At one time there was speculation that silver could reach prices as high as 200 dollars an ounce... though I never actually believed that prediction the general belief that prices reaching a hundred dollars an ounce were widely accepted. Now I no longer see such optomisim among speculators and in fact I cannot seem to find any reports where somone wants to make any predictions at all. Anyone else heard anything?
2007-02-11 11:07:10 · 5 answers · asked by Neveron 1 in Business & Finance ➔ Investing
"Precious metals" in general are a 'hedge'. Since (allegedly) they have integral value, one only invests in them if one believes the stock market is about to tumble or fail.
Since every aspect of daily life in the "West" is now inextricably linked with the World Market, there is no place for 'precious metals' in the thinking person's portfolio. If the Stock Market collapses, the entire economy collapses. If the economy collapses, having a dozen bars of pure gold will be of little or no value; what you will want to have is FOOD or WATER or SOAP or ASPIRIN!
For about $200 you can buy a pound of silver, or about 1500lbs of flour. Which do you think will be more useful to you in the event of an economic collapse?
Precious metals trading is a useful tool if you are an international bank, but it is of no value to "regular folks", unless they make their living convincing others they should buy precious metals!
2007-02-11 11:26:27 · answer #1 · answered by Anonymous · 0⤊ 2⤋
The monthly upside side to silver is 1481 per ounce the contacts are 5000 ounces. You can trade on margin through a futures broker. To learn about futures visit http://www.genphn.com they have trading courses.
2007-02-12 08:40:28 · answer #2 · answered by Trader G 6 · 1⤊ 0⤋
silver prices will explode just as soon as we get rid of this obama regime
2015-06-02 16:57:22 · answer #3 · answered by dead man walking obama 1 · 0⤊ 0⤋
200 an ounce???never..
maybe in year 2200. inflation...
expect to fall backwards...as market normally does...ref the 1970.s
2007-02-11 11:25:33 · answer #4 · answered by cork 7 · 0⤊ 1⤋