Sorry Boss, , I need to do this because this Silver Thread has sat FALLOW for a day or so until I posted a comment, then some IDIOT posted a comment to distract from mine. Silver has got the BANKSTERS $#!TT!NG BR!CK$ @ 84 point how many? Silver ounces to 1 ounce of Gold. Silver will do them in, just keep taking this 'CHEAP REAL MONEY' off the table. LOLOL. - you can thank me after the 'RESET'. Remember the name: _JOHNLGALT.
For anyone that hasn't heard, Deutsche Bank have brought back Credit Default Swap's.. things sure are heating up. https://www.afr.com/companies/finan...t-swaps-trading-after-5-years-20190927-p52vgk
Silver will spike & give you TROLLS a pain in the @R$E like you couldn't imagine. Have your fun now while you can. _JLG. said that.
Silver is waaaay down today as i am shopping the popular online bullion site deals here in the USA. Those new 2 oz Queen's Beast coins are looking cheap'ish! For me, i like the price dip as i am still only about a year into building wealth with PMs. It is nice to pick-up an ounce of silver for under $20 US here again and I even saw 1/10th oz Gold nearing the $150 mark again.
If it enters the bull market, watch when we reach 40-50 $. Remember: we were there in 2011, when it hit 55 $. Nice number! And now check the historical price: https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart The 1979 price has surpassed 110 $. That should be proof enough for how high it can go. The bad part: all these spikes were short-lived. Crisis & hysteria-driven bubbles, which popped fast. What could make it stay at a higher level, so that you can re-sell to someone willing to buy that high? I terrible economic crisis, which will certainly be social crisis as well, buy hopefully not a geopolitical one.
$110 is inflation adjusted price. I'm still not convinced that in the event of a crisis (big stock drop), silver won't make another big fall back to $14, so I'll still be wary to make any large buys at current price levels. Gold looks somewhat more crisis immune, and is likely to maintain its pricing (or even appreciate) even in the worst of crisis, but is too expensive at the moment. Platinum is the cheapest of all, but again the fear of looking stupid if the price drops to $600 (never mind if it's only for couple of days) is making me avoid making any serious buying.
^ Inflation can make even 1 million $ buy peanuts. But back in 2011 it went to 55 $. I can imagine it to go as high as 75-100 $ (and based on logic, previous graphs), not a wild "prediction".
Baron, your issue is that you can't seem to comprehend time-frames. ie you called for precious metals to go up for the last 8-9 years... now that was the shocking call of the century. 2 days of the stockmarket going down is not even the timeframe in question. Better luck next time.
Of course! We can expect the market to be much lower in a few weeks if your history is anything to go by. You were calling silver a buy at $45+ in 2011, we may very well be looking at a black October ahead
October is going to be EXTREMELY volatile!! With you shutting down your blog due to a decade of bad publicity, I'm surprised you still bother to post here?
