a rocket; the way the government is printing money and devaluing the dollar silver should be more $ per oz.

gecko109

Silver is currently undervalued IMO. The COMEX contract sales are what drive the spot price, NOT local B&M, or eBay sales! And because the COMEX depends on the fact that well over 95% of the contracts it sells will not be called on for delivery, it will oversell them. In otherwords, if every contract was optioned for physical delivery, we would see chaos, much in the same way as what happens in a "bank run". The bank simply does not have the physical cash to give if all of its depositors at once withdrew all their funds, and COMEX does not have enough silver to cover a similar situation with its contracts holders.

Secondly, silver is a very highly used industrial metal. Because of this, unlike gold, silver is actually being "used up". There has been a mining deficit for well over a decade on silver now. That is to say, more ounces of silver are being used than are ounces being mined. Recycled, and scrap silver are currently making up for this defecit, but for how much longer can it keep up is anyone's guess.

In closing, as a purely educated guess, I would speculate that the TRUE market value of silver is much closer to those sales prices found on eBay ($16/oz) than it is to what Kitco has it listed at ($13/oz). I also think that it has nowhere to go but up in the moderate to long run, excusing the occassional "dip" of course.

cars

$12.75/oz

ProofCollection

I'd say the price "should" be about $1 higher than it currently is. The reasoning is that the silver premiums are "too high" and that if you added $1 to the spot price, premiums would be more reasonable.

secondrepublic

$20/ounce.

MPLunatic

I believe silver is very undervalued, I believe a more comfortable price for silver is around $25, it just seems to cheap at $13.

dac076

And because the COMEX depends on the fact that well over 95% of the contracts it sells will not be called on for delivery, it will oversell them. In otherwords, if every contract was optioned for physical delivery, we would see chaos, much in the same way as what happens in a "bank run". The bank simply does not have the physical cash to give if all of its depositors at once withdrew all their funds, and COMEX does not have enough silver to cover a similar situation with its contracts holders.


Isn't that true of other commodity markets as well? For example, don't oil futures trade on price speculation, independent of the actual supply of physical crude?

RedTiger

<< <i>

<< <i>Price is set by demand and supply. At any moment in time, the price is correct. >>



Are you saying that PM prices are never manipulated? >>



Virtually everything that trades, is/has been manipulated. The degree depends on the intelligence and the resources involved. All of that information, the manipulators, the potential for manipulation, is in the price. For traders it is better to be on the side of the manipulators than against them.

/edit to add: there is that long treatise about manipulation of the silver market that makes the rounds. I went through it. The period studied is one of the most bullish ever in the history of traded silver futures. An objective observer would conclude that if there was manipulation, the odds favor heavy manipulation to boost the price of silver.

ProofCollection

Here's a good article from today:

Crunch Time for Silver

jmski52

Back in 1977-1979, I was delighted when my intuition proved correct and silver went from something like $5.00 to $8.00.

When it went to $14.00, I was amazed.

When it went to $30.00, I thought that I was pretty hot stuff for "getting it right".

I sold mostly around $35.00 as it continued up.

I bought back in around $25.00 the following year, and it promptly dropped to $20.00.

So, what should the price be? All things considered, inflation and the like, the passage of time and such - I think the current price ought to be closer to $20.00.

However, considering the government we have - I think that next year's price (2010) ought to be around $50.00, and 2011's price - higher yet.

Disclaimer - All opinions stated here are strictly the opinions of jmski and are not intended as investment recommendations. If they prove to be "dead on", you will never hear the end of it.

secondrepublic

I think silver is relatively underpriced. Or maybe another way of saying it is that the US dollar is overpriced.

I'm getting a bonus at the end of this month for 2008, and was originally planning to put all of that cash into my savings account. But I've decided instead to use some of it to buy silver.

I don't see silver falling to $7 or $8 an ounce again, much less to $3 or $4. Frankly, if it does, it won't matter to me anyway, because the money that's going into it is discretionary.

BBQnBLUES

Until we see ads offering to Buy/Hocking your old Family Flatware... Silver will continue to stagnate..

I expect to see it drop in price to around $9 oz by years end

mkman123

if silver drops, the premiums will remain high so I'm not worried but I do want it to go up

roadrunner

$15-$16/ounce right now.....and that's in line with physical pricing of smaller coins/bars.

Silver is currently in a multi-year trend back towards a 40 to 60/1 ratio with gold. The current level at 71 is too high imo but it is coming down from 85. We already reached $18-$21/oz when gold reached $1030 last year. So right now with gold only 8-10% off the previous high, silver is undervalued at 40% off its previous high.

Don't give too much creedance to paper Comex pricing at the current level of $12.60. Only 2 short positions on the silver Comex make up as much as 80% of the total short positions. And these guys are not silver miners, gold miners, or anyone in the business trying to hedge their production. They are major banks (ie JPM or HSBC) who have a major position in currency, PM derivatives, and physical metal. While one can say that all markets are manipulated, you'd be hard pressed to find any major market that is traded in the daylight where but 2 major banks make the rules. And these same banks just happen to run GLD and SLV and have a nice pipeline into the FED and Treasury. Please find me another major Comex market where 80% of the futures are maintained by 2 entities.....and bankers no less. The gold futures are manipulated but they only have gone to the point of being 60% shorted by 3 banks. Silver wins hands down. These 2 metals are ultimately currencies and people use them as bellweathers of the economy, inflation, currency strength, etc. It's no surprise that 2 or 3 banks have become the commercial heavyweights in these markets. And you wonder why these banks are insolvent?

roadrunner

Norseman88

Right now I would say $25-30 an ounce would be a fair price, in 2-3 years I would have to say that $50 on the low side and possibly $100 if the $hit really hit's the fan.

fc

<< <i>$15-$16/ounce right now.....and that's in line with physical pricing of smaller coins/bars.

roadrunner >>



why in the world do you think silver spot price should be based on
the current sale price of smaller trinket bars?

more like 1000 oz bars.. and their 50 cent premium per ounce... would
be a logical argument i could accept. which, btw, you could order 25
of them right now if you wished and take delivery in a few days. There
would still be tons left over for other buyers right this second.

ProofCollection

<< <i>why in the world do you think silver spot price should be based on
the current sale price of smaller trinket bars?

more like 1000 oz bars.. and their 50 cent premium per ounce... would
be a logical argument i could accept. which, btw, you could order 25
of them right now if you wished and take delivery in a few days. There
would still be tons left over for other buyers right this second. >>



Why should it be based on 1000oz bars? Didn't it used to be that 1000oz bars sold for less than spot?

Edited to add:
And what about the silver contract backwardation? Do you find it remarkable that the March contract is selling for a 1% premium to May. There must be *some* concern about supply to warrant backwardation.

fc

<< <i>

<< <i>why in the world do you think silver spot price should be based on
the current sale price of smaller trinket bars?

more like 1000 oz bars.. and their 50 cent premium per ounce... would
be a logical argument i could accept. which, btw, you could order 25
of them right now if you wished and take delivery in a few days. There
would still be tons left over for other buyers right this second. >>



Why should it be based on 1000oz bars? Didn't it used to be that 1000oz bars sold for less than spot? >>



i am basing this on the fact that the production cost for 1 oz bars/rounds is
a lot more then a single 1000 oz bar when you consider you have to
make 1000 single oz rounds/bars...

adding in that production/fabrication costs is not really fair when we
are talking spot silver prices.

also adding in the ridiculous premiums sellers are getting right now
from reckless buyers is also silly. these people are buying it not from
the actual fabricators of the rounds/bars but from middleman.

call up silvertowne and place an order for 10000 rounds and all of
a sudden you can get them all for 1 dollar over spot if not less....
a la NWT mint for example. Buy 5000 or more ounces and you can have
them at 13.56 an ounce. Then feel free to sell them to retail buyers
at 15-16 per the norm of retail sales of bullion right now.

i hope that makes sense. wholesale prices versus retail. basing what
you figure spot should be based on the retail sales of small trinket
bars in onesy twosy amounts is nonsensical.

spot should be based on what a large player who wants 10000+ ounces has to pay for it... which.. funny enough.. is the spot price
plus shipping/holding/broker fees based on what buyers/sellers agree
upon on a almost daily basis.

AJ2525

While I am not sure of an actual number for the price of silver I do think it should be about $5-7 dollars higher than it is now.

If silver were this amount higher there would be better parity between its spot price and the price one pays for bullion products. I agree there is some premium based on fabrication but I think the $6 B&M shops are getting is too much.

In a perfect world I think silver should sell for a measurable premium over what it costs to mine, refine and fabricate it.

In short, I don't know.

Norseman88

<< <i>Until we see ads offering to Buy/Hocking your old Family Flatware... Silver will continue to stagnate..

I expect to see it drop in price to around $9 oz by years end >>



Well, as I write this silver is up $1.80 on the day to $13.75 including after hours trading. I suppose you could eventually be proven correct but IF silver got down to $9 this year I would imagine the premium over spot would be $2-3 for generic stuff and $5 for Maples and Eagles, possibly 100 oz. bars could be had for $1.50 over.

MoneyLA

These comments about silver "should be" are all wishfull thinking.

Look at the market price of silver--- because THAT IS THE PRICE.

What you wish it should be is just a wish.

But you can keep wishing...

ProofCollection

All I've got to say is: Backwardation. There's currently backwardation in silver for the March vs May contract.

When this happened in gold in December, gold was $200 less than what it is now, a nice 26% gain in 3.5 months.

If the same happens to silver, we're looking at $17 by the end of June.

Norseman88

<< <i>These comments about silver "should be" are all wishfull thinking.

Look at the market price of silver--- because THAT IS THE PRICE.

What you wish it should be is just a wish.

But you can keep wishing... >>



And you can keep wishing the price of silver down to what you think it should be, perhaps $5 is your target price????

roadrunner

$15-$16/ounce right now.....and that's in line with physical pricing of smaller coins/bars.

fc seems to have a knack for focusing away from the primary points of my posts and concentrating on a minor thing to better support his contrary views.

The price of silver should be $15-$16 now because of gold/silver ratio trends. The fact that smaller silver ouncers are "in-line" with that range is "convenient" rather than proof. It really won't matter all that much in the end as by the end of April we'll see $15-$16 silver. The 5 leading silver miners today gave a glimpse of what is coming by going up anywhere from 10-34% today...an 18% average. That doesn't include yesterday's large gains. The biggest surprise was the massively shorted Coeur D'Alene (CDE) which has been a massive dog for a year. With this gaining 30% today indicated some real strange things are afoot....such as heavy shorts finally being taken off by the smart money. CDE moving even 5-10% in one day was a miracle. The price of silver does look ready to move back over the previous Feb high. The fact that the gold/silver continues to contract only suggests further strength to come for both metals.

roadrunner

cohodk

Backwardation is only true if it extends all the way down the contract timeframe. The near month over the next month has very little meaning in projecting future prices especially when the "backwardation" is measured in pennies. For intents purpose it is rounding error.

I dont know why I keep getting sucked into this topic.

fc

<< <i>$15-$16/ounce right now.....and that's in line with physical pricing of smaller coins/bars.

fc seems to have a knack for focusing away from the primary points of my posts and concentrating on a minor thing to better support his contrary views.

The price of silver should be $15-$16 now because of gold/silver ratio trends. The fact that smaller silver ouncers are "in-line" with that range is "convenient" rather than proof. It really won't matter all that much in the end as by the end of April we'll see $15-$16 silver. The 5 leading silver miners today gave a glimpse of what is coming by going up anywhere from 10-34% today...an 18% average. That doesn't include yesterday's large gains. The biggest surprise was the massively shorted Coeur D'Alene (CDE) which has been a massive dog for a year. With this gaining 30% today indicated some real strange things are afoot....such as heavy shorts finally being taken off by the smart money. CDE moving even 5-10% in one day was a miracle. The price of silver does look ready to move back over the previous Feb high. The fact that the gold/silver continues to contract only suggests further strength to come for both metals.

roadrunner >>



"Silver is currently in a multi-year trend back towards a 40 to 60/1 ratio with gold. The current level at 71 is too high imo but it is coming down from 85. We already reached $18-$21/oz when gold reached $1030 last year. So right now with gold only 8-10% off the previous high, silver is undervalued at 40% off its previous high."

roadrunner... anyone can juggle numbers and stats to make whatever they want to appear correct.
you do this a lot. that is why i disregard them and go to the meat of your post.

the meat of your posts states 15-16 bucks is your reckoning and that is what smaller bars go for.
the rest is PURE bull crap you calculate to support it.

and you did it again in the last post. throwing out numbers, stock movements, and etc... makes
one sound smart... but not to me. You have a picture of what you want to see and you manipulate
the numbers to fit your vision. Simple as that in my book. You see what you want to see.

but i do not think you will ever understand my point of this. it is how you think.

me on the other hand? gold and silver are being driven around by fear, greed, and irrational decision making. try
to add those measurements into your juggled numbers you always talk about to support whatever case
you are trying to make.

1jester

I don't know about what the price of silver should be, but I've had to pay between $20-25 an ounce (even for 100 oz or 5 kg bars) to get my hands on the physical stuff lately, and that's a whole lot more than spot. Show me where you can get silver for spot or anywhere near spot, I dare you.

ProofCollection

fc, this is the chart that RR refers to. If you think the numbers are manipulated, or that the trend will not continue, that is your view. You must admit though that there is a pretty strong case for this historic trend to continue.



He did state a limited position that the price of gold will remain where it is or increase (meaning silver must go up), while it is possible for the price of silver to maintain its current price and the price of gold to drop to make the ratio trend continue, or a comination of the two. I'm with RR though, I think both will continue to increase, and I think silver will increase more than gold.

fc

<< <i>I don't know about what the price of silver should be, but I've had to pay between $20-25 an ounce (even for 100 oz or 5 kg bars) to get my hands on the physical stuff lately, and that's a whole lot more than spot. Show me where you can get silver for spot or anywhere near spot, I dare you.


>>



apmex.com and this is without even trying. but a 1000 oz bar for about 50 cents
over spot.. or how about a 100 oz bar for around 99 cents over spot. 1.19 for a
JM bar.

i hope you are not serious about your comments. the comments coming into my head
about paying 20-25 for silver are not kind. not at all.

fc

<< <i>fc, this is the chart that RR refers to. If you think the numbers are manipulated, or that the trend will not continue, that is your view. You must admit though that there is a pretty strong case for this historic trend to continue.



He did state a limited position that the price of gold will remain where it is or increase (meaning silver must go up), while it is possible for the price of silver to maintain its current price and the price of gold to drop to make the ratio trend continue, or a comination of the two. I'm with RR though, I think both will continue to increase, and I think silver will increase more than gold. >>



oh, i know exactly the chart he is referring to. just like the dow to gold charts
people throw around here. i think i will create my own chart of fertilizer to gold.

the point i am making is that ANYONE can dig up stats and manipulate numbers to
make their points. lies, darned lies, and statistics is a famous saying for a reason.

the silver to gold ratio to me.. is a bunch of crap and to use it to predict where
silver is heading is folly.

but that is my opinion. fear, greed, and irrational behavior are the things one should
be attempting to understand in the silver/gold markets.

just look at the previous poster who mentioned buying silver for 20-25 an ounce! is that
rational behavior in your book?

heh. no.

ProofCollection

<< <i>the point i am making is that ANYONE can dig up stats and manipulate numbers to
make their points. lies, darned lies, and statistics is a famous saying for a reason.

the silver to gold ratio to me.. is a bunch of crap and to use it to predict where
silver is heading is folly. >>



I'll agree that using the ratio chart to predict the future price of metals is unreliable and to hinge investment decisions on that alone is unwise; however, I do believe that the prices used to make the chart and the chart itself is based on historical fact. I'd like to know how you see otherwise.



<< <i>just look at the previous poster who mentioned buying silver for 20-25 an ounce! is that
rational behavior in your book? >>



It's not irrational. I believe we were paying $20-25/oz for silver just last year. Why do you think it is out of the question to happen again?

1jester

<< <i>

<< <i>I don't know about what the price of silver should be, but I've had to pay between $20-25 an ounce (even for 100 oz or 5 kg bars) to get my hands on the physical stuff lately, and that's a whole lot more than spot. Show me where you can get silver for spot or anywhere near spot, I dare you.


>>



apmex.com and this is without even trying. but a 1000 oz bar for about 50 cents
over spot.. or how about a 100 oz bar for around 99 cents over spot. 1.19 for a
JM bar.

i hope you are not serious about your comments. the comments coming into my head
about paying 20-25 for silver are not kind. not at all. >>



I'm being absolutely serious and the name of the game is supply and demand and demand is much higher than supply in some places. So call me irrational if you wish, but I'd rather have it at those prices than in a few months at $50/oz and a couple years at $100-$500/oz.

fc

<< <i>the point i am making is that ANYONE can dig up stats and manipulate numbers to
make their points. lies, darned lies, and statistics is a famous saying for a reason.

the silver to gold ratio to me.. is a bunch of crap and to use it to predict where
silver is heading is folly.

I'll agree that using the ratio chart to predict the future price of metals is unreliable and to hinge investment decisions on that alone is unwise; however, I do believe that the prices used to make the chart and the chart itself is based on historical fact. I'd like to know how you see otherwise. >>



because one can interpret the chart to come to whatever conclusion they want to see!
you both see silver as priced too low because the ratio is 71.

well i can turn around and say the ratio is at an odd point only because gold is priced too high!
if gold was at 850 the ratio comes burning down to 62 which puts it nicely in the middle of the
mean line running through that graph.



<< <i>just look at the previous poster who mentioned buying silver for 20-25 an ounce! is that
rational behavior in your book?

It's not irrational. I believe we were paying $20-25/oz for silver just last year. Why do you think it is out of the question to happen again? >>



because the amount of time silver has been above 20 dollars an ounce can be measured in months
while the sheer majority of time it can be purchased well below that. you like a historical chart one
moment but the next you completely ignore it!?!

that is what i mean about irrational behavior and seeing what you want to see to support
your views in life. i try not to fall into that trap.

fc

<< <i>

I'm being absolutely serious and the name of the game is supply and demand and demand is much higher than supply in some places. So call me irrational if you wish, but I'd rather have it at those prices than in a few months at $50/oz and a couple years at $100-$500/oz.


>>



this is the year 2009. buying your silver from a shark is not rational behavior.
you are online. you have google. there is really no excuse for not buying it
from a trusted source who sells near or at least close to spot.

i have a feeling this is what is driving the metals market right now. fundamentals
brought it up to the point where it is now. all the worries and concerns are already
built into the price. what is going on now is human behavior being what it is. not
fundamentals.

ProofCollection

<< <i>that is what i mean about irrational behavior and seeing what you want to see to support your views in life. i try not to fall into that trap. >>



It appears to me that you've fallen into your own trap.

While you are correct that historically silver has been above $20 for mere months, you ignore the factor of volatility which is what can really move the price. Last year silver had a price range from ~$8 to ~$23, and market volatility has not decreased since then. To think that in a market environment like this that a ~$6.25 move in silver is out of the question is short-sighted.

jmski52

There was an interesting chart a couple years ago that showed pictures of a massacre in Russia (Leningrad?), edited **now I remember** - it was in 1917 at the start of the revolution - that coincided with the beginning of the Weimar inflation.

Germans understandably became nervous at the prospect of a similar occurance in Germany. At one point, the price of silver dropped precipitously while gold jumped, as more Germans made contingency plans to flee Germany if a Bolshevik-style takeover happened in Germany.

In our current situation, the government is acting stupidly which parallels the Weimar government's stupid acts. There will come a point when the government will lose all credibility, and it will be an unfortunate time when a "coalition government" has to be formed to prevent a general uprising.

Add to that mix a population that's been nurtured on a grossly dysfunctional entitlement mentality, and we have a volatile and toxic brew in the making. Not good. Not good at all.

ProofCollection

<< <i>In our current situation, the government is acting stupidly which parallels the Weimar government's stupid acts. There will come a point when the government will lose all credibility, and it will be an unfortunate time when a "coalition government" has to be formed to prevent a general uprising.

Add to that mix a population that's been nurtured on a grossly dysfunctional entitlement mentality, and we have a volatile and toxic brew in the making. Not good. Not good at all. >>



The we travelled a long way down road to complete loss of credibility this week with the announcement on Wednesday. The fed is getting desperate and running out of options:

"Russia's Prime Minister Vladimir Putin suggested dumping the dollar as the world’s reserve currency and urged the creation of one world currency."

"A U.N. panel will recommend next week that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, a member of the panel said on Wednesday, adding to pressure on the dollar"

fc

<< <i>

<< <i>that is what i mean about irrational behavior and seeing what you want to see to support your views in life. i try not to fall into that trap. >>



It appears to me that you've fallen into your own trap.

While you are correct that historically silver has been above $20 for mere months, you ignore the factor of volatility which is what can really move the price. Last year silver had a price range from ~$8 to ~$23, and market volatility has not decreased since then. To think that in a market environment like this that a ~$6.25 move in silver is out of the question is short-sighted. >>



what good does volatility do for the premise of people here buying
silver and holding it with no set plan to let it go?

that is one of my core problems with PM holders. they rarely have a plan except buy and hold. how often do you see people here mention
the point they will sell? Rarely.

The only plan bandied about is too the moooon!

jmski52

what good does volatility do for the premise of people here buying
silver and holding it with no set plan to let it go?

that is one of my core problems with PM holders. they rarely have a plan except buy and hold. how often do you see people here mention
the point they will sell? Rarely.

The only plan bandied about is too the moooon!

I don't mean to be unkind, but if you have no skin in the game, it's absurd to even suggest that you know when someone should be selling, or buying for that matter.

cohodk

<< <i>I don't know about what the price of silver should be, but I've had to pay between $20-25 an ounce (even for 100 oz or 5 kg bars) to get my hands on the physical stuff lately, and that's a whole lot more than spot. Show me where you can get silver for spot or anywhere near spot, I dare you.


>>



I'll sell you a bunch of silver for $19/oz. IA nice mix of 90%, name brand bars, sterling, art bars, Govt rounds, foreign coinage. Send a PM with your want list.

ProofCollection

<< <i>what good does volatility do for the premise of people here buying
silver and holding it with no set plan to let it go?

that is one of my core problems with PM holders. they rarely have a plan except buy and hold. how often do you see people here mention
the point they will sell? Rarely.

The only plan bandied about is too the moooon! >>



What do you want, a price target? a date? It's foolish (IMO) to pick a price and say I'm going to sell all my silver at $xx.

I think most people are like myself in that they will sell "when the time is right." That time, for me, will be when the US and world economies stabilize... That is, when I think things have bottomed out and I see a better-performing asset class, that is when I will convert my holdings.

fc

<< <i>what good does volatility do for the premise of people here buying
silver and holding it with no set plan to let it go?

that is one of my core problems with PM holders. they rarely have a plan except buy and hold. how often do you see people here mention
the point they will sell? Rarely.

The only plan bandied about is too the moooon!

I don't mean to be unkind, but if you have no skin in the game, it's absurd to even suggest that you know when someone should be selling, or buying for that matter. >>



your statement does not make sense. since i do not own a couple
1000 ounces of silver at the moment i should not be able to discuss it?

pfft.

fc

<< <i>

<< <i>what good does volatility do for the premise of people here buying
silver and holding it with no set plan to let it go?

that is one of my core problems with PM holders. they rarely have a plan except buy and hold. how often do you see people here mention
the point they will sell? Rarely.

The only plan bandied about is too the moooon! >>



What do you want, a price target? a date? It's foolish (IMO) to pick a price and say I'm going to sell all my silver at $xx.

I think most people are like myself in that they will sell "when the time is right." That time, for me, will be when the US and world economies stabilize... That is, when I think things have bottomed out and I see a better-performing asset class, that is when I will convert my holdings. >>



foolish to have goals for your investments and set a point at where you
are happy with your profits? lol. ok. keep thinking that.

so your plan is once things stabalize and metals fall like a rock that
is the right time to sell. great plan. brilliant. sell when everyone wants
out.

CalGold

<< <i>what good does volatility do for the premise of people here buying
silver and holding it with no set plan to let it go? >>



This is a valid point and is why so many PM bugs never make money--they ride the metals up and then right back down without ever cashing in to make a profit. But then again the gold/silver bugs don't want to make money since they believe money is worthless.

As far as the question raised by the original poster, I still don't understand why silver isn't $7.50 or less.

CG

fc

<< <i>

<< <i>what good does volatility do for the premise of people here buying
silver and holding it with no set plan to let it go? >>



This is a valid point and is why so many PM bugs never make money--they ride the metals up and then right back down without ever cashing in to make a profit. But then again the gold/silver bugs don't want to make money since they believe money is worthless.

As far as the question raised by the original poster, I still don't understand why silver isn't $7.50 or less.

CG >>



that is easy to answer why it is not at those levels. fear and greed (speculation). Once the media stops pumping out the fear and the
economy turns around people will lose interest and shift the money
elsewhere.

1jester

<< <i>

<< <i>I don't know about what the price of silver should be, but I've had to pay between $20-25 an ounce (even for 100 oz or 5 kg bars) to get my hands on the physical stuff lately, and that's a whole lot more than spot. Show me where you can get silver for spot or anywhere near spot, I dare you.


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I'll sell you a bunch of silver for $19/oz. IA nice mix of 90%, name brand bars, sterling, art bars, Govt rounds, foreign coinage. Send a PM with your want list. >>



Name brand bars or gov't rounds would be preferable, and if you pay postage and customs we've got a deal.