Silver Prices

[tmjones550]

Just a question....How high do you think or how high have you heard silver will go?I have read it could go as high as $750.00 an ounce.

 

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[Marchas45]

Just a question....How high do you think or how high have you heard silver will go?I have read it could go as high as $750.00 an ounce.

Your guess is as good as mine I would just be happy to see it go back up to $50.00 so I can sell a little what I bought when it was $27.00 so I can make some money as I've been buying a lot lately in the low and high $30's.
All kidding aside I don't think anyone knows how it's gonna go as it's fluctuating a lot lately. I don't think we are even going to even see $75.00 this year as it's so volatile right now. Cheers, Charlie

 

[Tuberale]

It should easily hit $50/ounce this year, as people start to (suddenly) realize that their income is not worth what it was. What we are currently in is a devaluation of the dollar, and the Chinese are going to enforce that devaluation. It's only a matter of time before they start asking for US payment for their money borrowed in gold, silver, PMs, oil, or something else.

What can you do? The best hedge against inflation and monetary devaluation is gold or other PMs. It's historic and has been that way for thousands of years.

A lot of money managers are trying to steer people away from investing in PMs, and insisting they keep their money in stocks/bonds.

Stocks/bonds have their place in financial planning. But so do PMs. Typically people should keep 5-10% of their total wealth in PMs for just this reason.

I think you have to remember the times right after 1970 when silver started its escalating price. Take the long-term approach. Research what gold/silver was selling for then, and compare it to the National Debt. Now take a look at today's prices, and anticipate what will happen in the future.

Right now, one of the best things you can put away for tomorrow is having a metal detector. Think about it.

 

[brendan1414]

blah blah devaluation, blah blah us dollar, blah blah global economic collapse... NOBODY KNOWS

 

[Tuberale]

blah blah devaluation, blah blah us dollar, blah blah global economic collapse... NOBODY KNOWS

Apparently Kitco.com has an inkling. Silver just rose from $39.40 to $41.92. But I'm certain it can't have anything to do with devaluation or global economic collapse. Have a nice day.

 

[Tuberale]

Apparently Kitco.com has an inkling. Silver just rose from $39.40 to $41.92. But I'm certain it can't have anything to do with devaluation or global economic collapse. Have a nice day.

My bad. That should have been $42.92. Obviously I can't do simple math either.