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07-21-2020, 05:30 PM
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Join Date: Jun 2008
Location: Calgary Area
Posts: 2,381
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Silver
Was looking at the markets today and saw that silver is currently at $29.87 What is going on. Is the something a guy should get in on before it hits really high numbers?
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07-21-2020, 05:42 PM
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Join Date: May 2007
Posts: 1,744
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No kidding! Keep it going! They say it will keep going for now! I like it!
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07-21-2020, 05:43 PM
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Join Date: Oct 2010
Location: central Alberta
Posts: 12,628
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Definitely something to consider. 5 or so years ago they were hyping silver up on the radio and it jumped from 14 bucks to 45. Someone made a bunch of money because they sold a bunch and then prices dropped because there was more on the market. Just set a goal and don't get greedy.
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This country was started by voyagers whose young lives were swept away by the currents of the rivers for ten cents a day... just for the vanity of the European's beaver hats. ~ Red Bullets
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It is when you walk alone in nature that you discover your strengths and weaknesses. ~ Red Bullets
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07-21-2020, 05:53 PM
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Moderator
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Join Date: Jun 2010
Location: Stony Plain
Posts: 6,629
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Wow , I bought several years ago at 27. It went to 49. I thought when it hits 50 I’ll sell lol this is the first time since then I can look at breaking even. 😂
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07-21-2020, 05:59 PM
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Join Date: May 2007
Posts: 1,744
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Just hit $30.00
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07-21-2020, 06:03 PM
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Join Date: Jul 2009
Location: Lacombe, AB
Posts: 1,404
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More of a function of our weak dollar than anything.
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07-21-2020, 06:17 PM
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Join Date: May 2007
Posts: 1,744
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Yup but love it!
Quote:
Originally Posted by sillyak
More of a function of our weak dollar than anything.
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07-21-2020, 06:50 PM
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Join Date: May 2007
Posts: 1,744
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$30.60 I like what I see! But know it could go the other way quick!  But NICE!
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07-21-2020, 06:51 PM
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Join Date: Mar 2008
Posts: 2,072
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I hate silver, I near got bit in 2012 when I got a hot tip on silver. I decided I wanted 100lbs of physical silver. ( around 1460 t oz IIR?) I think it was around $35 then. I had my mind made up but a good friend of mine talked me out of it even though it was "about to skyrocket". I took that friends advice and every time I look at silver it reminds me of that story.
Personally, I wouldn't risk it at this point but I said the same thing about bitcoin when I first heard of it.
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07-21-2020, 06:59 PM
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Join Date: May 2007
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Depends when you get in! Big time! Buy low -sell big!
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07-21-2020, 07:07 PM
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Join Date: May 2007
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$30.08 now, shows the movement of price in short time line!
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07-21-2020, 07:08 PM
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Join Date: Mar 2008
Posts: 2,072
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Quote:
Originally Posted by badbrass
Depends when you get in! Big time! Buy low -sell big!
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Oh really? That's a good concept, did you come up with that on your own? What did you buy at and what are you waiting for?
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07-21-2020, 07:12 PM
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Join Date: May 2007
Posts: 1,744
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Quote:
Originally Posted by buckbrush
Oh really? That's a good concept, did you come up with that on your own? What did you buy at and what are you waiting for?
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Sorry! None of your Business!!
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07-21-2020, 07:13 PM
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Join Date: May 2007
Posts: 1,744
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I'm well ahead of the game! FYI
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07-21-2020, 07:23 PM
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Join Date: Mar 2008
Posts: 2,072
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Quote:
Originally Posted by badbrass
I'm well ahead of the game! FYI
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Sure you are. Good luck. Don't get that silver dollar mixed with the rest of the coins in your piggy bank.
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07-21-2020, 07:27 PM
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Join Date: Jul 2009
Location: North Sask.
Posts: 358
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Eric Sprott announce he was purchasing 1.5 Billion in physical Silver.
He is attempting a Silver Short Squeeze....
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07-21-2020, 08:01 PM
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Join Date: Oct 2010
Location: central Alberta
Posts: 12,628
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Let's not forget that gold has gone up from $1200 in 2018 to $1860.00 today. More that 33% increase. Follow the trend on precious metals.
Too bad Trudeau sold off all our reserves and the gold standard isn't followed anymore. Canada could have been rich.
__________________
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This country was started by voyagers whose young lives were swept away by the currents of the rivers for ten cents a day... just for the vanity of the European's beaver hats. ~ Red Bullets
___________________________________________
It is when you walk alone in nature that you discover your strengths and weaknesses. ~ Red Bullets
Last edited by Red Bullets; 07-21-2020 at 08:11 PM.
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07-21-2020, 08:08 PM
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Join Date: May 2007
Posts: 1,744
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Wow you don't know me ? Or what I have in silver? You did not get into it in it! That's fine. But don't crush my bubble! Not that you could! SILVER ON!
Quote:
Originally Posted by buckbrush
Sure you are. Good luck. Don't get that silver dollar mixed with the rest of the coins in your piggy bank.
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07-21-2020, 08:09 PM
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Join Date: Oct 2008
Location: In the shadow of the Valhalla Mountains, BC .
Posts: 9,175
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Thanks, but I prefer 'GOLD' 👍
Quote:
Originally Posted by markg
Was looking at the markets today and saw that silver is currently at $29.87 What is going on. Is the something a guy should get in on before it hits really high numbers?
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When it comes to precious metals, you can follow Silver if you want, but it's the distant 'Second Cousin' when it comes to GOLD (now @ $1,855 ... and still rising).
So far in Gold (and the miners that dig it out of the ground), I'm 'Up' over 70% in the last two years ❗ 
Selkirk
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07-21-2020, 08:11 PM
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Join Date: May 2007
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Yes you are in the good books! But as we see money in bills are not worth much today! print print print!
Quote:
Originally Posted by Selkirk
When it comes to precious metals, you can follow Silver if you want, but it's the distant 'Second Cousin' when it comes to GOLD (now @ $1,855 ... and still rising).
So far in Gold (and the miners that dig it out of the ground), I'm 'Up' over 70% in the last two years ❗
Selkirk |
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07-21-2020, 08:14 PM
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Join Date: May 2007
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GOLD! My son is in it also! And doing great! Keep it going!
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07-21-2020, 08:23 PM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,229
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It may be getting close to sell time then, I've got a few pounds of maple leafs and buffalo heads sitting around.....
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'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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07-21-2020, 08:26 PM
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Join Date: May 2007
Posts: 1,744
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Quote:
Originally Posted by Twisted Canuck
It may be getting close to sell time then, I've got a few pounds of maple leafs and buffalo heads sitting around.....
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My thoughts!
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07-21-2020, 11:01 PM
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Join Date: Feb 2016
Location: West
Posts: 210
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Bought some this morning...while the price may seem high this is an unprecedented time...if/when the market corrects silver may take a hit but I believe the current economic system is coming to an end and precious metals always perform in times of crisis...no investment is a safe bet anymore..stock market is a casino and it’s ready to implode..economy is collapsing in front of us..I’m actually surprised more people aren’t talking about it.
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07-22-2020, 04:37 PM
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Join Date: Jun 2008
Location: Calgary Area
Posts: 2,381
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30.95
Silver just hit 30.95 and will likely break 31.00 and Gold is 2513.00
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07-22-2020, 04:44 PM
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Join Date: Dec 2012
Posts: 1,031
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There’s article by the financial post (I believe it was starting of May), in regards to scotia bank getting out of the bouillon game, and class action lawsuits against them for price manipulation, I recommend you have a look!
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07-22-2020, 04:46 PM
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Join Date: Dec 2012
Posts: 1,031
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I would certainly recommend to hold your silver right now, just look at the historic gold to silver ratio and that will shed some light, DO NOT SELL, and if you do, hit me up I will be interested!
Last edited by morinj; 07-22-2020 at 04:56 PM.
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07-22-2020, 04:51 PM
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Join Date: Dec 2008
Location: Alberta
Posts: 24,071
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Quote:
Originally Posted by Red Bullets
Let's not forget that gold has gone up from $1200 in 2018 to $1860.00 today. More that 33% increase. Follow the trend on precious metals.
Too bad Trudeau sold off all our reserves and the gold standard isn't followed anymore. Canada could have been rich.
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That's over 50%
__________________
Only dead fish go with the flow. The rest use their brains in life.
Originally Posted by Twisted Canuck
I wasn't thinking far enough ahead for an outcome, I was ranting. By definition, a rant doesn't imply much forethought..... 
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07-22-2020, 05:47 PM
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Join Date: May 2009
Location: Alberta Territory
Posts: 629
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Bought mine at $7.50 and sold when it hit $26.00. 500 ounces..
Hap Hap Happy..
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Ken.
 Love to Live, Live to Shoot 
Live by the Gun...Die by the Gun...
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07-23-2020, 07:44 PM
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Join Date: May 2007
Posts: 1,744
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Quote:
Originally Posted by kodiakken
Bought mine at $7.50 and sold when it hit $26.00. 500 ounces..
Hap Hap Happy..
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You must have bought it right out of the ground! 
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