PM prices cooking on Wall St

[Dozer D]

I've been hearing rumors again coming from Wall Street that the precious metals (gold & silver) are both headed for a BIG shot in the arm increase in the next 12-18 months. I'm sure that if this is True or False will give cause for a price panic which will not last long. However, if silver prices EVER resume to the historical 16:1 silver vs gold ratio then we can all sell our AG stack and retire. I know I will, I can't wait around another lifetime at age 69. If Gold hits $1800/oz @ 16:1 ratio, then silver would be $112.50/oz. I DON'T THINK SO, not for a long while yet.

 

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[fistfulladirt]

With such an increase in the value of PM's, can you imagine the price rise on consumer electronics!

 

[enamel7]

I've been reading some articles from economists that state this is the beginning. Certain clues are indicating we have actually been in recession for the last 2 quarters. Heck CBS news actually said last week that the unemployment numbers fail to count those that have ran out of benefits or given up looking. A certain conservative radio host has been saying that for 6 years. We are not in a recovering economy. Look for gold and silver to skyrocket!

 

[Treasure_Hunter]

Formerteller, please keep political statements out of all forums but our politics forum......

Thanks...

 

[Goose-0]

Gold and silver will never come to a 16 to 1 ratio --- things have changed. BUT, Silver is now (11 PM CT-Sun Jul 10 '16) at $20.60. Going, Going, Going.....up? Down? I don't know, but I'm still stacking.

 

[Goose-0]

I'm curious. On Monday, July 25th, 2016, at noon E T, the price of silver in New York was $19.70/oz. At Kitco, it was $19.605. Why? Is Kitco's price the world wide price while the New York price is the U S price?

 

[jim4silver]

This writer was correct during the whole PM bear move and turned "bullish" a while ago. Here is his most recent article. I am starting to think that maybe we won't get another smash into the lower teens. I have been wrong much since 2011 so maybe that means we will drop now. LOL

Market Anthropology


Jim

 

[Marchas45]

Lol Jim you called it again. You should have left this part out Lol " I have been wrong much since 2011 so maybe that means we will drop now. "

 

[jim4silver]

Lol Jim you called it again. You should have left this part out Lol " I have been wrong much since 2011 so maybe that means we will drop now. "

I have no clue which way the price is going. I just keep buying my cool stuff when I can get it cheap. I got some mixed year kooks in air tites (not in original holders) for $2 over melt, and two were early 90's so I grabbed them.

Jim

 

[Goose-0]

I went to a coin show yesterday (Sunday) and generic rounds were going for $21.20. ASEs were going for $22.50 ea. Then in the Aussie and New Zealand category (Alligator, Spider, Turtle, etc.), they were priced $24 to $32 ea. The Kooks always go for high money, everyone wants them. Ron, you were lucky to get them for $2 over spot. As a collector, I picked up an Unc 1897 Canadian sterling 5 cent piece (W8) for $10......goes for around $280 retail in a Canadian coin book. I doubt that......maybe around $70 at the most.