What gives you that idea?seems like everyone is selling b4 it goes much lower. If i didnt have a feeing it was going to stay high i might buy but i have a feeling we will be seeing $20-$18 an Oz
What gives you that idea?
Don't count the support out till it's proven to become resistance. That said...I wouldn't load up heavy because silver is in a descending triangle formation...momentum has been to the downside basically.
1964 Kennedy Silver Half Dollar Melt Value - Coinflation
FWIW...the premium being asked here is pretty reasonable. GLWS
Based on what? Curious what you're seeing/looking at.Silver has been pretty steady at around $28 for months...if anything, I put my money on it going back towards $40 rather than down towards $20
Not trying to be a d!ck or challenge things. I just think my 1st post was within reason and was to help the seller out and by showing he was not gouging like many metal sellers do. The rest was a bit advanced and could be seen as OT for sure, sorry about that.Please keep the general discussion out of user's For Sale theads folks. I've moved the discussion here to the off topic section.
Just keeping continuity. Helpful or not, if I had moved every other post other than your first.. neither thread would make much sense.Not trying to be a d!ck or challenge things. I just think my 1st post was within reason and was to help the seller out and by showing he was not gouging like many metal sellers do. The rest was a bit advanced and could be seen as OT for sure, sorry about that.
I follow you and thanks for the PM & reply. Sorry for going OT and making more work for ya.Just keeping continuity. Helpful or not, if I had moved every other post other than your first.. neither thread would make much sense.
People should be asking...if silver was to hit $500, or even $100, what might selling there buy me in terms of other goods? More directly, can one expect their profit/gains to exceed the damage inflation will have caused to their spending power? You simply can't have $500 silver without a TON more USD floating around, therefore less spending power via massive inflation...that's just how the game works.I am sort of a silver watcher, have been for a long time. There is always talk of silver being undervalued in relation to gold and to the fundamentals.
I agree with those who say silver will one day go "to da moon". Personally I feel it will be soon, due to the increasing use of silver in developing nations and the continued increase of the electronic and medical equipment markets where silver is used extensively. There is only so much of the stuff in the ground. A good chart has already been posted on this thread. Here is another which also gives full stochastics, RSI and MACD scales.
I did most of my buying around $15-$17, and feel that was a very low value for silver. I personally feel that within a year's time you will see a slow but steady move towards "da moon". Some experts think silver is still being manipulated by the big boys, but that should end when the fundamentals begin to drive the market moreso than now. Watch for silver to hit $500 or more. Yeah, no kidding. Just MHO
Define "current prices".Is there anyplace that sells silver at current prices,or am I invisible LOL?
Yea I was checking out a few videos today on how to buy gold/silver on CNN and they go through a reputable broker.Thats out of my league,thought maybe there was like a store that sells it but I guess not.Maybe a pawn store but you will probably get raked-over doing that!Define "current prices".
If by "current" you mean can you buy at spot...NO. Not unless you find someone dumb or desperate.
Buying metals will involve paying a "premium" above spot. Your job is to find the best deal at what you think is the safest price point.
It's basic investment principle...a profitable outcome is actually secured when you BUY, not when you sell.
Actually I agree with you in that if one bases his convictions on rising silver due to a falling dollar, then that investor is in for a surprise because his "increase" is nothing more than a reflection of inflation, and , therefore buying power. However you did not hear me say "devalued dollar" because I feel the value of the dollar in the case of silver is only secondary. Gold is a better measure in that scenario, however, silver's value in the future will be based not on a devalued dollar but on increasingly important fundamentals, such as industrial demand and sheer consumer population increase, such as we are seeing in developing nations. Extreme demand is a strong fundamental factor, especially when silver is becoming harder and harder to extract. I am not an expert, but I follow the experts and there is a consensus pointing to fundamentals, not a devalued dollar, in support of the rise in silver. Gold is different in this respect, having less to do with fundamentals than being connected to the dollar as a "store of value". I feel someday silver will be right up there with gold. Also keep an eye on copper. Just MHOPeople should be asking...if silver was to hit $500, or even $100, what might selling there buy me in terms of other goods? More directly, can one expect their profit/gains to exceed the damage inflation will have caused to their spending power? You simply can't have $500 silver without a TON more USD floating around, therefore less spending power via massive inflation...that's just how the game works.
I can't understand why most stackers (not directed at you) are betting on the demise of the USD, yet they keep score in the very currency they expect to crumble. Silver is pegged to the USD so of course your purchase price will be in USD but one stacking for the right reasons shouldn't be keeping score in anything but ounces IMO.
Nice to see another chart in here. No doubt you picked up on the divergence at support.