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 SFsorrow
Is born
 
Registered: 11/11/07
Posts: 142
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 Is it Silver's time to shine?
#8083691 - 02/28/08 09:30 PM (6 months, 4 days ago) |
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Quote:
Our fundamental view on silver remains bullish for the next few years, until we begin to worry about new mine supply from primary silver mines, as well as from byproduct silver from other new gold (TSX:NGD') and base metals mines,
h__p://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-23369967.htm
With most all precious metals hitting historical highs (excluding inflation adjusted values) and Golds forced march towards the historic $1,000/oz level while many analysis's claim that Gold might be hitting it's peek value, it seems like it is going to be Silver which will continue to grow in value beyond most anyones predictions.
I know there is plenty of silver in the above ground stock and that it will never gain anything close to the level of value of Gold but I keep hearing from trusted sources that silver very well could be undervalued by up to 4 times its true worth in our current market (I do feel that that claim is a bit absurd but all bets are placed on silvers continued growth).
Silver is up about 33% from the start of '08 and up 13% from 2/19/08.
(h__p://www.afxpress.com/about488/index.php?lg=en&c=00.00&story=2341624)
Do you see Silver as just following in Golds dust and this current increase in value is a simple a price correction against the falling Dollar or is this something a bit more?
Please let me know.
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 RasJah
Prince
Registered: 12/05/07
Posts: 60
Last seen: 5 months, 24 days
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 Re: Is it Silver's time to shine? [Re: SFsorrow]
#8083871 - 02/28/08 10:07 PM (6 months, 4 days ago) |
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Who knows. If I had lots-O-Dough I'd be investing in Silver. For many reasons, but primarily because it's shiny and shiny things are cool.
On the serious side of my response, silver is a good thing to invest in because it's tangible. In the stock market, one person fucking up a company can fuck you out of your money. Once you have the silver, you've got it. Get it, too, in your possession and in a bank safe. Don't trust Gold-Line or whatever specie dealer to hold on to it. They may not have it after whatever time, or sell the same stock to other people...something like that.
Good luck. Make it big, and sell late. Make money money, make money money money!
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SFsorrow
Is born
Registered: 11/11/07
Posts: 142
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Re: Is it Silver's time to shine? [Re: RasJah]
#8086720 - 02/29/08 03:45 PM (6 months, 4 days ago) |
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h__p://www.kitco.com/ind/roslin/feb252008.html
Quote:
I knew this day had to come. My trading setup for silver has just flipped to bearish. I’ve held silver since last May, and the trade has worked very nicely. But alas, my setup based on trader positioning in the Commitments of Traders reports indicates it’s time to let go, hard as that might be.
The setup works by trading on the same side as the commercial traders when their futures and options positions in silver hit specific points of bullishness and bearishness. The setup works with no trade delay - meaning I executed the trade as of the open this morning, Monday, Feb. 25.
Shit. I just bought 2 grand worth of silver. Should have gone with gold.
Well, let's see if his predictions are wrong... Right?
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EDIT:
h__p://www.kitco.com/ind/Ruff/ruff_feb182008.html
Quote:
He also says, “silver is in huge short supply, and the shortage is getting worse by the day; the silver inventories which depressed the price for more than sixty years are gone!” He’s certainly right if you are talking about silver at today’s price!
Unlike gold in the 70’s when Jimmy Carter decided that rising gold was an embarrassment to the dollar and announced gold sales from Fort Knox to depress the price, government can’t decide to dump their silver onto the market to artificially suppress the price – because they no longer have any! Silver is still the poor-man’s gold, and the time is not far away when the investment world finally wakes up to the shortages, and soaring demand will make it difficult to find any investment silver at any price this side of $100 an ounce.
I think he was just proved wrong in long term investing. Unfortunately this was not my intent when I bought silver but alas these are still words of reassurance.
Edited by SFsorrow (02/29/08 04:33 PM)
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TODAY
Battletoad
Registered: 09/25/03
Posts: 6,919
Loc: Metropolis City, USA
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Re: Is it Silver's time to shine? [Re: SFsorrow]
#8087626 - 02/29/08 07:45 PM (6 months, 4 days ago) |
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I started follow silver in May or June 2007 when it was approx $12/oz. Now its what, $19? Shit!.
I didn't have any money then. Now I do, but i'm 
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ca'rouse (k-rouz)
intr.v.
To engage in boisterous, drunken merrymaking.
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Wiccan_Seeker
INFJcounselor-idealist
Registered: 02/06/02
Posts: 16,431
Loc: Virgo Supercluster (or b...
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Re: Is it Silver's time to shine? [Re: SFsorrow]
#8088231 - 02/29/08 10:45 PM (6 months, 3 days ago) |
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I hope its not Silver's time yet. I'd like some years between now and the majestic rise of silver some foresee.
To add to the discussion:
We started meowing about silver here when it was $11.
Silver is $19/oz now.
I believe $40 is the real value at the moment.
I wouldnt be surprised if $60 were reached.
Many silverbugs are thinking $60-$120/oz however.
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abesh
Warrior SixDelta
Registered: 07/31/07
Posts: 310
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Re: Is it Silver's time to shine? [Re: Wiccan_Seeker]
#8093664 - 03/02/08 01:03 PM (6 months, 2 days ago) |
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what do y'all think of the Silver Philharmonic, is it worth paying about $3 over spot??
I got 20 of them when spot was about $17, and I like them because each of them is sealed in plastic.
what do you prefer to get... bars, rounds, eagles, maple leafs, pandas, etc etc... also sterling???????????
ty
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Wiccan_Seeker
INFJcounselor-idealist
Registered: 02/06/02
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Loc: Virgo Supercluster (or b...
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Re: Is it Silver's time to shine? [Re: abesh]
#8094710 - 03/02/08 06:39 PM (6 months, 2 days ago) |
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Oh I'd definitely pick a few up for that price, but not as an investment, but because of esthetics. As you can see, its a beautiful coin.
As an investment I prefer bars. Back in Metric Europe the typical size would be a 1 kilo bar (32,15 troy ounce). It is the perfect size for handling, stacks really well, unless you're a bigtime investor, who tend to pick up 5kg bars.
In the US the approximation would be 10oz bars and 100oz bars.
Bars tend to be far closer to spot, and being close to spot or below it is the name of the game.
I also picked up a couple of Canadian Silver Maples for in case the economic shit hits the fan, to use as an alternative currency.
As to 1oz goods, the Canadian Silver Maple is the best there is, and here is why:
--hard to forge, forgeries tend to be obvious
--very well recognized
--not too much over spot
--9999 silver instead of 999 silver
--backed by CAN $5 which is more than your EURO 1,50 Philharmonic
--goodlooking, well-crafted coin
--weight and purity stated on the coin
--exactly 1 troy ounce for convenience
--backed by a melter-assayer national mint (unlike most rounds are)
--not issued by a controversial nation (unlike the USA)
THeres a lot of fake sterling silver where the silver content is very overstated. Sterling silver goods may need testing before selling, other than that its as good as any other silver.
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ToolTroll
...reach higherground...
Registered: 08/02/04
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Is $25 too much to pay for a Silver American Eagle? This was at a small coin shop in the southeastern US maybe 2 weeks ago. Very pretty coin, would be a good gift.
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MistaUNGA
in the water
Registered: 10/01/06
Posts: 1,219
Loc: on and/or off the lot
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I am looking on BullionDirect.com, is this a reputable source? Do you have any other good sources?
I am looking to invest in 2 10oz silver bullion bars, and probably some of those Canadian Maples you were talking about.
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ExplosiveMango said:
If everyone could do mushroom, yes, it would be a wonderful world. This will never be, only some can do mushrooms. It is the responsibility of those of us who see the world most clearly to pass the clarity on to those who cannot bare to wear our lenses.
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C20H25N3O
Calico Kahlia
Registered: 02/01/04
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Re: Is it Silver's time to shine? [Re: MistaUNGA]
#8097947 - 03/03/08 02:48 PM (6 months, 1 day ago) |
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Man, I am I ever kicking myself back in October right before gold went really crazy I was thinking to myself maybe I should take some money I have set aside for next years rent and put it in something hard, and I was leaning toward silver. I'm relatively young and inexperienced. That coupled with being extremely busy I didn't have proper time to educate myself on the process.
I have two main questions, (1) where is a good/reputiable place to educate myself on something like this--and what should I focus on. (2) Where is a good place to purchase silver and how would one go about reselling. Is it relatively liquid.
This last section is a little about me, and while I would love an opinion I understand the need to do my own research. But I have ~9,500 to invest that I will need to take out in increments of ~1/3rd of the next 12 months for school and whatnot. What would you do in my situation? I was going to and may start my own thread, but my focus was piqued again with a casual checking of silver prices the other night to find out I should've invested in October but I thought things were too high then and were going to be correcting themselves...what do I know.
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Calico Kahlia come tell me the news
Calamity's waiting for a way to get to her
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I bought you a paddle for your paper canoe
Say you'll come back when you can
Whenever your airplane happens to land
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RasJah
Prince
Registered: 12/05/07
Posts: 60
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Re: Is it Silver's time to shine? [Re: C20H25N3O]
#8098949 - 03/03/08 06:28 PM (6 months, 1 day ago) |
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I've been contacted by people from a place called "goldline". I inquired to them first, though, and they called me a few times and sent me some materials. They seemed professional, but who really knows. Gold-line.
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SFsorrow
Is born
Registered: 11/11/07
Posts: 142
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Re: Is it Silver's time to shine? [Re: RasJah]
#8109070 - 03/05/08 11:45 PM (5 months, 29 days ago) |
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I picked up my silver rounds, at spot price, from a local coin, jeweler, and trading card dealer. I can sell it back to them for $0.50 under spot but the nice thing about it is that they only take cash, cold, hard (well paper) cash.
Local is always going to be your best bet.
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