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Campfire Tracker
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OP
Campfire Tracker
Joined: Mar 2005
Posts: 5,659 |
How low can silver go ?
Yesterday silver closed at $15.95 and was just wondering if its a good time to buy ?
And yes ... no one has a crystal ball.
"Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much" Teddy Roosevelt
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Campfire Outfitter
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Campfire Outfitter
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Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2011
Posts: 30,997 |
How low can silver go ?
Yesterday silver closed at $15.95 and was just wondering if its a good time to buy ?
And yes ... no one has a crystal ball. Gold and Silver will continue to move with the dollar. Dollar up, gold and Silver down. The Euro and Yen are selling off retaliative to the dollar and precious metals, and Japan is starting another round of it's on QE. One current play is to be long the Japanese stock market, and shot the yen. Also, on an earnings basis, perhaps the cheapest market in the world right now is Russia.
You didn't use logic or reason to get into this opinion, I cannot use logic or reason to get you out of it.
You cannot over estimate the unimportance of nearly everything. John Maxwell
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Joined: Aug 2004
Posts: 69,665 Likes: 15
Campfire Kahuna
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Campfire Kahuna
Joined: Aug 2004
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That's what they have been saying... ...for a long time. 
Molɔ̀ːn Labé Skýla!
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Campfire Oracle
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Campfire Oracle
Joined: Oct 2005
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Silver and gold will definitely go *way* up eventually. But it's not something to look forward to.
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Campfire Ranger
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Campfire Ranger
Joined: Aug 2004
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Silver and gold will definitely go *way* up eventually. But it's not something to look forward to. But it will be worth something when paper takes on the value of paper.
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Joined: Mar 2005
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Campfire Tracker
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OP
Campfire Tracker
Joined: Mar 2005
Posts: 5,659 |
Silver and gold will definitely go *way* up eventually. But it's not something to look forward to. But it will be worth something when paper takes on the value of paper. Having silver/gold in my gun locker just gives a good feeling. If or when SHTF be good to have.
"Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much" Teddy Roosevelt
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Joined: Apr 2006
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Campfire Outfitter
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Campfire Outfitter
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Around 1970, I bought silver for about three dollars ans sols it a year or so ago for forty five bucks. That investment was good.
The Mayans had it right. If you�re going to predict the future, it�s best to aim far beyond your life expectancy, lest you wind up red-faced in a bunker overstocked with Spam and ammo.
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Campfire Regular
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Campfire Regular
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Around 1970, I bought silver for about three dollars ans sols it a year or so ago for forty five bucks. That investment was good. Meh. Little over 6% annually.
Teach every child you meet the importance of forgiveness. It's our only hope of surviving their wrath once they realize just how badly we've screwed things up for them.
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Campfire Outfitter
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Campfire Outfitter
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Yes. Nothing great but at least I didn't loose. I have yet to understand what is so great about owning gold and silver. Hedge against inflation? How?
The Mayans had it right. If you�re going to predict the future, it�s best to aim far beyond your life expectancy, lest you wind up red-faced in a bunker overstocked with Spam and ammo.
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Campfire Kahuna
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Campfire Kahuna
Joined: Nov 2005
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Yes. Nothing great but at least I didn't loose. I have yet to understand what is so great about owning gold and silver. Hedge against inflation? How? Gold and silver are two of the best preservers of wealth going. Gold and silver as investments? Hit or miss.
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Campfire 'Bwana
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Campfire 'Bwana
Joined: Mar 2011
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Hedge against the dollars collapse?
The tree of liberty must be refreshed from time to time by the blood of patriots and tyrants.
If being stupid allows me to believe in Him, I'd wish to be a retard. Eisenhower and G Washington should be good company.
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Campfire Outfitter
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Campfire Outfitter
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Should the dollar collapse, how would you barter with gold or silver? With a set of scales as back in the gold rush days?
The Mayans had it right. If you�re going to predict the future, it�s best to aim far beyond your life expectancy, lest you wind up red-faced in a bunker overstocked with Spam and ammo.
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Campfire Outfitter
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Campfire Outfitter
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Best use for gold and silver I can see is to purchase transport and security someplace else if the SHTF.
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Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2011
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Hedge against the dollars collapse? I guess you haven't been paying attention to what direction the dollar's been going lately...
You didn't use logic or reason to get into this opinion, I cannot use logic or reason to get you out of it.
You cannot over estimate the unimportance of nearly everything. John Maxwell
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Joined: Jan 2011
Posts: 2,278
Campfire Regular
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Campfire Regular
Joined: Jan 2011
Posts: 2,278 |
How low can silver go ?
Yesterday silver closed at $15.95 and was just wondering if its a good time to buy ?
And yes ... no one has a crystal ball. Gold and Silver will continue to move with the dollar. Dollar up, gold and Silver down. The Euro and Yen are selling off retaliative to the dollar and precious metals, and Japan is starting another round of it's on QE. One current play is to be long the Japanese stock market, and shot the yen. Also, on an earnings basis, perhaps the cheapest market in the world right now is Russia. Having just moved back from Japan after almost 24 years, I am bearish on investments there, based on a long recent history of extremely bad government judgments and declining demographics. As for Russia, as Jack Bogle says (and I repeat on my web site), there is a reason for investment there being so cheap: the risk factor is atrocious. The same with Greece. As Bogle says, "they win!" He further notes that if you want to invest in foreign markets, play it safe and invest in US multinationals. They typically have over half of their business in foreign markets and have learned how to handle the various risks. Over time, you will do far better than trying to go on your own.
Norman Solberg
International lawyer, lately for 25 years in Japan, now working on trusts in the US, the 3rd greatest tax haven. NRA Life Member for over 50 years, NRA Endowment (2014), Patron (2016).
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Campfire Kahuna
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Campfire Kahuna
Joined: Apr 2011
Posts: 69,275 Likes: 12 |
I don't invest in Silver. I "invest" in lead and powder. If you have plenty of lead and powder when SHTF, you will be able to get all the silver you want.
Last edited by chlinstructor; 06/10/15.
"Allways speak the truth and you will never have to remember what you said before..." Sam Houston
Texans, "We say Grace, We Say Mam, If You Don't Like it, We Don't Give a Damn!"
~Molɔ̀ːn Labé Skýla~
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Joined: Apr 2006
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Campfire Outfitter
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Campfire Outfitter
Joined: Apr 2006
Posts: 14,999 |
I don't invest in Silver. I "invest" in lead and powder. If you have plenty of lead and powder when SHTF, you will be able to get all the silver you want. 
The Mayans had it right. If you�re going to predict the future, it�s best to aim far beyond your life expectancy, lest you wind up red-faced in a bunker overstocked with Spam and ammo.
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Joined: Nov 2011
Posts: 30,997
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2011
Posts: 30,997 |
How low can silver go ?
Yesterday silver closed at $15.95 and was just wondering if its a good time to buy ?
And yes ... no one has a crystal ball. Gold and Silver will continue to move with the dollar. Dollar up, gold and Silver down. The Euro and Yen are selling off retaliative to the dollar and precious metals, and Japan is starting another round of it's on QE. One current play is to be long the Japanese stock market, and shot the yen. Also, on an earnings basis, perhaps the cheapest market in the world right now is Russia. Having just moved back from Japan after almost 24 years, I am bearish on investments there, based on a long recent history of extremely bad government judgments and declining demographics. As for Russia, as Jack Bogle says (and I repeat on my web site), there is a reason for investment there being so cheap: the risk factor is atrocious. The same with Greece. As Bogle says, "they win!" He further notes that if you want to invest in foreign markets, play it safe and invest in US multinationals. They typically have over half of their business in foreign markets and have learned how to handle the various risks. Over time, you will do far better than trying to go on your own. U.S multi-national report their earning in dollars. The strong dollar hurts their exports and they get hit by the currency conversion as well. As for Japan, you are just playing the QE, it's not a long term play.
You didn't use logic or reason to get into this opinion, I cannot use logic or reason to get you out of it.
You cannot over estimate the unimportance of nearly everything. John Maxwell
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Joined: Mar 2011
Posts: 33,856
Campfire 'Bwana
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Campfire 'Bwana
Joined: Mar 2011
Posts: 33,856 |
Hedge against the dollars collapse? I guess you haven't been paying attention to what direction the dollar's been going lately... I always thought you too smart to consider lately as the future. Sorry.
The tree of liberty must be refreshed from time to time by the blood of patriots and tyrants.
If being stupid allows me to believe in Him, I'd wish to be a retard. Eisenhower and G Washington should be good company.
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