Silver just broke $29 again

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

Please Note: These articles are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.

Silver just broke $29 again

Postby slickeast » Fri Dec 03, 2010 8:47 am

Looks like all PM's are taking off today...i wonder where they will land?
You don't have to be the BEST you just have to be....... SLICK
User avatar
slickeast
Too Busy Posting to Hoard Anything Else
 
Posts: 6042
Joined: Thu Jan 08, 2009 3:00 pm
Location: South Carolina

Re: Silver just broke $29 again

Postby helix_rider » Fri Dec 03, 2010 9:01 am

Too early to tell where it will land, i'll have to check the spot prices later today.

Overall Silver is still on an upward trend, should've bought more when it was cheaper. :cry:
Rob

Life on 2-wheels, nothing else comes close.
User avatar
helix_rider
 
Posts: 16
Joined: Thu Nov 18, 2010 6:35 am

Re: Silver just broke $29 again

Postby beauanderos » Fri Dec 03, 2010 9:19 am

Seems like it's frequently at it's highest at the open, before The Boyz bring it down. But incremental gains are fine by me, we don't have to pop to the upside all at once. Go Silver! Image
The Hand of God moves WorldsImage
User avatar
beauanderos
Too Busy Posting to Hoard Anything Else
 
Posts: 9827
Joined: Wed Oct 14, 2009 10:00 am

Re: Silver just broke $29 again

Postby tebam11 » Fri Dec 03, 2010 10:29 am

I was able to pick up 4 oz. yesterday. 2 coins and 2 bars for 28.40 each!!!!! ;) :mrgreen:
tebam11
 
Posts: 33
Joined: Tue Oct 19, 2010 6:21 pm

Re: Silver just broke $29 again

Postby Country » Fri Dec 03, 2010 10:46 am

More unemployment reported this morning (9.8%) = more government spending = weaker dollar = $30+ SILVER REAL SOON. 8-)

GOLD $1408 - SILVER $29.27; BOTH CLIMBING HIGHER... :mrgreen:
Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect. ~Chief Seattle, 1855
User avatar
Country
Realcent Moderator
 
Posts: 7708
Joined: Mon Mar 23, 2009 3:00 pm
Location: Virginia, USA

Re: Silver just broke $29 again

Postby 999Ni » Fri Dec 03, 2010 11:39 am

Country wrote:More unemployment reported this morning (9.8%) = more government spending = weaker dollar = $30+ SILVER REAL SOON. 8-)

GOLD $1408 - SILVER $29.27; BOTH CLIMBING HIGHER... :mrgreen:


Agreed!
Ron Paul 2012!

Image
999Ni
Penny Pincher Member
 
Posts: 205
Joined: Thu Nov 25, 2010 10:04 pm
Location: With My Metals

Re: Silver just broke $29 again

Postby slickeast » Fri Dec 03, 2010 5:03 pm

I just don't think it will hold at these prices. I think it will drop to the low 20's just as fast as it jumped up.
You don't have to be the BEST you just have to be....... SLICK
User avatar
slickeast
Too Busy Posting to Hoard Anything Else
 
Posts: 6042
Joined: Thu Jan 08, 2009 3:00 pm
Location: South Carolina

Re: Silver just broke $29 again

Postby SteelCityCopper » Fri Dec 03, 2010 5:13 pm

slickeast wrote:Looks like all PM's are taking off today...i wonder where they will land?


Hopefully in my stash! Can't wait to break $30 then its off to the races... I think its still a great time to buy. Its funny to think back to $10 and $15 silver... Many wouldn't think of buying at $20±. You'd be ahead of the game though if you did.
Jason
- JPM doesn't determine our prices, the market does -
Steel City Copper
http://www.steelcitycopper.com
Image
User avatar
SteelCityCopper
Penny Pincher Member
 
Posts: 115
Joined: Thu Mar 25, 2010 3:00 pm
Location: Pittsburgh, PA

Re: Silver just broke $29 again

Postby justoneguy » Fri Dec 03, 2010 5:41 pm

I wasn't informed enuf to buy silver cheaper.
i say cheaper, because even tho my silver buys are averaging 20x,
i think it's going way higher.
in case my family ever has to cash it in without me,
i'm putting notes in with it,what it is, what i paid what the ten dollars
that i spent on halves would have bought at the time,
ie. a movie ticket or 5 loaves of bread etc.
We can ignore reality but we can’t ignore the consequences of ignoring reality.


The truth will set you free,
but first it's really going to piss you off.
User avatar
justoneguy
1000+ Penny Miser Member
 
Posts: 1592
Joined: Tue Aug 10, 2010 10:00 am
Location: Colorado 80004

Re: Silver just broke $29 again

Postby slvrbck » Fri Dec 03, 2010 5:43 pm

I like that idea oneguy. . . especially for those guys who bury the stuff or hide it in their walls.

By the way silver is consistently selling for over 30$ on feebay this evening!!!
Soooo... Is it just me or is a chart of US debt looking dangerously parabolic?
slvrbck
Penny Collector Member
 
Posts: 268
Joined: Sun Sep 19, 2010 9:58 pm

Re: Silver just broke $29 again

Postby Thogey » Fri Dec 03, 2010 6:23 pm

slickeast wrote:I just don't think it will hold at these prices. I think it will drop to the low 20's just as fast as it jumped up.



15-20 would be awsome. These high prices are painful. I'm still buying though.

It's a compulsion. I feel like there in no choice, except for copper hoarding.
If I have the gift of prophesy, and know all mysteries and all knowledge, and if I have all faith, so as to move mountains but do not have love I am nothing. And if I give all my possessions to feed the poor, and if I surrender my body to be burned but do not have love it profits me nothing.
User avatar
Thogey
Too Busy Posting to Hoard Anything Else
 
Posts: 8505
Joined: Sun Dec 06, 2009 3:00 pm

Re: Silver just broke $29 again

Postby slvrbck » Fri Dec 03, 2010 6:32 pm

I remember about six mths ago a guy at work told me not to worry, gold would soon be back down aroud 600$. I didnt believe him then and I really dont think we will ever see 15$ silver ever again.
Soooo... Is it just me or is a chart of US debt looking dangerously parabolic?
slvrbck
Penny Collector Member
 
Posts: 268
Joined: Sun Sep 19, 2010 9:58 pm

Re: Silver just broke $29 again

Postby Thogey » Fri Dec 03, 2010 7:01 pm

slvrbck wrote:I remember about six mths ago a guy at work told me not to worry, gold would soon be back down aroud 600$. I didnt believe him then and I really dont think we will ever see 15$ silver ever again.



Whenever I hear this opinion from people they always refrence the PM run up of 1979-1980.
If I have the gift of prophesy, and know all mysteries and all knowledge, and if I have all faith, so as to move mountains but do not have love I am nothing. And if I give all my possessions to feed the poor, and if I surrender my body to be burned but do not have love it profits me nothing.
User avatar
Thogey
Too Busy Posting to Hoard Anything Else
 
Posts: 8505
Joined: Sun Dec 06, 2009 3:00 pm

Re: Silver just broke $29 again

Postby fb101 » Fri Dec 03, 2010 9:02 pm

I used to think Silver would make 30 by end of year and then collapse back to the teens, I think the range will be higher, but I'm giving up on predicting the range.
User avatar
fb101
Too Busy Posting to Hoard Anything Else
 
Posts: 4039
Joined: Mon May 05, 2008 3:00 pm
Location: Phila suburbs

Re: Silver just broke $29 again

Postby Country » Fri Dec 03, 2010 10:07 pm

I have to admit - this has been one nice uptrend for SILVER. I haven't seen anything like this in 30 years. It seems as if PMs have been smartly consolidating near each high point, letting the overbought excess abate, and then GOLD and SILVER seem to be making another move up. It's a nice secular bull pattern. It's sort of like getting used to 10X face, then 15X face, and now 20X face. Will we get used to 30X face or 50X face in the next year, just as we got used to 10X and 15X face? It's going to be interesting. The exponential rise has yet to be.... :mrgreen:
Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect. ~Chief Seattle, 1855
User avatar
Country
Realcent Moderator
 
Posts: 7708
Joined: Mon Mar 23, 2009 3:00 pm
Location: Virginia, USA

Re: Silver just broke $29 again

Postby misteroman » Fri Dec 03, 2010 10:55 pm

Thogey wrote:
slickeast wrote:I just don't think it will hold at these prices. I think it will drop to the low 20's just as fast as it jumped up.



15-20 would be awsome. These high prices are painful. I'm still buying though.

It's a compulsion. I feel like there in no choice, except for copper hoarding.

$15 silver and I think I'll start selling some properties and stockpiling for sure :D
misteroman
Too Busy Posting to Hoard Anything Else
 
Posts: 4333
Joined: Sun Feb 17, 2008 10:00 am
Location: WNY


Return to Silver Bullion, Gold, & other Bullion Metals

Who is online

Users browsing this forum: No registered users and 0 guests