GOLD OR SILVER -> Did You Know?

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TOPIC: Did You Know?

Posted By: Gary P. Posted On: Jan 8, 2009 Views: 1331	Did You Know? The annual silver price averages were: 2004 $6.66 2005 $7.31 2006 $11.55 2007 $13.38 2008 $14.90
Posted By: George B Posted On: Jan 21, 2009 Views: 933	RE: RE: Did You Know? Gary is right on target and so are the majority of poll respondents. Although it's hard to predict when the recession willclear, I'm anticipate that silver will be in the $25 to $30 per ounce range within 3 years. There is a world wide short fall in the amount of available silver needed for industrial use so prices will stablize in the $10-$14 range. There is such low risk in building low price silver coin collections that I don't understand why everyone is not doing it. Ten years now people will be looking back and kicking themselves. Todays Morgan, Peace Dollars, BU condition, $30-$50!! Multiply those prices 5x's over. And clearly a second great silver coin melt will hit once silver hits into the $30-$50 per ounce. For those of you who may remember, the Hunt Brothers manipulated of the silver markets in the early 1980's lead to the melting of 1000's of silver coins both circulated and uncirculated. Those common circulated and BU low priced silver coins of today will be in short supply and dearly priced in the future.
Posted By: John M. Posted On: May 9, 2009 Views: 693	RE: Did You Know? I think silver is a good investment with a lot of upside potential in the next couple of years. Higher grade silver coins should out preform junk silver or silver bars and rounds.