It seems that many, if not the vast majority of people here feel that silver is currently undervalued. Then, given the dollar's current buying power, what would be an appropriate price at this time? Just opinions for the sake of discussion. Feel free to expand on any reasons for your opinion, and specify whether US or Australian $.
What 'should' be the current price of silver?
- Thread starter Sonic
- Start date
sterling-nz
Well-Known Member
We are lucky i think to have silver at what ever price it happens to be.
I am pretty confident the are not mining the silver and making our pretty bullion for $10 an ozt.
We are lucky in that the mark up is not that huge compared to other things we may buy.
The new tv we just bought was $1500 and from what i understand of retail the shop will most likely be pocketing $750 or so of that.
May be even more depending on who you ask.
That $1500 tv may have cost less than $100 to manufacture.
Jewelery has HUGGGGGGE mark ups .
Id like higher prices for silver as then i could make better returns on the cheap stuff i buy to flip
If it goes to much lower i may possibly, might, would consider, have a look at even paying (cough) spot and getting a small car load from an online dealer.
Unlike many here my stash gets cheaper and cheaper with every flip i do.
I like free silver but deeply appreciate that other people are not as tight as me and are prepared to pay up for it.
It may be different if i was to go back to work and found i didn't have the time to travel to all the op shops , garage sales and auctions though.
Just on auctions, either i am being followed and they are intentionally pushing up prices on me , or they are getting harder and harder to find good cheap deals at.
Anyone been selling their stuff at auction houses?
I am pretty confident the are not mining the silver and making our pretty bullion for $10 an ozt.
We are lucky in that the mark up is not that huge compared to other things we may buy.
The new tv we just bought was $1500 and from what i understand of retail the shop will most likely be pocketing $750 or so of that.
May be even more depending on who you ask.
That $1500 tv may have cost less than $100 to manufacture.
Jewelery has HUGGGGGGE mark ups .
Id like higher prices for silver as then i could make better returns on the cheap stuff i buy to flip
If it goes to much lower i may possibly, might, would consider, have a look at even paying (cough) spot and getting a small car load from an online dealer.
Unlike many here my stash gets cheaper and cheaper with every flip i do.
I like free silver but deeply appreciate that other people are not as tight as me and are prepared to pay up for it.
It may be different if i was to go back to work and found i didn't have the time to travel to all the op shops , garage sales and auctions though.
Just on auctions, either i am being followed and they are intentionally pushing up prices on me , or they are getting harder and harder to find good cheap deals at.
Anyone been selling their stuff at auction houses?
I put the price around $20.08 AUD or $15.71 USD
there is no way you would be able to buy silver, ever, if the price was $1.
dealers would never sell at that price.
even if silver was $10, the best you would get would be maybe eighteen $
dealers would just raise their premiums !
plus, when it goes off, the price will be out there, for the fact, there's none around.
I reckon that it should be $100 today
1500\15(gsr)=100
dealers would never sell at that price.
even if silver was $10, the best you would get would be maybe eighteen $
dealers would just raise their premiums !
plus, when it goes off, the price will be out there, for the fact, there's none around.
I reckon that it should be $100 today
1500\15(gsr)=100
raven said:
Not really
raven said:
LBMA
not really
mmissinglink
Active Member
wrcmad said:
Great point wrcmad.
The price is right when you have buyers willing to buy at the price sellers are willing to sell. Since that is happening all the time now, seems like the price is fine for this moment in history
..
Pirocco
Well-Known Member
Since futures market positions nearly never end in delivery of the underlying product (silver), the effect on the price of their existence can be subtracted from the spot price that includes this future/forward bogus "demand" (that actually is attempting to lock in a profit / to hedge).
On 21/04/2015 (end of day) the net total of this bogus "demand" amounted to 33836 positions of 5000 ounces. Comparing buying/selling data with price trend delivers an amount ounces per price US dollar: 70 Moz. 33836 x 5000 = 169 Moz, divided by 70 Moz this is $2.4 price dollars.
The price on 21/04/2015 was $16.08, so the "real" price that day is $16.08 - $2.4 = $13.68. That was the 'should be' price of silver that day.
For what it matters, things are like they are, forced/manipulated/whatever or not, despite all the 'should be's'.
Forum talk is bull and bear talk. In any price fluctuation, there is a last sucker buying and a last sucker selling, and both have a text balloon holding 'should be' hovering above their head.
On 21/04/2015 (end of day) the net total of this bogus "demand" amounted to 33836 positions of 5000 ounces. Comparing buying/selling data with price trend delivers an amount ounces per price US dollar: 70 Moz. 33836 x 5000 = 169 Moz, divided by 70 Moz this is $2.4 price dollars.
The price on 21/04/2015 was $16.08, so the "real" price that day is $16.08 - $2.4 = $13.68. That was the 'should be' price of silver that day.
For what it matters, things are like they are, forced/manipulated/whatever or not, despite all the 'should be's'.
Forum talk is bull and bear talk. In any price fluctuation, there is a last sucker buying and a last sucker selling, and both have a text balloon holding 'should be' hovering above their head.
I love how hard it is to get a straight answer around here, even if you're only asking for opinions!
Thank you Pirocco, but I hope you're not insinuating that I am a complaining sucker, because I've never complained (not publicly or in my head) of the current spot price. I come up with these questions out of curiosity. I consider myself pretty lucky to have got in around $20 and it's been dropping since then, rather than rising, I consider that lucky too.
If people come up with good enough reasons (they didn't) for silver price suppression that could be another influence to buy more. The point of this post was to see just how manipulated people think the price really is. It failed. A lot of people subscribe to this idea but it seems that it's nothing more than idea, and they are clueless as to any details. And/or are afraid of public ridicule so they don't even want to bring it up, unless sarcastically.
Thank you Pirocco, but I hope you're not insinuating that I am a complaining sucker, because I've never complained (not publicly or in my head) of the current spot price. I come up with these questions out of curiosity. I consider myself pretty lucky to have got in around $20 and it's been dropping since then, rather than rising, I consider that lucky too.
If people come up with good enough reasons (they didn't) for silver price suppression that could be another influence to buy more. The point of this post was to see just how manipulated people think the price really is. It failed. A lot of people subscribe to this idea but it seems that it's nothing more than idea, and they are clueless as to any details. And/or are afraid of public ridicule so they don't even want to bring it up, unless sarcastically.