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Title: 22 Year High Today: Ag
Source:
Kitco.com
URL Source: http://www.kitco.com/charts/livesilver.html
Published: Mar 21, 2006
Author: buckeroo
Post Date: 2006-03-21 21:48:34 by buckeroo
Keywords: Today:, Year, High
Views: 10512
Comments: 53
Poster Comment:
Good news for some of us. For the rest of you fine people, its going up so buy all you can.
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#1. To: buckeroo (#0)
I didn't see a disclaimer there saying that your post did not constitute financial advice, so if I buy a pile and it goes down, then I can sue you. Sell, sell, sell! Nobody wants to be long on anything at a 22-year high--take the money and run!
Did you sell your house? Is its price not higher than it was 22 years ago?
C'mon, Mark, don't give me that. Silver is MUCH more volatile than real estate. RE goes down, sure, sometimes dramatically (Flint, MI), but typically it's on a fairly steady upward jag. Silver goes way the fuck up, then way the fuck down. I wouldn't be surprised if we had $4.00/oz silver within 2 years. And I *hate* real estate, BTW. Too illiquid.
#13. To: Indrid Cold (#12)
I wouldn't be surprised if it was 40 dollars and ounce within two years. It's not that silver, gold, or anything else will actually be gaining any value over this time, but that the dollar will be crashing in value.
C'mon, Mark, don't give me that. Hey Indrid, I was just messin' with you. You did say you didn't want to be long on ANYTHING at a 22-year high. ;) Just because precious metals stank for 20+ years, does not mean they can't keep up with inflation at some point. They did enter a bubble in the 1970s. This is true. People lost confidence in US dollars. It is very hard for any of us to say when the last remnants of that bubble are gone. It is safe to say that those that bought silver at the peak around 1980 have lost, even at today's prices, 90% of their investment (adjusted for inflation). It was a lousy investment. However, people are clearly losing confidence in US dollars again. Where or how it ends only hindsight will tell us. We've got $9 trillion in debt, tens of trillions in long-term obligations, our trade deficit is approaching $1 trillion annually, and we're sending our money to the very people who love gold and silver. Further, we're fighting a "forever war" and wars are typically inflationary. Silver might correct, probably even correct, but back to $4? I guess we'll just have to wait and find out. I don't believe our dollar is getting stronger. I believe the other currencies are actually getting weaker. It is all relative and we are now in competitive devaluation mode. There is the risk that we'll someday be using wheelbarrows full of cash to buy bread. We wouldn't be the first country to do it. All it would take is never ending deficit spending, a concept our government feels all too comfortable with. That's just my 2 cents.
Top • Page Up • Full Thread • Page Down • Bottom/LatestFor the rest of you fine people, its going up so buy all you can.
#9. To: Indrid Cold (#1)
Sell, sell, sell! Nobody wants to be long on anything at a 22-year high--take the money and run!
#12. To: markm0722 (#9)
Did you sell your house? Is its price not higher than it was 22 years ago?
Replies to Comment # 12. I wouldn't be surprised if we had $4.00/oz silver within 2 years.
#15. To: Indrid Cold (#12)
Did you sell your house? Is its price not higher than it was 22 years ago?
End Trace Mode for Comment # 12.