Why isn't silver at $30.00/ounce already?
SanctionII
Posts: 12,964 ✭✭✭✭✭
Just does not seem fair (to me personally since I have the "right" to see my silver immediately increase in value; I know my "right" is located somewhere in the Constitution
). 0
Comments
I have a right to $40 an ounce silver you get bumped back
down to $20. Sorry.
Bob
Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
Sure, I could rake in some bucks if silver were $30/oz right now (I have some rolls of ASEs, etc), but think about what some things would then cost....
A SAE would be ~$33-$35.
earlier silver proof sets would be close to that $30/set.
New silver mint products would be ~$40+ per oz/pc.
The buying side would suck!
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>It's not all about SELLING.
Sure, I could rake in some bucks if silver were $30/oz right now (I have some rolls of ASEs, etc), but think about what some things would then cost....
A SAE would be ~$33-$35.
earlier silver proof sets would be close to that $30/set.
New silver mint products would be ~$40+ per oz/pc.
The buying side would suck! >>
You've got a good point
Now letting the banks borrow money to cover loans and use default loans as collateral- That just sounds so damn smart...
ANyway- That and then people who are losing money in equities are covering by selling PM's and Margin calls are being covered with PM's. It is not all profit taking.
There is heavy resistance for Gold at 1000$ and thus Silver his hitting a ceiling right now. Chart fundamentals are strong for gold and silver- I am bullish here.
Interesting note- Silver was up .50$ and Gold 10$ and then Bernake announced the injection of liquidity and boom down goes PM's- Happened last week as well when the jobless claims number was released.
Jason
by the big silver short interests
FloridaBill
NSDR - Life Member
SSDC - Life Member
ANA - Pay As I Go Member
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
<< <i>Get in touch with the "hunt " brother and see if they are interested in doing it again..
Bob >>
You wouldn't believe how long it took to get him to sit still for this.
<< <i>What is important is that silver goes from $20 to $30 before the buying power of a dollar goes to 66 cents of current buying power. Both are inevitable but the nature of capital preservation in this game is precisely this point. >>
However if you buy silver today at $20 using dollars and sell at $30 for Euros and convert those to dollars you will be way ahead.
A little silver on a regular basis is kinda like a savings account, only with real money instead of imaginary money.
I knew it would happen.
Hell, I don't need to exercise.....I get enough just pushing my luck.
Another excellent point! I tried to get Russ to give a signal a couple weeks ago, but he refused to do it because he hadn't accumulated very much silver (yeah, right). That bodes ill for near term silver prices. I bought anyhow (on the spike up), which should keep prices down for awhile, until he starts taking his role as market indicator a little more seriously.
I knew it would happen.
Why is it not $30/oz. you ask?............because I still have some left. When I sell my last little bit, then, and only then, will it skyrocket.
wes
Too many positive BST transactions with too many members to list.
Please be aware that $40 silver also brings $15 loaf of bread!
<< <i>I sold today @ 13.25X face. That should give the silver market a good lift. >>
I've got a local dealer up here that offered me 15x face for 90% and 5x face for 40%.
He knows who I am though and did say that I would have to see him as no one else in the shop would give me that much (he runs the place and they all answer to him)
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
25% supply and demand.
roadrunner