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silver prices
- Thread starter m1west
- Start date
I am thinking it is a sympathetic reaction to the price of Gold.
There is a historical ratio between the two metals. And Gold it nearing $2K per Oz.. So at some time Silver has to react. Historically if you look at Silver prices, they have not held up it's end of the bargain very well. Not sure this will correct itself any time soon however..
Regards, Kirk
There is a historical ratio between the two metals. And Gold it nearing $2K per Oz.. So at some time Silver has to react. Historically if you look at Silver prices, they have not held up it's end of the bargain very well. Not sure this will correct itself any time soon however..
Regards, Kirk
I hope it goes up like it did in 1980, sell off what I have then buy again in a couple years for $10.00 an OZ. I don't know the reason its going up, manufacturing is down. Could be like you said gold is getting $$$ so people are buying silver? Its going up fast could also indicate very large purchases by someone??
$29.64 today, thats $3.50 in a couple days. Something is going on.
I am missing the point, how does casinos being closed cause silver to go from $19.00 to $29.00 in a month. When it hasn't moved in 10 years?
The huge financial institutions are driving this. They buy and buy and drive the price up, sucker in all the greedy little people and then dump their holding for a profit and watch the small investor crash and burn. Stay away!
This.
It's a pure gamble and the ability to "read" big money.
Metals do not get more rare or less rare. It has no assets, liabilities, good will. It's just a gamble based on feelings. Good luck with metals. If you bought at 19 and just sold for 29, good for you. If you didn't, then what?
FrancSevin
Proudly Deplorable
At least once and hour, some expert celebrity is tell us to buy silver because it is the buy of the decade.
Well this shilling has been goin on for more than a decade.
I held $1,300 Gold while it hovered at $1,150-$1,200 for years
Gold just now got high enough to cover the commission for the trades.
William Devane aside,,,;
You are right,,,;stay away.
A long time ago I actually made money off gold. I never bought or owned the metal itself but I bought and sold shares in the gold mining companies. Their stock price was depended on the estimated amount and value of the gold in the ground much like an oil company's stock is dependent on their estimated oil reserves in the ground. When the price of gold went up tens of dollars, the gold company stock went up much, much more. You had to be careful when you bought in and when you got out and never, ever be greedy.
Let's just say that I would never do that today.
Oh, I just remembered that we do have 3 gold coins that my wife inherited. They're locked away in safe deposit box. Haven't seen them in years.
Let's just say that I would never do that today.
Oh, I just remembered that we do have 3 gold coins that my wife inherited. They're locked away in safe deposit box. Haven't seen them in years.
FrancSevin
Proudly Deplorable
Years I did make money trading in gold. Several times. 1973, I bought my wife a Krugerand for $74.00. With chain and holder $124.00 A short time later it was worth over $300.00
Now about $2200.
I traded/bought 12 Eagles for a car worth $14,000. The car depreciated to about $10,000 and I got $1,350.00 each for the Eagles in 2011 to make a $25K down payment on a house for my son.
House was $190K. He just sold it for $270K. Not sure who but one of us made a killing.
Buy gold for the really long haul. For me, at 73 years of age, the future is not long enough.
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I have 1000 oz of silver bought at $15.00 Im torn to let it rip and take the $14,000.00 profit, wait to see if it goes up more or just keep it in case the dollar crashes and I have to buy food with it. I could always mold bullets for werewolf season if nothing else??
Absolutely correct.
Metals trade on the commodities markets. Different city, and one were crooks go to learn. CBOT is were it is at.
Big institutional traders, Hedge funds, Big Banks commodity trading arms lead the way. Your out numbered and out gunned. The narrative is kind of like what we see in politics. It is controlled and few are out there with timely information.
Regards, Kirk