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coincollector101
Penny Sorter Member
86 Posts |
 Posted - 11/06/2007 : 18:21:41
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Silver Jumped Almost a Dollar today :)
That put a big smile on my face because Im worth more :) hehe
Happy Hoarding,
CC
I picked up 900 in pennies today getting a few hundred tomarrow.
Im almost Done Running 400 of them.
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coincollector101
Penny Sorter Member
86 Posts |
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insurrection1517
Penny Collector Member
USA
262 Posts |
Posted - 11/06/2007 : 18:53:37
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| I find this disturbing. Many people believe it is just the beginning of an astronomical increase in the price of precious metals. Any predictions? |
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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 11/06/2007 : 19:01:37
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Anyone care to offer their opinion on how high the price of silver will get before it makes a major correction?
One might ask how low the dollar will get? This run is being driven by the low dollar and high oil prices. IMO silver is riding the coat-tails of gold. But as today proved, it was and still is under-valued in relaionship to gold.
I'm not calling for $50 silver anytime soon, but $18-20 may be well within range, but how soon and even more so, for how long?
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Fanaticism is doubling one's efforts, yet forgetting one's purpose.
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 11/06/2007 : 21:17:46
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It took 20% interest rates to put the genie back in the bottle last time. I believe that is that key and what we should all be watching. For now, the US is willing to sacrifice the dollar to keep the stock market from crashing and to keep people employed is anybodies guess.
But they are in a damned if they do and damned if they don't scenario. And at some point they will be forced to choose the lesser of two evils. Which if they got their heads screwed on right will be choosing a horrible recession over hyperinflation.
Be warned that silver crashed quickly in 1980 after rates started to rise...it didn't wait around to watch them go to 20%. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 11/06/2007 : 22:29:30
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Hey, I bought a bunch.. usually that makes it go down.. LOL
If your percentages are low.. just sort more.
"Preserving REAL coinage.. 2 tons at a time... and FAKE coinage.. a quarter ton at a time.. just for speculation"
HoardCode0.1:M49/15USCA:US1Cu689350(60000 Reserved):US1Zi150000:US5Ni9500:CA5Ni1150 |
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n/a
deleted
4 Posts |
Posted - 11/07/2007 : 07:13:59
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| its great to see the jump. i dont think you will see $20 in 2007, but $20+ in 2008 |
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Frugi
Administrator
USA
627 Posts |
Posted - 11/07/2007 : 08:55:16
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To keep it as short as possible-
Silver is silver is silver. It will always be, and has always been and has never changed. It is not silver that is going up in price but rather the buying power of the US dol. going down.
We are entering a new plateau that we have not seen ever before. Many countries that have held the US dol. for 40+ years are now starting to invest in euro rather than the $dol. and are liquidating they're dollar holdings. Some of these countries are doing this to put pressure on us for reasons such as dislike of our current superpower, our policies, war in iraq, war crimes, etc. The world is waking up and these countries do not need our "help" anymore, they can rely on other currencies, and oil, gold, silver, etc. As long as countries are dumping currency, the US dol. will continue to fall rapidly and silver/gold will appear to be rising in price. It is true to say the US dol. at current levels is highly OVERVALUED and that gold at it's current level is highly UNDERVALUED. Access to the internet has allowed for people to get whatever they want from anywhere in the world. This means prices of goods have been needing to to be adjusted on a grand mass international scale, and have been increasing for some time now. Before the internet if you had a farm and sold chickens, you sold locally for the local price depending on the economics of the area you lived in. Now you still have the same farm, and you CAN still sell to your local area at a given price, OR you can sell through online means and sell anywhere in the world at a price much higher. Why would anyone make less money, if they had a choice. What this means is that the selling prices of EVERYTHING we use is/will be going up exponentially. So now that anyone with a computer can now access anything they want and buy from anywhere in the world, this is all leading up to world market price.
So-
1. You have the world dumping US dol. in response to our policies & the fact we are no longer needed. We no longer provide the stability we once did. In fact we are losing our glitter all together.
2. Increasing access to internet on all ends of the planet thus creating a "super" market with prices inevitably increasing to match what someone else may pay in say China.
3. (not mentioned above) Silver is thrown away and not recycled by the TON every day. This depletes the usable above ground resources every day adding to an already depleting supply. A good business venture of the future will be to mine landfills. Lots of goodies will be waiting to be found. Im sure this will be big business in about 30 years.
4. (not mentioned above) Silver and gold manipulation to keep the price down (or up) to steal from the middle class in order to create an only wealthy/poverty society with no middle class.
These prices are manipulated by the people with all the money. NEVER BUY WHEN SILVER IS HIGH.
This is all a big game. The dollar will crash, the stockmarket will crash, gold and silver will go down with it. All of this will be worth much less, for a period of time then, something will happen and we will all go on living, working and spending money we don't have all over again. Who really knows what is going to happen. NWO!
MY prediction is a correction of ($5.00+/ounce total loss in 5 consecutive trading days time) to happen within 60 days of Nov. 1, 2007.
MY prediction of how high it will go before it adjusts is a much harder one..................
$20.00+/oz in 2007
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Silver Jumped Almost a Dollar Today!!!
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