Silver is fascinating to chart!

[Immy]

Silver's price hasn't gone under $10/oz. since June, and when it gets near that level it seems like our silver stock loses it's allure a bit. But what I didn't realize is that just a year ago this week silver was at only $8/oz. and five years ago it was around $4/oz. at this time, putting a 40% half at just over face value in silver content! What other commodity has shown a 300% increase in just five years!

Today's opening shows upward action already, $12.12/oz. Can we expect $36/oz in 2011? I'm willing to wait and find out!

 

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[Pennyworth]

I like the sound of this! I'm mathematically challenged,so I'll take your word on your calculations.

 

[Jeffro]

Silver will be dropping soon, within the next month. Time to start buying when it gets under 12. If it gets under 11, I'll be like a kid in a candy store!

 

[Jeffro]

Silver is starting to drop- lets hope its THE drop I've been expecting!

 

[Postalrevnant]

Nobody can really know whats coming. I would say that unless countries pay off their depts and make their currencies strong. Especially ours, and I don't see that happening soon. THen precious metals should stay strong ... atleast somewhat strong.

Unless of course someone really strikes a huge mine....or worse

OMG I hate saying these words....someone figures out how to make silver / gold like they did diamonds.

In the mean time we can hope that the cycles work to our favor. And if nothing else, we are certainly getting some wonderful coins. I do love those Walkers. I realize they are not worth a ton, but to me they are wonderful. If I had the money to buy old coin I would.. both collection wise and for future investment. Perhaps things will change then I will begin to buy...and perhaps best of all find a way to start roll hunting again.

Great post Immy. Would be nice to see into the future and know how to invest. Bet those bankers in England that sold all of thier gold at its low of $200 and something an ounce are really feeling the pinch now.

I just saw on TV a British newspaper that was cursing the guy at the bank for selling all that gold. The headline was something like:

1 1/2 Billion investment lost. That of course because of gold's current prices the last year.

Postalrevnant