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WilliamC
Penny Collector Member
USA
471 Posts |
 Posted - 03/14/2008 : 09:02:12
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So far today it is trading between $20.27 and $20.92.
Will it push through $21 today?
Stay tuned...
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Sorting In Northwest Mississippi |
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WilliamC
Penny Collector Member
USA
471 Posts |
Posted - 03/14/2008 : 09:07:15
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Copper is over $3.90 per pound today too.
Could we see $4.00 by next week? |
Sorting In Northwest Mississippi |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/14/2008 : 13:10:56
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| I don't think it will break $21 until tomorrow. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 03/14/2008 : 13:58:31
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| Any predictions on how high silver will go? |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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WilliamC
Penny Collector Member
USA
471 Posts |
Posted - 03/14/2008 : 18:57:34
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quote:
Originally posted by texcattlerancher
Any predictions on how high silver will go?
Well if we're pricing it in dollars it can go infinitely high since the dollar can (and may) fall to zero.
Just wait until we have to turn in our "old currency" for the "new currency". Maybe $20 to every one new Amero or something.
But by then the Government may very well make ownership of gold/silver by private citizens illegal again. Just like they did in the 1930's.
Hoard that copper, hide those valuables, keep your gas tank full and buy durable goods with your dollars now. I'm keeping a few thousand for emergencies but no more than that.
Cash is no longer king, cash is trash :( |
Sorting In Northwest Mississippi |
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mickeyman
Penny Pincher Member
Canada
243 Posts |
Posted - 03/14/2008 : 20:32:31
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| We are fast approaching the point where the dollar value of silver will be meaningless. Silver will be valued in terms of gold (probably eventually somewhere near 1/20 oz), oil (in the vicinity of a barrel, if gold returns to 17x oil price), copper, or other tangibles. But that is assuming that society continues to operate in some fashion and doesn't disintegrate into chaos. Then it might have no value at all. |
Not all who wander are lost. |
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Nickelless
Administrator
USA
5580 Posts |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 03/14/2008 : 22:35:11
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even when the government called in the gold three things happened:
1. Many ignored the law the way the public ignored prohibition
2. The rich or smart held their gold overseas, preferably in
Swiss banks safe deposit boxes beyond the reach of Uncle Sam
3. There was a clause allowing numismatic gold to be exempt from the gold turn in. Exactly what was or was not numismatic gold was never really decided nor really pursued, since all gold coins from 1932 and earlier were numismatic since they were no longer available to the public via the banks.
The US Treasury, in a rare display of kindness to US Citizens, rarely if ever tried to force citizens to hand over gold coins that were claimed to be collectable.
(Maybe they didn't want bad pubicity, the big bad government taking away some poor little guy's coin collection left to him by his late grandpa. The government back then was more willing than today to avoid bad publicity, especially against the little guy.) |
Edited by - pencilvanian on 03/14/2008 22:42:24 |
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WilliamC
Penny Collector Member
USA
471 Posts |
Posted - 03/15/2008 : 17:28:31
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quote:
Originally posted by mickeyman
We are fast approaching the point where the dollar value of silver will be meaningless. Silver will be valued in terms of gold (probably eventually somewhere near 1/20 oz), oil (in the vicinity of a barrel, if gold returns to 17x oil price), copper, or other tangibles. But that is assuming that society continues to operate in some fashion and doesn't disintegrate into chaos. Then it might have no value at all.
The good thing about the old US silver coins and, to a lessor extent, the copper US pennies, is that if things ever do go belly-up they will be very useful for barter.
1 ounce bullion is much less easier to trade with than Universally recognizable silver dimes/quarters/half-dollars and copper pennies.
Even without a complete economic collapse bartering for black-market transactions (those made without using the legal tender) may be the wave of the future.
I can honestly say that I would much rather see the value of my precious metal investments drop 50% or more than see the dollar collapse as it is doing. I don't think the former is very likely though, and the latter is all but a foregone conclusion :( |
Sorting In Northwest Mississippi |
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aboxaweek
Penny Collector Member
USA
326 Posts |
Posted - 03/15/2008 : 22:26:28
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| hopefully before the price goes up and everyone knows i can enlarge my hoard. copper and silver. |
*HUCKABEE*
___08'____
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WilliamC
Penny Collector Member
USA
471 Posts |
Posted - 03/16/2008 : 09:13:19
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quote:
Originally posted by aboxaweek
hopefully before the price goes up and everyone knows i can enlarge my hoard. copper and silver.
Yes SIR!
Today my Ryedale is in transit from Toledo, Ohio, to who knows where on it's way to me.
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Sorting In Northwest Mississippi |
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Know Common Cents
Penny Pincher Member
195 Posts |
Posted - 03/16/2008 : 22:50:46
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| Silver punched through $21/troy oz overnight in Asia and Australia. With the Fed lowering the Discount Rate by 25 basis points and the fire sale of Bear Stearns to JP Morgan Chase (both are emergency economic measures), the dollar has tanked and the metals are on a trajectory to the Moon. Got silver? |
Here in Wisconsin, we have some of the highest property and gasoline taxes in the US. We're squeezed so much, I have to make my daughter wear penny boxes for shoes. At least she has an endless supply. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
 Posted - 03/16/2008 : 23:45:31
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quote:
Originally posted by Know Common Cents
Got silver?
Never enough! I have been loading up on it since October. Had quite a bit before then. Every time it goes up another dollar I think "Dang, I should have bought more" |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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Silver knocking on $21 this morning
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