Silver To $30 In 2008? ($80.00 ?)

[jeff of pa]

Solid Gold Silver Surge



"Silver will clear $30 in 2008, as the (gold-silver) ratio falls below 40. A $1200 gold price and 40-to-1 ratio puts the price of silver at $30. Silver is the best play for 2008, but silver is never a smooth ride."

And if you think that silver could go to its rough 15-to-1 long-term ratio to gold, then a $1,200 per ounce gold price would mean an $80 per ounce silver! Wow! The stuff is selling for 15 bucks right now!


http://www.kitco.com/ind/Daughty/jan042008.html

 

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[Dave45]

go baby go
thats what Im savin for

 

[jeff of pa]

I was going to Sell Mine This Afternoon.
May just Hold out till Next year Now.
Or at least Late Fall.

 

[snake35]

I would not bet my mortgage money on $30.00 silver. I think closer to twenty or slightly under.

 

[cmhoose]

I was going to Sell Mine This Afternoon.
May just Hold out till Next year Now.
Or at least Late Fall.

That's what I am thinking. Hold out.

Good Luck
cmhoose

 

[Burdie]

Jeff you can get that $30 easy if you pull the Hunt trick. You know you got the money for it. I say go for it.
Burdie

 

[cazar]

I have been tracking silver, gold platinum for a few months now...

platinum is insanely high now...1600 an ounce? jeeeez

gold over 900 an ounce or hanging in that area

silver 16 an ounce and bouncing back and forth

if the economy goes down any more, and a few more things happen, I would not be all
surprised to see 25-30 dollar silver...

demand for silver for industrial use is really going to drive it up some...I think the economy
will do more ... 2008-2012 should be interesting

respects

caz

 

[jeff of pa]

in 1980 Silver rose to $49.45 per troy ounce.

There is No Reason to Believe things were worse Back then.

Give it time

Gold has already Broken its 1980 High of $850

 

[cazar]

I agree with you Jeff..I sold some silver in 1980 to reduce debt..helped out a lot ..wished I had bought
another couple of thousand ounces ...

only time will tell ...heading overseas in a couple of months..so all the gold chains and jewelry will
be insanely high in UAE ..

I think I will wait until silver hits 35-40$ if it ever does to sell a few ounces...just to get rid of a little
bills ...

respects

caz

 

[jeff of pa]

Silver at $16.67 as I write this.
High yesterday around $16.80
May Spike to $17 before the days over.

But end near where it is.

 

[Angelo]

HELP!!


Purchased silver 2 weeks ago.

Spot Price ......................... $15.90
Dealer sold it to me for....... 16.40

.50 cents over spot.

Question:

If the spot price on the day I bought was $15.90 and I was selling instead of buying....How much would the dealer have paid me?

Thanks,

Tony

 

[jeff of pa]

Probably $15.00

No more then $ $15.40 I'm sure

 

[Angelo]

Thanks Jeff!

And another question.

Best place or way to buy silver? Coin Stores? Online?

Rounds? Coins? Bars?

Tony

Actually, that was a bunch of questions for all.

 

[jeff of pa]

In My Limited Opinion on Buying Now,

Best Place, Put an ad in your Local Papers.

& Buy from those selling.

offer 80% of Spot.

Of course you have to have Enough to Play
You may get Swamped with Calls.
IF there is no place Local & Alot of
elderly people without Computers.

By the way, I'm 2 days Late on my Prediction.

Silver Did Spike over $17.00 Today

 

[Angelo]

Thanks Jeff!

2 Days Late? You are still the man! Actually, you are less than 48 hours late.

I'm a few years late.

Thanks again,

Tony

 

[jeff of pa]

Yea I'v been late since the 90's

I should have taken my own Advice back then when a Roll of Mercs
Cost $15.00 a Silver Doller $8.00

And a 1/10 oz of Gold $26.00

 

[jeff of pa]

WOW Silver spiked to almost $17.30 this Morning already !

$1000,00 Gold by March 1st. Won't Surprise me.

 

[cazar]

yes it did jeff....as I like to say ...INSANENESS...laugh

I would not be surprised...to see by April 14 ( b-day ) ..silver 19-21$ an ounce, gold 1000 ounce,
and platinum 1900 an ounce..

I have noticed lots and lots of silver for sale..and a couple of jewelry stores I deal with told me that
they have been swamped in gold... folks are selling ..and a few buying

I have found the best place to find silver for sale... 1) newspaper 2) internet 3) pawn shops..make
them a deal...and they will deal with you..

wish everyone the best

hh

caz

 

[Jeffro]

Last time I checked the index, it was at 55. I see its now at 54. 40 would be seriously sweet!

 

[rockhound]

With the drop in the dollar, the Chinese have started hoarding silver. This is one reason the price
is climbing so fast. If the Chinese keep buying it at that rate, it's no telling how high it could actually go. Now if coin dealers also start hoarding it, this could escalate into an all out war. Silver
could get so scare that you couldn't find it at any price. I know some dealers that have already started pulling it from the public. Hoping as everyone else that it will skyrocket.