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■ Silver Hits Highest Price Since March 7, 1980

Asheron
Asheron Posts: 1,229 Forumite
in Debate House Prices & the Economy
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The "correction" is over. The last time silver was here, the 10 Year was at 12.45%, the 2s10s was inverted -210 bps, and gold was $600.

Submitted by Tyler Durden on 02/17/2011 11:46 -0500


As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.
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Comments

  • bendix
    bendix Posts: 5,499 Forumite
    Buy Fresnillo.
  • Kohoutek
    Kohoutek Posts: 2,861 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    How much silver do you own Ash?
  • Asheron
    Asheron Posts: 1,229 Forumite
    Kohoutek wrote: »
    How much silver do you own Ash?

    Just a few coins...

    Don't you cry babies think it's too late to join the Silver train there are many more 100% gains coming....
    As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.
  • Yoshua
    Yoshua Posts: 298 Forumite
    bendix wrote: »
    Buy Fresnillo.

    Have you got a long term chat you can post?
  • purch
    purch Posts: 9,865 Forumite
    Silver Hits Highest Price Since March 7, 1980

    ..and to think there are still some dimwits out there who actually believe there is a huge conspiracy to keep the price low :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Talking of silver and all that kinda stuff, I heard of someone collecting up old copper coins, the ones that had real copper in them. Apparently worth twice the face value, and you can make an instant 100%.

    Not that I really understood it, as you can't melt them down as it's illegal. Someone on youtube apparently had a few tons of the things!

    Having said that, if theres a way around the melting thing, I might be quite inclined to do it myself :D
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    Graham_Devon wrote: »
    Talking of silver and all that kinda stuff, I heard of someone collecting up old copper coins, the ones that had real copper in them. Apparently worth twice the face value, and you can make an instant 100%.

    Not that I really understood it, as you can't melt them down as it's illegal. Someone on youtube apparently had a few tons of the things!

    Having said that, if theres a way around the melting thing, I might be quite inclined to do it myself :D


    Copper is the new gold.


    Or is it gold is the old copper?


    I can't remember
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    It's a nominal high, is that right?

    So if you held silver for the past 31 years you'd have lost inflation. Inflation in 1980 alone was about 18%.

    Doesn't seem like a very good long term store of value. No dividends to mitigate the losses either.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Asheron wrote: »
    The last time silver was here

    It took investors a mere 31 years to get their money back in nominal terms.

    Now there's just the inflation adjustment to go..... Which ain't gonna happen unless a new set of Hunt's come on the scene.;)
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • purch
    purch Posts: 9,865 Forumite
    unless a new set of Hunt's come on the scene.

    Didn't he start this thread :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
This discussion has been closed.
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