Well its getting closer, silver has only 20-25% further declines ahead before it represents a very good long term entry point. At AUD$16 I will start to invest serious money. History doesn't repeat but it certainly rhymes. For those with the ability to see long term pricing trends, its always easy to make money. So get ready for the next once in a lifetime opportunity to get serious about silver again.
well that's makes two of us. I am also 100% certain that I don't know for certain, that's why I am intelligent enough to agree with your post. After all there are only two certainties: death and taxes. However, I am confident in probabilities. And unfortunately for many, probability lies on my side of the equation.
$16 AUD. You're dreamin'. I understand that I may have to eat my words so if it gets down there I will donate an ounce of silver to start your new stack. I want nothing material in return if the prediction doesn't come to pass - just a certain smugness from being correct. Cheers
Maybe if it does drop to $16 AUD, it wont stay there for long.. Maybe a day or two..Better have your $$$$$ ready. REGARDS Errol 43
It will have a lot to do with the US dollar. Maybe you should buy USD now and wait for the silver price to drop. You might get a $2+ drop in silver prices by that won't do it if the aussie goes down to .73 or a few cents either side like so many experts and exporters are trying to have happen.
The point of your point should be that as you have serious money to speculate on silver, you should be concentrating on that method used to garner this serious money. To be trying to build your wealth on speculation is a recipe for disaster. This is not directed at you specifically, but at the dreamers who lose sight of their day to day obligations to work where you earn a quid, rather than investing all their time in trying to flip silver to make a profit. Stacking is the end game, not the means to the end.
Rick Ackerman has a near term target of US$13 and a final silver target of US$8.00 How many miners will be left ? http://www.kereport.com/wp-content/uploads/2014-11-03-Chris-and-Rick.mp3
Before you back up the truck, make sure that you will have someplace safe to store your stockpile before you return with the full payload. .
How is it that the aussie price is down 7 cents and the usd is up 6 even even though the aussie has slipped down? I don't get it. I really don't see $8 silver. Never say never but I don't see it.
Yea I guess the "byproduct" just appears to be in a shiny ingot with numbers and names on it packaged and shipped to retail stores
I dont know about you but I think it would cost a lot more dollars to do all that with 8 bucks an ounce
2 points most of the US and South American mines are pure or mostly silver producers. South African and Australian production is secondary to gold mining and in Australia Copper and lead. Have you looked at the prices of the base metals and gold recently ? lol
even Australian secondary mining costs money.there are whole other chemical and mechanical processes that are required to get it out, it's really only the primary mining out of the earth that's cheaper. There are sooner places here in SA that have stopped extracting the silver from their other metal ores at various times when the price got to low, even the secondary producers are open to being squeezed buy low prices. Secondary producers don't produce nearly enough to cover demand though. At these or lower prices I don't think you'll see much retail recycling either, no mining the sterling silver bracelet for Christmas crowd.
