posted on April 1, 2004 04:49:26 PM new
Where is silver bullion going this month???
$10.00 ? $20.00 ? $50.00 ??
[ edited by JEWELRY21 on Apr 1, 2004 04:52 PM ]
posted on April 2, 2004 08:54:39 AM new
My husband checks that everyday. Jumping for joy when it goes another point. Remember back (Ithink in the 80's) when It was so high. I doubt if it will get there again but it would be nice.....
posted on April 2, 2004 09:02:15 AM new
I remember taking a little over $2 in coin silver in and getting over $100 way back in the 80s.
But if I recall the Hunt brothers were trying to corner the silver market and that drove the prices well above a normal inflation driven market. Don't think there is anyone very wealthy people trying that now, and the Hunts lost a ton of money.
In any event bullion prices point to two problems; inflation and/or lack of confidence. If it's a lack of confidence, I would sell into the market at my profit marks and not worry about timing it just right because gains can be wiped out overnight. If it's inflation driven, I would hold and try to time the market.
At this point it looks like a confidence driven market.
posted on April 2, 2004 09:09:14 AM new
I knew an elderly fellow that had worked as pump attendent for over 40yrs, and over the course of those forty years, he had picked out over ten thousand dollars in silver change. He had a particular affinity for silver dollars and they were the bulk of the silver change he collected. Well anyway he sold it all when the silver dollars hit 39 x face value, thus ending his career as a pump attendent.
posted on April 2, 2004 05:32:48 PM new
there is a ratio between gold and silver,i dont recall what it is,does anyone know??
7 : 1 ???
it is both perceived inflation and industrial demand of silver which makes silver go up.
silver is viewed as poor man gold.
-sig file -------we eat to live,not live to eat.
Benjamin Franklin
posted on April 4, 2004 02:15:44 PM new
the conventional way of taking photos and having them developed is still alive and well in other parts of the world,say china.
but silver is also used in other industries.
it is also mined as a byproduct of other metals,so when these metal prices go up,so does silver.
reamond,
it took me a long time to figure why gold is trashed in 80s and 90s,it is the us dollar which is preferred over gold.now the us dollar has weakened,gold is back .
as chinese and indian eat well and earn more,they will demand gold for hoarding,for jewelry,18k is the least they expect for their gold jewelry.chinese wants at least 18k gold,if not pure gold,indians are worse,they just dont want gold only,it has to come with precious stones,such as ruby and saphire,they shun semi precious stones.
all you ladies out there-pay attention to this-indian upper class ladies go to a jewelry shop in the morning,in group of 3 or 4,look around,eat lunch,laugh and joke and buy a few pieces and come home at 4 pm.
what a way to spend a day,i am sure domald trump would approve of,as long as it is not his wife who is in the party of 3 or 4.
-sig file -------we eat to live,not live to eat.
Benjamin Franklin
posted on April 4, 2004 04:28:11 PM new
With the new image digital systems x-ray film will be extinct. Silver was used as a base for that. In the 50's x-ray film contained a lot of silver, slowly but surely it has dwindled to now none with the digital systems they have.
posted on April 4, 2004 04:39:26 PM new
here is what i have foound-Industrial Uses
Because silver does not react readily with organic acids and bases, it is used for lining vats, tanks and other containers in the chemical and food industries. Because of the metal's high electrical conductivity, it is used for making printed electrical circuits and as a coating for electronic conductors; it is often alloyed with such elements as nickel or palladium for use in electrical contacts. In the photography industry, silver compounded with bromine or chlorine forms light-sensitive coatings that register images on films.
Silver acetate serves as an industrial oxidizing agent and laboratory reagent.
Silver nitrate is used in silver plating, hair dyeing, and manufacturing ink, glass, and mirrors, and as a strong antiseptic.
Silver oxide, a dark-brown powder, is used in medicines, in coloring glass, and in purifying drinking water.
Silver iodide, a pale-yellow powder, is used chiefly in medicines, in photography, and in cloud seeding to produce rain artificially during drought conditions.
-sig file -------we eat to live,not live to eat.
Benjamin Franklin
posted on April 4, 2004 04:40:28 PM new
silver jewelry can be rather striking with the right design and the right stone ,it goes very well with black dress.
-sig file -------we eat to live,not live to eat.
Benjamin Franklin
posted on April 4, 2004 06:05:45 PM new
Thhe largest industrial use of silver was in photography but advances in digital are putting down ward pressure on price as demand from this sector is down. Seasonally silver price usually peaks sometime in the last quarter due to demand from the jewelry industry. If I were sitting on a large amount of silver I'd be in no hurry to sell into this market.
Friends don't let friends vote Republican!
posted on April 4, 2004 06:54:03 PM new
i prefer gold over silver.
i fi have gold now,i will hold on to it and watch it go higher,it may take a while but it will.
but then i dont hold physical gold,it does not pay me interest.
-sig file -------we eat to live,not live to eat.
Benjamin Franklin
posted on April 4, 2004 11:32:44 PM new
Monday, Apr. 5, 2004.
Geologists Claim Massive Gold Find in Altai
Combined Reports Russian geologists have discovered massive gold deposits in the southern region of Altai with estimated reserves of up to 1,000 tons of the precious metal, a regional official was quoted as saying on Friday.
Anatoly Zaitsev, Altai's top geologist, was quoted by Itar-Tass as saying that total discovered reserves of gold, silver, copper, zinc and lead in northern Altai are estimated at 60 million tons.
Undiscovered reserves could be five times higher, he said.
By comparison, Sukhoi Log, the world's second-largest undeveloped gold deposit also located in Russia, has estimated reserves of 1,029 tons of the metal.
Altai's biggest deposits include Rubtsovskoye, Zarechenskoye and Korbalikhinskoye, where exploration has already started.
The earthquake-prone Altai region sprawls along Russia's border with Mongolia, Kazakhstan and China and is one of the country's biggest grain-producing areas.
Russia, home to one of the great unexplored gold regions, is now at the center of the investment radar for the world's big mining companies and domestic prospectors on the back of high gold prices.
The country is opening up to them at a time when growth at the top end of the mining industry can be difficult, dangerous or very expensive to achieve.
