Anyone have any ideas on where silver tops? What is the new resistance, etc?
Jag, Heine, TTU?
Jag, Heine, TTU?
Buying physical gold/silver
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Last: 2 days ago by TTUArmy
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Silver: $42.11
Gold: $3,641
Gold: $3,641
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While this is great, it makes me wonder about the other 99% of my portfolio.
Still, I'm glad I bought what I did a few years ago!
Still, I'm glad I bought what I did a few years ago!
I want to see how we get to/through $50 silver
Such a psychologically important number ... if we go through like a hot knife then I expect a surge higher that surprises to the upside
If there is a real bull/bear fight, turbulance, and/or a prolonged sideways grind, then I think it'll take longer to get to $75 and ultimately triple-digit silver, with a nasty fake-out drop in prices thrown in for good measure like what happened in the middle of the 70s precious metals bull market ...
Such a psychologically important number ... if we go through like a hot knife then I expect a surge higher that surprises to the upside
If there is a real bull/bear fight, turbulance, and/or a prolonged sideways grind, then I think it'll take longer to get to $75 and ultimately triple-digit silver, with a nasty fake-out drop in prices thrown in for good measure like what happened in the middle of the 70s precious metals bull market ...
Black Tooth Grin said:
Anyone have any ideas on where silver tops? What is the new resistance, etc?
Jag, Heine, TTU?
Heine runs the technical analysis on silver very well, so he would be the one to give a fair and balanced read on what paper markets believe the future price will be for silver. Since they are still in charge, that's probably the more accurate speculation you will receive on any future pull-backs or blow-off top.
That being said...nothing would please me more than to see silver and gold return to their historical 20:1 GSR ratio. Gold remaining at today's price, would put silver at roughly $180 p/toz. I think silver's $50 high in 1980, adjusted for inflation, would put it around $192.00 p/toz. Will it make it there? Highly doubtful. The LBMA and COMEX would change the rules of the game if they thought they might lose control of the paper metals market. And the government would fully support them.
Today, Gold hit $3,700 and Silver hit $43.
Just sayin'...
Just sayin'...
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Gold above $3,700 again today
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It's not too late to buy physical precious metals and hold them in your own possession. Central banks and gold / silver bugs have been the primary buyers over the last decade. When John Q Public and Johnny Hotmoney Hedge fund manager see diminishing returns from NVIDIA ORACLE etc they are going to go hunting for the next big thing.
Just a 1-2% allocation of NASDAQ into PMs and Miners could vault prices higher. In a few years when it's 5-10% folks on this thread are going to be very happy amidst hard times.
Don't take my words for it, here's Michael Gentile, a very successful commodities investor with high marks for gold and silver bullion, gold miners, and a few other commodity classes to varying degrees
Just a 1-2% allocation of NASDAQ into PMs and Miners could vault prices higher. In a few years when it's 5-10% folks on this thread are going to be very happy amidst hard times.
Don't take my words for it, here's Michael Gentile, a very successful commodities investor with high marks for gold and silver bullion, gold miners, and a few other commodity classes to varying degrees
Well here something for 45.00 if anybody interested
PURE IRISH SILVER LIMITED EDITION PROOF
PURE IRISH SILVER LIMITED EDITION PROOF
maddiedou
I have my sell orders set on all SLV calls that I still hold with expirations Oct through Dec to line up with SLV hitting $40. I also have sell orders on calls dated Jan - March to sell half when SLV hits $40. This is a long-term target I've been watching and I want to book the hard fought gains. I also plan to sell 1/3 of my shares at $40. That doesn't mean I don't have higher targets. Quite the contrary.. I think silver is headed to $60 in the coming years and possible even $90 over the next half decade. But I do think $40 is a MAJOR hurdle and I don't expect it to be surpassed easily. New positions can always be formed with manageable risk.
Snagged 20 ounces Wednesday on the dip. I'm thinking when silver hits $100, I'm retiring. Maybe in 2027…maybe in 2047.
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Silver just crossed $43 an ounce.
Gold up 1% to $3,683 an ounce.
Gold up 1% to $3,683 an ounce.
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Can I get a what what?!?
"Oooh good job! It's time to sell"
Nope. I don't want your trash fiat.
"Oooh good job! It's time to sell"
Nope. I don't want your trash fiat.
I will no longer discuss politics with you. I reject your premises and world view. I am finished trying to compromise with you.
Just remember gold is money and everything else is credit
Did anyone watch stacking videos or unboxing videos for gold and silver on YouTube from 2012 to 2019? Those were the golden years. Some many people were stacking and creating videos. I used to love watching the unboxing videos.
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I didn't become interested in precious metals until Jpow fired up the money printing machine in response to COVID. IN FACT, as a student (circa 2008) I was interning with a wealth advisor in BCS and when the market started falling apart, a coach at TAMU called and asked to move all of his money into gold. So my boss had me create an entire PowerPoint presentation on why gold was not a good investment. Not knowing my head from my ass, I dove right in and this coach ended up staying in the market. Looking back, I believe he would have done better in gold. That is actually one of my Roman Empires…I think about that a lot.
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Yep, as Andy Beal is fond of saying (paraphrased), if staying in the market is the secret to preserving and creating wealth, then the descendants of the Roman families should be worth quintillions today.
Related(ish)...I've wondered lately how much an Aggie ring costs. I thought $1,100 was a lot back when I ordered mine.
isn't it whatever an ounce of gold is at the time of order?
I remember mine being around $1,100
I remember mine being around $1,100
Ok, so back a few years ago, I made an impulse buy because of this very thread and waaaaaaaaaaaaaaaaaaaaaaaaay overpaid for silver from Monument Metals. I bought 200 2021 American Silver Eagles for $7,848. I still know nothing about PMs. So to value these coins, is it just 200 x $43 (spot) = $8600? Is that the value?
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Yes. Not to beat you up but how is that possible? What was spot when you bought?
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No idea, I bought in June of 2021 and everyone said to use Monument, so…
And so coins like American Eagles don't carry any additional value over spot, right? Thinking I should just get out now and at least not take a loss.
And so coins like American Eagles don't carry any additional value over spot, right? Thinking I should just get out now and at least not take a loss.
Red Pear Realty said:
Yes. Not to beat you up but how is that possible? What was spot when you bought?
No. The value is exactly and ONLY what someone will pay you for them. If you wanted to speculate on the price of silver, SLV (a silver ETF) is a much, much better choice. You have learned one of the primary pitfalls of physical silver - transaction costs on disposal. (I have also learned this lesson - don't feel too bad).
Your not in that boat alone but not from this thread just me thinking how can a 1888 morgan or other early date coins not be worth something
Silver never was a perse in my mind as far as buying but as you are finding out you need to buy high and sell low to have a chance at a profit with silver
Yes my last sentence is a joke but all to familiar with Alot of silver buyers including myself
Good luck
Silver never was a perse in my mind as far as buying but as you are finding out you need to buy high and sell low to have a chance at a profit with silver
Yes my last sentence is a joke but all to familiar with Alot of silver buyers including myself
Good luck
maddiedou
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These guys will pay you basically spot for ASE's or a few dollars over for current year ASE's:
https://www.herobullion.com/sell-to-us/
You can put them on Reddit r/pmsforsale and probably get over spot. Looks like this user is getting a lot of attention asking $44 an ounce for his ASE's:
https://www.reddit.com/r/Pmsforsale/comments/1nn17k2/wts_silver_ase_tubes_125oz_rounds_1oz_rounds_40/
https://www.herobullion.com/sell-to-us/
You can put them on Reddit r/pmsforsale and probably get over spot. Looks like this user is getting a lot of attention asking $44 an ounce for his ASE's:
https://www.reddit.com/r/Pmsforsale/comments/1nn17k2/wts_silver_ase_tubes_125oz_rounds_1oz_rounds_40/
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Yes, that's my point. Currently over 3x what I paid and no ceiling in sight.
Far fetched to talk about today, but wonder what happens if 1oz hits $10k+?
Far fetched to talk about today, but wonder what happens if 1oz hits $10k+?
Red Pear Realty said:
These guys will pay you basically spot for ASE's or a few dollars over for current year ASE's:
https://www.herobullion.com/sell-to-us/
You can put them on Reddit r/pmsforsale and probably get over spot. Looks like this user is getting a lot of attention asking $44 an ounce for his ASE's:
https://www.reddit.com/r/Pmsforsale/comments/1nn17k2/wts_silver_ase_tubes_125oz_rounds_1oz_rounds_40/
Thank you sir. If anyone wants to buy 200 2021 ASE's for $44 each, they're all yours.
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Where are you located?
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Austin
Curious...
Why not just keep the ASE's? Is space at a premium or do you just want/need the green? I have way more ammo than I could probably ever shoot. Hell I have ammo for guns that will probably never see the field or range. Space is not an issue and I could sell a large chunk of it, but I don't really need the money. It's just nice to have in case there is ever a need.
Why not just keep the ASE's? Is space at a premium or do you just want/need the green? I have way more ammo than I could probably ever shoot. Hell I have ammo for guns that will probably never see the field or range. Space is not an issue and I could sell a large chunk of it, but I don't really need the money. It's just nice to have in case there is ever a need.
9/22/25
Gold = $3,742.30
Silver = $44.07
GSR = 84.92:1
Still a long way to go...
Gold = $3,742.30
Silver = $44.07
GSR = 84.92:1
Still a long way to go...
Probably 3-4 more years for silver to run.
Jesus...just gandering at the 1979 gold chart. Current gold price would have to reach somewhere in the neighborhood of $5,900 by December 2025 to be comparable. I don't want to speculate the economic conditions which would bring about such a price.
EDIT:
With gold at $5,900 and keeping a current 85:1 GSR, silver would be near $70 p/toz. That's wild...
EDIT:
With gold at $5,900 and keeping a current 85:1 GSR, silver would be near $70 p/toz. That's wild...
TTUArmy said:
Jesus...just gandering at the 1979 gold chart. Current gold price would have to reach somewhere in the neighborhood of $5,900 by December 2025 to be comparable. I don't want to speculate the economic conditions which would bring about such a price.
EDIT:
With gold at $5,900 and keeping a current 85:1 GSR, silver would be near $70 p/toz. That's wild...
No need to speculate. They are here. Now. The entire country is operating on cognitive dissonance.
The fiat rug pull globally is underway. Central banks buying gold dumping fiat on the people. Only thing missing is a global war to kill off those who know what's going on and further distract those unawares.
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