Silver tops $15

[Original_Intent]

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

 

[muh_roads]

USD
78.39
-0.42

Pretty amazing knowing it was 89 points just a few months ago.

Strange relationship going on. For the Dow to rise, the dollar must fall. It's been like this for a while now. That relationship is almost 1:1

 

[Jordan]

Back to $16.20 we go!

 

[Optatron]

Back to $16.20 we go!

wake me up when it's $20+

I'll be selling

 

[tmosley]

wake me up when it's $20+

I'll be selling

Call me when you are. I'll be buying.

 

[1000-points-of-fright]

Call me when you are. I'll be buying.

Why would you buy at $20+ when you can buy now at $15?

 

[SevenEyedJeff]

Those who are planning on selling at $ 20+ better think how it will feel if it then goes to $ 100. I would use ETFs or a very small portion of physical for buying/selling for profit. You never know how low the dollar will go. 50% inflation for a few years and you will cry if you sold your entire stack for $ 25 an ounce. If I was going to sell at $ 20 or $ 25, I would rather trade silver for gold rather than silver for fiat.

 

[tmosley]

Why would you buy at $20+ when you can buy now at $15?

I should have said "I'll STILL be buying".

 

[stag15]

The people who say they are going to be selling at $20 obviously don't understand how a currency can fall. We take for granted our strong currency, but this is about to end. We can't keep the game going on much longer.

My guess is that silver will be $20 sometime this year or next, but when that happens the dollar will be near its all time low. You are going to sell when the dollar is at its July 2008 level? No way, I am not selling until falls way below that level.

 

[maeqFREEDOMfree]

What are some recommendations on the best silver denominations to buy? Are once coins a good choice? Should i go for something a little less weight (smaller denominations)?

Is there a difference in terms of the resale value of coins vs say silver rings and jewelry?

Can anyone recommend a decent firm to buy from?

 

[tmosley]

I like one ounce bars/coins, as well as US silver coins (quarters and dimes, mainly).

 

[Dr.3D]

I like one ounce bars/coins, as well as US silver coins (quarters and dimes, mainly).

Same here. It all depends on what happens in the future. If the value of the dollar goes to hell, it is nice to have small amounts to barter with.

 

[Brian Defferding]

We'll see how long it stays up like that. Will demand stay high? Will industrial demand for the metal keep increasing? I'd like to see some numbers over the last couple years.

 

[Dr.3D]

We'll see how long it stays up like that. Will demand stay high? Will industrial demand for the metal keep increasing?

LOL, will Goldman Sachs naked short sell and push the price back down again?

 

[krazy kaju]

Those who are planning on selling at $ 20+ better think how it will feel if it then goes to $ 100. I would use ETFs or a very small portion of physical for buying/selling for profit. You never know how low the dollar will go. 50% inflation for a few years and you will cry if you sold your entire stack for $ 25 an ounce. If I was going to sell at $ 20 or $ 25, I would rather trade silver for gold rather than silver for fiat.

There is almost no way that silver will be going to $100 in the near future. I can see silver rising past $25, especially if there is an economic recovery. However, with future bank crises in the horizon, rising unemployment, and continued economic trouble, there is no way that silver will be anywhere close to $100.

 

[Original_Intent]

What are some recommendations on the best silver denominations to buy? Are once coins a good choice? Should i go for something a little less weight (smaller denominations)?

Is there a difference in terms of the resale value of coins vs say silver rings and jewelry?

Can anyone recommend a decent firm to buy from?

Rounds or even old junk silver coins are food because the weight and silver putiry is known, and in the case of rounds is stamped on each. Jewelry and such the exact content of the PMs are generally not known and in the case of silver, the value of the jewelry is probably going to be worth more than the value of the metal. Probably still good for barter in a SHTF scenario.

In all the past threads asking for recommendations, APMEX gets the most recommendations evry time. I uses to work with local dealers, but their markup is MUCH higher than APMEX, and for the past year or more it is usually very iffy that they even have silver on hand to sell. So I switched to APMEX, even after shipping it is a much better price.

 

[tmosley]

There is almost no way that silver will be going to $100 in the near future. I can see silver rising past $25, especially if there is an economic recovery. However, with future bank crises in the horizon, rising unemployment, and continued economic trouble, there is no way that silver will be anywhere close to $100.

It could easily go above $100, if supply is found to be much less than is currently thought, as paper silver dealers are found to hold no physical metal, or as the big bank shorts close their short positions, or as the above ground silver shortage becomes a limiting factor in the production of electronics and other silver-heavy industries, or as hyperinflation kicks in, and hundred dollar bills are used to buy candy and wallpaper houses.

So yeah, there are quite a few things that could happen to drive silver into the stratosphere. If any combination of them happens, those holding the metal will be rich beyond the wildest dreams of Avaris.