How Low Can Silver And Gold Actually Go?

Ya I don't know what would make it viable to mine asteroids , $2000 gold? If the Crooks running the show had an asteroid mining company then you would see $2000 plus gold in a few weeks lol. I think we should send the banksters,lawyers,wallstreeters with a one way ticket to an asteroid with a 5000 year orbit .....

Astroids will get mined at some point regardless of PMs to see what they have and get other rare metals particularly things that china and russia control the majority of. Its not going to happen any time soon though. We can get samples from them thats about it. Its a decade or more away especially since we dont even have a space program anymore and the private sector is still working on rockets and more concerned with how to get space tourist flights to make money.

As far as minimum wage and value of the dollar they dont have any direct impact on the mental price other than how much money people have to spend on them. PMs arent money anymore and operate on their own. When people see prices they arent think that 5 dollar silver cost more 30 years ago theyre just thinking its 5 dollars or 10 dollars. Very few people factor in inflation when they look at prices

Am I the only one nervous about the thought of somebody trying to move a large asteroid closer to the Earth for mining purposes? I'm assuming it would have to be moved into Earth orbit in order to make the mining feasible. But what if the calculations are off a bit or something goes wrong? Has nobody watched Armageddon?

Lol barry. Were so far from astroid mining especially on a large scale I don't think we need to worry. Completely agree though if were going to be trying to move them closer we might as well start building under ground cities now.

Miz were just no where close. We can barely land a probe on them much less land a mining machine that can then recover the materials and bring them back. Yes private money is doing it and the finanical incentive isn't even remotely there right now. The amount of money that will have to be poured into it to get something viable is insane, it'll cost 100s of billions if not trillions. They're money is going to travel with some exploration of mining. Its not the 1960s land a man on the moon type effort. Were at least 20 years away minimum and I'd bet we never see it in our lifetime. Remember we were supposed to have flying cars by now.

Maybe we thought you meant how low can silver in an asteroid go down... into the atmosphere...before burning up...

Ok, this probably means nothing, but I can't seem to get this number out of my head, so I'm calling it the bottom:

$15.30

But I'm a buyer for any figure under $18!

I am sure glad that last year when I got into pms and coins I changed my original plan of stacking silver. Somehow (Not quite sure how it happened, maybe my addictive personality) but I changed my philosophy into collecting (stacking) silver coins with numismatic value. Actually all coins for that matter. At least this stuff has held its value.

@hobbyguy they are called semi numismatic , some are worth more then others , some hold their value better then others , some are not worth much more then the bars of bullion, if you do some research you will see which ones you might like and which ones you may want to avoid if your intent is for the collectors side of bullion and not just too stack for the sake of stacking.