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| Survival/Preparedness Forum Hurricane, flood, tornado, little green men from mars. Are You prepared? |
09-10-2006, 03:34 PM
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#1 (permalink)
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Administrator
Join Date: Feb 2004
Location: Was Germany, now Ohio
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What do you think the silver market will do?
Some say it is a good idea to have some sort of precious metal for preparedness/economic reasons. Gold is nice - but costly. Silver seems to be doing better than it was last year, and I have read where the price of silver will keep going up. Do you all feel it will go up or stay around where it is at? If you feel it will go up, how high do you think it will go? $20/oz., $40/oz, or more? Just curious what everyone thinks.
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"To show you how radical I am, I want carjackers dead. I want rapists dead. I want burglars dead. I want child molesters dead. I want the bad guys dead. No court case. No parole. No early release. I want 'em dead. Get a gun and when they attack you, shoot 'em."
Ted Nugent - speaking at the NRA convention April 17, 2005
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09-10-2006, 04:35 PM
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#2 (permalink)
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Lurking Troll Camper
Join Date: Aug 2005
Location: Central Texas
Posts: 159
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Silver will keep going up due to the weak devaluation inflationist dollar policy of the Federal Reserve and the US Government they own. All commodities will go up in value, demoninated in USD. You cannot go wrong, long term, holding value asset metals such as Silver.
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09-10-2006, 10:22 PM
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#3 (permalink)
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Gunco Regular
Join Date: Oct 2005
Location: Bleeding Kansas
Posts: 510
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Quote:
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Originally Posted by UrbanCountryBumpkin
Silver will keep going up due to the weak devaluation inflationist dollar policy of the Federal Reserve and the US Government they own. All commodities will go up in value, demoninated in USD. You cannot go wrong, long term, holding value asset metals such as Silver.
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There's increasing competition for most all commodities/resources. I would like to invest in more than just lead & copper.. 
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"Remember the Alamo"!
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09-10-2006, 04:49 PM
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#4 (permalink)
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Administrator
Join Date: Dec 2004
Posts: 4,996
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with the decline of phototography, mainly in medical imaging due to digital technology silver is not in demand as it once was. imaging was at least 50% of the use for the metal, with out it the demand is lessened and the price has stagnated due to lower demand.
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09-10-2006, 07:02 PM
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#5 (permalink)
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Moderator
Join Date: Oct 2005
Location: Ocala, Fl
Posts: 4,690
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That is interesting to hold some Precious metals for curency if SHTF. Had not thought about that.
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09-10-2006, 08:42 PM
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#6 (permalink)
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Administrator
Join Date: Feb 2004
Location: Was Germany, now Ohio
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ptannjr - the silver eagles and the silver maple leafs seem to be popular. Not only from a collectable standpoint - but also from the purity of the silver in them.
__________________
"To show you how radical I am, I want carjackers dead. I want rapists dead. I want burglars dead. I want child molesters dead. I want the bad guys dead. No court case. No parole. No early release. I want 'em dead. Get a gun and when they attack you, shoot 'em."
Ted Nugent - speaking at the NRA convention April 17, 2005
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09-10-2006, 09:23 PM
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#7 (permalink)
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Lurking Troll Camper
Join Date: Aug 2005
Location: Central Texas
Posts: 159
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09-10-2006, 10:57 PM
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#8 (permalink)
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Indian Admin
Join Date: Feb 2004
Location: About 40 mi. north of Atlanta.
Posts: 5,830
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Mike -- I use one of the financial adviser firms and several years back they laughed at me for "investing" in ammo and Krugerrands.
Had a meeting Wed of last week and watched them eat their words. Only problem was it was my money they were only getting 2.8% return on!!
I know they're over $600 for a one oz coin but it's the standard of the world. If everything else goes; that will remain.
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09-10-2006, 11:35 PM
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#9 (permalink)
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Administrator
Join Date: Feb 2004
Location: Was Germany, now Ohio
Posts: 5,927
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Quote:
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Originally Posted by Winn R
Mike -- I use one of the financial adviser firms and several years back they laughed at me for "investing" in ammo and Krugerrands.
Had a meeting Wed of last week and watched them eat their words. Only problem was it was my money they were only getting 2.8% return on!!
I know they're over $600 for a one oz coin but it's the standard of the world. If everything else goes; that will remain.
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True, I just kick myself in the butt at times for not investing in precious metals when they cost less. I remember when silver was $6-$7/oz and now it is over $12/oz. and when gold was less than $400/oz and it is now around $600 or more an oz.
I wonder though if the pre-1964 90% silver coins are a good way to go for those that can't afford others. I had a buddy of mine offer to sell or trade me a bunch of peace and morgan dollars. But he is holding on to them for the time being.
__________________
"To show you how radical I am, I want carjackers dead. I want rapists dead. I want burglars dead. I want child molesters dead. I want the bad guys dead. No court case. No parole. No early release. I want 'em dead. Get a gun and when they attack you, shoot 'em."
Ted Nugent - speaking at the NRA convention April 17, 2005
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09-11-2006, 12:31 AM
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#10 (permalink)
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Indian Admin
Join Date: Feb 2004
Location: About 40 mi. north of Atlanta.
Posts: 5,830
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Quote:
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Originally Posted by sniper69
True, I just kick myself in the butt at times for not investing in precious metals when they cost less. I remember when silver was $6-$7/oz and now it is over $12/oz. and when gold was less than $400/oz and it is now around $600 or more an oz..
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Well -- I remember in the late '80's when I leveraged everything I had into silver on the Chicago market at $11 and watched it go to $7. My friend, it's never an easy call.
Quote:
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Originally Posted by sniper69
I wonder though if the pre-1964 90% silver coins are a good way to go for those that can't afford others. I had a buddy of mine offer to sell or trade me a bunch of peace and morgan dollars. But he is holding on to them for the time being.
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There's a well established market on those. Friday's Wall Street is in the bottom of the can but I'll check tomorrow -- I think they're quoted.
Edit -- Quick look shows a little over 9 times face.
__________________
There is no nonsense so errant that it cannot be made the creed of the vast majority by adequate governmental action. --
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"Never attribute to malice that which can be adequately explained by stupidity." Robert J. Hanlon
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