Where is the price of Silver going?

[david86440]

How high is it going up before it plateaus or starts falling? On Friday it was $48 something an ounce.

I have a bunch I bought when it was $7.00-$14.00 and decided to get rid of a little this week. eBay is in a feeding frenzy with everyone buying it up.

1964 Kennedy's are going for upwards of $20.00, quarters over $8.00, Silver Eagles over $50.00

Am I foolish to be selling?

Here is a good link with current "Melt" values.

http://www.coinflation.com/

David

[Pathfinder]

Re: Where is the price of Silver going? - Up.

The dollar is being devalued, the Chinese are buying every last scrap they can get their hands on, demand is high and will remain so until the dollar is reconstituted based on some standard (not bloody likely), or it is replaced by the Amero or some other form of UN-mandated fiat currency.

[TAB]

if it hit $50 I'd sell.  I'm sure it won't be the peak, but you won't lose your ass either.

[Timothy]

I have several cheap commemorative coins my FIL gave me over the years.  He was a collector of worthless crap but they are 1 troy ounce of silver.  Are they worth anything more than their weight in silver?

[TAB]

maybe, depend on what they are.

[Sponsor]

[Pathfinder]

I have several cheap commemorative coins my FIL gave me over the years.  He was a collector of worthless crap but they are 1 troy ounce of silver.  Are they worth anything more than their weight in silver?

Maybe, but usually not. They're circulated, which kills collector value. All you can hope is that 1 or 2 of them have become hot collector's items. Check eBay.

Look at it this way, though - those little cheap coins are worth almost $50 at the moment.

And TAB, as usual, is wrong. The projections are that silver should be running about $60-$80 an ounce right now, but its price is being manipulated. If you need the dollars, sell the silver, otherwise, if it were mine, I would hold it a while longer.

[Timothy]

maybe, depend on what they are.

They're cheap commemorative coins stamped to look like Silver Eagles.  They're basically flea market knock-offs.  I'm pretty sure they're silver, mostly..

[TAB]

you never know, they might be very rare or have some other value too them.

I would not hold your breath, but you never know with stuff like that.

[Timothy]

I asked my wife to collect any gold she's not wearing at the moment.  She has a few necklaces and a few other baubles she's never worn.  At 1500 bucks an ounce, my 200 dollar, 18 carat wending band is nearly tripled in value in 27 years.

I don't need the money mind you but if it's just sitting there, it would be nice to know what it's worth.

[crusader rabbit]

Historically, silver has been 1/5 the price of gold. Gold is now over $1500.  Silver should be at $300.  Buy more now, but don't cut into your ammo budget.  .22LR is going to be great barter marterial... maybe better than silver.