crhstreetwalker
Hero Member
- Apr 27, 2012
- 837
- 189
- Primary Interest:
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$26.83 Thoughts? Think it's going to plummet?
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TimZim said:I buy silver all the time. About every two weeks. If it drops there will be less crh ?? Thats good for some of us!! I think it will go back up soon. Buy low!!
I personally think that even dropping silver prives won't really stop a lot of people from CRHing. CRHers 'pay' like 1.50-3 an ounce when they keep silver coin. As long as silver doesn't drop down near this amount (which I don't see ever happening) there will always be a benefit to hunting.
I think it will lessen the drive for people who don't do extreme CRHing like members on here do, as it will become worth less and less of their time if the price continues to fall. I personally hope it goes up instead of down.
It will likely continue down into the low 20s if not lower, in the near term IMO. Focus on OZT not USD.
As long as the fed continues to print money PMs are a sound investment, especially when you are paying $1.50-$3/OZ as CRHers do. Hang onto it if you can. If silver breaks below $25 I may break a promise I made to myself and buy some junk silver at spot. Probably dimes and quarters.
What I have read is, if the Greek situation worsens the euro weakens and people bail into USD. PMs drop. If you step away from the painting the overall picture is the world is about to implode financially, maybe tomorrow, maybe in 10 years. I will be holding all the silver I have, and I have been hoarding since the early 1990s.
titanium is what you should be buying as supplies will be all mined out in the near future .
none left except urban recycling. silver will never run out by mining .