Silver Prices

[FrankT]

Last I sold was around $40 got nervous and sold all I had, started over and I believe my current average holdings are around $15

 

[fl57caveman]

I admit....I am a goldbug too....

http://www.businessinsider.com/gold-is-the-only-option-for-when-paper-currencies-die-2016-7?ref=yfp


It is true that at today’s price of about $1,300 an ounce, if you had to scale down the money supply to equal the physical gold times 1,300 that would be a great reduction of the money supply. That would indeed lead to deflation. But to avoid that, all we have to do is increase the gold price. In other words, take the amount of existing gold, place it at, say, $10,000 dollars an ounce, and there’s plenty of gold to support the money supply......


more

 

[shootnstarz]

Over $20 this morning !

Rick

 

[SCTaylor]

Woohoo! Come on $34 so I can break even!


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[Mozella]

Woohoo! Come on $34 so I can break even!


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There's a great joke about a preacher and a man who confesses to having .......... um.......... let's just say he was ..... um......... Actually it doesn't really make any difference, but there was a goat involved......... oh never mind.

The joke and the relationship between the man and his goat has no relevance to your post with regards to hoping silver would hit $34 so you can break even, except the punch line which is:

And then the preacher said, "I don't believe I would have told that".

 

[SCTaylor]

Yeah there are some things even the good Lord doesn't need to know. But I was young and eager...


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[fl57caveman]

ride the silver bronco....it bucks hard...silver down hard below $20, pops back up to close .61 higher, above $20 again...

this shows strength....silver rarely closes higher on Fridays...

 

[Ric-san]

Nothing wrong with buying bullion over numismatic coins, plus you get more silver per dollar. That said, a 1 oz Silver Eagle will always be worth more than a 1 oz silver round or bar, to a varying extent depending on what premium the buyer is will to pay.

So either way I think it is a good idea to have something you can use should the money system go the way of Greece or Zimbabwe.

Rick

I can't believe that you don't trust Zimbabwe money....

 

[fl57caveman]

better take a wheelbarrow out to have a beer or two

 

[fl57caveman]

chart of the jr gold miner companies , clearly shows the bottom was in jan..


https://finance.yahoo.com/echarts?s...":true,"range":"2y","allowChartStacking":true}

 

[FrankT]

$20.34 heck I could be talked into selling some at $21

 

[fl57caveman]

Have you seen what the price of silver has been doing? On Monday, it exploded past 20 dollars an ounce, and as I write this article it is sitting at $20.48. Earlier today it actually surged above 21 dollars an ounce for a short time before moving back just a bit.
In late March, I told my readers that silver was “ridiculously undervalued” when it was sitting at $15.81 an ounce, and that call has turned out to be quite prescient.

The Friday before last, silver started the day at $17.25 an ounce, and it is up more than 18 percent since that time.
Overall, silver is up more than 30 percent for the year, and that makes it one of the best performing investments of 2016.
So what is causing this sudden surge in the price of silver?


read more...

http://etfdailynews.com/2016/07/06/what-is-causing-the-surge-in-the-price-of-silver/



viewed with edge browser, ie11 may not work

 

[FrankT]

$18.77 today

 

[fl57caveman]

still time to load up before sept rise....history usually shows a rise in sept, both gold & silver

 

[SAWMAN]

Yeah . . . . that 100oz bar is looking better and better. ---SAWMAN

 

[FrankT]

back to $18.59 this morning!!

 

[fl57caveman]

gold up strong the last two days too.

 

[bobinbusan]

What is the going rate now per oz?

gold up strong the last two days too.

 

[fl57caveman]

What is the going rate now per oz?

here is a couple live links.
gold hitting $1302, silver $18.58

http://www.kitco.com/charts/livegold.html

http://www.kitco.com/charts/livesilver.html

 

[fl57caveman]

silver and gold getting hammered, us dollar up, market reaction to janet hellen indicating a interest rate hike before jan 20th...

obumbas way of spiking the punch, to take the edge off the market seeing gold and silver as real money,
and to take the stock market down , so he can brag that trumps policies are toxic

mho

time to buy