Silver is up, up, up!
erwindoc
Posts: 5,090 ✭✭✭✭✭
Anyone think the surge from the first of the year is temporary? I bought LOTS (for me at least) when it was at the $14 price level and Id like to buy more.
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Anyone think the surge from the first of the year is temporary? I bought LOTS (for me at least) when it was at the $14 price level and Id like to buy more.
Even at today's price silver spot is very low compared to historical highs. Considering the lack of resolve on the part of our government to solve our budgetary issues I think precious metals will have a very bright future.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Sure is. Up 300% over the last 15 years.
Knowledge is the enemy of fear
How does silver figure into your finances? Is it one of several investments, how long before you retire, how will you respond if it goes to $10 after you buy? Do you consider it a hedge against any type of circumstance? What alternative uses do you have for the money?
These are some basic questions you should be able to answer. I can give you a number of reasons to buy silver, or not to buy it. I like it, but my circumstances are probably not the same as yours - and I've always liked it.
What do YOU think? Do you think it's going up, any time soon?
I knew it would happen.
Yes. Depending on who wins in November, silver may go up faster or slower but it will go up in value. I see inflation in our future.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
From dealing with the pawn shop I can see there is a constant flow through peoples hands, which may or may not be profitable to them, but actually utilizing its value for something else, or grabbing values on the buy end.
For me its been a percentage and fun. However since out of work for a year and now retired and drawing from my regular savings, the 'metal' percentage is creeping up automatically, not that its overall value was a gain as yet. My plan is to sell later, hopefully when its higher or flush, not leaving a single coin rolling when I go.
How does silver figure into your finances?
Yes. Depending on who wins in November, silver may go up faster or slower but it will go up in value. I see inflation in our future.
I doubt if it really depends on who wins in Nov.
I vividly recall when, in 2012, the vast majority here were saying if Obama wins a second term silver will skyrocket.
Nope, too many other factors worldwide driving prices up or down to look at the elections as a barometer IMO.
Inflation in our future? Probably.
Then, 1981 came along. And then 1982, 1983 and 1984. And 1985.
Now here we are. I wonder what the debt was in 1973? At some point, I still think that it will matter.
I knew it would happen.
Yes. Depending on who wins in November, silver may go up faster or slower but it will go up in value. I see inflation in our future.
Politicians don't dictate metal price direction. It is controlled by those that control the politicians.
"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
Anyone think the surge from the first of the year is temporary? I bought LOTS (for me at least) when it was at the $14 price level and Id like to buy more.
Temporary. Everything is temporary right? I still feel this cycle will bottom ~$12 and wouldn't be surprised to see $12 in the next year.
PM prices inverse to oil price instability, as oil price suffers from over production, silver price creep up, once oil gets back to $70 / barrel, if it ever does, look out below. MHO
On the contrary, I view a fairly direct relationship between silver and oil price direction.
"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
PM prices inverse to oil price instability, as oil price suffers from over production, silver price creep up, once oil gets back to $70 / barrel, if it ever does, look out below. MHO
On the contrary, I view a fairly direct relationship between silver and oil price direction.
and has been for quite some time...
I remember when the Treasury had a few hundred million oz of silver in their strategic reserve - around 1973-1974 or so, and when the decision was made to sell it off, the predictions were for a stratospheric price increase in silver after the strategic reserve was gone. Then 1978-1980 came along and it all seemed so true.
Then, 1981 came along. And then 1982, 1983 and 1984. And 1985.
Now here we are. I wonder what the debt was in 1973? At some point, I still think that it will matter.
Silver is the same price today as it was in 1981, isn't it?
Knowledge is the enemy of fear
PM prices inverse to oil price instability, as oil price suffers from over production, silver price creep up, once oil gets back to $70 / barrel, if it ever does, look out below. MHO
On the contrary, I view a fairly direct relationship between silver and oil price direction.
and has been for quite some time...
And if oil is dead for the next 10-20 years?
Knowledge is the enemy of fear
PM prices inverse to oil price instability, as oil price suffers from over production, silver price creep up, once oil gets back to $70 / barrel, if it ever does, look out below. MHO
On the contrary, I view a fairly direct relationship between silver and oil price direction.
and has been for quite some time...
And if oil is dead for the next 10-20 years?
Dare you to place that bet.
Historically, low prices for an asset increase demand. Over supply will diminish over time and it won't take anywhere near 10-20 years. Increasing conflict and turmoil in the oil regions will speed things up.
"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
"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
a wealthy person... until others discover the 'secret'.