How LOW will AG go ????

[Dozer D]

Silver today is under the $15/oz mark, how much lower can we see it plummet? Comments. Personally I may need to cash my AG in soon to help make ends meet with my social security, so I need it to go UP the other way. WAY WAY UP.

 

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[weighit]

I have no idea on how low it will go, but every week i keep ordering 2 boxes and take the silver I can find. Some weeks zip, others OK and every so often a great box. I'm lucky that I don't need to cash in my silver, but also will attempt to buy some silver from the coins shop if they are priced well. When silver dropped to close to $20 an oz I bought some and now it hit below $15 I will buy some more if I can. I will stock up as much as I can.

 

[Liu21]

It wont go under 14$. If that happens, it will shut all the mines down. The Super elite is forcing it down so they can stock up. I believe they force it down buy what they can, then let it rise again. Repeat the process till they have enough to wedge against what is coming. Wait another two months, and I will bet that silver will jump back to the 16-17 range, then steadily up to 20-25 by end of the year. Dozer, HANG in there!

 

[Pete_Iredale]

I don't really see any reason to think it won't keep falling. It was only $5 an ounce for 30 years after all. We had a huge bubble, and it's slowly been falling ever since. Also, I'm not convinced that hording silver for some impending economic catastrophe will really help. You can't eat it, drink it, smoke it or wipe your butt with it, so who will want it?

 

[Chizzy]

As long as the dollar (or the public confidence in the dollar) remains strong, silver will languish in the 14 to 17 dollar range.............
The problem the world has is that there is no other currency that can take the place of the dollar as the standard...........that will inhibit all of us "smaller speculators" for the foreseeable future.
All that being said..........I'm still buying and holding all that I can...................

 

[Old Bookaroo]

I used to think the floor for the price of any commodity was the cost of production. Then, some years ago, there was a plummet in the price of copper and it dipped below that "bottom."

How is such a thing possible? African producing nations needed dollars to badly they were willing to produce and sell copper for less than it cost them. They paid their costs in local currency and sold on the world market for dollars.

Having seen that, I'm forced to conclude that at least in the short run there is no floor. And the lower the price gets, the more they producers need to produce to generate the previous amount of income, and the oversupply just drives the price lower.

Did I cheer you up?

Good luck to all,

The Old Bookaroo

 

[fistfulladirt]

I don't really see any reason to think it won't keep falling. It was only $5 an ounce for 30 years after all. We had a huge bubble, and it's slowly been falling ever since. Also, I'm not convinced that hording silver for some impending economic catastrophe will really help. You can't eat it, drink it, smoke it or wipe your butt with it, so who will want it?

So, you've never heard of -

Ten ways to use colloidal silver's amazing healing abilities - NaturalNews.com

 

[releventchair]

We use it. On our dogs and ourselves.
Good on minor wounds but after dental extractions the dogs get it on the sites too.

 

[Darth Walker]

The lower it goes drives the crh competition down. Good for me because I do not hoard but bad for all the stakers.

 

[Davers]

I have no idea on how low it will go, but every week i keep ordering 2 boxes and take the silver I can find. Some weeks zip, others OK and every so often a great box. I'm lucky that I don't need to cash in my silver, but also will attempt to buy some silver from the coins shop if they are priced well. When silver dropped to close to $20 an oz I bought some and now it hit below $15 I will buy some more if I can. I will stock up as much as I can.

It's Def, a Buyers Market at this Time.

 

[baddbluff]

I love it every few months when this exact same topic keeps coming up and everyone pretends to be an expert on precious metals commodities (which doesn't exist, by the way). I remember the last time it was below $15 an ounce. Except the name of the thread was "How HIGH will Ag go?" Which proves my point that none of us, even the "experts" have any clue where it will go. I just hope it doesn't go lower, because I learned my lesson when I held onto my silver like a greedy idiot when it was at $35/oz. and watched it go down to $27 before I sold it. At least I sold it then and not now. Now I sell it as if find it, as soon as I get even a reasonably sized lot to put up on eBay or Craig's list (which is usually only a roll of 40s or a half dozen 90s sometimes). "A bird in hand", ladies and gents is wise advice! Just my 2 cents.

 

[Old Bookaroo]

badbbluff:

"....everyone pretends to be an expert on precious metals commodities (which doesn't exist, by the way)."

It's an old saying: "How do you make a small fortune speculating in commodities?"

"Start with a large one."

Good luck to all,

The Old Bookaroo

 

[ArkieBassMan]

If you look at an inflation-adjusted graph of the price of silver, its pretty much a straight line sans 2 spikes: the Hunt Bros. thing in ~1980 and the recent economic crisis. That graph suggests that the price of silver should be ~$10 and I expect it to get there.

 

[dreamboxvip]

Well i watched gold go down $37.00 an oz in less than a minute. Doesn't look good for silver ethier. Blows my mind how it just keeps going down.

 

[Mackaydon]

When I first worked for a bank in 1963, the price of silver had just jumped from the formerly fixed price of 91 cents in 1961 to $1.29.
Soon, I was selling $1 silver certificates for over $1.50 due to now defunct piece of silver legislation. More recently, I got out at $40 and have been lurking ever since; setting my reentry level at $12. So while others continue to stack (and are most likely continuing to 'average down' their losses (if they sold), I hold equities and await silver at $12--though there is no magic in that number.
Don....
PS: $14.63 last quote

 

[crhstreetwalker]

I hold equities and await silver at $12--though there is no magic in that number.

I remember you mentioning that a while ago. You're almost there!

 

[twiasp]

I love it every few months when this exact same topic keeps coming up and everyone pretends to be an expert on precious metals commodities (which doesn't exist, by the way). I remember the last time it was below $15 an ounce. Except the name of the thread was "How HIGH will Ag go?" Which proves my point that none of us, even the "experts" have any clue where it will go. I just hope it doesn't go lower, because I learned my lesson when I held onto my silver like a greedy idiot when it was at $35/oz. and watched it go down to $27 before I sold it. At least I sold it then and not now. Now I sell it as if find it, as soon as I get even a reasonably sized lot to put up on eBay or Craig's list (which is usually only a roll of 40s or a half dozen 90s sometimes). "A bird in hand", ladies and gents is wise advice! Just my 2 cents.

LOL Baddbluff I was just thinking of all the people yelling to buy all you can at 35 dollars an ounce and hoarding like mad. I dumped mine when I tried to explain the "bird in the hand" mentality. Also tried to explain that buying at 35 an ounce would have to go to 70/ounce to double your money so just CRH and stack, but don't buy.

 

[twiasp]

badbbluff:

"....everyone pretends to be an expert on precious metals commodities (which doesn't exist, by the way)."

It's an old saying: "How do you make a small fortune speculating in commodities?"

"Start with a large one."

Good luck to all,

The Old Bookaroo

To me stacking silver at home is very small potatoes commodities trading, i wouldn't even consider it such. You make money in commodities trading by trading contracts and using your minimal money to control hundreds of thousands of ounces, then when it goes up a penny you make a ton.

 

[twiasp]

Silver/Gold is a long term investment, if you want to flip stuff to make/lose money left or right try the stock market.

 

[norcalsteve]

When I first worked for a bank in 1963, the price of silver had just jumped from the formerly fixed price of 91 cents in 1961 to $1.29.
Soon, I was selling $1 silver certificates for over $1.50 due to now defunct piece of silver legislation. More recently, I got out at $40 and have been lurking ever since; setting my reentry level at $12. So while others continue to stack (and are most likely continuing to 'average down' their losses (if they sold), I hold equities and await silver at $12--though there is no magic in that number.
Don....
PS: $14.63 last quote

That is why I love CRH no matter what the price of silver is I am buying it at FV