So Silver is over $24/oz.... - Page 50

cowboy1964 · 08-31-2012, 23:20

$31.68.

**bobby_w** · 09-06-2012, 07:56

Hit $32.99 at at 08:20 am UTC.

Nice little run up going on.

cowboy1964 · 09-06-2012, 08:41

Quite the run up... almost 16% in the last 30 days. If it holds and it looks like Romney is actually going to win I may just unload some and wait for the price to drop again.

John Rambo · 09-06-2012, 09:30

Slow and steady. Then wait for the 20% drop in 1 day.

**kirgi08** · 09-06-2012, 09:54

cowboy1964 · 09-07-2012, 08:40

$33.52 and QE3 isn't even official yet. I knew I should have bought more at $27. I don't think we'll be seeing $20s again for a long time, especially if Obama wins.

**bobby_w** · 09-09-2012, 21:21

33.95 @ 01:40 UTC on the Asian Markets. $34.00 + Today ??

BORNGEARHEAD · 09-10-2012, 19:25

Waiting for QE3.

cowboy1964 · 09-13-2012, 11:12

Silver has spiked 4% in the last hour and a half, gold over 2%.

Open-ended stimulus/pumping was announced. Beginning of the end game.

http://www.foxbusiness.com/economy/2...-decision-qe3/

Whew, I almost sold some stocks this morning. Glad I held off. The question now is, hold off how much longer?

SilverCity · 09-13-2012, 11:13

Quote:

Originally Posted by BORNGEARHEAD

Waiting for QE3.

It's here...

$34.30...so far

SC

rj1939 · 09-13-2012, 14:12

The Chairsatan is the best thing we have going for us.

Just wished I'd loaded up on more.

emt1581 · 09-13-2012, 15:48

What was it that reversed what was going on after QEII? Something with the margins going up... why can't that happen again?

Is this really the beginning of the end?

Thanks

-Emt1581

cowboy1964 · 09-13-2012, 16:26

Yes it will go down again at some point. Not right now though! They say now interest rates will remain this low at least until mid 2015.

The price just got way too far ahead of itself after QE2 and pulled back. Note however that it didn't pull back to the same level it was when QE2 started. Botton line, the bull market continues and won't be ending any time soon. I'm not predicting $40s within the next few months but I think $20s is gone for awhile.

SilverCity · 09-13-2012, 16:57

Quote:

Originally Posted by emt1581

What was it that reversed what was going on after QEII? Something with the margins going up... why can't that happen again?

Is this really the beginning of the end?

Thanks

-Emt1581

Forget the margin thing. I doubt if it's relevant anymore. The important thing is that QE3 is inflationary, dollar negative, metals positive. From here on out, Quantitative Easing is the only tool the Fed has in their box. We may well see QE4, QE5, QE6, ...etc.

It's not the end (of the dollar), but maybe we can see it from here.

SC

emt1581 · 09-13-2012, 17:53

Quote:

Originally Posted by SilverCity

Forget the margin thing. I doubt if it's relevant anymore. The important thing is that QE3 is inflationary, dollar negative, metals positive. From here on out, Quantitative Easing is the only tool the Fed has in their box. We may well see QE4, QE5, QE6, ...etc.

It's not the end (of the dollar), but maybe we can see it from here.

SC

I see what you're saying. When you compound everything together (avoiding/delaying economic decisions at the last minute, extended tax cuts, QE's, etc).... is the ONLY outcome the dollar becoming worthless?

Seems like the only thing we wouldn't be able to hazard a guess at is the WHEN....right?

On a somewhat positive note, I have to take back what I said earlier in the thread about losing money when I had to sell some of my bullion. Turns out I actually made a few bucks....not that it matters now other than making me feel slightly better.

-Emt1581

cowboy1964 · 09-13-2012, 18:03

The dollar won't become "worthless" but it will continue to lose value, and probably at an accelerating pace though I'm not predicting hyperinflation. I suppose the good news is that any debts you have will also be priced in devalued dollars. Still, at this point (and going forward) I'd prefer to be debt-free as much as possible.

emt1581 · 09-13-2012, 18:13

Quote:

Originally Posted by cowboy1964

The dollar won't become "worthless" but it will continue to lose value, and probably at an accelerating pace though I'm not predicting hyperinflation. I suppose the good news is that any debts you have will also be priced in devalued dollars. Still, at this point (and going forward) I'd prefer to be debt-free as much as possible.

I think that is the only....Silver lining....

But without hyper inflation it's not like a roll of rounds are going to be able to pay off a house anywhere in the 6-figure range.

And the world population as a whole seems dead set against using PM's as money in favor of unbacked paper. So I don't know if returning the the Gold standard is anywhere in the realm of possibility.

I'm just waiting to see $20 loaves of bread and $50 gallons of milk. Again, not exactly hyper inflation but can you imagine?!? I mean accounting for inflation over the last century...maybe you can...

In any case, I broke out a 10oz Engelhard to fondle tonight.

-Emt1581

UneasyRider · 09-13-2012, 18:21

Quote:

Originally Posted by SilverCity

Forget the margin thing. I doubt if it's relevant anymore. The important thing is that QE3 is inflationary, dollar negative, metals positive. From here on out, Quantitative Easing is the only tool the Fed has in their box. We may well see QE4, QE5, QE6, ...etc.

It's not the end (of the dollar), but maybe we can see it from here.

SC

Agreed. We announced to the world today that our intention is to print our way out of this thing we are in and they have been taking it for granted that our money is stable. Well we are not even hiding it anymore so metals and other currencies should do well against the dollar until this runs it's course. Those teachers in Chicago are going to need a much larger raise!