Hey Everyone, I know we have all seen tons of videos and predictions that claim silver will be either in the $100's-$1000's soon and some others that state it will be almost single digits and it will take 10's if not almost a century for prices to do much. After you all have compiled all of this info individually, I would like to know what you think will happen...your prediction's. What I am searching for is knowledge from people who have educated themselves on the subject and do not have a big hand in the sales of silver...something to sell that may influence what is said is to come. We have heard such extreme highs and lows from these people that have something to gain (Other than selling their stacks to Make $ on an individual level), but what do we each think our limits are? >How low will silver go (This year and near future)? >How high will it go (This year and near Future)? >When are you planning to get out at? At what Price? All or None, or partial at a certain Price?
I think it'll go as low as 28 and as high as 48 if it hits high 40's again I'm converting a few hundred oz.s to gold. I'll probably sell all my silver if it hits triple digits unless its a shtf scenario.
Forget fiat values - its all about purchasing power. How many ounces to buy a house, or land, or business, or shares etc.
Exactly gp. What use is holding currency that can be printed and deflated/inflated. What you want is real value. Long term holders are driven by this fundamental knowledge. As for price... I'm swapping out my silver for gold if we see a shrinking gsr at 35. If it does not get there, I'll be happy knowing I'm still holding both colours of the shiny stuff.
im hoping it hits 28 on monday then im buying up BIG!!!!!!!!!!!!!!!!!!!!!!!!!! ALL IN WOOOOOOOOOOOOOOOOOOOOOOOO!!!!!
Posting a thread and not doing your own homework is your downfall. A fool and his money is soon parted.
that's what I thought, rather than think for myself, I'll just ask everyone here what I should do and save putting in any effort.
http://forums.silverstackers.com/topic-20744-mr-retarded-monkey-speaks-out-on-silver.html Read that thread for a great in depth analysis of future silver potential.
Would love to see the POS go to $100.... However if it passes above $50 ......lets say it hits $60 I think there will be such a rush to sell it wouldn't be surprising to see the POS plummet quite a bit after this occurs. The problem is even If the POS goes into the 100's It would be very tempting to make some profit when it breaks >$50.
So you're saying that significant numbers of silver owners are weak hands? I agree with you, but why do you think this? And what does having a wreak hand really tell us about peoples true reasoning for owning silver?
Not necessarily all the small people will sell at $50 to make a quick profit, but all those speculators will and they are what affects the price.
Exactly. It doesn't take much volume to affect the price at the margin. Also, if a price looks like it may have peaked, do strong hands become weak? Its all gravy until it's not...
This is true..... I will be a long term player in Silver, but the purpose of buying and holding does not really help unless I can make a profit. If Billionaires are going to make a profit when Silver gets to $50 why should I not be able to? I have never said anyone has weak hands. I am sure long term silver stackers will be making profits these prices even if everyone thinks the POS will go the Hundreds. What I have not decided is if the $50+ POS is reached do I sell 50% and hope to jump back in if the price drops or do I sell 90% and hope the price down not rise too quickly before I can buy more.
Anecdotally it would seem that many stackers are actually speculators, each with their own price. Which is fine, but can be ironic if a sale is expected to be made in fiat. Does this make these same stackers any different from stock market speculators, real estate speculators, currency speculators, or speculators in commodities? Just sayin.
