1 oz pamp for $81 and not over yet

Discussion in 'Silver' started by Dellers, Apr 9, 2011.

  1. Dellers

    Dellers Member Silver Stacker

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    Dellers, Apr 9, 2011
    #1
  2. pixha

    pixha Member

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    pixha, Apr 9, 2011
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  3. Teh silvers

    Teh silvers Member

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    That's about $81 per ounce.
     
    Teh silvers, Apr 9, 2011
    #3
  4. Dellers

    Dellers Member Silver Stacker

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    thanks missed the thread, reading it now
     
    Dellers, Apr 9, 2011
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  5. bsides

    bsides Active Member Silver Stacker

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    bsides, Apr 9, 2011
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  6. hem9

    hem9 Active Member Silver Stacker

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    These are peoples preferences driving the prices. But if silver goes where we all expect it to go, you will be seeing pamps at 150 next year and we would all be wishing we bought in at 81.
     
    hem9, Apr 9, 2011
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  7. bsides

    bsides Active Member Silver Stacker

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    agreed.

    try to value silver based on gut instinct.. a 1kg pamp "looks" like it's worth $10,000 at least, or more, especially when compared to how much real estate that buys you. should a median $400,000 house be worth 10,000oz silver?? viewing objectively i think that the median house is worth maybe maybe ~1000oz or less (1kg pamp at $10,000 is $311/oz and would price that house at 1286oz not even taking into account any premium).

    these buyers at $40 see value. next stop $50, then maybe ~$30, then $100... shadow stats inflation adjusted 1980's high is almost $500/oz... official CPI figures have it closer to ~$130/oz.

    but imho there will be some hard hard dips to shake out weak hands. the swings will be violent and gut wrenching!
     
    bsides, Apr 9, 2011
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  8. purgatori

    purgatori New Member

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    twits i just got 75 of them for $44 each hahaha
     
    purgatori, Apr 9, 2011
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  9. gbickle

    gbickle Member

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    That guy that sold that heap of 1kg pamps on ebay a few months ago for $880 each must be feeling peeved now. (I only managed to grab 4 of them.. wish I had got the lot!)
     
    gbickle, Apr 9, 2011
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  10. Nugget

    Nugget Well-Known Member Silver Stacker

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    Nugget, Apr 9, 2011
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  11. Ernster

    Ernster New Member

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    WTF? When Silver gets to $80 I would have tripled my investment, theyd be beaking even or they could buy at $40oz like a sane person would and double their money...oh well.

    No skin off my noes.
     
    Ernster, Apr 9, 2011
    #11

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