Silver and gold prices

[CollectorNo1]

Hi everyone great for the site to be back...

Just wanted to know your views on silver and gold...big drops today due to the current covid condition..is this a nervous drop or do you think the price has gone down because of fear...short term or is silver and gold going to rise....slowly but will rise..what's your opinions..

Dave

[SilverSceptic]

I am not worried. Prices go up and down and today is no exception. In the long run, it's good to be holding gold/silver.

[Oldun]

Mentioned a month ago I thought we would go to the $1750 mark. I still stand by that as we head into the back end of the year, so silver will follow it down for sure and probably more violently.

[mousefu]

i think silver hits $21. Then a slow gradual incline to 26 before christmas.

 

I think when christmas hits. The damage will be done. It's going to be a lean christmas for a lot of people.

[g33x0r]

Ugh, I've been wanting a 10oz Dragon QB forever, APMEX just sent a in-stock alert and it's up to 600 bucks each 🤢🤮  No thank you.  I know that's less silver spot than it is premiums on a rare 10 oz desirable coin but still, premiums for physical still seem to be at a minimum like 2-3 dollars over spot at least.  

 

 

[kurama]

Will Silver fall to under £16? 👀

[Kman]

I could see silver falling to ~$19, has strong support there, that's currently around £15

$1750 for gold - £1380

If they fall below those levels without everything else crashing and there being a clear reason why I would start to get a little concerned, I can't see that happening though especially with gold

Looking at silver (blue) flipped vertical and overlaid on dxy (black) is very telling of the story since July

 

[CollectorNo1]

Over the last few months Gold and silver has risen...All these experts dealers,c.e.o's etc of bullion companies all saying that Gold will go over $3000Silver could go $50+.

 

How did they all get it so wrong?????

[Pete]

Big fluctuations this week causing giant ripples.
Any logic behind this or just usual big institutions financial manipulation ?

[Hunter87]

On 24/09/2020 at 15:14, CollectorNo1 said:

Over the last few months Gold and silver has risen...All these experts dealers,c.e.o's etc of bullion companies all saying that Gold will go over $3000Silver could go $50+.

 

How did they all get it so wrong?????

Because nobody can predict the future 

[Erolroller]

On 24/09/2020 at 15:14, CollectorNo1 said:

Over the last few months Gold and silver has risen...All these experts dealers,c.e.o's etc of bullion companies all saying that Gold will go over $3000Silver could go $50+.

 

How did they all get it so wrong?????

They rely on ignorant fools to hold physical, waiting for their silver to hit these fairytale prices, while they buy on the dips and sell on the peaks and bank the profits. 

[Pottedbeef]

4 hours ago, Erolroller said:

They rely on ignorant fools to hold physical, waiting for their silver to hit these fairytale prices, while they buy on the dips and sell on the peaks and bank the profits. 

Damn, had no idea I was an ignorant fool. Thinking about it though it would be ironic if I did.

[Coolsmp]

On 26/09/2020 at 13:09, Erolroller said:

They rely on ignorant fools to hold physical, waiting for their silver to hit these fairytale prices, while they buy on the dips and sell on the peaks and bank the profits. 

So by your reckoning 99.99999% of silver forum members are fools for holding physical precious metals. 

[Zhorro]

Calm...

Predicting prices is very difficult (if you are putting money on the line) or very easy if you are making YouTube videos.

Remember that over the past year gold has increased by about 25%, and over the last three months silver is still up by over 28%.

So, as they say, ignorance is bliss!

[MrTT]

Fed, uk, eu all still printing money and will continue to do so.

This is all good for gold & silver.

[CollectorNo1]

Does anyone have views on YOUTUBE Videos and the people who make them?? I.e silver proofs...circulated coins etc..I'm from uk..and I must admit I do watch them when I'm bored..but they collect very badly circulated £2,£1 and 50p's...bit of fun but are worthless in my opinion.. never going to be an investment..or going to rise in price because the condition of these circulated coins are so bad....what is your views on this??? Be interested to know..

[GWL3]

19 hours ago, CollectorNo1 said:

Does anyone have views on YOUTUBE Videos and the people who make them?? I.e silver proofs...circulated coins etc..I'm from uk..and I must admit I do watch them when I'm bored..but they collect very badly circulated £2,£1 and 50p's...bit of fun but are worthless in my opinion.. never going to be an investment..or going to rise in price because the condition of these circulated coins are so bad....what is your views on this??? Be interested to know..

Great question!  I can't tell you from experience since I've never attempted to sell any of my coins yet, but there are stackers out there that will buy silver in any condition.  Some actually prefer well circulated and toned coins.   I try to stay away from well circulated coins and tend to buy BU coins and rounds.  I know my LCS will shy away from badly circulated coins, unless he know someone who will buy in that condition, which is rare for him.

I also do not watch Silver YouTube Videos any longer (except for BackYard Bullion of course).  Most seem to be only looking for views and likes in order to monetize their videos to buy more silver.

[CollectorNo1]

Yeah I agree...I've noticed some of these Youtubers..mentioning no names..have started selling merchandise...shirts hoodies,caps etc...and you have to subscribe and pay to watch there live stream videos....No way am I going to do that..I think they are capitalising on peoples interest in coins and making money from gullible people..personally I think it's disgusting........they go from normal tubers to making money selling there brand..and they are just run of the mill people....money makers....opportunists..which I find offensive.....I think we all know the people I'm talking about....

[Coolsmp]

Im not endorsing this practice but for some YouTubers they do it as a full time job so unless you have thousands of subscribers the monetisation is not a great deal.