Official ODT Silver Thread

[canoecanoe]

Always keep in mind that the value of gold and silver does not change. Only the value of currency changes.An ounce of silver is always an ounce of silver. It's perceived monetary value rises and falls with the strength or weakness of any given currency.

 

[Chatsworth]

Always keep in mind that the value of gold and silver does not change. Only the value of currency changes.An ounce of silver is always an ounce of silver. It's perceived monetary value rises and falls with the strength or weakness of any given currency.

How so?..Metal isn't tied to currency...The value of the metal is based on supply(perceived) and demand.

 

[canoecanoe]

A strong dollar has more buying power and can purchase more than a weak dollar. It therefore can buy more silver per dollar, driving the price of silver down, in terms of the dollar. We are seeing this now.

The converse is true for a weak dollar which has less buying power and will therefore buy less silver, driving the price of silver higher in terms of the dollar. This is true in times of inflation. The more inflation, the higher the price of silver in dollars.

The silver value is the same. It just takes more or less dollars to buy an ounce.

Yes, supply and demand can influence the price also.

 

[Horsehat]

The only investment advice you will ever need to successfully invest in metals or for that matter anything else, given by Jonathan Sacks, buy when others are selling, sell when others are buying. I could only add to that, never deal on emotion.

 

[500mag]

It always goes up in January, so you want to buy this month....

Told you guys.....

 

[Al Capone]

Where's @chucklenut

 

[canoecanoe]

Silver fluctuations are a win/win for me. Buy when the price drops, enjoy the increase in value when the price goes up.

 

[3clicks_Off]

it will go back down since Silver is still over inflated.
Typicall New Year spike to try and jump the year off right.
just my SWAG

 

[Horsehat]

Gold i

it will go back down since Silver is still over inflated.
Typicall New Year spike to try and jump the year off right.
just my SWAG

Gold is trading at a 72 multiple to silver right now, feel like silver is underpriced based on that, either that or gold is drastically overpriced.

 

[3clicks_Off]

Gold i

Gold is trading at a 72 multiple to silver right now, feel like silver is underpriced based on that, either that or gold is drastically overpriced.

I personally think Gold is way over priced and has been for 15 years. I haven't bought gold since it went over $300 per ounce around 2000-2001. I haven't sold any either other than scrap jewelry