FreeBirdTim
Elite Member
Every time I get my hopes up, silver tanks! It goes up to around $18.00 and then drops a buck in no time. Hate to say it, but it looks like someone is controlling the price. Let me know what you think.
Adjusted for inflation, the silver high in 1980 ($50) was valued at $156 in today’s money.The Hunt Brothers.....hahahaha...lol
During the attempt to corner that market I was working part time in a coin shop. The silver and sterling that people were bringing in to scrap was mind blowing. Even back then. Silver plates , pitchers , goblets from the 1700s and 1800s. It was insane. I will never forget it. All for melt...
The Hunt Brothers.....hahahaha...lol
During the attempt to corner that market I was working part time in a coin shop. The silver and sterling that people were bringing in to scrap was mind blowing. Even back then. Silver plates , pitchers , goblets from the 1700s and 1800s. It was insane. I will never forget it. All for melt...
Every time I get my hopes up, silver tanks! It goes up to around $18.00 and then drops a buck in no time. Hate to say it, but it looks like someone is controlling the price. Let me know what you think.
NO ONE.....not even those "so-called experts" can tell you what precious metal is going to do in regard to price. Truth is, it can do only three things.....go up, go down, or stay the same. And every one of us can make that prediction.
The ones selling it will try to convince you that it's going to go through the ceiling, but people who sell "other" type investments will tell you it's not worth buying.
I bought $3,000 of silver quarters at about $50 some of the experts said it was going to continue to go up and maybe double. One month later it tanked when they killed Bin Laden. Such is life, who knew? Oh, and yeah, I don't listen to experts on investments anymore.
Took this quote from Providentmetals.com:
"The U.S. Geological Survey estimates that there’s 17.5 times more silver in the Earth’s crust than gold"
The current price ratio of gold to silver is 89 to 1. I'm a numbers guy and that's why I think the price of silver is being manipulated to keep it low. Or conversely, they are pumping up the price of gold to keep it high. If gold is only 17.5 times rarer than silver, why is it 89 times as expensive? Just something to think about...