$5 or $50

[messymessy]

I voted $5, but then realized that if it only stayed there for a week, there's NO WAY I'd be buying anything at $5. I wouldn't be able to find anyone willing to sell at that price.

[Rodebaugh]

$5 gets my vote........stack bricks rather than rounds.

[shinnosuke]

I voted $5, but then realized that if it only stayed there for a week, there's NO WAY I'd be buying anything at $5. I wouldn't be able to find anyone willing to sell at that price.

But messy, only you know it's going up in a week. The seller only knows that the bottom dropped out of the price of silver. See...there are great benefits to joining realcent. Are you lurkers paying attention?

[HoardCopperByTheTon]

Pretty sure I still have some $5 silver in the hoard. Would like to get a bunch more at that price.

[Recyclersteve]

I haven't read all the responses yet, but want to share some thoughts. I will refrain from giving my personal opinion or age, because that is not important here.

What would have been quite interesting (but much more complicated to produce) would be to see a poll with ages of the voters included. In other words, someone who is older and retired and heavily into silver already might be more likely to vote for $50, as they may not be able to stomach a collapse to $5. Also, think about trying to explain to your future heirs why silver is a great investment and they just see a senile old person who had a chance to sell for $49 in 2011 only to let it fall to $5.

Someone who is in their 20's or 30's, understands the story behind silver (including the paper vs. physical aspect of silver), and doesn't have much of a stack, might just cherish the opportunity to buy anywhere near $5 an ounce.

This is an incredibly interesting scenario. What if silver took the huge dive and then, all of a sudden, a big industrial user like Ford, Dupont or Apple said they were having a hard time getting enough silver to produce their products and might have to halt production until more could be located? If silver went to $5, lots of mining companies would presumably close mines (in reality, this could happen long before silver went as low as $5/oz. because the miners would presumably be losing money).

Silver mining stocks could be decimated, but then again silver is often a byproduct of other metals such as zinc, copper, lead and gold, so that complicates things even more. Nonetheless, if you owned metals mining stocks on margin, you could be absolutely crushed.

If silver went to $50, there would be those who would remember it getting oh so close to that price in late April, 2011 who would be talking about a double-top pattern and selling and/or shorting silver. There would be others saying we are so close to a breakout to an all-time high that if we hit it, silver will continue to run in a big way and the shorts will be crushed.

I'm sure there are a number of other potential factors that I am not considering here. Nonetheless, what a great question!

[Numis Pam]

+1RecyclerSteve... and Welcome to RC!!!

[HoardCopperByTheTon]

Welcome to the forum RecyclerSteve. Excellent first post!

[neilgin1]

I haven't read all the responses yet, but want to share some thoughts. I will refrain from giving my personal opinion or age, because that is not important here. What would have been quite interesting (but much more complicated to produce) would be to see a poll with ages of the voters included. In other words, someone who is older and retired and heavily into silver already might be more likely to vote for $50, as they may not be able to stomach a collapse to $5. Also, think about trying to explain to your future heirs why silver is a great investment and they just see a senile old person who had a chance to sell for $49 in 2011 only to let it fall to $5. Someone who is in their 20's or 30's, understands the story behind silver (including the paper vs. physical aspect of silver), and doesn't have much of a stack, might just cherish the opportunity to buy anywhere near $5 an ounce. This is an incredibly interesting scenario. What if silver took the huge dive and then, all of a sudden, a big industrial user like Ford, Dupont or Apple said they were having a hard time getting enough silver to produce their products and might have to halt production until more could be located? If silver went to $5, lots of mining companies would presumably close mines (in reality, this could happen long before silver went as low as $5/oz. because the miners would presumably be losing money). Silver mining stocks could be decimated, but then again silver is often a byproduct of other metals such as zinc, copper, lead and gold, so that complicates things even more. Nonetheless, if you owned metals mining stocks on margin, you could be absolutely crushed. If silver went to $50, there would be those who would remember it getting oh so close to that price in late April, 2011 who would be talking about a double-top pattern and selling and/or shorting silver. There would be others saying we are so close to a breakout to an all-time high that if we hit it, silver will continue to run in a big way and the shorts will be crushed. I'm sure there are a number of other potential factors that I am not considering here. Nonetheless, what a great question!

and a great post. Welcome bud! neil

[shinnosuke]

Steve, the Recycler, Gosh, I am kind of honored you came out of lurking mode and joined the forum to respond to my poll. You brought up some very good points, most of which I hadn't considered when I started this thread. I hope you'll contribute again and share some more wisdom.

[Treetop]

I voted for 50. Not so I could profit from my holdings, but so I can get more. Last time we bought silver was around 34 or so. Obviously it is down alot since then and my wife cut me off. If it went to 5, I might be cut off FOREVER. If it went to 50, Id be "vindicated" and Id probably get the green light again. My silly wife is convinced we have enough silver. Im not sure thats possible and after the boating accident and the fire we have almost nothing anyway so Im not sure how she comes to this conclusion.

[SoFa]

This reminds me of the commercials where a guy asks three kids "What's better, more or less?" or "What's better, faster or slower?".

I voted for more ($50). But if it only stayed there a week, I don't know how much I would benefit.

[neilgin1]

don't worry!

Shinn!....sensei GA!!! YOSH!!!

Silver is going to $130......cmon....easy...patience.....and Tree?....give me your number, i'll talk to the wife, set her straight for ya, don't worry. I know just what to say, basically..."sweetheart....we're men, this is man's business, we know what we're doing, I love you, but don't worry your pretty head over this....okay baby?.......now be a love, and make me some meatloaf and mashed potatoes."

handled right?...you're good to go.

what?.....well.....yeh, she divorced me...I know.

truth be told....Neanderthal DNA was found in my blood, what can I say?....nature versus nuture.

[fansubs_ca]

I think my answer would depend on whether I got advance warning to raise cash first.
Can't take advantage of $5 silver unless I actually had some cash to buy more with. ^_-

[shinnosuke]

I think my answer would depend on whether I got advance warning to raise cash first.
Can't take advantage of $5 silver unless I actually had some cash to buy more with. ^_-

Now that's not fair. The price change just happens. No advance warning. (Making up the rules as I go along.)

[Sheikh_yer_Bu'Tay]

I voted for $50. At $5 the mining industry would collapse. Silver would not be in demand. At $50 the miners would increase production. Silver would be more popular. More people would buy it.... Also, the counterfeiters would ramp up production, too. Counterfeit coins would make the real stuff even more valuable.

[scyther]

I voted for $50. At $5 the mining industry would collapse. Silver would not be in demand. At $50 the miners would increase production. Silver would be more popular. More people would buy it.... Also, the counterfeiters would ramp up production, too. Counterfeit coins would make the real stuff even more valuable.

I disagree... I think it would make people afraid to buy it. I know it's scared me away from buying silver that isn't freshly minted.

[Sheikh_yer_Bu'Tay]

I voted for $50. At $5 the mining industry would collapse. Silver would not be in demand. At $50 the miners would increase production. Silver would be more popular. More people would buy it.... Also, the counterfeiters would ramp up production, too. Counterfeit coins would make the real stuff even more valuable.

I disagree... I think it would make people afraid to buy it. I know it's scared me away from buying silver that isn't freshly minted.

Of course you disagree! You are a contrarian thru & thru scyther! (Now watch, scyther will disagree with me again! )

[shinnosuke]

In as much as gold tracks silver or visa versa, I offer the following for some historical perspective:

24 hr composite.jpg (27.27 KiB) Viewed 268 times

So how will this piece of info affect your purchasing patterns? Or is it different this time.

See the article here:
http://www.zerohedge.com/news/2013-08-1 ... u-are-here

[Rosco]

Voted $5.00 as I hope to stack more soon