RE: RE: $50 Dollar Silver This Year? James TurkActually I can vouch for what Lattes is saying about silver jewelery with my own experience. Yesterday I was at the mall, and noticed a small jewelery stand having an 'end of lease' sale, 60% off. I bought myself a silver pinky ring ( $10 ) and a 28-inch silver chain ( $42 ). They were both complete impulse buys and I'm pretty happy with them, because it turns out the chain weighs almost 2 ounces! I also asked them about polishing cloths for my physical silver ( bars and coins ) and they said they were sold out and directed me to another jewelery store. The other store was also sold out of cloths, but I inquired about the prices of a few pieces, and started talking about gold, silver & the jewelery business. The owner said that his gold jewelery sales are way down since 2007 as a result of the higher gold price, but his silver jewelery sales have actually been
increasing. I ended up buying a cute silver chain with a small gold charm for my girl ( again impulse buy ), because he offered me 50% off after I mentioned the other sale.
And if anyone thought I sold my USA and moved on... nope! I have not let go of one share. I was going to buy even more on the latest pullback but I had to check myself. U.S. Silver is already the largest position I've ever had in any company, in terms of total shares owned, book value of the shares, total fraction of the company owned, or basically any other metric you want to measure it with. I don't think I'm going to even consider letting go of my shares before
.50 but on the other hand I can't let my portfolio get any more out of whack, even though this is still undervalued.
Also, does anyone follow Rob Kiyosaki at all? Interesting article here, in which he predicts Gold $1775 and Silver $24 and oil $85 by the end of 2010. The thing I find interesting is that he actually thinks the G/S ratio will increase, when previously he has been touting silver as the #1 commodity investment. Clearly he believes that the economy and the housing market will worsen, but that there will be inflation / dollar weakness at the same time. I think if anything the ratio will decline.
https://finance.yahoo.com/expert/article/richricher/211091;_ylt=Agzc832Nu4QHG2jc7ONftcK7YWsA;_ylu=X3oDMTFmNHRiNmxqBHBvcwM2BHNlYwNleHBlcnRPcGluaW9uRHluYW1pYwRzbGsDMjAxMHRoZWJlc3Rv(copy - paste)
Anyway I better get back to work. Happy investin