PM prices cooking on Wall St

Dozer D

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Feb 12, 2012
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I've been hearing rumors again coming from Wall Street that the precious metals (gold & silver) are both headed for a BIG shot in the arm increase in the next 12-18 months. I'm sure that if this is True or False will give cause for a price panic which will not last long. However, if silver prices EVER resume to the historical 16:1 silver vs gold ratio then we can all sell our AG stack and retire. I know I will, I can't wait around another lifetime at age 69. If Gold hits $1800/oz @ 16:1 ratio, then silver would be $112.50/oz. I DON'T THINK SO, not for a long while yet.
 

With such an increase in the value of PM's, can you imagine the price rise on consumer electronics!
 

I've been reading some articles from economists that state this is the beginning. Certain clues are indicating we have actually been in recession for the last 2 quarters. Heck CBS news actually said last week that the unemployment numbers fail to count those that have ran out of benefits or given up looking. A certain conservative radio host has been saying that for 6 years. We are not in a recovering economy. Look for gold and silver to skyrocket!
 

Formerteller, please keep political statements out of all forums but our politics forum......

Thanks...
 

Gold and silver will never come to a 16 to 1 ratio --- things have changed. BUT, Silver is now (11 PM CT-Sun Jul 10 '16) at $20.60. Going, Going, Going.....up? Down? I don't know, but I'm still stacking.
 

I'm curious. On Monday, July 25th, 2016, at noon E T, the price of silver in New York was $19.70/oz. At Kitco, it was $19.605. Why? Is Kitco's price the world wide price while the New York price is the U S price?
 

This writer was correct during the whole PM bear move and turned "bullish" a while ago. Here is his most recent article. I am starting to think that maybe we won't get another smash into the lower teens. I have been wrong much since 2011 so maybe that means we will drop now. LOL

Market Anthropology


Jim
 

Lol Jim you called it again. You should have left this part out Lol " I have been wrong much since 2011 so maybe that means we will drop now. "
 

Lol Jim you called it again. You should have left this part out Lol " I have been wrong much since 2011 so maybe that means we will drop now. "


I have no clue which way the price is going. I just keep buying my cool stuff when I can get it cheap. I got some mixed year kooks in air tites (not in original holders) for $2 over melt, and two were early 90's so I grabbed them.

Jim
 

I went to a coin show yesterday (Sunday) and generic rounds were going for $21.20. ASEs were going for $22.50 ea. Then in the Aussie and New Zealand category (Alligator, Spider, Turtle, etc.), they were priced $24 to $32 ea. The Kooks always go for high money, everyone wants them. Ron, you were lucky to get them for $2 over spot. As a collector, I picked up an Unc 1897 Canadian sterling 5 cent piece (W8) for $10......goes for around $280 retail in a Canadian coin book. I doubt that......maybe around $70 at the most.
 

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