Silver Spike...

Discussion in 'Silver' started by SilverSale, Jun 14, 2019.

  1. SilverDJ

    SilverDJ Well-Known Member

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    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.
     
  2. SilverDJ

    SilverDJ Well-Known Member

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    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.
     
  3. mrsilverservice

    mrsilverservice Well-Known Member

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    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 :D

    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 :)
     
  4. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Last edited: Jun 23, 2019
  5. JOHNLGALT

    JOHNLGALT Well-Known Member

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  6. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    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.
     
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  7. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

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    I have been waiting nearly 9years to see silver back to the dragon hype but the reality bites. :(
     
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  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    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+. :eek:

    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

     
  9. leo25

    leo25 Well-Known Member Silver Stacker

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    Mr. Squiggle did some doodling and it now looks like Silver is getting ready to move.

    silver.jpg
     
  10. mrsilverservice

    mrsilverservice Well-Known Member

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    So Mr Squiggle is now giving financial advice :D






    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 :)
     
  11. alor

    alor Well-Known Member Silver Stacker

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    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
     
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  12. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    So it would appear that Silver is finally becoming money, pegged to the USD. o_O
     
  13. alor

    alor Well-Known Member Silver Stacker

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    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
     
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  14. leo25

    leo25 Well-Known Member Silver Stacker

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    He is making a comeback with a modern twist.

    squiggle.jpg
     
    Last edited: Jul 4, 2019
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  15. Oddjob

    Oddjob Well-Known Member Silver Stacker

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  16. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    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.
     
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  17. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Thanks for that information. It may be of help to others when deciding their portfolio. _JLG.
     
  18. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I buy silver kilo and 10 oz lunars for the bullion content and collection at reasonable premium.
     
    Last edited: Jul 5, 2019
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  19. JOHNLGALT

    JOHNLGALT Well-Known Member

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    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.
     
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  20. alor

    alor Well-Known Member Silver Stacker

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    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!

     
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