View Single Post
  #6  
Old 09-30-2011, 04:53 PM
basesareempty basesareempty is offline
B.ob L.amb
Member
 
Join Date: Oct 2009
Location: Maryland
Posts: 463
Default Silver

I follow this market a little more closely then some here. I have slowly bought silver over the last 3 years or so and have about 350 oz of silver bullion and another $400 of 90% junk silver. Late last week Silver went from just under $40/oz to where it ended today at just under $30. At some point I believe one of the overseas markets the price was down to $26/oz before rebounding. I know many experts say that silver will hit $50/oz by early next year. China and India have been stong buyers of precious metals which should keep prices going up. Also the industrial demand for silver is on the rise. I see this 25% downswing as a buying opportunity. I would hold on to your silver if I were you.
Reply With Quote