Silver Spikes

[Mega]

3% today !
What gives?
Mike

[Mega]

Re: Silver Spikes

More up again!
Mike

[thriftyandboringinohio]

Re: Silver Spikes

Did you invest in silver Mike? Are you capturing some of this run up?
I could not bring myself to pull the trigger,despite what looks like an obvious set up for a silver rally.

[Mega]

Re: Silver Spikes

I held silver for 10+ years, it ran from low $20 up to $45 ish as I recall................EJ BEGGED me to sell as it was bubble, I didn't because I was keen to hold non £ assits . It didn't just fall....it crashed!

I wish I could buy into his firm, but I can't see away to do it from Liverpool

Mike

[thriftyandboringinohio]

Re: Silver Spikes

I posted on other threads about the historically high gold/silver ratio.
I've been poking around trying to understand it, and decided that the ratio will never be going back to long term historical norms.
Worldwide silver production just keeps growing relentlessly, while demand is mainly for industrial uses, and there is not much chance of a swift upturn in the global economy.
Silver is about $16/oz as I type this. Any upside might be to a price like $20 or $25, but I can't see any reason to expect $40 again.

[Mega]

Re: Silver Spikes

Up to $24...........back to $18 then up to $39
Mike

[touchring]

Re: Silver Spikes

I held silver for 10+ years, it ran from low $20 up to $45 ish as I recall................EJ BEGGED me to sell as it was bubble, I didn't because I was keen to hold non £ assits . It didn't just fall....it crashed!

I wish I could buy into his firm, but I can't see away to do it from Liverpool

Mike

Mike, did you invest in physical silver? From the chart, silver dumped big time in 2008, dropping from $17 to $9. Were you there at that time? Was it possible to buy $9 or $10 silver?

[Mega]

Re: Silver Spikes

As I recall I bought in at $13 ish, but do remember the £ was $2.10 ish.........thus a did/doing ok.

Mike

[touchring]

Re: Silver Spikes

As I recall I bought in at $13 ish, but do remember the £ was $2.10 ish.........thus a did/doing ok.

Mike

Would the sterling pound rebound after brexit? I don't know much about Brexit, but in most cases, the uncertainly is worst than the actual event.

[touchring]

Re: Silver Spikes

Did you invest in silver Mike? Are you capturing some of this run up?
I could not bring myself to pull the trigger,despite what looks like an obvious set up for a silver rally.

Are you getting physical silver? If so, the low premium silver in 10 oz or smaller sizes are already in short supply. I just checked major dealers online, there is probably less than 20 or 30 million dollars worth of low premium silver that can be purchased online in the entire usa.

[GRG55]

Re: Silver Spikes

Would the sterling pound rebound after brexit? I don't know much about Brexit, but in most cases, the uncertainly is worst than the actual event.

The dithering over Brexit makes one wonder how these people ever ran an Empire...

[Mega]

Re: Silver Spikes

Not many Neo-Libs to deal with back in those days!
My Late Father told me of "Empire day" when we would thank the Good Lord for making us Top Dogs............

[Mega]

Re: Silver Spikes

Am Ok right now............Can you get me any "EJ's" ?
Mike

[touchring]

Re: Silver Spikes

Not many Neo-Libs to deal with back in those days!
My Late Father told me of "Empire day" when we would thank the Good Lord for making us Top Dogs............

Britain needs a donald trump?

[Mega]

Re: Silver Spikes

...Here by Thursday I believe.