Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Ive been buying Silver latley Proof coins that it.. Im wondering at the moment it is $33 an ounce... does anyone actually seeing this spiking? or should I just quit buying Silver in all?
I always here how Silver will increase and increase and it seem it has always stayed below $50 for a LONG time... wwhat will silver hit per ounce? will it ever go above $100? its frustrating a bit.
It's because of the eurozone drama. A weaker euro=a stronger dollar=cheaper silver.
Manufacturing slowdowns have an impact too.
Plus, I have a feeling Silver and Gold are being manipulated by the FED. They just might be secretly leasing them, preventing the metals from getting too high in price or at least causing it to fluctuate.
I almost jumped into SLV in high teens and didn't. I want to get a nice little position here soon but I need a clear sign. Maybe I'll just wait till Europe gets its **** together.
Neither can rats. Ever try to store food for a long time?
One thing you can be sure or, though. The price of food will never, never go down.
The key is diversification. You don't want to be betting your entire portfolio on one asset class. You want a little silver, a little gold, some nat gas, some oil properties, some farmland etc. Each asset class has its ups and downs.
Silver isn't like Gold and that's where many fall into the trap.
Contrary to popular belief, silver is a highly speculative industrial commodity. Gold is not. When you're betting on silver, you're betting solely on the growth/ speculation regarding growth (or lack thereof) of world output.
Silver isn't like Gold and that's where many fall into the trap.
.
Silver is also not like gold, in that silver gets used up and has to be replaced. It gets chemically combined for industrial uses and gets used up and cannot be retrieved. However, gold is chemically inert, and virtually all the gold that has ever been mined in the world still exists as pure gold. Gold also has industrial uses, and the industrial demand can contribute to price fluctuations, but it never gets used up.
Silver is also not like gold, in that silver gets used up and has to be replaced. It gets chemically combined for industrial uses and gets used up and cannot be retrieved. However, gold is chemically inert, and virtually all the gold that has ever been mined in the world still exists as pure gold. Gold also has industrial uses, and the industrial demand can contribute to price fluctuations, but it never gets used up.
The industrial demand for Gold is extremely low. I don't know the exact figure but it is around 10% of available supply.
The problem with silver is not that it is used up. There's plenty of it and it's not particularly difficult to mine and refine. Also, there are viable alternatives to silver in it's various industrial uses.
The problem is that it is very much subject to short term demand (the supply side is kind of moot as there's plenty of it). Silver is more of a trading than an investment vehicle.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
