How Low Will Silver Go!

If it goes to 15 $, I will buy a lot of silver :)

Sort of, its not that theres no real cost to it its just that the cost is variable and to an extent you dont know the actual cost until the product is out of the ground and your counting ounces. Its really no different than any type of commodity. The farmer doesn't know how much of his crops hes going to get until its actually harvested or the oil company doesn't know the exact amount of oil in a well until they cant get anymore. Same with silver, you can take rock samples and take guesses, but until its above ground you dont know the exact amount youre going to get.

Its also not going to cost the same to get. If theres a heavy concentration or an easy group to get that will cost less than if you have to dig deeper for a less concentrated area. Ill use oil as a comparison again but it doesn't cost them the same to get the oil from say a well in Texas as it does from a deep sea platform in the North Sea.




Theres not enough to use as money just because weve grown to large as a population and theres to much money in the world without significantly revaluing the metals or having such an insignificant amount in it that it wouldnt matter. There is a very large supply of it above ground through since it isn't a consumable good like oil or a crop, but with between 50 to 100 trillion dollars in the world with around 25 trillion of that being cold hard cash thats a lot of metal.

with the proliferation of electronic goods and solar panels Silver IS a consumable and is getting used at a greater rate every year.
At 100 trillion dollars worth at $20 per oz you are saying that there is 5 trillion oz of silver available without mining any more, That is a massive amount of metal.

these figures MAY exist in Paper Silver , But I doubt very much that there is that much Physical silver on hand.

IF One of our mathematician members can convert 5 trillion ounces into tonnes It would be an interesting number I would hazard to guess.

Im not sure whats going on down under where you are but in the US we already have recycling programs thats recovers metals from electronics. That will continue to grow over time and less and less will be lost.




I wasnt talking about silver amounts, thats the amount of wealth in the world. Thats what would need to be covered for silver to become money again and that number keeps growing over time. Its just not possible to do which is another reason why it wont ever be money again in first world or even second world countries.

I agree though it would be interesting to see what value would have to be placed on it. I think its safe to say though whatever the actual number is its something far to high to keep making electronics with it without some severe price increases.

Arnoldus---It wouldn't be prudent to bet your life on the thought that silver "...will not fall down again." According to the Kitco chart, between 6:43am and
7:43am today, there were 31 identifiable peaks from which silver spot fell back down every time. Saying that silver spot "will not fall down again" is just
silly. It's always going up and down, back up and back down, etc ad infinitum and it'll continue to do so in whatever time period you care to measure.
The only exception to that is weekends and some holidays when there are no exchanges open or trading going on.

BTTB---I wish you were right, but it just isn't that simple. You should definitely go bounce that theory off of the gang in our main market analysis thread --
https://goccf.com/t/142068 -- I think if you do, your theory will get eaten alive.

You said "...silver is rising ever so slowly..." and silver "...can do nothing but go up..."

Here are some silver spot prices and dates from the Kitco historical charts---4/9/11=$47.94; 9/14/12=$34.68; 9amEST today=$24.93; 9:34pmEST today=$24.14.

Although silver spot rebounded from $18.50 back up to the present $24.14 in the last 60 days, it spent the 27 months before that dropping from $47.94 down
to $18.50. The last 29-month period is not a picture of overall rising silver spot. It's a major downturn with a very small pickup at the very tail end of the period
and it even dropped significantly in the last 12 hours today.

As for silver spot being able to "...do nothing but go up..." -- The last two years of spot performance don't support that view. It'd be nice if we've bottomed out and
it's going to be nothing but "to the moon" from here, but the last 12 hours don't make that look too certain.

But---I'm just a disingenuous, uninsightful amateur at this stuff and this thread isn't really "where it's at." You should lay your view on the regulars in that other thread.

After the bottoming-out around $18.50 we've had a bit of a "recovery upswing" (NOT approved jargon--just my personal description), but the upswing has been faltering in the >$25 area.
I kind of doubt the upswing will continue--I think spot will keep on knocking around in the >$25 area or maybe start falling back down again. That's about as precise as I'll dare to get.