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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: 11842
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.
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.
Ummm, yyyyyyeah.... Actually the dollar was lower in '92 and '95 than its recent lows in 2004. And since late '04, it's been going up, not down. But thanks for playing. Link: http://www.futuresource.com/charts/charts.jsp?s=DX&o=&a=M&z=800x550&d=medium&b=bar&st=
#17. To: Indrid Cold (#14)
Hey, if you want to hold on to green paper printed by the most hated nation on Earth, then more power to you. But I'm not taking that gamble.
The CPI was about 140 in 1992. The average thing costs about 42% more now than it did in 1992. The only reason you don't see the dollar's weakness on that chart is because the dollar is being compared to other currencies which are also losing their purchasing power. Things generally cost more. Silver is a thing. In 1964 the 90% silver quarter had 25 cents worth of silver in it. In 2006 that same 90% silver quarter has $1.88 worth of silver in it. That's mostly just 42 years of inflation. Inflation averaged 4.5% per year over the period, and silver has averaged 5%. It had an incredible run up during the 70s bull market in precious metals and an incredible hardship during the 80s and 90s secular bear market in precious metals. There's a decent chance it might actually be fairly valued right now. Time will tell.
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?
#13. To: Indrid Cold (#12)
I wouldn't be surprised if we had $4.00/oz silver within 2 years.
#14. To: RickyJ (#13)
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.
Replies to Comment # 14.
#19. To: Indrid Cold (#14)
Actually the dollar was lower in '92 and '95 than its recent lows in 2004.
The CPI is now 198.7.
End Trace Mode for Comment # 14.