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Thread: How low will silver go?

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  1. #16
    us
    Feb 2008
    Great Lakes State
    dirtfishing
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    silver surfing
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    Silver might hit $7, and gold $500, but I'd expect premiums to be way north of 100%.
    When I listen to LED ZEPPELIN...so do my neighbors

  2. #17
    us
    Oct 2009
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    Damn! I knew that PM prices would begin to decline if the FED raised the interest rate, but I never expected a PLUMMET! Over a $1 drop in 24 hours and it briefly went under $16.

    Going to keep watching but I may be getting ready to buy again.

  3. #18
    us
    Dec 2006
    Central Minnnesota
    White's DFX & VX3
    969
    260 times
    10 AM CT - Thur Dec 15, 2016 / Silver down $1.14 to $16.10 and Gold down $35.50 to $1128.20. Keep stacking !!
    H-2 CHARLIE likes this.

  4. #19
    us
    Nov 2010
    NJ Pine Barrens
    T2 SE
    5,164
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    Quote Originally Posted by 0121stockpicker View Post
    If the Fed finally starts raising rates that should strengthen the US$ and be negative for most commodities including silver.
    BRO, WHERE HAVE YOU BEEN OLD FRIEND?!?
    "Internet quotes are often inaccurate."
    -Abraham Lincoln

  5. #20
    us
    Scotland, Aye !!

    Oct 2004
    N. San Diego area (Pic of my two best 'finds'; son and grandson)
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    Come on 12 !!
    Don......
    Jason in Enid likes this.

  6. #21
    us
    Dec 2006
    Central Minnnesota
    White's DFX & VX3
    969
    260 times
    I've been following silver for maybe 20 yrs. To this day, I believe silver (and gold) have been and are being manipulated. Lately, silver has been on a steady level between $16 and $18. But, I'm still stacking and got a son to begin with his budget of $200/month and he's now really into it. Also, I went into one of my safes that I haven't been into for neigh onto 2 yrs. I found (2) 10 oz bars and 119 silver rounds that I had forgotten about. I didn't have an inventory, but now I do after all of these yrs.
    fistfulladirt likes this.

  7. #22

    Apr 2008
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    Quote Originally Posted by Goose-0 View Post
    I've been following silver for maybe 20 yrs. To this day, I believe silver (and gold) have been and are being manipulated. Lately, silver has been on a steady level between $16 and $18. But, I'm still stacking and got a son to begin with his budget of $200/month and he's now really into it. Also, I went into one of my safes that I haven't been into for neigh onto 2 yrs. I found (2) 10 oz bars and 119 silver rounds that I had forgotten about. I didn't have an inventory, but now I do after all of these yrs.
    Goose-o,

    On the issue of "manipulation" I am a bit divided. I used to proclaim that there is manipulation all the time because that's what the pro PM site pundits (you know the sites) always said. However, after looking at the issue over the past 10 years, I'd say silver/gold is no more "manipulated" than anything else.

    To get to the point of "manipulation" that the constantly wrong PM pundits proclaim it would have to involve more than meddling in the paper markets (comex, etc). It would also require some sort of "mind control" over the masses that make them decide to not buy silver/gold.

    Even if the paper prices are "manipulated" (being held down by big money sources all the time), that would not stop individuals from buying as much physical that they can buy at manipulated (LOW) prices. If that were to happen en masse, the so-called manipulators would lose control of the paper markets and would not be able to manipulate anymore, but that NEVER happens, no matter how many times the wrong pundits say the silver/gold supply is tight or low, etc. It is NOT. Premiums are cheaper now than I remember. One site is selling silver eagles for 29 cents over what the mint charges the primary brokers (who are at 1 step higher than the online store I am referring to). That would translate into minimal return, even with high volumes. That means nobody wants the crap, generally speaking, at least right now.

    Personally, if I could go back in time and not become a PM bug I would do it. If the world collapses, your PM's will not save you.

    PS The only real money I've made in PM's is acting more like a dealer flipping semi numis crap. The bullion itself, a big NOTHING. It would take silver hitting 100 for me to recoup the lost opportunity costs I've experienced keeping my $$$ in this crap instead of stocks, real estate, beanie babies, etc. over the years.

    Just my opinion.

    Jim
    Last edited by jim4silver; Feb 24, 2017 at 09:39 AM.
    lastleg likes this.
    R.I.P. Rich Hartford

  8. #23
    us
    Oct 2009
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    All Types Of Treasure Hunting
    Come on Jim, you of all people know that silver is NOT a profit investment. It's a hedge against financial disaster. If the economy implodes, the PMs will become very expensive and easy to sell as common folks always wait until doomsday to buy. If its a TEOTWAWKI scenario, then bullets and alchohol are the best hedge, but PMs will become valuable long before re-stabilization of fiat currencies.

    If you've been buying and flipping PMs, then you've been living with your head in the sand... or somewhere else.

    PMs are also the only form of wealth you can literally bury, and sit on. Stocks are businesses and those can and do go bankrupt (bye bye $$$), realestate can be destroyed and you have to pay taxes on it year after year until you have spent a fortune holding something in the hopes the price will go up AND you can find a buyer (bye bye more $$$). PMs will never be worth $0 so there will always be $$$ to recoup if you later decide to sell.

    True investment for retirement and beyond requires a professional portfolio manager and they are going to take a small %, plus the market can be bad for years so you have to be in it for the long term. It's not a game for the lay-person to attempt themselves.

    PMs always have been and always will be a smart PORTION of your total holdings, but like everything else, it can't be the only thing.
    Last edited by Jason in Enid; Feb 24, 2017 at 11:42 AM.

  9. #24
    us
    Dec 2006
    Central Minnnesota
    White's DFX & VX3
    969
    260 times
    You might be right J 4 S. I'm beginning to lean toward your thinking. As for your last paragraph, I too have been stung by my past silver actions and over time inflation has equalized any increased silver price I was hoping for. Real estate and stocks are more reliable for price increase. There are many stocks that are now paying over 5% dividends every yr. AT&T for one, is paying 7% dividends now, and has paid 5% or more, depending on that stock price.

  10. #25

    Apr 2008
    3,581
    397 times
    Quote Originally Posted by Jason in Enid View Post
    Come on Jim, you of all people know that silver is NOT a profit investment.

    If you've been buying and flipping PMs, then you've been living with your head in the sand... or somewhere else.

    I never said I was an investment guru. I do like coins and have always had an interest in them. I don't need an after the fact lecture from you though. I wasn't asking for your advice.

    I don't get your statement about my flipping coins? I do it for fun and profit and have made more in the little I've done with it than my other bullion. Problem is there is not enough of it (semi numis stuff) I can get cheap to make up for my bad investment decisions in silver bullion. If it wasn't for my flipping semi numis I would probably be at a loss overall with my silver. Plus I have a good time doing this when I get the chance.

    I could sell all my silver now and would be at or above my basis with silver at the $18+ level. I might unload half, still deciding.


    Jim
    Last edited by jim4silver; Feb 24, 2017 at 02:30 PM.
    R.I.P. Rich Hartford

  11. #26
    us
    Scotland, Aye !!

    Oct 2004
    N. San Diego area (Pic of my two best 'finds'; son and grandson)
    Minelab Explorer
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    Have you noticed the "Keep Stacking" crowd has all but disappeared?
    Don......
    lastleg likes this.

  12. #27
    us
    Oct 2009
    8,434
    7144 times
    All Types Of Treasure Hunting
    Quote Originally Posted by Mackaydon View Post
    Have you noticed the "Keep Stacking" crowd has all but disappeared?
    Don......
    LOL, I still am, but I don't advertise so others wont buy and run up the price, hahaha. I've been stacking since silver was $4.

  13. #28
    us
    Mar 2009
    A Place In Heaven
    Excalibur 1000, Garrett Scorpion.
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    Who the hell said we have disappeared, there's just nothing happening until now. And Don don't expect it to go down to $12.00 KEEP STACKING I am.


  14. #29
    us
    May 2011
    Kentucky
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    All Types Of Treasure Hunting
    STILL STACKIN' !!!!!!
    "Hello from deep within the copper mines of Western Kentucky."

    "Keep your hands off of my stack."

  15. #30
    us
    Scotland, Aye !!

    Oct 2004
    N. San Diego area (Pic of my two best 'finds'; son and grandson)
    Minelab Explorer
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    marchas,
    I don't EXPECT it to go to $12, but if it does, I'll jump back in.
    Meanwhile, I have been enjoying equities returning +5% for year--as my past posts have indicated.
    Don...

 

 
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