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So Silver is over $24/oz....

Discussion in 'Survival/Preparedness Forum' started by emt1581, Oct 13, 2010.

  1. Warp

    Warp ΜΟΛΩΝ ΛΑΒΕ

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    With a potential profit of $65-$80 per ounce that sounds pretty cheap to me
     
  2. certifiedfunds

    certifiedfunds Tewwowist

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    I find it interesting that no one has yet called me a whackjob for calling $100/oz.

    Either ya'll are being nice or we're really screwed.
     

  3. crimsonaudio

    crimsonaudio 15 or 30?

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    My most trusted advisor, who has been right about most everything to date, says he expects silver to see $130-150/oz before this is over with.

    I don't think $100/oz is crazy at all.
     
  4. certifiedfunds

    certifiedfunds Tewwowist

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    6, 12, 18 months ago, I had folks on here calling me crazy.

    I agree with your advisor.

    What does he see for gold? $5,000-ish?
     
  5. kirgi08

    kirgi08 Watcher. Silver Member

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    Well if it walks like a duck. :whistling:


    Really though,unless we have an "adjustment" and silver settles some,what does this say about our economic future.'08.
     
  6. certifiedfunds

    certifiedfunds Tewwowist

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    :rofl::tongueout:

    Oh, we're screwed. Not just us though.

    Its gonna settle several times along the way.
     
  7. crimsonaudio

    crimsonaudio 15 or 30?

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    At least. He's still going heavy in gold @ ~$1400/oz.

    He's smart enough to have continued to make serious cash during the recession purely by playing the market, and based on this and his track record, I tend to believe what he says.

    Needless to say I'm in pretty heavy with PM's now - it's the safest way to preserve wealth right now, without question.
     
  8. 1 old 0311

    1 old 0311

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    www.apmex.com or e-bay.
     
  9. 1 old 0311

    1 old 0311

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    Exactly. I caught crap for paying $475 per ounce for gold. :whistling:
     
    Last edited: Dec 2, 2010
  10. certifiedfunds

    certifiedfunds Tewwowist

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    At $3000 Perhaps folks will look back on $1350 as cheap.
     
  11. Catshooter

    Catshooter

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    At three G's I'd say $1350 was cheap!

    I know that internet wisdom says that PMs only go up and down with the value of the dollar, but I think that ignores the effect of demand.

    I don't know if inflation is going to skyrocket or not but if gold & silver are going to become the new world's reserve currency I would thinkg that that alone would spike prices to unreal levels. That could mean $10,000 gold without any inflation effects.

    I beleive we are living in interesting times.


    Cat
     
  12. emt1581

    emt1581 Curious Member

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    You also pay $5+ over spot. The least I've ever seen is $3 and then the shipping was ridiculous.

    I went to another shop yesterday only this one had silver...for generics AND ASE's they wanted $3-$4 over spot! And the guy said that where kitco and some of the others just stopped selling when the price went down, he never stopped..he just raises to over spot price "a little"...

    -Emt1581
     
  13. crimsonaudio

    crimsonaudio 15 or 30?

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    You can find places still selling for $2 (or less) over spot, depending on quantity.
     
    Last edited: Dec 3, 2010
  14. emt1581

    emt1581 Curious Member

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    Actually, that reminds me, there's a guy selling for $1 over spot locally that I need to call today...

    Thanks!

    -Emt1581
     
  15. certifiedfunds

    certifiedfunds Tewwowist

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    EMT - at this point, premium and shipping costs only matter in terms of reducing the amount you can buy at that time. What matters most at these levels and moving forward is how much you have.

    You're focusing on the trees man, look at the forest.
     
  16. certifiedfunds

    certifiedfunds Tewwowist

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    Its not that simple.

    historic
     
  17. rwrjr

    rwrjr

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    Give http://www.coloradogold.com/ a try. I can recommend them as a customer. Prices listed include shipping and commission and are reasonable. Of course the more you buy the cheaper per ounce it is. Put your mouse cursor over the product you want and a little pop-up window will have the price per unit. You give them a call, verify the price and deal done, you're locked in.
     
    Last edited: Dec 3, 2010
  18. emt1581

    emt1581 Curious Member

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    I see your point.

    -Emt1581
     
  19. certifiedfunds

    certifiedfunds Tewwowist

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    Cool. That's all I was trying to get across.

    if you believe you need to own more and can find a local guy with a small premium and no shipping, mo' betta.

    If not........you either need it or you don't
     
  20. Don H

    Don H

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