Silver is over 26 x face value today!!!!

[NealNoIN]

Trouble is, once you trade it for dollars you are in a losing position unless you trade it for something else of appreciating value quickly.
Gasoline? Food? If you had several hundred dollars face you could think about buying some real estate as depressed as that market is!
Or how about trading silver for gold? That doesn't sound good to me right now. The ration is still about 40:1. If silver keeps outpacing gold this
year it will get much closer to it's historical avg. of 15:1 ratio and then trading for gold would be a great idea, I think.
Or just hold on to it and watch what happens? They say the silver mining is just barely keeping up with the industrial consumption.
So the more people snatch silver up in the bullion/coin market now the less silver there is on the market and that means prices keep going up.
What do you think?
Neal

 

[NealNoIN]

n/t

 

[RLOH]

Neil, I have been reading that it is going to over 50 an ounce by the end of the year. I screwed up and sold 400 silver dimes last summer for 10x's face. I still have 700 or so silver dimes that I am going to hold on to. I wish I had been more on the ball and started buying instead of selling. Live and learn. R.L.

 

[dewcon4414]

Neal i think its out of whack because is china is buying gold and stock piling it. You know what they say about the golden rule... he who has the gold rule. We dont do well at anything any more seems the government is doing the same as us.... trade it or sell it anything to make a buck and put bread on the table. I just hope they dont change over to steel coins. There aint much security in paper, and investment.... well how do you feel about having a TRANSACTION represent your entire income? Scary time we are living in.

Dew

 

[stasys]

in this world economic situation Platinum, Gold or Silver looks like not bad investment, but with gold is going to high and it will drop very, very quickly after it will reach very high 2000or 2500$, and again we will see allot losers, like with real estate now we have in your and in my country. we have to remember gold and silver its just gold and silver, you cant eat it, make tool, simple to say gold its just past money which is not will guaranty stability for mases in future. better to have land stable clean water sorce and allot friends who can help and learn together China language for future war with. Good luck all Stasys from economical dead Lithuania

 

[amc rulz]

I have to agree with the last poster. I feel uneasy about my cash savings.....I have stockpiled a small amount of silver coin in safe deposit. I will never sell or trade for paper.
I'm really leery of any other investment besides real estate or commodities. What to do.....what to do......

 

[dewcon4414]

Personally id like to see people stockpile silver and gold coins as apposed to melting them. It means these coins will be kept rather than disappear.

Dew

 

[JJ]

It's really not hard to see why silver is where it is today for a variety of reasons and where it is going. Inflation through commodities and supply and demand are the two biggies. Silver will outpace even gold on a percentage basis due to demand. 55% of all silver produced goes to ETFs. Remember ETFs are legally supposed to be backed by physical. 35% goes to industrial uses. 15% Jewelry, 8% photography, 8% coins, and 6% goes to silverware. This adds up to 127%, meaning silver demand is 27% greater than supply. Even if demand would drop due to a worsening global economic conditions; if supply drops even faster then you are still in a bull market. There is nothing stopping this bull anytime soon. JJ

 

[bugg]

Sound unbelieveable? Over the last 100 years, bull markets last about 17 years. We are in the commodity bull market since 2000. We have about 6 years to go, with the last year being the blow off year. Thats when the price launches straight up. Thats the time to sell, and go back to paper money. Or invest in stocks, or real estate. Silver is in short supply, and only a huge price spike will shake it out of investorts hands.
Silver is the investment to have for the next few years. Remember the internet stocks, and the absurd prices they ran up to? Or the recent housing boom, where everyone drove up the prices to nutty levels? The same thing will happen to gold, silver , oil, etc. But it will run out of buyers , as all manias do. The trick is to sell near the top. Another thing to look at is small gold/ silver mining companies.... around 1980, some of these stocks went from a dollar to $3-400 per share. Timing is everything....When to sell is an art. Hit the books now, and get an education.

 

[stasys]

Sound unbelieveable? Over the last 100 years, bull markets last about 17 years. We are in the commodity bull market since 2000. We have about 6 years to go, with the last year being the blow off year. Thats when the price launches straight up. Thats the time to sell, and go back to paper money. Or invest in stocks, or real estate. Silver is in short supply, and only a huge price spike will shake it out of investorts hands.
Silver is the investment to have for the next few years. Remember the internet stocks, and the absurd prices they ran up to? Or the recent housing boom, where everyone drove up the prices to nutty levels? The same thing will happen to gold, silver , oil, etc. But it will run out of buyers , as all manias do. The trick is to sell near the top. Another thing to look at is small gold/ silver mining companies.... around 1980, some of these stocks went from a dollar to $3-400 per share. Timing is everything....When to sell is an art. Hit the books now, and get an education.

very nice post. Stasys