...short term, like right now. Just nudged above. Lets see where it closes.
Printable View
If you look at the 5 year chart 0n Kitco, there have been 3 attempts to get above $US 1,000 since 03/08. My feeling.....based on the amount of paper being printed by banks.....is that $1000 will be breached and become support.
Gold bullion sales in eBay reached almost $4M last month. However, the interesting figure is that some non-collectible gold coins are carrying a 100% premium over gold content.
well current silver reserves will last 15yrs total est. probable silver left in the world 25-30yr at current usage, that's if silver demand doesn't increase which IMHO it will- as silver is only second to crude oil for world wide different uses it's a true precious thing unlike the paper money you pay for it which is incresing by trillions while the world silver is depleting
Also I remember talking with a NZ silver trader 2-3yrs ago when silver was $7usd(If you look back on my sharetrder post I asked the forum where I could buy 100kilos of silver as I believed it was very good buying)
The trader I talked with like youself arco thought I was crazy trying buy silver for a investment why he asked would you want so much silver theirs pently enough around,the price hasn't increased much over the last coulpe yrs,go buy gold etc etc etc
Silver hit a high of $21oz USD like a 1-2yrs later
as of more recent times when I finally decided to start buying bullion right upto couple months ago I paid an average of $26oz for my 30kilos of bullion savings currently I could sell on trademe for 35oz-40oz personal I'll happy to wait for a couple more yrs as 000's will be alot better
The precious metals industry is experiencing a substantial surge in activity which may cause delays. We apologize for this inconvenience and are working hard to get you your package as soon as possible. From the date your funds have cleared to the time you receive your order can currently take 3 to 4 weeks.
Yup...I've been acquiring silver since approx. 2002.
I got nervous when silver climbed like a rocket then dived 2-3 years ago....I simply bought more and kept my dollar cost average low.
At these prices I still think it's a great long-term buy......but I'm really cheap.......NZD cost basis is far, far higher than it was even a year ago...using old .80 NZD/USD cross cash offers a better opportunity......current .50NZD/USD, not nearly as much