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Nickelless
Administrator
USA
5580 Posts |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/08/2008 : 18:17:39
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As I posted before, I think the name of the game right now is the price of oil in U.S. dollars. Today oil was down to $15.20 and we came close to $15.00 silver far faster than I had expected. If oil continues to drop I fully expect silver and gold to do the same.
I look at it this way, silver is not going down.........the dollar is going back up. There is no more silver on the market or being produced than there was a month ago. This, in my opinon, is extreamely good news all the way around if you didn't plan on selling your silver anytime soon. |
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Think positive. |
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jpf231
Penny Collector Member
USA
340 Posts |
Posted - 08/08/2008 : 18:41:00
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| I thought it had support at $15.60. |
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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 08/08/2008 : 18:45:44
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quote:
Originally posted by jpf231
I thought it had support at $15.60.
Just think of all of those with leveraged silver future contracts saying that now. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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fb101
Administrator
USA
2856 Posts |
Posted - 08/08/2008 : 19:28:07
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I was one of those saying out loud there was a hold at $15.50....
Ouch!
I'm wondering about this though... I think there's a lot of speculation happening. Dollar up some
infinitesimal percentage, silver down 20%.... hmmmmm..... Interesting though, Gold is (so far) holding it's recent bottom in the $850 range. |
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jpf231
Penny Collector Member
USA
340 Posts |
Posted - 08/09/2008 : 07:58:57
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| I don't understand it - the bottom falling out for commodities - it's got to be all about oil dropping and dropping and dropping, not so much the dollar. |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 08/09/2008 : 09:51:04
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| I don't wish ill on any of my fellow hoarders, and I am sorry if anybody here is getting hurt by the price drop. However, a drop in price just helps us all buy more for the long term. I wish that I had had some discretionary income back when silver was $5 an ounce. |
"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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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 08/09/2008 : 10:21:25
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quote:
Originally posted by Ardent Listener
As I posted before, I think the name of the game right now is the price of oil in U.S. dollars. Today oil was down to $15.20 and we came close to $15.00 silver far faster than I had expected. If oil continues to drop I fully expect silver and gold to do the same.
I look at it this way, silver is not going down.........the dollar is going back up. There is no more silver on the market or being produced than there was a month ago. This, in my opinon, is extreamely good news all the way around if you didn't plan on selling your silver anytime soon.
sure wish these drops were at the pump! Gas is 3.69 here. |
"99% of all lawyers give the rest of them a bad name" 
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 08/09/2008 : 12:40:29
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quote:
Originally posted by moboman
quote:
Originally posted by Ardent Listener
As I posted before, I think the name of the game right now is the price of oil in U.S. dollars. Today oil was down to $15.20 and we came close to $15.00 silver far faster than I had expected. If oil continues to drop I fully expect silver and gold to do the same.
I look at it this way, silver is not going down.........the dollar is going back up. There is no more silver on the market or being produced than there was a month ago. This, in my opinon, is extreamely good news all the way around if you didn't plan on selling your silver anytime soon.
sure wish these drops were at the pump! Gas is 3.69 here.
Gas here a few months back was almost 5bucks a gallon, the 3.60-90 now is freakin' amazing. |
Trolling is an art. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/09/2008 : 14:54:49
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quote:
Originally posted by jpf231
I don't understand it - the bottom falling out for commodities - it's got to be all about oil dropping and dropping and dropping, not so much the dollar.
Chicken or the egg; oil or the dollar; which came first? Either way it's what's happening now and all we can do is to use it to our advantage. My advice is if anyone thinks there is or will be a physical shortage of silver then buy while it is still down. I may be moving a metric ton of nickels into it soon. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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n/a
deleted
25 Posts |
Posted - 08/09/2008 : 17:16:00
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quote:
Originally posted by Ardent Listener
I look at it this way, silver is not going down.........the dollar is going back up. There is no more silver on the market or being produced than there was a month ago. This, in my opinon, is extreamely good news all the way around if you didn't plan on selling your silver anytime soon.
Very true no more silver on the market then last month there is however billions of new FRN that where created by the fed. Basic supply and demand and logic say that silver should be up not down.
Remember The bull bucks hard. |
When the government fears the people, there is liberty. When the people fear the government, there is tyranny. |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 08/09/2008 : 17:24:23
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quote:
Originally posted by casperscoins
quote:
Originally posted by Ardent Listener
I look at it this way, silver is not going down.........the dollar is going back up. There is no more silver on the market or being produced than there was a month ago. This, in my opinon, is extreamely good news all the way around if you didn't plan on selling your silver anytime soon.
Very true no more silver on the market then last month there is however billions of new FRN that where created by the fed. Basic supply and demand and logic say that silver should be up not down.
Remember The bull bucks hard.
But in the end, the FRNs are toilet paper, which is why we're hoarding metals in the first place. |
Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
--Latest article: Stocking up on spices to keep food preps lively
---------------
Be prepared...and prepared to help: http://www.survivalblog.com/charity.html
Are you ready spiritually for hard times? http://www.jesusfreak.com/rapture.asp |
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aboxaweek
Penny Collector Member
USA
326 Posts |
Posted - 08/09/2008 : 18:12:34
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quote:
Originally posted by Neckro
quote:
Originally posted by moboman
quote:
Originally posted by Ardent Listener
As I posted before, I think the name of the game right now is the price of oil in U.S. dollars. Today oil was down to $15.20 and we came close to $15.00 silver far faster than I had expected. If oil continues to drop I fully expect silver and gold to do the same.
I look at it this way, silver is not going down.........the dollar is going back up. There is no more silver on the market or being produced than there was a month ago. This, in my opinon, is extreamely good news all the way around if you didn't plan on selling your silver anytime soon.
sure wish these drops were at the pump! Gas is 3.69 here.
Gas here a few months back was almost 5bucks a gallon, the 3.60-90 now is freakin' amazing.
gas here is also 3.69 are we close?
I hope that silver might drop to $13 or so so i can get some! |
*HUCKABEE*
___08'____
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/09/2008 : 18:57:11
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| $3.55 gasoline around here.........hold on, you just might get some of that $13.00 silver after all. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Cody8404
Penny Hoarding Member
USA
602 Posts |
Posted - 08/09/2008 : 19:19:08
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Gas here is down to $4.09 a gallon.
I bought a little silver, well all I could afford. I am betting we are at or near the bottom. |
Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
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n/a
deleted
139 Posts |
Posted - 08/09/2008 : 20:39:24
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3.68/gal here. never thought id say im happy to see that!!
looking through ebay it seems engelhard prospectors are still at or above $20.
wht such a premium on these, i was getting them at the coin shop for spot-.25 now hes all out.
was i getting a deal or is there a large premium? ive bought many many rolls at spot -.25.
maybe time for an auction? |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 08/10/2008 : 13:23:28
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| I think we are going to see a serious shortage of physical silver. I just picked up 50 silver war nicks for well under spot on ebay, but I lucked out finding them mis-catagorized and ending at a wierd time. Prices on ebay lag the spot market on the down trend, and rush the spot market on the up trend. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/10/2008 : 14:21:57
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quote:
Originally posted by legacypac
I think we are going to see a serious shortage of physical silver. I just picked up 50 silver war nicks for well under spot on ebay, but I lucked out finding them mis-catagorized and ending at a wierd time. Prices on ebay lag the spot market on the down trend, and rush the spot market on the up trend.
That's the beauty of silver in my opinion. We don't have to see the dollar tank to come out way ahead. If it does then we are protected. If it doesn't then life goes on and more and more silver is being used up and not recycled. I'll hold off a few more years to get rich and maybe even still have the economy intact. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 08/10/2008 : 18:13:02
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| I am glad silver is coming down b/c i am not selling right now. I think platinum took the worst hit though |
Inquiring minds want to know |
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pappy
New Member
14 Posts |
Posted - 08/11/2008 : 11:31:07
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quote:
Originally posted by Nickelless
Just noticed on Coinflation that today's closing price was $15.29. I'm hoping the price drops or at least holds steady through next Friday so I can buy my heart out with money I'll have by then.
Yes.
pappy |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 08/11/2008 : 11:39:20
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| Silver and Gold falling fast today. |
"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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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 08/11/2008 : 11:56:23
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quote:
Originally posted by TenBears
Silver and Gold falling fast today.
I wish I was off work so I could go buy some! |
"99% of all lawyers give the rest of them a bad name"
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 08/11/2008 : 11:59:42
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| Below 15 right now as we type. Apmex gives it at 14.68 |
Inquiring minds want to know |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 08/11/2008 : 12:43:05
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| Platinum, Plalatium, Silver and Gold showing straight down charts today. Like gravity is pulling on them or something. Sell, Sell, Sell I can hear it now! |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 08/11/2008 : 12:57:11
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quote:
Originally posted by legacypac
Platinum, Plalatium, Silver and Gold showing straight down charts today. Like gravity is pulling on them or something. Sell, Sell, Sell I can hear it now!
The Duke brothers are losing their ass etts, and Billy Ray and Louis are getting rich! |
"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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Ant
Penny Hoarding Member
USA
894 Posts |
Posted - 08/11/2008 : 13:06:42
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quote:
Originally posted by TenBears
quote:
Originally posted by legacypac
Platinum, Plalatium, Silver and Gold showing straight down charts today. Like gravity is pulling on them or something. Sell, Sell, Sell I can hear it now!
The Duke brothers are losing their ass etts, and Billy Ray and Louis are getting rich!
Love that movie! |
Lovely dimes, the liveliest coin, the one that really jingles. --Truman Capote
Coins are the metallic footprints of the history of nations. --William H. Woodin |
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Is silver going to drop below $15 next week?
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