Silver almost 20.00

BobSav · February 28, 2008 12:50AM

Will it make it ?

fc · February 28, 2008 12:58AM

of course it will. i sold some last month! ;-)

percyb · February 28, 2008 1:02AM

All I can say is WOW....someone or group has been buying for the past several days like ....there's no tomorrow.

STONE · February 28, 2008 1:02AM

Yes it will. And the unfortunate part is that I wasn't sane enough to jump on it when it was at $10oz.
I did buy a lot for $4.25/oz about 5 years ago and sold it for $12/oz!!!

guitarwes · February 28, 2008 1:04AM

<< <i>of course it will. i sold some last month! ;-) >>

Of course it did, I sold some last WEEK!

guym · February 28, 2008 1:08AM

it might happen this week

ttown · February 28, 2008 1:10AM

Yes it will, when no one knows but this year I'd say. If you've watched PM's for the past 5 years you will notice one of them will break out strong like Platinum has done since the first of the year while the others lag. Then it will stablize and another one will take it place. In the long term all will do well.

TwoSides2aCoin · February 28, 2008 1:15AM

I sold 26.5 pounds of Washington quarters and Roosevelt dimes at the beginning of February for $4995. and change.
That was 11.2 times face.

What's it worth now ?

ttown · February 28, 2008 1:21AM

<< <i>I sold 26.5 pounds of Washington quarters and Roosevelt dimes at the beginning of February for $4995. and change.
That was 11.2 times face.

What's it worth now ? >>

13 times face now here. That was Wednesday so with silver being up .44 cents it will be a little higher now.

OPA · February 28, 2008 1:26AM

<< <i>I sold 26.5 pounds of Washington quarters and Roosevelt dimes at the beginning of February for $4995. and change.
That was 11.2 times face.

What's it worth now ? >>

almost 14 x ... & rising..

Link

ttown · February 28, 2008 1:30AM

Keep in mind the coinflation calculator is worthless. Yes that's the total price of the silver content in the coin but is far from a real world price on both ends of a buy or sell transaction.

blu62vette · February 28, 2008 1:32AM

Wont be too long.....

Weiss · February 28, 2008 1:52AM

We've discussed the possibility that this time it will be "different" because the silver ETFs and financials organizations are only interested in buying 1000 oz bars (meaning that coins WILL be melted rather than just traded as coins).

As the price jumps, and more people buy shares in those organizations, they MUST buy more and more 1000 oz bars.

But what about the flip side? What if the market starts to collapse and people sell their shares. Won't the ETFs have to start dumping 1000 oz bars at a time, probably very quickly.

Small investors and even medium size investors can't absorb too many 1000 oz bars. Any care to speculate if this scenario is accurate, and if so, what it might mean for silver?

Silver almost 20.00

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