Silver shines but equities decline (Silver breaks $10/ounce! 22-year high!)

Yahoo/Financial Times ^ | 3-2-06 | Dave Shellock

[Atlas Sneezed]

The prospect of further rises in interest rates in the eurozone unnerved both equity and bond markets on Thursday.

...

The price of silver rose to a fresh 22-year high above $10 an ounce amid expectations that a silver exchange-traded fund would soon receive US regulatory approval.

[Atlas Sneezed]

http://www.kitco.com/charts/livesilver.html

[Petronski]

But what will secure your assets in times of trouble?

A BAHOG!

[Petronski]

Ore . . . uh, I mean Or a:

A BAHOS!

[TheSpottedOwl]

Bump! I would love to see the replies to this thread.

[commish]

Anyone know what the Hunt's are up to these days????????

[ndt]

As a general investing rule I avoid buying something that is at a 22 year high. This is especially true when talking about commodities like silver that have no possibility of growth, an ounce of silver will always be an ounce of silver.

[TEEHEE]

The miners were appropriately enthusiastic today. SLW continues onward and upward.

[redhead]

Does anyone remember what silver was selling for in 1999?

[Mr Cobol]

Got all mine for under 4.00 and stopped buying in 2002.

[ndt]

$5.25 +- 75 cents or so

[ndt]

this is probably better.

[Mr Cobol]

Interesting chart but I know what I paid for mine and I never paid over 4.00 and I bought a LOT of it. I followed KITCO daily and bought from Rockey Mtn. Coin.

Charts just don't ring true but I'm not going to doubt them, I know I'll triple my money at 12.00.

[Cicero]

Yes, Silver Wheaton is doing very nicely. I also like Avino Silver & Gold among the juniors.

[ndt]

"Charts just don't ring true but I'm not going to doubt them"

I just came up with that from a search so I'm not vouching for it. I'm not a metals guy myself, though I do have some mining stocks.

To me metals have an inherent problem when using them like investments. A small company can get bigger and bigger and bigger, but metals never change, you always have what you have. It's value will fluctuate, but never to the degree that a corner coffee shop can become the next Starbucks.

I'm not knocking them either. As a dollar devaluation hedge they make perfect sense, I'm just playing other cards for that.

[Conservative Firster]

I can hear all the radio infomercials-"Now is the time to buy silver!, Experts say silver is on the way to one hundred dollars an ounce!, Call now!"

(Fine print:All silver sales have a 10% commission)

---

William Jennings Bryan

"You shall not press down upon the brow of labor this crown of thorns, you shall not crucify mankind upon a cross of gold."

[antaresequity]

A stock can go to zero...silver, gold or any commodity for that matter will ALWAYS have value...

Physicals are by nature not derivitives...they are the antithisis of the 'fiat' concept...

We are 3-5 years into the next great commodity bull market...that should last about 17 years...

All commodities are going to go up for the next decade...

Derivitives will suffer...but basic goods harvesters and processors will do the best of all the paper assets...

[TEEHEE]

Wild times. Hope your investing is well-rewarded.

[antaresequity]

[Mr Cobol]

I hear ya. I was buying 100 oz. silver bars for around 385.00. It may be the charts reflect Silver Eagles and not bullion.

I did pay a premium for the Eagles.

[antaresequity]