$20 Silver?

asheland · July 13, 2020 4:38AM

You think we’ll ever see it?
It certainly looks like it’s trying to get there...
19.14 right now.

DoubleEagle59 · July 13, 2020 4:43AM

Everybody knows what side of the PM fence I stand on, but I hope everyone would agree, at our current rate of rampant money printing, even $20 an ounce for silver is far undervalued.

ricko · July 13, 2020 8:08AM

We will likely have a few surprises before this roller coaster ride slows down....No predictions from me, I will leave that to those that make a profit from their crystal balls...Cheers, RickO

dennis1219 · July 13, 2020 8:59AM

Rising gold and silver make sense to me with the current conditions. The only thing not making sense is an up stock market. My crystal ball, although in need of new batteries, says painful days ahead in the stock market. I recently took my profits and backed out. I may be a little early, but happy to get out with what I got.

blitzdude · July 13, 2020 9:07AM

We will certainly see it, the bigger question is will it hold?

DeutscherGeist · July 13, 2020 9:15AM

It looks like a PM bull market, so I am stepping aside from stacking and just being selective about just purchasing a few numismatic pieces and that's it. I purchase a few commemorative coins that I like to get MINT fresh at the year of issue, so that I have all the packaging and original paperwork intact and keep factory sealed.

A bull market makes it tempting to buy as if one does not want to miss this rocket or wave likely coming up, but I know, for myself, it's best to just watch for now. Buy only when the made rush settles down, maybe join some profit taking coming up.

chumley · July 13, 2020 9:21AM

getting close to where i could sell a bit at a small profit

Mike59 · July 13, 2020 9:55AM

I think we hit $20 soon. Maybe this week based on momentum. Im not sure we stay above $20 right now. I also thing we end the year $21-$22
IMHO

metalmeister · July 13, 2020 10:42AM

I liked it at $34 about 10 years ago. Since Silver is a by-product of Copper mining and Copper mining production is down in 2020, that should put a dent in Silver production. GLTA

VanHalen · July 13, 2020 10:59AM

@DoubleEagle59 said:
Everybody knows what side of the PM fence I stand on, but I hope everyone would agree, at our current rate of rampant money printing, even $20 an ounce for silver is far undervalued.

Agreed. $20 for a full troy ounce of fine silver is a very reasonable price in this day and age.

jmski52 · July 13, 2020 12:07PM

at our current rate of rampant money printing, even $20 an ounce for silver is far undervalued

understatement of the month, maybe of the year!

johnny9434 · July 13, 2020 12:07PM

id like to see it and have it stay there, jmo

derryb · July 16, 2020 1:03AM

You heard it here first:

March 16 was bear market bottom.
$21 silver before Aug. 15.
$25 before year end, triple digits before July 15, 2023.
Why? Money supply growth.

RedneckHB · July 16, 2020 3:48AM

@derryb said:
You heard it here first:

March 16 was bear market bottom.
$21 silver before Aug. 15.
$25 before year end, triple digits before July 15, 2023.
Why? Money supply growth.

From your mouth to God's ears. Baby needs a new boat.

jclovescoins · July 16, 2020 3:57AM

@derryb said:
You heard it here first:

March 16 was bear market bottom.
$21 silver before Aug. 15.
$25 before year end, triple digits before July 15, 2023.
Why? Money supply growth.

I like all of those predictions. Definitely agree with the first two. Doubt we see $100 in mid-July 2023 though. It certainly would be nice.

derryb · July 16, 2020 9:02AM

When precious metal prices rise in step with equities one of them is undoubtedly in a major bubble. Buy the other one.

Longarm · July 16, 2020 10:27AM

I still spend the same but get fewer ozs when the price rises. My cut off price is when it hits $30 again, right now I'm sending more in for grading then buying but there's a coin show in Grapevine Tx. this weekend so if there's any in the DFW area I will see you there.
http://coinshows.com/grapevine_gdp4.html

Longarm · July 16, 2020 10:29AM

That link isn't working so I'll try again,
http://coinshows.com/grapevine_gdp4.html

OPA · July 16, 2020 10:41AM

@derryb said:
You heard it here first:

March 16 was bear market bottom.
$21 silver before Aug. 15.
$25 before year end, triple digits before July 15, 2023.
Why? Money supply growth.

I think you are a little bid premature in you crystal ball gazing. (but that's to be expected) I'm a believer that $20 silver is possible by year end, however it depends if silver can maintain the $19 range for a while w/o dropping back down to previous highs in the $17 - $18 range.

MilesWaits · July 16, 2020 12:27PM

I like it when someone has the huevos to come in and make an intelligent prediction. And experienced. And doesn’t really need a boat.

Baley · July 16, 2020 1:37PM

Wow, $100 silver in 3 years?

Will everything quintuple in price?

Or just silver, which costs under $15 per oz to mine and refine?

blitzdude · July 16, 2020 3:46PM

@MilesWaits said:
I like it when someone has the huevos to come in and make an intelligent prediction. And experienced. And doesn’t really need a boat.

Looks like those huevos took a turn in the wrong direction. Could be back to the $18s as soon as tomorrow.

dpoole · July 16, 2020 5:14PM

If we see silver at $100 that soon, we'll have too much to be sorry about to enjoy it.

MilesWaits · July 16, 2020 5:50PM

You mean like a pandemic, helicopter Fed, riots and stuff like that?

derryb · July 16, 2020 6:35PM

Those concerned with tomorrow's price of any real asset need to avoid that asset. Stick with TESLA for day trading.

blitzdude · July 16, 2020 6:45PM

@derryb said:
Those concerned with tomorrow's price of any real asset need to avoid that asset. Stick with TESLA for day trading.

Hey you were the one pumping $21 within the next 30 days. Seems some are more concerned than others. Regards!

derryb · July 16, 2020 6:49PM

No doubt, You should stick with TESLA. It's perfect for the shortsighted.

derryb · July 16, 2020 6:58PM

@Baley said:

Or just silver, which costs under $15 per oz to mine and refine?

You should compare some share prices to book value. If physical silver was on the NASDAQ with a book value of $15, it would be selling for $150.

But still not a bubble. lol

blitzdude · July 16, 2020 7:02PM

TSLA, I could only wish. In 3 months I could have yielded more than I ever could in a LIFETIME of silver investing. TSLA is only for the market gurus like 2 cents.

For the record as of last night (7/15) all my investments in the casino went to "stable value" funds. Could miss out on additional gains but fortunate to be back at break even pre COVID. Now if we could just get the boat anchor to move I'd drop the gutter metal like a bad habit.

RedneckHB · July 17, 2020 5:14AM

@derryb said:

@Baley said:

Or just silver, which costs under $15 per oz to mine and refine?

You should compare some share prices to book value. If physical silver was on the NASDAQ with a book value of $15, it would be selling for $150.

But still not a bubble. lol

Many stocks trade for less than book value.

What you dont understand is the value of the cash flow that is given off by companies and the ability to grow that cash flow. And the ability to create something that never existed before. The ability to improve human existance. We could go on an on, but you would never understand, hence your reliance on conspiracy theory.

What kind of cartoon will you kill this thread with?

derryb · July 17, 2020 6:17AM

MilesWaits · July 17, 2020 7:48AM

Umm, Today it smells like teen silver spirit.

asheland · July 17, 2020 8:14AM

@Longarm welcome to the forums!

derryb · July 17, 2020 9:19AM

$20 is likely a psychological barrier for buyers and a physical barrier for buying algorithms. Breaking $20 should result in added momentum, making $25 before year's end more likely. Then it likely becomes a downhill snowball. But first, it has to break $20.

RedneckHB · July 17, 2020 2:50PM

Charts can be useful in finding likely support and resistance areas. I would encourage study.

derryb · July 17, 2020 3:17PM

No chart needed. Used the tea leaves of common sense.

RedneckHB · July 17, 2020 3:38PM

@derryb said:
No chart needed. Used the tea leaves of common sense.

Ok...well continue to be dismissive. It suits you. Maybe you should have used charts nearly a decade ago. You were warned.

derryb · July 17, 2020 3:43PM

Ok, no dismissivenessnessness intended.

Longarm · July 17, 2020 4:51PM

@asheland said:
@Longarm welcome to the forums!

Thanks

MilesWaits · July 20, 2020 7:59AM

Yes!!

derryb · July 20, 2020 8:03AM

Silver just broke $20 in the futures market. Just might trigger bullion bank algorithms to go to DEFCON 1.

blitzdude · July 20, 2020 8:24AM

@derryb said:
Silver just broke $20 in the futures market. Just might trigger bullion bank algorithms to go to DEFCON 1.

Nice, (almost) back to where it was 4 years ago, 10 years ago, 12 years ago etc. Bring on DEFCON 1. lol

rte592 · July 20, 2020 8:32AM

Now if you could add me to the list of secret memo's sent out.
You know the one to unload when we get to the 90% point of the top of the hill this go around.
That would be swell.

derryb · July 20, 2020 8:36AM

@blitzdude said:

@derryb said:
Silver just broke $20 in the futures market. Just might trigger bullion bank algorithms to go to DEFCON 1.

Nice, (almost) back to where it was 4 years ago, 10 years ago, 12 years ago etc. Bring on DEFCON 1. lol

Shame you can't say the same for the Almighty dollar. lol

Baley · July 20, 2020 8:51AM

@derryb said:

@blitzdude said:

@derryb said:
Silver just broke $20 in the futures market. Just might trigger bullion bank algorithms to go to DEFCON 1.

Nice, (almost) back to where it was 4 years ago, 10 years ago, 12 years ago etc. Bring on DEFCON 1. lol

Shame you can't say the same for the Almighty dollar. lol

Cool chart. How relevant is the left half to any of us? For example,
My 1st job was in 1984. 90% of the "damage" to the almighty 1913 dollar was already done.

blitzdude · July 20, 2020 8:51AM

I just hope the manipulators are able to pump it up again. I have a ton of physical to unload. I promise I will only stick with paper silver and physical gold from here on out.

carew4me · July 20, 2020 9:01AM

butt hurt on a PM forum when the spot price of PM's starts moving up with purpose. #so2020 #RESIST!

taxmad · July 20, 2020 9:52AM

@Baley said:

Cool chart. How relevant is the left half to any of us? For example,
My 1st job was in 1984. 90% of the "damage" to the almighty 1913 dollar was already done.

You would find that point (1984) on the chart and that becomes your 100% and then see where we are today. It appears you have lost about 50% of your purchasing power in your working career.

Baley · July 20, 2020 10:01AM

@taxmad said:

@Baley said:

Cool chart. How relevant is the left half to any of us? For example,
My 1st job was in 1984. 90% of the "damage" to the almighty 1913 dollar was already done.

You would find that point (1984) on the chart and that becomes your 100% and then see where we are today. It appears you have lost about 50% of your purchasing power in your working career.

Those 1984-earned dollars are either spent long ago on 1984- costing goods and services, or have been invested and have (much) more than doubled.

Who earns money one year and saves cash or leaves in in savings accounts paying nearly zero interest, for 36 years??

It's a straw man argument, and an easy one to counter.

Had I bought silver bullion in 1984, and held till today? how would I have done? 😉

Better than FRNs, granted. But embarrassingly poorly vs stocks, real estate, or rare coins.

blitzdude · July 20, 2020 10:24AM

@Baley said:
Who earns money one year and saves cash or leaves in in savings accounts paying nearly zero interest, for 36 years??

The man with a bunker full of little green monster boxes?

taxmad · July 20, 2020 10:46AM

@Baley said:

@taxmad said:

@Baley said:

Cool chart. How relevant is the left half to any of us? For example,
My 1st job was in 1984. 90% of the "damage" to the almighty 1913 dollar was already done.

You would find that point (1984) on the chart and that becomes your 100% and then see where we are today. It appears you have lost about 50% of your purchasing power in your working career.

Those 1984-earned dollars are either spent long ago on 1984- costing goods and services, or have been invested and have (much) more than doubled.

Who earns money one year and saves cash or leaves in in savings accounts paying nearly zero interest, for 36 years??

It's a straw man argument, and an easy one to counter.

Had I bought silver bullion in 1984, and held till today? how would I have done? 😉

Better than FRNs, granted. But embarrassingly poorly vs stocks, real estate, or rare coins.

You may want to brush up on your logical arguments as well as your Econ 101. The strawman argument was yours (who earns money one year and saves cash) and your inability to apply a BLS chart showing the purchasing power of the dollar to real life is not surprising given the poor state of economic education in this country...

$20 Silver?

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