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Silver Prices !!
Posted on 5/7/10 at 11:44 am
Posted on 5/7/10 at 11:44 am
3
Posted on 5/7/10 at 12:37 pm to CajunTiger92
Now im really kicking my self in the arse for not buy at 13$. Some get russain in here to assure me that silver is bad. 
Posted on 5/7/10 at 12:38 pm to Tiger4
Yet you're not kicking yourself in the arse for not buying GE at $7? Or Dow Chemical at $8?
This post was edited on 5/7/10 at 12:45 pm
Posted on 5/7/10 at 12:58 pm to LSURussian
That helps russain. I wonder if all of the 5-10 scrap silver coins I have collected will come in handy.
Posted on 5/7/10 at 2:13 pm to CajunTiger92
It's still not too late to buy silver... I have been telling people to buy silver, it is a great investment.
quote:LINK
BUY Gold, Platinum and Silver... Trust me.. That shite it about to go out the roof... I bought a lot of Gold and Silver between 1999-2003 I paid about $290/ounce for gold and about $6/ounce for silver.. I have a lot of gold and silver 1oz bars and coins. Now gold is about $1200/oz and silver is about $15/oz.. I have made over $200k in my investments... I still buy gold and silver, just not as much do to the price, but silver is still low enough to get a lot of it for a reasonable price.. Buy Buy Buy... Silver will hit over $100/oz in the next year or so..
This post was edited on 5/7/10 at 2:22 pm
Posted on 5/7/10 at 2:55 pm to ElleshooTGR
quote:
Silver will hit over $100/oz in the next year or so..
That's very optimistic...it'll be a massive move up if it makes $40/oz.
Posted on 5/7/10 at 3:20 pm to ElleshooTGR
quote:If that happens I dont think anyone will be tradeing with dollars.
Silver will hit over $100/oz in the next year or so..
Posted on 5/7/10 at 4:12 pm to Tiger4
quote:
If that happens I dont think anyone will be tradeing with dollars.
I can buy a car with my forks and knives.
Posted on 5/7/10 at 4:34 pm to Y.A. Tittle
Darn it, I don't have anything but stainless. 
Posted on 5/7/10 at 4:44 pm to ElleshooTGR
quote:
Silver will hit over $100/oz in the next year or so.
I think the Hunts would tend to doubt that.
Posted on 5/7/10 at 6:56 pm to CajunTiger92
The average ratio between gold and silver over many centuries is about 1 to 15. If gold stays at about $1,200 oz...divide by 15 to get the normal silver price...
Of course, silver would have corrected to the normal ratio to gold but some very large banks...including JP Morgan, hold short positions in silver that are more than silver production in a year! So far, the CFTC has let JP Morgan get away with the silver manipulation. Eventually JP Morgan will be forced out of their shorts and silver will return to the normal ratio that it had to gold.
Of course, silver would have corrected to the normal ratio to gold but some very large banks...including JP Morgan, hold short positions in silver that are more than silver production in a year! So far, the CFTC has let JP Morgan get away with the silver manipulation. Eventually JP Morgan will be forced out of their shorts and silver will return to the normal ratio that it had to gold.
Posted on 5/7/10 at 8:34 pm to Rivers
quote:So are you buying or selling silver and or gold now?
The average ratio between gold and silver over many centuries is about 1 to 15. If gold stays at about $1,200 oz...divide by 15 to get the normal silver price...
Of course, silver would have corrected to the normal ratio to gold but some very large banks...including JP Morgan, hold short positions in silver that are more than silver production in a year! So far, the CFTC has let JP Morgan get away with the silver manipulation. Eventually JP Morgan will be forced out of their shorts and silver will return to the normal ratio that it had to gold.
Posted on 5/8/10 at 3:58 am to Tiger4
My family have been buyers of gold and silver since prior to the civil war.
Right now we are observers of the mkts.
The correct way to view gold and silver is to consider them a bridge over troubled waters. Not as money makers.
Excellent commercial real estate is a money maker...buy it when prices are beaten down...and prior to buying consider if the CRE will continue to produce cash flow during a serious recession.
Right now we are observers of the mkts.
The correct way to view gold and silver is to consider them a bridge over troubled waters. Not as money makers.
Excellent commercial real estate is a money maker...buy it when prices are beaten down...and prior to buying consider if the CRE will continue to produce cash flow during a serious recession.
Posted on 5/8/10 at 3:59 am to Tiger4
Im sure they said the same thing a year and a half ago when gold was about 400 and now its over 1200 and will continue to rise.
Posted on 5/8/10 at 9:22 am to ElleshooTGR
what did you yhink they said
Posted on 5/8/10 at 9:24 am to ElleshooTGR
quote:
Im sure they said the same thing a year and a half ago when gold was about 400 and now its over 1200 and will continue to rise.
Gold and silver are not the same animal and I doubt the Hunt family had any opinion on gold. What I was referencing was the attempt by the Hunts to drive up silver prices. They were successful at first. Then everybody and their brother was cashing in all their household silver and the price collapsed. At some price level the same will happen again and I bet that is below $100/oz.
Posted on 5/8/10 at 10:32 am to Tigris
Families selling scrap silver was not the cause of the failure of the Hunt brothers attempt to corner the silver market.
What brought down the Hunt brothers was a change in Comex rules...specifically the introduction of 'Silver Rule 7'...which targeted the Hunt brothers. The brothers faced a $100 Million margin call that they could not cover...in todays dollars that would be ~ $600 Million.
BTW, a couple of days ago the CFTC issued warnings to all holding large positions in commodities markets about attempting to influence closing prices. After the warning all precious metals spiked up immediately. Maybe the CFTC is finally growing a pair?
What brought down the Hunt brothers was a change in Comex rules...specifically the introduction of 'Silver Rule 7'...which targeted the Hunt brothers. The brothers faced a $100 Million margin call that they could not cover...in todays dollars that would be ~ $600 Million.
BTW, a couple of days ago the CFTC issued warnings to all holding large positions in commodities markets about attempting to influence closing prices. After the warning all precious metals spiked up immediately. Maybe the CFTC is finally growing a pair?
Posted on 5/8/10 at 12:06 pm to ElleshooTGR
quote:
Im sure they said the same thing a year and a half ago when gold was about 400 and now its over 1200 and will continue to rise.
FWIW, no one on this board has dismissed gold as a bad investment. We just don't think that it should be 100% of your investments, just the same way that stocks/bonds/options 100% of your investments.
Also, many of the non rivers on here have been saying that silver is a superior investment to gold for the last year. These things are not noticed by the passive poster, because we don't rape the board with thread about them, but that has been the general concensus.
This is opposed to the advice of Rivers that recommended mortgaging your house to buy puts on the market when it was at 7000.
Don't pull this drive by nonsense like Rivers.
Posted on 5/8/10 at 12:21 pm to TheHiddenFlask
Silver will go to about $60 nominal if the CFTC backs up it's proposal to force the shorts that are out of compliance with CFTC rules to comply.
Stocks are losers, the mkts got a good scare a couple of days ago and the players will be a bit more careful going forward.
Bonds will be short of the century in future but no one can predict timing on that call.
Do NOT mortgage your house ever, for any reason.
Stocks are losers, the mkts got a good scare a couple of days ago and the players will be a bit more careful going forward.
Bonds will be short of the century in future but no one can predict timing on that call.
Do NOT mortgage your house ever, for any reason.
Posted on 5/8/10 at 12:33 pm to Rivers
quote:
Do NOT mortgage your house ever, for any reason.
Did you, or did you not claim that you did this on this board?
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