And to think, a month ago people were talking of $40-$50 by years end. $40 today, $50 by the end of the month.

I'm not even going to try and guess what the price in December will be.

 

I bought some 1966 50 cent (Australian, 80% silver, 3 coins contain an ounce of silver) coins a few years ago for about $4 each. Now their selling on eBay for roughly $20 each.

 

Give it a couple of years and they'll be selling for $100 each. I buy them for my kids instead of giving them pocket money. If they want some money to spend, I buy the coins off them at that days price (keeps the silver in the family). They don't want to sell them yet as they keep seeing the value go up and up.

 

That's actually a pretty bloody good idea. You're an ideas man!

 

For all those people who told us we were stupid when it was cheap go back and read our post and your posts. And then tell us whos stupid. Well I cant eat my metals but it sure will help us eat longer then people who just said we were stupid.

 

I am glad folks on this forum talked me into buying silver

 

Yes, my silver is keeping me quite warm and fuzzy. My wife gave me a hard time about buying it several months ago...now she wants me to purchase a bunch more...I'm just waiting for a dip for the last two weeks but it seems there is not going to be one!

 

Not only are silver and gold reaching new highs, but right now the USD index is ready to drop below the $75 point. My wife was skeptical of my silver purchases when I first bought in the $12-16 range. She is now a believer as well.

 

I'm just mad I didn't buy a bunch more earlier :/

 

I think a lot of people are regretting their silver purchase decisions 1-2 years ago.

Regretting they didn't buy an awful lot more.

 

$40.50 on Amark.com right now

 

Well this is probably a very good time to sell your silver and take the profit. We all know the silver bubble is going to burst any day now!!

Moves tongue to left cheek.

 

Heh, I bought some earlier this week at $39.50+fee and I am regretting not doing this a few years ago. But I'm also happy I've started.

 

Yeah I started watching it at $27 not that long ago, really wish I'd bought some then...

 

A lot of people keep saying Gold and Silver are in a bubble and I can't argue with them. The question is when will the bubble pop, IMHO not until the world .gov's fix the global financial crisis.
So in other words this Gold/Silver run has a LONG way to go.
I would not be surprised to see PM's get so high that most will not be able to afford it.

 

With WTI oil at $112.39 right now I think that gives silver a big push. About $10 back in silver price I remember some who sold their silver because it was so high. They must be sad right now. I was hoping we would see a drop to $18 or so but that was a dream on my part.

With the US & Japan printing & borrowing to feed the spending machines we will see PM's going higher. When everything falls in on itself it will get interesting.

Red

 

I buy a silver coin (round) for nieces and nephews instead of plastic junk for their birthdays or Christmas. Great presents in my opinion. Gifts that should keep on giving. lol

 

I was just thinking about doing that last week, niece and nephew have birthdays coming up and was thinking of giving them each a 1oz round and a few silver dimes each. Know of a book that I could give them to help them learn about pms?

 

Silver is teasing the $41 mark right now (hasn't quite hit it) and the USD index dropped below the 75 mark.

 

Bought at 16, sold some at 35 and paid off the last of my cc debt from paying for kids. Still got quite a bunch left and giggle everytime it goes up a point.

 

Computer says $40.94 atm!!

 

Just put in another small purchase for Silver Eagles, got them at $42. They will be in Monday.

Bry

 

I've been buying since back when it was $16...a lot of that due to some of the folks on this site.

Thanks! :thumb:

 

Yeah me too. got in when it was 13$ partly because of this site. now almost 41$!!!!!. I am tempted to cash some in but know i will be kicking myself later if i do.

I was waiting for a dip to purchase some more but i dont know if and when that will happen.

 

Bought some puts on SLV earlier in the week while I was bored at a conference. Those got hammered but this morning picked up some $40 April Calls at something like $.22/contract, more thinking of a delta neutral play (just hold the line, not looking to make money one way or another but play something closer to expiry - the calls - and if they hit a bit they will make up for the losses on the puts and I will not have to cash the puts in... kind of thing). The calls took off today, needless to say. Made up for the losses on the puts and then some. We will see what Monday brings and what the weekend holds but I am simply stunned that silver has been "allowed" to rise like it has. Although the USD got bushwhacked this week, it doesn't seem to speak to the PM trade - not so much of a trade... - which is just a train that done busted loose.

I expect a lot of vol this coming week. I think the moves will be large in nature and I would not be surprised to see us end up somewhere around $38 come Friday. I simply do not trust the powers that bee.

 

.....I expect a lot of vol this coming week. I think the moves will be large in nature and I would not be surprised to see us end up somewhere around $38 come Friday. I simply do not trust the powers that bee.

Still,if THAT'S all they got ($38) then I'm neither impressed nor worried.After a spike like today's, a mild,weeks-end settle down to $38 wouldn't rattle me a bit, and would,in my mind, just serve to further demonstrate the value and solidity of PM's.

 

Quote:
Originally Posted by FranchiseKid
.....I expect a lot of vol this coming week. I think the moves will be large in nature and I would not be surprised to see us end up somewhere around $38 come Friday. I simply do not trust the powers that bee.

Mil Dot
Still,if THAT'S all they got ($38) then I'm neither impressed nor worried.After a spike like today's, a mild,weeks-end settle down to $38 wouldn't rattle me a bit, and would,in my mind, just serve to further demonstrate the value and solidity of PM's.

At this point it just a discussion about the dips and maybe one serious correction on the way to 50 - 60. At high 50's rinse and repeat discussion to 70, etc. etc. to the level of QE "x".

 

Some perspective on the 'exploding silver market'.

 

Silver is already almost $41