Inflation rises along with PM's. Enjoy the ride.
Silver Price Performance USD
Change Amount % Today +1.84 +3.04%
30 Days +7.09 +13.26%
6 Months +24.34 +67.19%
1 Year +29.61 +95.67%
silverprice.org - 09:51 NY Time
Silver’s done great, but the “Silver Academy” might not be a particularly unbiased source.
“Why This Time Is Different”
Each time is always different.
Crypto, meanwhile . . .
Move over Parabolic....
Make room for Hyperbolic.
Silver is a small market. It doesn’t take much for big hedge funds or national money (or a country like China) to send it to the moon.
It IS strategic though, so its also not replaceable, and its been in deficit for the last 7 years.
IBTG
IBTS
IBCF
I have talked about buying silver for several months now. I was mocked by several here on FR, but I have stuck with it.
With the current drop in interest rates, and the probable drop next year—there will be more upward pressure on gold and silver prices.
we are having to sell our sterling for cash...so far odd and ends but we do have flatware if big emergencies arise.
Looking forward to the presidents two thousand dollar - after new yr
They show the big gains, but ignore the big losses.
Adjusted for inflation, silver is about half what it was at the 1980 peak, and about what it was at the 2011 peak.
This hype has a huckster flavor to it.
63.885
quote price arrow up+2.856 (+4.68%)
I have actively invested in silver since 2002.
Unlike the two prior silver booms when silver went above $50 and then crashed, this boom feels different.
My technicals that I rely upon show little reason for a crash as silver is now at $64 on the Mar 26 futures contract.
Chart: Silver spot compared to S&P 500:
https://curvo.eu/backtest/en/compare-indexes/silver-bullion-vs-sp-500?currency=eur
Works for me! Gonna cash in some silver and buy new windows for my house (we’ll install them ourselves) and a new/used smaller 4WD vehicle for myself. That F-150 is just too big for me. I can’t park it worth shiite and it’s a PITA for grocery shopping and getting in and out of it.
Been sitting on Silver for 20 years, now. I remember Dad doing handstands when it his $30/oz. Wish he were here to share it with me. :(
If you would like to be on the Gold & Silver PING LIST, please pm me.
The Gold & Silver Ping List covers the following:Everything Gold & Silver
Stock market investments in mining companies,
etc.
PING!
Silver just went over $64 oz.
My mining stocks are up anywhere from 2% to 10%.
I’m finally net positive with the Silver I have purchased. My wife thinks I should sell it. I won’t, it is one of those things I will give to my descendents.
That’s because it’s not the value of a commodity rising, it’s the value of the dollar diminishing.
When was a kid in the mid 1960s, several of the local merchants would happily give me and my friends five beautiful Morgan silver dollars in exchange for a five dollar bill. The kindly owner of the Mobile station across the street had a save full of them, which he said were too heavy and inconvenient.
Or, perhaps he was impressed that we valued the silver and traded them out of kindness.
Anyway, I thought the coins were beautiful and my parents were both precious metal enthusiasts - although they never had enough savings to invest anything significant.
For several summers, I’d mow lawns and exchange a $5 for the coins each week.
I collected 120 of them during that period, which I still have sixty years later. I’ve never had them appraised, but assuming I have none of the super valuable ones, and only a few that are heavily worn, I expect they are worth more than their melt value - which would be about 120*61*.75, or $5400.
Now, I have a lot more silver than that, which I purchased 10 years ago at $15 per ounce - but the Morgans I collected when I was around 13 are my favorites.
