"I'll take that bet"

[beauanderos]

It's well known on this forum that there just isn't another member who is more bullish on where silver prices are headed. How fast we get there? How high can we go? Those are questions subject to debate and, on a day-to-day basis, support can generally be found to back any of the three contentions (headed higher, trading sideways, soon to drop/unsustainable). I don't think anyone doubts that silver is eventually headed much, much higher than at present, as the United States is unable to repay/service its debt obligations and further quantitative easing is a certainty, adding rapidly to the accelerating dilution of our purchasing power, leading eventually to hyperinflation. Okay, blah, blah, blah. I know. So what bet am I talking about? I think silver is headed towards breaking it's all time record, and it will do it this year during the traditionally strong spring seasonal period. We could double from here before a pullback in the summer, but by year's end I am going on record as stating we will see triple digit silver. I'm already subject to good-natured ridicule on this forum for my views... so feel free to add your mockery to the following posts. So how am I preparing for this rise in prices? In poker parlance, I'm "all in."
I just picked up 225 ounces of fractionals from Golden State Mint at a price per ounce of $37.10. (I wanted some .999 fracs, already have plenty of junk). Expensive now, sure. But well worth the price, in hindsight, from where prices will be at the end of the year.

[scrapper2010]

I'll send you a Morgan if it hits triple digits this year, if not you send me a quarter (silver).

[tbram88]

I like fractionals too and will be buying some soon . Have you ever seen these? http://www.qualitysilverbullion.com/index.php?route=product/product&path=41&product_id=69

@35 EA today

Bob.

[beauanderos]

I like fractionals too and will be buying some soon . Have you ever seen these? http://www.qualitysilverbullion.com/index.php?route=product/product&path=41&product_id=69

@35 EA today

Bob.

Those are nice looking, and might be functional when silver prices rise significantly, but I just can't help but thinking that the edges and points would be sharp and tend to poke you in places you don't want to be poked when carried in pockets.
I did, however, pick up fifty ounces of the walking liberty half ouncers (gorgeous, btw) for $9.96 per... back when silver was at $17.90 or so. Seemed expensive then, not so much now.

[Country]

I've gone on record that I think the current SILVER drive higher will break the all time highs of 1980 ($51) on this runup. It should be similar to the 82% rise that SILVER had starting in late August ($17) and running up to $30 by the end of 2010. That took four months. So, if this runup takes place, we should see that transpire by sometime in May of this year.

Now, I'm not so sure that we will hit "TRIPLE DIGITS" after a new ALL TIME HIGH is made. I'm not saying it won't happen, but I'd like to see how strong SILVER is once it breaks the old all time high before I get a good feeling about it. However, NEW ALL TIME HIGHS FOR SILVER - NICE!!!

I haven't bought any .999 SILVER fractionals. My 90% SILVER dimes fufill that just fine for me.

[beauanderos]

I've gone on record that I think the current SILVER drive higher will break the all time highs of 1980 ($51) on this runup. It should be similar to the 82% rise that SILVER had starting in late August ($17) and running up to $30 by the end of 2010. That took four months. So, if this runup takes place, we should see that transpire by sometime in May of this year.

Now, I'm not so sure that we will hit "TRIPLE DIGITS" after a new ALL TIME HIGH is made. However, NEW ALL TIME HIGHS FOR SILVER - NICE!!!

I haven't bought any .999 SILVER fractionals. My 90% SILVER dimes fufill that just fine for me.

Okay... I'd be willing to share the title of "most outrageous claims for silver" with you, Bill

[blackrabbit]

I like the way you guys think! I don't think we'll hit 100 dollars this year but I hope i am wrong. I could see 50 bucks possibly, but even at that point I would be

[scrapper2010]

I'd like to see silver at $20 for the next five years, then spike to $100 and beyond.

[franklin]

If we see triple digits anytime soon, my belief is that things have gone terribly wrong around us and overseas. For that reason, I don't look forward to it but then I have not gotten into accumulation to flip PMs.
Regarding fractionals, they are appealing but the premiums that apply, esp. when you convert them to a full ounce equivalent, are pretty doggone high. Most are applied "per coin" until you get to a coin like the Mexican 50 peso Gold which weighs over an ounce and then the premium is usually "per ounce". Like Country stated, the dimes look nice instead of silver fractionals.

[oktyabyr]

I'd like to see silver at $20 for the next five years, then spike to $100 and beyond.

I agree here. Maybe not as long at $20 silver. But I'd like more time to acquire more of a stash. Then I'd love to see it skyrocket.

[Jonflyfish]

I'd like to see silver at $20 for the next five years, then spike to $100 and beyond.

I agree here. Maybe not as long at $20 silver. But I'd like more time to acquire more of a stash. Then I'd love to see it skyrocket.

Unfortunately, we can't tell the market what to do. The good news is that it can tell us what to do.

Cheers!

[TXBullion]

i didnt know it but englhard made 1/2 ouncers. Ive bought a couple of those before

[oktyabyr]

I'd like to see silver at $20 for the next five years, then spike to $100 and beyond.

I agree here. Maybe not as long at $20 silver. But I'd like more time to acquire more of a stash. Then I'd love to see it skyrocket.

Unfortunately, we can't tell the market what to do. The good news is that it can tell us what to do.

Cheers!

I think we'd all be happy if we could at least predict it. Or someone knew. We would all be rich by now.

[Jonflyfish]

You don't have to predict the market in order to trade it profitably. The future is unknowable but you can still make a fortune.

[TXBullion]

You don't have to predict the market in order to trade it profitably. The future is unknowable but you can still make a fortune.

Is that a deeper comment than it looks on the surface? Care to elaborate

[barrytrot]

You don't have to predict the market in order to trade it profitably. The future is unknowable but you can still make a fortune.

Or make someone else's

[Jonflyfish]

You don't have to predict the market in order to trade it profitably. The future is unknowable but you can still make a fortune.

Is that a deeper comment than it looks on the surface? Care to elaborate

What I mean by that is that nobody can accurately predict the future but there are fortunes made by trading trends and momentum swings from their beginning stages until they end.
When they end is anybody's guess. By using the proper tools and techniques, you can know when you are there with a high degree of confidence.

[Jonflyfish]

You don't have to predict the market in order to trade it profitably. The future is unknowable but you can still make a fortune.

Or make someone else's

The media likes to call that "profit taking" but for many it is simply "profit giving"

[TXBullion]

You don't have to predict the market in order to trade it profitably. The future is unknowable but you can still make a fortune.

Is that a deeper comment than it looks on the surface? Care to elaborate

What I mean by that is that nobody can accurately predict the future but there are fortunes made by trading trends and momentum swings from their beginning stages until they end.
When they end is anybody's guess. By using the proper tools and techniques, you can know when you are there with a high degree of confidence.

That makes sense. Ive never been the one to analyze trends, charts , and predict. I suppose its good to do if you plan on doing some flipping. I keep meaning to flip some silver and "profit take" but I think until a better opportunity calls for capital there is no need at this time. Hopefully I will be working up something though

[BamaJoe]

I think $50 this year is a no brainer. Under the right conditions (or wrong for the nation as a whole) I can see it much higher. Silver is going to be a buy for a long time, at least thru QE 12.

[IdahoCopper]

You don't have to predict the market in order to trade it profitably. The future is unknowable but you can still make a fortune.

I just clamp my handy Time Pinch onto the co-ax cable to my modem. Then set it 90 minutes ahead so I can trade with data that won't occur for an hour and a half. LOL!