A$14 silver?

$15.40 USD silver? 110c and we might see $14.

Bugger.

But if it comes with a GSR of 80, happy days ;)
 
My euro's are dancing the hulah houp in my pocket.
Dunno yet if I will wait for $14. Depends on the things I keep an eye on, and these do indicate a price of a couple dollars lower than $19, but as I experienced before, things can change again, so I'll see. And if $17 really shows up, then dealers will at first ask a higher premium anyway, so I need to let some $17 occasions pass before actually be able to buy according to that price, at the normal premium.
 
Cheepo said:
Absolute certainty. My bet is by year's end. But I am know to be wrong sometimes.
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Is that based on anything apart from your personal desires to buy low because you haven't bought in yet ?
 
trew said:
Cheepo said:
Absolute certainty. My bet is by year's end. But I am know to be wrong sometimes.
Click to expand...


Is that based on anything apart from your personal desires to buy low because you haven't bought in yet ?
Click to expand...
Nah hes just a cheepo
 
Miners won't let silver drop below $18 or $19 USD.
They will close their mines until they get higher prices.

I bought 100oz bar 2 weeks ago and another 100oz bar last week.
Governments won't let mines close, it's political.

I'd be very surprised to see anything below $18 USD.
 
trew said:
Cheepo said:
Absolute certainty. My bet is by year's end. But I am know to be wrong sometimes.
Click to expand...


Is that based on anything apart from your personal desires to buy low because you haven't bought in yet ?
Click to expand...
The historic price of silver (it was below $10 for most of the last 100 years, a period with two world wars, a great depression, when silver was still used in cutlery, and when industrial demand was very high in the film industry), and the price trend over the last 3 years.
 
banks kept their metals said:
Miners won't let silver drop below $18 or $19 USD.
They will close their mines until they get higher prices.

I bought 100oz bar 2 weeks ago and another 100oz bar last week.
Governments won't let mines close, it's political.

I'd be very surprised to see anything below $18 USD.
Click to expand...
Is that based on anything apart from your personal desires?
 
Bullion Baron said:
banks kept their metals said:
Miners won't let silver drop below $18 or $19 USD.
They will close their mines until they get higher prices.
Click to expand...
Some did this in 2008 (closed their mines), but it wasn't because they were waiting for higher prices, they went bankrupt!
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There is also fraud in mining (like in any other business) with people saying they found a large deposit of ore, borrowing money to exploit it, stealing the money, and then finding an excuse for closing down and having a good life with their money.
 
banks kept their metals said:
Miners won't let silver drop below $18 or $19 USD.
They will close their mines until they get higher prices.
Click to expand...

This is not really the case since silver is primary a mining byproduct of lead and zinc. There are very few silver only mine operations going on simply because you never get just silver on its own. This adds to the notion of producers not being able to fulfill increasing demand like gold can be, hence why silver has always outperformed gold when going up.
 
DanielM said:
Gigrantor said:
It only works if you start a thread about it! ;)
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Hope so
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Now you've gone and done it! Oh the humanity!!! :o


2410_thehugemanatee.jpg
 
Cheepo said:
trew said:
Cheepo said:
Absolute certainty. My bet is by year's end. But I am know to be wrong sometimes.
Click to expand...


Is that based on anything apart from your personal desires to buy low because you haven't bought in yet ?
Click to expand...
The historic price of silver (it was below $10 for most of the last 100 years, a period with two world wars, a great depression, when silver was still used in cutlery, and when industrial demand was very high in the film industry), and the price trend over the last 3 years.
Click to expand...

Sounds like sound reasoning - do you think houses will go back down to $10,000 based on the same logic ?
 
The world population is growing especially in countries with a strong appetite for gold and, to a lesser extent, silver. Longer term this should help drive up the price of precious metals.
 
trew said:
Cheepo said:
trew said:
Is that based on anything apart from your personal desires to buy low because you haven't bought in yet ?
Click to expand...
The historic price of silver (it was below $10 for most of the last 100 years, a period with two world wars, a great depression, when silver was still used in cutlery, and when industrial demand was very high in the film industry), and the price trend over the last 3 years.
Click to expand...

Sounds like sound reasoning - do you think houses will go back down to $10,000 based on the same logic ?
Click to expand...
Do you know of houses which have been $5,000-7,000 for most of the last 100 years, including 15 years or so until 2004? If so yes, I would expect them to return to $10,000 or less within the next couple of years.
 
Cheepo said:
The historic price of silver (it was below $10 for most of the last 100 years, a period with two world wars, a great depression, when silver was still used in cutlery, and when industrial demand was very high in the film industry), and the price trend over the last 3 years.
Click to expand...

In 1915 silver was $11.45 in 1915 dollars.
http://www.macrotrends.net/1333/gold-and-silver-prices-100-year-historical-chart

Adjusted for inflation, it was $266 in 2013 dollars.
http://www.davemanuel.com/inflation-calculator.php

So if silver goes to 1915 prices...............................yeah, right!
That's not $11.45, that is $266.
 
banks kept their metals said:
Miners won't let silver drop below $18 or $19 USD.
They will close their mines until they get higher prices.

I bought 100oz bar 2 weeks ago and another 100oz bar last week.
Governments won't let mines close, it's political.

I'd be very surprised to see anything below $18 USD.
Click to expand...
It's 5 years ago that the silver price was $10
It's 10 years ago that the silver price was $5
Mining took place in both cases.
Alot silver production is a byproduct. Only if the company ceases to process ore with whatever in it, the silver production will stop. Before that, they won't throw away even $1 silver, because something is still better than nothing.
On the other hand, the silver price has been $5 for about a couple decades until 2003. So one could say that there was some 'catchup' to do.
Aside of this, miners perform producer hedging/dehedging. This 'shifts' supply in time. Much like speculators do by 'investing' and 'disinvesting'.
And another element: existing stocks. All the sales of the past 5 and 10 years, will surely be sold again, and invert the price effect it had.
And if government sponsors a mine, then that means that the mine can deliver cheaper silver than normal.
So that argument is like on the wrong side of your equation.
I'm not saying that it's a bad idea to buy silver.
I'm just saying that alot did it before you, and that you should take them seriously into account.
Btw if you just started stacking and waited during former years, congrats, you did better than me with my $30 average! Just to make clear my position. :D
It's possible that I buy again some silver at $19.5, last year I also thought to wait for $17-18, but various elements made me change my mind, and this can again happen. But for now, it doesn't look like sub $18 has no serious chance.
 
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