silver below $30.00

PhilllyEagleFan · December 19, 2011 1:27AM

Slver dropped below $30.00. First time since the end of January of this year. I didn't think we would ever see silver below $30.00 again.

What do you think it will drop to and what do you think it will be at the end of 2112?

Casman · December 19, 2011 1:38AM

2112? Haven't thought that far ahead...

MPLunatic · December 19, 2011 1:39AM

I'm not sure how low it will drop, but don't think it will stay low for long, good buying opportunity

DennisH · December 19, 2011 1:44AM

Depends on so many things it's hard to keep track of them all. I think silver is pretty low right now too, and I wouldn't be surprised if it were higher by year-end 2012.

OPA · December 19, 2011 1:51AM

<< Slver dropped below $30.00. First time since the end of January of this year. I didn't think we would ever see silver below $30.00 again.

What do you think it will drop to and what do you think it will be at the end of 2112? >>

Actually it dropped below $29 & has been below $30 for a couple of days.
Silver in a hundred years? Not much, except in numismatic coins from the 20th & 21st Century. Substitude for industrial use would have been found.

DoubleEagle59 · December 19, 2011 1:57AM

I think it could hit $20 to $25 range in 2012.

True, it hurts us 'stackers' in the short term.

But I actually welcome it.

It is truly a 'gift from the PM Gods' as it will be one of the greatest buying opportunities of the decade.

OPA · December 19, 2011 2:00AM

<< I think it could hit $20 to $25 range in 2012.

True, it hurts us 'stackers' in the short term.

But I actually welcome it.

It is truly a 'gift from the PM Gods' as it will be one of the greatest buying opportunities of the decade. >>

Perhaps .. but if history repeats itself, it will take 30 years to get back to $50 & I'll be long dead by then.

Coins101 · December 19, 2011 2:22AM

<< Slver dropped below $30.00. First time since the end of January of this year. I didn't think we would ever see silver below $30.00 again.

What do you think it will drop to and what do you think it will be at the end of 2112? >>

$10,000 an oz. and gold will be at $400,000 an oz. at the end of 2112. Nope I see it!!!

Coins101 · December 19, 2011 2:23AM

<< Slver dropped below $30.00. First time since the end of January of this year. I didn't think we would ever see silver below $30.00 again. >>

Actually, silver was below $30 last week, south of $29 an oz.

DoubleEagle59 · December 19, 2011 2:48AM

<< 

<< I think it could hit $20 to $25 range in 2012.

True, it hurts us 'stackers' in the short term.

But I actually welcome it.

It is truly a 'gift from the PM Gods' as it will be one of the greatest buying opportunities of the decade. >>

Perhaps .. but if history repeats itself, it will take 30 years to get back to $50 & I'll be long dead by then. >>

I'd like to take that bet.

I'll put up $1000 and give you 5 to 1 odds.

How about it?

Everyone here is a witness.

STONE · December 19, 2011 2:53AM

Mods, move this to the PM forum!

JamesMurray · December 19, 2011 3:36AM

<< 

<< I think it could hit $20 to $25 range in 2012.

True, it hurts us 'stackers' in the short term.

But I actually welcome it.

It is truly a 'gift from the PM Gods' as it will be one of the greatest buying opportunities of the decade. >>

Perhaps .. but if history repeats itself, it will take 30 years to get back to $50 & I'll be long dead by then. >>

I think history does repeat itself but in ever shorter cycles , i hope we are all around to ride the silver roller coaster one more time , it was fun.A lot of us were in at 14 / oz and lower so it hasn't been too painful a dip.

Geoman · December 19, 2011 4:59AM

For what it is worth - I spoke with a long time coin dealer (50+ years in the business) and he told me to expect silver to drop to between $19 - $21 an ounce soon. Of course, anyone can make predictions. But he did predict correctly the last 2 drops. So it won't surprise me that silver drops another $10/ ounce in 2012. I've given up trying to figure it out!

derryb · December 19, 2011 5:41AM

"buy Mortimore, buy!"

johnny9434 · December 19, 2011 5:42AM

ill worry about 2012 when it gets here. i heard some are buying lead now

melvin289 · December 19, 2011 12:21PM

<< "buy Mortimore, buy!" >>

Our usual bet Reginald?

Ron

silvereagleproof · December 19, 2011 10:35PM

When you read the title and you did not like it why not click elsewhere?

crypto79 · December 19, 2011 11:21PM

Silver flirts with $50 and stays at $40 for a little while after being at 5$ dollars for most of all time and you think 30$ is the bottom?? Investments are a physiological fascinating human phenomenon; Layman buy at the top and sell at the bottom more similar to a gambler and less like a banker where in all other facets of life they buy at only the bottom even at the sacrifice of quality. Go figuar

crypto79 · December 19, 2011 11:22PM

<< When you read the title and you did not like it why not click elsewhere?

>>

Where else should one click, maybe the PM forum

Bigrig52 · December 20, 2011 3:58AM

Do you think dealers are going to sell it a lower price after they paid alot more for it when they purchased it or should i say when they ripped the public off to get it..I hope silver goes down to at least $10.00 a oz and stays there

SullivanNumismatics · December 20, 2011 4:08AM

Precious metals are a bubble in my opinion, and the price WILL go down a lot at some point in the next 1-5 years, and people will loose a lot of money when it does, unfortunately.

DBSTrader2 · December 20, 2011 5:40AM

From a purely selfish angle, I hope silver does take another large dip one more time, so that maybe I can buy a few more Walkers, Peace, & Morgans I need to fill holes without having such a large bite on my shrinking budget.......

Or, as silver prices drop, will numismatic value once again be king & prevent my being able to find many people offering to sell the dates I need at close to "melt"?

I have a feeling I won't be very lucky in filling holes much this time around after all......

- - Dave

shorecoll · December 20, 2011 6:43AM

I'm not sure when I would start buying bullion-based stuff. I bought most of what I used to own at $4/ounce...sold some at $12, some at $25, some at $50. I have a weird internal calculator that says the "real" value is $12-$16, based on nothing but a hunch...but it may never go there again...or it could bounce up and down like a Superball.

WestySteve · December 20, 2011 7:39AM

I'm a chartist. I like to use tea leaves and astological signs to tell me where silver is going.

Kidding, but when I look at charts I do get the feeling a bubble has burst. Or at the very least, we'll be range-bound for a long while. Just my opinion and yours is more valid.

But if you're banking that Silver is going to stay down, the thing to buy right now is anything that got ignored while everyone was playing the silver/gold game. Copper and nickel, perhaps? True collector coins? That might be the wise move.

Steve

UNCOnly · December 20, 2011 8:38AM

<< 

What do you think it will drop to and what do you think it will be at the end of 2112? >>

I don't think I'll be around to see it. But, it could go big.

NumbersUsacom · December 20, 2011 9:14AM

<< Precious metals are a bubble in my opinion, and the price WILL go down a lot at some point in the next 1-5 years, and people will loose a lot of money when it does, unfortunately. >>

I love quotes like this, especially now.

NumbersUsacom · December 20, 2011 9:20AM

<< For what it is worth - I spoke with a long time coin dealer (50+ years in the business) and he told me to expect silver to drop to between $19 - $21 an ounce soon. Of course, anyone can make predictions. But he did predict correctly the last 2 drops. So it won't surprise me that silver drops another $10/ ounce in 2012. I've given up trying to figure it out! >>

Goody!

Yesterday stocks were doomed, no christmas rally, europe still a mess, gloom gloom gloom. Today the Dow up over 300. I love the media.

golfer72 · December 21, 2011 8:14AM

<< Precious metals are a bubble in my opinion, and the price WILL go down a lot at some point in the next 1-5 years, and people will loose a lot of money when it does, unfortunately. >>

You are listening to the idiots on CNBC. A bubble! I don think so. If I am wrong its good news. I may LOSE money on silver but gain everywhere else.

OPA · December 21, 2011 8:44AM

<< 

<< Precious metals are a bubble in my opinion, and the price WILL go down a lot at some point in the next 1-5 years, and people will loose a lot of money when it does, unfortunately. >>

You are listening to the idiots on CNBC. A bubble! I don think so. If I am wrong its good news. I may LOSE money on silver but gain everywhere else. >>

He must be watching CNN instead of CNBC. Kramer is still pushing Gold, which, btw, is not a good sign for Gold.

droopyd · December 21, 2011 10:47AM

<< From a purely selfish angle..... >>

I want silver to go back up to where it was around Labor Day.

JJM · December 22, 2011 12:06AM

$40 by the end of 2012

silver below $30.00

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