Price going to drop 30%, according to Yahoo finance

[rodmadman]

Ha ha, a Swiss bank telling us to sell gold! Let's wait 'til the end of the month and see how the vote goes.

The vote is pointless. Do you think that the Swiss government and the bank are any less corrupt than the very institutions that fix markets? The outcome has already been decided regardless of any votes. The financial world has become nothing more than a playground for the stinking rotten filthy rich!

The Swiss government can be wiped by just some people demanding a day to give an order.
Most of the rest of the world doesnt work that way, because governments tend to not like it, yet still like to claim that they are democratic.

I'm more than sure the majority want this to pass and will at the time when they vote but watch ... it won't pass.

 

[Gatito Bandito]

Fell 70%?? Silver soared 300% over the last 12 years!

Might want to check your math. Looks more like 200% (triple).

Checked. 300% is triple.

If something doubles in price, that's a 100% gain.

And if something triples in price, that's a 200% gain.


Pretty standard math accepted by accountants worldwide.

 

[Cheepo]

Might want to check your math. Looks more like 200% (triple).

Checked. 300% is triple.

If something doubles in price, that's a 100% gain.

And if something triples in price, that's a 200% gain.


Pretty standard math accepted by accountants worldwide.

5*300/100=15

 

[Gatito Bandito]

5*300/100=15

Alternatively, using the same "logic":

5*100/100=5


100% gain with absolutely zero price movement. Now that's an investment I can really get into!

 

[chowdersilver]

I am not very good at math, but think you need to subtract 15 from 5 to get the difference of 10. You then divide this from the original value which would be 200%

IMO

 

[SpacePete]

Silver already fell 70%. What more do you want?

Fell 70%?? Silver soared 300% over the last 12 years! There is no way these high prices can be maintained. Me says: expect a 50% drop!

Might want to check your math. Looks more like 200% (triple).

Checked. 300% is triple.

If something doubles in price, that's a 100% gain. And if something triples in price, that's a 200% gain. Pretty standard math accepted by accountants worldwide.

5*300/100=15

Alternatively, using the same "logic":

5*100/100=5

I am not very good at math, but think you need to subtract 15 from 5 to get the difference of 10. You then divide this from the original value which would be 200% IMO

SilverStackers today:

 

[miniroo]

Lets assume it does, will silver follow it?

Silver will indeed follow and its fall will be greater I'm convinced...100 GSR won't look impossible within the next few months perhaps.


There will have to be blood in the streets (some miners going under and investors having lost a lot of money in gold and silver as two examples) before we see any permanent trends toward the upside.

This type of cycle is nothing new....it's been played out time and time again.
.

I'm a firm believer of a GSR of 100, if gold was to drop 30% then I wouldn't be surprised with $9 silver.

I believe silver @ $50 was testing the water, don't think they'll make the mistake again so drop the price to make silver appear the most ugly investment in history, we all invest in copper instead
then whooshka! when we no longer hold silver they'll take it back up to $50 with gold $5000 and the rest will be history, Silver will never drop below $50 oz from that point on.

 

[trew]

500% in 20 years is about right. It reflects the growth of the economy. As people need a place to put their money, they buy a house (people do need a place to live).

But silver? Who needs silver? You are not saying that there is a reason for the price of silver to increase more than the price of housing? Land is limited and there will never be more. Silver is continuously extracted from the ground. There is now much more silver around than 20 years ago.

:lol:

you should google cognitive dissonance

your world realities are totally warped by your personal desires/preferences

1. the economy hasn't grown by 500% in 20 years
2. people that buy a house don't have any money - they borrow it
3. land is hardly limited in Australia
4. Silver is not any more plentiful now than it was 20 years ago

 

[fishtaco]

Silver already fell 70%. What more do you want?

Fell 70%?? Silver soared 300% over the last 12 years! There is no way these high prices can be maintained. Me says: expect a 50% drop!

Might want to check your math. Looks more like 200% (triple).

Checked. 300% is triple.

If something doubles in price, that's a 100% gain. And if something triples in price, that's a 200% gain. Pretty standard math accepted by accountants worldwide.

5*300/100=15

Alternatively, using the same "logic":

5*100/100=5

I am not very good at math, but think you need to subtract 15 from 5 to get the difference of 10. You then divide this from the original value which would be 200% IMO

SilverStackers today:

http://i.imgur.com/hgLNwuR.jpg

I know I am new but why do Stackers follow the silver price every day with either gloom or doom? I am only buying small amounts but who really is selling anything even close to the silver daily prices indicated unless its mega huge quantities??

Looks to me that silver for the buyer has premiums just about set even if it hits an all time low and premiums will just go up if silver goes up so totally irrelevant to the "Stacker" its only relevant to small time sellers and flippers!

 

[chowdersilver]

Silver already fell 70%. What more do you want?

Fell 70%?? Silver soared 300% over the last 12 years! There is no way these high prices can be maintained. Me says: expect a 50% drop!

Might want to check your math. Looks more like 200% (triple).

Checked. 300% is triple.

If something doubles in price, that's a 100% gain. And if something triples in price, that's a 200% gain. Pretty standard math accepted by accountants worldwide.

5*300/100=15

Alternatively, using the same "logic":

5*100/100=5

I am not very good at math, but think you need to subtract 15 from 5 to get the difference of 10. You then divide this from the original value which would be 200% IMO

SilverStackers today:

http://i.imgur.com/hgLNwuR.jpg

ha ha ha, After 10 years of college, I am still more like 15-5=10, 10/5=200%......and in other complex calculations of mine, 2+2=4

 

[chowdersilver]

I know I am new but why do Stackers follow the silver price every day with either gloom or doom? I am only buying small amounts but who really is selling anything even close to the silver daily prices indicated unless its mega huge quantities??

Looks to me that silver for the buyer has premiums just about set even if it hits an all time low and premiums will just go up if silver goes up so totally irrelevant to the "Stacker" its only relevant to small time sellers and flippers!

Great question, would a psychologist on this board please answer this question. I only buy small amounts, but have my home screen at work set to this site

If the price goes up, gloom and doom because I was wrong and silver is going to $30 again someday
If the price goes down, gloom and doom because I paid three cents too much for that darn Mercury dime.

 

[SilverDJ]

Great question, would a psychologist on this board please answer this question. I only buy small amounts, but have my home screen at work set to this site
If the price goes up, gloom and doom because I was wrong and silver is going to $30 again someday
If the price goes down, gloom and doom because I paid three cents too much for that darn Mercury dime.

http://en.wikipedia.org/wiki/Post-purchase_rationalization

 

[TreasureHunter]

Pretty much everyone is eyeing the sub-1,000 $ levels.

 

[Altima]

Crap. Then why is the price still going up?

Been holding back for more purchases so all this talk about price drops better happen!

 

[alor]

the arrow pointing the wrong direction :lol: may be it is going up 30%

 

[chowdersilver]

Great question, would a psychologist on this board please answer this question. I only buy small amounts, but have my home screen at work set to this site
If the price goes up, gloom and doom because I was wrong and silver is going to $30 again someday
If the price goes down, gloom and doom because I paid three cents too much for that darn Mercury dime.

http://en.wikipedia.org/wiki/Post-purchase_rationalization

Excellent response. However, I don't think I have nearly enough to classify as this. I think it is interesting as it has a bit of a "Vegas" feel to it. It also has an underdog component as well, IMO. For me, I suppose it also has a newness novelty as well.

 

[fishtaco]

Great question, would a psychologist on this board please answer this question. I only buy small amounts, but have my home screen at work set to this site
If the price goes up, gloom and doom because I was wrong and silver is going to $30 again someday
If the price goes down, gloom and doom because I paid three cents too much for that darn Mercury dime.

http://en.wikipedia.org/wiki/Post-purchase_rationalization

Thanks! I now understand why I needed to ask my question.

I have only started buying the past few months so seems I am on a winner unless it drops another 30% in which case I am still better off than many others.

Better start buying before that graph line dissipaters North above that border line Is there any numbers above that border line

 

[SpacePete]

...I have only started buying the past few months so seems I am on a winner unless it drops another 30% in which case I am still better off than many others.

That's an excellent perspective. Even a 30% drop puts you ahead of others if there is serious economic turmoil.

I think of it this way: In case of economic trouble, I will lose value more slowly than others with cash in the bank or stocks. I'm not going to get rich from silver, I'll just get poorer slower.

And if the economy continues to boom and everything is fantastic, then we should have many opportunities to increase quality of life in other areas so holding some worthless silver will have been an entertaining sideline that didn't amount to much, but at least we had fun along the way, learnt a few things and met some good people.

 

[fishtaco]

...I have only started buying the past few months so seems I am on a winner unless it drops another 30% in which case I am still better off than many others.

That's an excellent perspective. Even a 30% drop puts you ahead of others if there is serious economic turmoil.

I think of it this way: In case of economic trouble, I will lose value more slowly than others with cash in the bank or stocks. I'm not going to get rich from silver, I'll just get poorer slower.

And if the economy continues to boom and everything is fantastic, then we should have many opportunities to increase quality of life in other areas so holding some worthless silver will have been an entertaining sideline that didn't amount to much, but at least we had fun along the way, learnt a few things and met some good people.

Actually reading my post again it sounds as if I am smirking at those who bought at a higher price but that wasn't my intention.

 

[SilverDJ]

Pretty much everyone is eyeing the sub-1,000 $ levels.

But does that mean it's going to happen?
Are bargain hunters just wishful thinking?