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.
Will silver ever hit $20.00 an ounce again?
- Thread starter FreeBirdTim
- Start date
mike_i
Senior Member
If you're a huckster trying to sell it to people as a sound investment the price is going to go straight to the moon. I don't see it doing much unless someone like the crooked Hunt brothers show up again.
amc rulz
Forum Supporter
It wasn’t the Hunts that were crooked.
Silver, zzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Silver, zzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
KOB
Forum Supporter
- Joined
- Mar 6, 2019
- Messages
- 5,754
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...
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...
amc rulz
Forum Supporter
DIGGER27
In Memory Of
diggin4clad
Elite Member
At the time 1980....I cashed in every silver coin I had other than the ones that were high priced. They were paying just over 30 times face for 90% coins. At the coin shop I went to the lines were out the door of people waiting to sell their silver and many people were cashing in things that were probably family heirlooms at one time.
The shop owner hired security guards while this was going on and he never had them before. And...in those days payments were all in cash. People were walking out of his shop with some pretty big bundles of money.
The shop owner hired security guards while this was going on and he never had them before. And...in those days payments were all in cash. People were walking out of his shop with some pretty big bundles of money.
maxxkatt
Forum Supporter
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.
diggin4clad
Elite Member
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.
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.
Beachhunter
Elite Member
This^^^
MTtrashdigger
Elite Member
Silver and gold is just a reliable hedge against inflation. After Bernie and/ or his younger communist socialist pals take over, they will eventually run out of everyone else's money. The printing presses will work overtime and hyperinflation with take hold, ruining the US dollar. It's a familiar movie that has played in theaters around the world and the ending is always the same.
Having a stash of gold and silver may just save your life.
Having a stash of gold and silver may just save your life.
FreeBirdTim
Elite Member
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...
"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...
Steve
Forum Supporter
Bin Laden.. lol. That's what people remember about that infamous weekend.. not that silver had a gamma 4 event.
All of the crew disappeared shortly after. Laden body tossed out at sea. Almost like it never happened
Steve
Forum Supporter
Pretty much all of Asia wants gold . Not silver.
