Posted on 04/29/2011 6:35:44 AM PDT by SeekAndFind
I saw a few articles on Silver’s “Black Swan” moment. Most of them point to the $50 range before the break. I have a gut feeling, nothing more, that Silver will hit $60 before dipping again, fueled by new investors looking for a safe haven.
I say hold on to your silver. You may need it in the long run to live on.
Silver, the poor man’s gold.
Silver has its place.
In a worst-case scenario, I wouldn’t want to barter with gold coins.
200% gains over the last two years, with 10-20% dips along the way forms a healthy chart with lots of room to rise.
As I have posted on other threads this week, this uptrend is just getting started. Physical metals should be 20-40% of one’s portfolio IMO, not 5-10% as many managers suggest.
http://www.zerohedge.com/article/goldcore-questions-comex-silver-default-due-secret-buing-russian-billionaire-chinese-traders
Not exactly a glut of silver out there...
Comex Silver Inventory Data
Just buy the dips and take physical delivery.
Whew!
The “can’t lose” purchase of $14 Silver I made in 1980, based on the Hunt brothers large buy at that price, FINALLY is in a profit position....
30 years later, YOU can make a “can’t lose” purchase at $50!
Whew!
The “can’t lose” purchase of $14 Silver I made in 1980, based on the Hunt brothers large buy at that price, FINALLY is in a profit position....
30 years later, YOU can make a “can’t lose” purchase at $50!
Almost anyone waiting to sell at 50 to get back to even (less inflation) is probably dead.
Investing is still an old man’s game and it was so much more so 30 years ago.
The last time the Silver market broke, it wasn’t pretty.
I’m 57....NOT “nearly dead”....
I bought at 14, but failed to sell at 50.
I’m teasing those NOW buying at 50, expecting $250.
I’m still holding, but wouldn’t buy here.
I think the current pricing in commodities is a result not so much as being based on the underlying value, as it is based on the fact there there has been literally hundreds of trillions of “dollars” in fiat money created. (not just “dollars”, you know what I mean).
A simple couple ticks up or down on the Stock market in one day exceed the whole worlds gold and silver traded in that day.
There is vastly more “dollars” traded daily in oil and coffee than gold and silver.
Sorry. Didn’t mean you personally.
You were pretty cool buying silver at the age of 27, I recon the average buyer was probably somewhere between 50 and 55.
Where was this guy when silver was bucks an ounce? When I see the budget balanced and the end of quantitative easing to infinity I will believe the metals are going down. For the past year every so called correction has been very brief and shallow. Silver’s price increase is a vote against the greenback. Till real rates are above the 10 percent inflation rates the metals will continue to go near parabolic. When we get to hyperinflation all bets are off. Silver and gold will become money again. The only Money that will be trusted and accepted.
RE: When we get to hyperinflation all bets are off. Silver and gold will become money again
You use the word — “When” as if this is a certainty...
Why didn’t you use the word “If” instead?
Looks like the Silver shorts are getting nervous, their propaganda team in the financial media is out in full force.
I agree absolutely. My dad bought a significant amount of gold and silver in the late 50’s and early 60’s. I inherited it when he died and other than to sell a few coins back in my college days to stay in school, I still have it. Dozens of times in my life I could have sold at a substantial profit. I chose not to, and will pass this cashe on to my nephews, who I suspect will have dozens of times in their lives when they can sell but will decide not to unless the SHTF. Gold and silver should not be viewed as get rich quick investments. They are insurance in case the world as we know it comes to an end. If you are buying for that reason, day to day fluctuation in prices are meaningless.
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