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Gold/Mining/Energy : Silver prices

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To: ~digs who wrote (7502)6/14/2008 5:05:33 AM
From: ~digs   of 8010
 
regarding silver.. for several years it has been my habit to sweep speculative stock profits into physical silver bullion .. during the last run-up, i sold a small amount of my holdings .. even had one fella pay me $2100 for a 100oz ingot .. he wanted more but i told him that my sales were over until $25+ per ounce. well, for now, the froth is gone- meanwhile i'm looking to replenish, and then some.. i see about an 80% chance of a dip in the price of silver to below $16 , where i plan to begin buying.. i think we have about a 20% chance of seeing sub $15.. if we get those prices, it is possible that most of net worth will be in the form of late 1980's style doorstops
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