Could the Price of Silver Rise to $100 Per Ounce in 2011? Should You Buy?

Copyright 2011-3011 by Chase Kyla Hunter All Rights Reserved.

Folks who took my advice in January 2010 would have gained 83 percent on their silver investments. Cherokee wise lady still says: buy silver.

11.13.2010 Update: Yep, I was right! The sudden uptick began on August 11th, and has rocketed silver bullion into the stratosphere of nearly $30 an ounce, before today’s slight correction. I predict that we may see at least $35 per ounce silver bullion by year’s end 2010. Now is a good time to buy. In January 2010 I wrote:

Experts Predict Silver Prices to Soar in 2010. What Silver Bullion Coins Should Americans Buy?

Those experienced in the study of movements in metals during times of national crisis are speaking and speaking loudly about the forecast for the price of silver in 2010.

Investors who are seeking safe harbor for an increasingly flaky dollar are listening. I noted earlier today in another post that people are already using classic silver collectible coins and silver bullion to buy groceries in the Los Angeles basin, where some grocery stores have accommodated the new demand to accept .999 pure silver coins for grocery purchases, as it is more profitable for them to accept silver coins than dollars.

It’s just common sense. This news about grocers in southern California is an omen of things to come – sooner, rather than later, in other parts of California and in other states as well.

I’ll be writing about the silver coin trends and rising silver price forecasts extensively on AF in 2010 and I now have anoher new blog dedicated to helping new investors in metals to find their way along.

Americans need this information to protect their finances and they need it quickly.

Time is running out to find safe ways to protect one’s assets and wealth. Apparently one of the top priorities of the Obama White House is to devalue the dollar as quickly as possible by escalating the nationa debt to unimaginable levels: 14.3 trillion dollars.

Were you aware that our entire current USA money supply [ the amount of total currency in circulation] is only 10 trillion dollars? The Obama White House has now spent more money [printing press money ] in his first two years in office than had been spent prior in the entire history of our nation.

Were you aware of these facts? Are you learning all that you can to begin buying gold and silver bullion and coins as quickly as you can?

$100 per ounce silver in 2010?

I wrote about the prospects during the spring of 2010 for a sudden big uptick in the price of silver earlier, and I would like to reiterate my deep gut feeling on it:

These types of sudden upward moves in silver prices usually happen after a gradual correction downward, and they tend to take the inexperienced metal investing public by surprise.

Silver recently corrected back down to about $17 per ounce, from a high of around $18.50, but any new twist in the global economic meltdown i.e. for example, the recent collapse of Greece’s economy, could set off one of those hard to predict “upward price escalating chain reactions in silver bullion” that could very suddenly elevate the price of silver bullion almost overnight.

Silver prices do not always follow gold in tandem. Folk wisdom says to buy and accumulate silver while the price is still depressed at under $20 per ounce. The $20 per ounce price range represents a “psychological threshold” and once silver passes that mark, all bets are off as to how high it could go.

Buy silver bullion and hold it. That’s the recommendation.

For those who prefer gold, a good place to start is with a modest purchase like the one below.You can click the image to go direct to the Amazon.com orderiing page. Free Shipping option.

Copyright Chase K. Hunter 2010-3010.

Re-posts are permitted leaving all content & links intact.

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13 comments

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  10. Glen Woodfin

    I have started collecting silver coins after I have read this post last year and now I have no regrets because I am still collecting and earning as well. Thanks for this wonderful post.

    • CK Hunter

      I’m so glad to hear this! Keep on collecting but be sure to keep plenty of cash on hand as well. Bank closures can and do happen suddenly in world scenarios like what we are watching now. You might benefit from reading some recent posts on my main blog which is:

      Alternative News Forum
      http://alligatorfarm.wordpress.com

      Chase

  11. misandrist

    I bought in in 2007. I have been on a long ride and I foresee things taking a tumble next year.

    • CK Hunter

      When it reaches about $46-48 again, if it were me I would sell and take your profits on most then leave just a little in silver. There is a psychological threshold of $50 per ounce silver that the Rothschilds family in London does not want to see crossed. They control the world market in gold and silver from London. Be really careful. Don’t buy now and get out before $48 again. Just my opinion. Remember, you can’t eat your silver. Cash is still king.

      Chase

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