Looks at that 1993 $3.50 low and what is does after that, kinda similar to were we are now. So we could just as easily see another 10 year flat-ish period from here on. Thinking it's more likely to go sky high is just a matter of wishful think and were you happen to draw the lines.
That's the thing with precious metals, they return no dividends, so they suck as a long term investment unless you time it right. In those circumstances you were better off to have to have your money in cash earning a meager interest.
The state of silver at the moment reminds me that silver is Golds poorer cousin - GSR 90 - 1 If people had invested in Gold instead of silver after the high of 2011 would be over the moon today But saying that buying a few kg's of silver and forgetting about it could give you a nice return in the future. If you only hold silver I wish you well
You can watch the live Silver Futures Markets (?) price action which is open NOW via this LINK to Kitco website: https://www.kitco.com/charts/livesilver.html
I've said it before, "the best time to plant a tree was twenty years ago, the second best time is now!" You can't live in memory or anticipation. If you want more metal, buy it now.
Just saw this thread dated 28 Dec 2008 while searching for canadian maple milk spotting. Interesting to see that 10 years ago, maples are only slightly cheaper than today despite a spot of $10+. Also, noticed that today bars are more popular than coins even though premiums have fallen quite a lot. https://www.coincommunity.com/forum/topic.asp?TOPIC_ID=39784
So Mr Squiggle is now giving financial advice The Book of Proverbs Chapter 22 verse 1 A good name is to be chosen rather than great riches ,Loving favor rather than Silver and Gold
well last time a computer cost >2k, mobile phone, the heavy ones cost so much now your phone is so much faster and cheaper too can you imagine using today's phone to check the internet back in 2008, while maintaining the speed it cold be a real torture for people that paid so much for their metals and still keeping them going nowhere
it looks like the pig were sold for $26 last year, and I managed to get monkey for $23 last time dragon went for $100 each the down turn, it still have the stamina to drag longer, so it seems
I saw the monkey coins last year around Nov while getting some Griffins. I think there's a belief that lunars particularly dragons, or rather any government issued coin with a dragon on it will do well because of demand from mainland China. But other than Pandas, there's virtually no market for silver coins and bars in China, primarily because they are subject to 17% VAT. The market for investment silver is much bigger, probably many times bigger in India than China.
Congratulations @sgbuyer . I usually tend to do the same, but I let my 72 Y/old hair down & put in a bid on the 1 KG Bullion Now 1981 City Mint bar @ Auction in the Commercial Trading (Public) FORUM. because of its heritage & rarity (being an old fart). Please feel free to bid against me & may the better bid win. LOL. _JOHNLGALT.
I did that on purpose, so that other people can also get the monkeys...too but missed out on the pig $26 on another store/another time the freedom speech thread got shut down so I post it here the neighbor on fire on one side, the other side got fire sale!
