silver prices

[calimedeiros]

what do you guys think about silver and gold prices I was listening to a radio show that's on every Saturday and they keep saying how silver prices are gonna hit 100-150 per ounce and how the stock market and economy and how we keep printing money blah nlah and it's the best investment you can make
what do you all think about this

[masraum]

$100-$150? Hmm, I'm skeptical. That's a pretty monumental Jump.

[KFC911]

Originally Posted by calimedeiros

what do you guys think about silver and gold prices I was listening to a radio show that's on every Saturday and they keep saying how silver prices are gonna hit 100-150 per ounce and how the stock market and economy and how we keep printing money blah nlah and it's the best investment you can make
what do you all think about this

"They're" probably the ones who loaded up when it was over $50 just a few years ago...gotta find some "new" suckers to fall for it now

If you are tempted, do NOT buy 100 oz bars...might be desirable at these levels, but if it does fluctuate wildly (like both gold and silver have in recent years), they won't be at higher price points....BTDT.

I did quite well with my gold/silver "hedges" some (4-5) years back, and sold 'em for a land purchase a couple of years later. Wouldn't touch them now as an "investment", but it never hurts to have just a bit (always)...buyer beware imo.

[Gogar]

Are you thinking about getting into silver/gold?

The answer is . . . . maybe...


My 88 year-old father is a real fear-based gold/silver bug and he's really shocked and embarrassed about his choices from 2011 to now.

My only comment is this: There's a reason they have to buy all those radio/tv commercials. It's a real doom and gloom, fear-based market.



If you're just getting into it then yes, it's at a great starting point and shouldn't get - much - worse.

[on2wheels52]

I've been buying and selling silver for 30 years. I have no prediction to offer, it does not seem to move in a reasonable manner.
Gold takes up less space.
Jim

[KFC911]

Originally Posted by Gogar

....My only comment is this: There's a reason they have to buy all those radio/tv commercials. It's a real doom and gloom, fear-based market.



If you're just getting into it then yes, it's at a great starting point and shouldn't get - much - worse.

A buddy of mine fell for the "gloomy doomy" talking heads too and loaded up on gold...he ain't too happy (and ignored my advice to "average in")...dropped like a lead balloon immediately after his purchase. While "now" is probably a good time to buy a bit, I remembered the OPs other thread about debt. I surely wouldn't be making "gambles" when paying down debt is a guaranteed return for peace-of-mind....YMMV.

Originally Posted by on2wheels52

I've been buying and selling silver for 30 years. I have no prediction to offer, it does not seem to move in a reasonable manner.
Gold takes up less space.
Jim

Jim is VERY astute about this stuff and offers competitive prices also, though I opted to sell mine at a brick & mortar locally. Let the Hunt Brothers (et al, if they are still alive) dump theirs, and the silver market can be manipulated by a few billionaire players. Golden Eagles and Buffalos sure are purty though

ps: One pays a premium to buy and sell silver/gold too...take that into consideration. Insignificant for a long term "hedge", but sure eats a HUGE chunk out of an investment strategy.

[71scgc]

Buy the rumor, sell the news.

Carter

[onlycafe]

when silver hits $150, it will be time to invest in lead.

[Geary]

Silver is probably the most price manipulated commodity today .. manipulated by the paper market, which is perhaps 100x greater than actual existing silver. Don't buy paper .. get the real thing and sit on it. It's day will eventually arrive.

[Rot 911]

I sold half my silver when the price hit $33.00. Wished I had sold it all. It has been wandering between $17-$19 and ounce for the last three years or so. Fortunately I sold all my gold when it hit $1640 an ounce. Also around 3 years ago.