44.48 as of 6am

[tenseventyfive]

Good lord- when I bought ASE's last Saturday at the coin show for 44 ( well, I didn't BUY them I traded junk 40%ers for them but that was the trade price) I kinda felt like I paid too much..... Guess not.

 

[vetteguy96]

....Wish I were smarter two, three, HELL TWELVE months ago!

 

[steeda]

This price rise is unreal. I have been sitting on the side here for the past couple of months waiting for the price to stabilize or go down. Maybe we'll see $50 in the next week or so.

 

[StevoCBR]

Better buy, might be a small pull back at $50 but we will look back on these days and think. Ahh i remember those days when Ag was $45.

 

[jeff of pa]

Better buy, might be a small pull back at $50 but we will look back on these days and think. Ahh i remember those days when Ag was $45.

I'm surprised the $40.00 mark didn't cause a Drop.

I'll be shocked if it hits $50 before the Fall,
even though it looks like it could be there next week.

or even an all time record high before the end of april.

Silver hit an all-time high in the 1980′s of about $48.50 an ounce

 

[Tuberale]

I remember some years ago starting to accumulate some Ag when it was 5-8x face. And thinking "Should I be doing this?" Then taking a look at the Bush war spending spree and saying "Have to."

Wish I wasn't right.

IMO it isn't so much that silver has gone up, it's that the value of the $ has gone down. Couldn't afford Au so opted for Ag.

 

[fistfulladirt]

http://goldandsilverblog.com/for-silver-this-time-its-different-0219/

 

[JD-GA]

This price rise is unreal. I have been sitting on the side here for the past couple of months waiting for the price to stabilize or go down. Maybe we'll see $50 in the next week or so.

The uncertainty of the economy and overall feeling about our country is helping to fuel this monster silver hike. What about our economy do you feel like is about to "stabilize" that would stop this rise?

I jumped in last february with both feet at $17 an oz and even with 2 safety deposit boxes slammed full of silver im still looking for anyway I can to add to it. Usually an investor with that much invested in one thing would start getting nervous. However I can answer my own question I just asked you so it continues to rise and continue to buy.

Could always be wrong of course but ive never felt so certain of something before.

 

[RIcoinhunter]

$45.06 as of 11 am EST

 

[Bigheed]

45.09 highest i saw !

 

[StevoCBR]

And I would add, do the research. As you really start to dive into silver and what is going on i.e. manipulation You begin to understand first of all silver should be $100 right now based on the historical 15 to 1 ratio gold and silver share. Which by the way our government adopted for us to use . So that alone puts silver at $100 right there. Then as you read on you begin to understand that silver when used in certain industrial applications it is not able to recaptured to be put back in to circulation. So that means what science, history and the US government recognize as a true ratio of the amount of silver to gold, the ratio is actually shrinking.

So hopefully you now understand a few pieces of the 20,000 foot overview or at least understand that you should begin to educate yourself on silver. There is a ton of reading but if you want to go right to the source, read up on ted butler and anything he is in.

Then you will have the understanding the you need to buy now!!! at any price under $100 in my opinion is a buy buy buy. By the looks of it we could be in $75 silver within a few months. Lot's of things are possible but as long as our dictatorship I mean our government continues on our current path and keep the same attitudes and bickering over 40 billion in B.S. cuts when that is really a drop in the bucket and ends up being 20 billion of shifted money. As long as we continue with the same main stream media bias, and not addressing the REAL issues, and keeping our general populous sleeping. Keep buying.

Only until we completely put on the brakes, and the e-brake. And flip a 180. Oh and by the way the window for turning this massive ship around is closing. And just like when turning a huge ship the turn itself takes time, and just like our government is not meant to be able to turn on the whim of a few. It will take time, and hopefully were not out of it. But in the case of any emergency the response must be drastic.

Shell game people!

 

[StevoCBR]

And

In 2010, the world mined approximately 736 million ounces of silver and 85 million ounces of gold.3 The world also produced an additional 215 million ounces of silver and 53 million ounces of gold from recycled scrap.4 Adding both together brings us 951 million ounces of silver and 139 million ounces of gold supply, for a ratio of nine ounces of silver to one ounce of gold.

Mmmmm interesting

 

[jim4silver]

I am a big fan of silver, so I don't mean to come across as a silver bear. But this is rising too far too fast. You are now starting to hear alot more about gold and silver on mainstream media, CNBC, etc. I have always heard this is bearish as compared to when it is slowly climbing under the radar.

I simply cannot imagine that the alleged big-time manipulators (downward price action) of silver have been beaten/or given up on this. Maybe if they do exist they are going long now and profiting, all the time getting ready to pull the plug when they are ready.

Long term I think gold and silver will be way way higher than they are now, but now is not the time I believe based on other factors.

We'll see what happens this spring/summer. I still believe that any big drop in the DOW will pull gold and silver down with it like in 2008. Some pundits are speculating that the fed will stop QE2 in June and be done with QEs for awhile. If that is true the stock market will take a hit I believe. Absent that though, I know nothing goes up forever in such a manner without a big fall eventually, think mid 2000's housing prices, Nasdaq tech bubble, etc.

Still hoping for a big correction (so I can buy more, cheaper).

Jim

 

[mts]

And

In 2010, the world mined approximately 736 million ounces of silver and 85 million ounces of gold.3 The world also produced an additional 215 million ounces of silver and 53 million ounces of gold from recycled scrap.4 Adding both together brings us 951 million ounces of silver and 139 million ounces of gold supply, for a ratio of nine ounces of silver to one ounce of gold.

Mmmmm interesting

You have to remember that any historical or calculated ratio is completely fabricated and inconsequential. When the gold to silver ratio was at 15:1, this was pure "price manipulation" by the government. So claiming that it is some sort of magical ratio that determines prices is a bit misguided. The ratio of mined gold to silver is also suspect. For example, if you told me that last year there were 139 million ounces of gold mined and 139 million ounces of lead mined, you'd never agree that the gold to lead price ratio should be 1:1. It is true that the amount of gold and silver mined does play a part in the whole demand equation. But it is not some absolute calculation that can be readily applied to come up with an expected price.

Let's put it this way... if next year the science community discovers that a specific silver based solution makes people live forever, no amount of historical or calculated ratios will be able to describe the expected result. Silver could be 15 times more plentiful than gold. But the price of silver would go to millions of dollars per ounce.

 

[jim4silver]

And

In 2010, the world mined approximately 736 million ounces of silver and 85 million ounces of gold.3 The world also produced an additional 215 million ounces of silver and 53 million ounces of gold from recycled scrap.4 Adding both together brings us 951 million ounces of silver and 139 million ounces of gold supply, for a ratio of nine ounces of silver to one ounce of gold.

Mmmmm interesting

You have to remember that any historical or calculated ratio is completely fabricated and inconsequential. When the gold to silver ratio was at 15:1, this was pure "price manipulation" by the government. So claiming that it is some sort of magical ratio that determines prices is a bit misguided. The ratio of mined gold to silver is also suspect. For example, if you told me that last year there were 139 million ounces of gold mined and 139 million ounces of lead mined, you'd never agree that the gold to lead price ratio should be 1:1. It is true that the amount of gold and silver mined does play a part in the whole demand equation. But it is not some absolute calculation that can be readily applied to come up with an expected price.

Let's put it this way... if next year the science community discovers that a specific silver based solution makes people live forever, no amount of historical or calculated ratios will be able to describe the expected result. Silver could be 15 times more plentiful than gold. But the price of silver would go to millions of dollars per ounce.

Very good points MTS!

Also, for several years many silver mine operations were down due to the low price of silver. It takes years to get some operations going and I suspect that with the prices we have had, even over the past
2 years, that more silver mines will be operating at full capacity. Mexico and South America have many places that allegedly still have lots of silver in the ground.

I personally believe that this latest run up is due to high volume hedge funds, institutional investors and speculators and is not in any way related to industrial demand. Thus if said big boys (and girls) decide to take profits and/or go short in a big way we will see a huge (but in my opinion short term) drop that may leave many new buyers surprised.

I believe that what will really push gold and silver to the moon and keep it there for a while is gonna be when/if it becomes clear that the dollar (and other fiat currencies) are doomed. Many gold/silver bugs believe/know this already, but the general public has no clue, nor do many of the main stream financial pundits in my opinion (to hear them say how we will never default on our debt and things are getting better in the economy, etc). Probably by the time the general public really gets it will be near the end of the bull run and will be time to convert PMs into something else. What that is I have no idea right now

Gonna be an interesting time over the next 1 to 2 years that is for sure.

All just my opinion.

Jim

 

[RIcoinhunter]

$45.92 @ 12:25 pm.