When will Gold and Silver break below $1200 and $18?

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  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    Make sure that your storage conditions are "cool and dry", and if you are storing coins in plastic, make sure that it's archival plastic and not pvc.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • Overdate
    Overdate Posts: 7,318 ✭✭✭✭✭
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    << <i>

    << <i>I don't find most of the physical silver offers especially tempting at $2.50 to $3.00 per ounce over spot. The lower the silver price goes, the higher the premium rises (as a percentage of the purchase price). At today's depressed prices, I prefer some of the smaller gold and silver exchange traded funds and their lower buy/sell spreads. >>


    The big dealers are paying a $2 premium on silver eagles right out of the US Mint. >>


    Okay, this is an oversimplification but gets the point across.

    Silver is at $17 spot. Dealers are paying $19 for silver eagles and selling them at $19.50.
    You buy 100 silver eagles for $1,950.
    Silver advances five dollars to $22 spot. Dealers are paying $24 for silver eagles and selling them at $24.50.
    You sell your 100 silver eagles for $2,400. Your profit is $450 (not counting shipping charges).

    -or-

    Silver is at $17 spot.
    You buy 100 shares of a silver ETF for $1,710 (the extra $10 covers the commission and the buy/sell spread).
    Silver advances five dollars to $22 spot.
    You sell your 100 shares for $2190 (as before, the $10 difference covers the commission and the buy/sell spread).
    Your profit is $480.

    Net difference - The ETF gives you a $30 higher return, with 12% less capital required and no storage or shipping hassles.

  • Kip
    Kip Posts: 852
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    Gold headed for $1150 then $875.............................
    UCSB Electrical Engineering....... USCG and NASA
  • CCC2010
    CCC2010 Posts: 1,997 ✭✭✭
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    << <i>Gold headed for $1150 then $875............................. >>



    Some say $700 or even $600 is this possible? What factors would make these prices come to fruition?
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  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,216 ✭✭✭✭✭
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    Doesn't seem so long ago I started a thread where I gave away an ounce of silver to the person who could guess when silver would hit $15. Believe it or not, it was November of 2007.
    When I purchased a coin shop in 2009, silver was about $10. How time flies. Perspective is a funny measurement.
  • Baley
    Baley Posts: 22,663 ✭✭✭✭✭
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    Time to start a new thread about $1100 and $15

    Liberty: Parent of Science & Industry

  • OPA
    OPA Posts: 17,166 ✭✭✭✭✭
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    << <i>Time to start a new thread about $1100 and $15 >>



    agree...why don't you do us the honors?

    Gold just broke $1,200 ...
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    I could put a stop to this decline in a moment's notice, but I'm not selling.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • VanHalen
    VanHalen Posts: 4,330 ✭✭✭✭✭
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    << <i>Time to start a new thread about $1100 and $15 >>



    Funny how you guys post this on PM forums every day. We know you have the answers but you still need to prove it to yourself every 12 hours?

    image

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