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 Replies: 58 / Views: 21,087 |
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Pillar of the Community
Australia
7096 Posts |
Quote:
On the other end of the spectrum, silver was at $0.28 for all of 1932. In 1932 28c would probably have the same if not more buying power than $20 has today  |
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Pillar of the Community
United States
3789 Posts |
NO one can predict the future. Furthermore, before one can start talking about 100 an ounce silver, price FIRST has to breach its all time highs.
IF the historical all time highs from the 1980s can be broken, probabilities are high, that silver has plenty of blue skies and no sellers after that. Price can expand then rapidly, as it did when gold hit the 800s and proceed to run higher.
Seeing all the pessimism to why it wont happen also adds a secondary element to higher prices.
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Pillar of the Community
United States
1027 Posts |
The site I gave earlier has the inflation adjusted price of silver going from $4.64 to $5.07 during 1932, but who knows what they are using to do their adjustments.
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Valued Member
 United States
408 Posts |
I think there may be a speculative reason why silver may hit $100 in the next five years. The reason being the panic in the markets caused by Brexit speculation. That could drive up the price for a brief time. That's my guess.
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Valued Member
United States
154 Posts |
Another thing that could give PMs a boost would be a Trump presidency.
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Pillar of the Community
United States
4333 Posts |
Not as long as there's paper silver.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
Norway
1358 Posts |
Theoretically, yes, silver can hit $100 within the next 5 years. However, it would probably require World War III to start soon or the US to go bankrupt. If we all believed in Nostradamus and his babbling, that former will most likely happen soon. He didn't say anything about the latter, though.  Now I don't believe in such babbling. I think that silver will drop in value again as soon as the US presidential elections are done and the Brexit deals are signed. I do believe the silver price (just like the gold price) is a good indicator of how much unrest and uncertainty there is in the world. So if there's a new president, Brexit is done and Putin and Erdohan keep a bit calm, all should be ok for bullion to drop in value, actually. |
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Pillar of the Community
United States
992 Posts |
Yeah, silver may hit $100.
The question you should be asking is, what would cause such a situation? Brexit? Inflation ramp up? Currency collapse? International crisis? That's what you need to be considering, the price of silver does not occur in a vacuum.
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Pillar of the Community
United States
1795 Posts |
Not in our lifetime it won't!
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Pillar of the Community
United States
1005 Posts |
And there are quite a few people with as much money as the Hunts. It would just take one of them to go off the deep end and repeat the scheme the Hunts used to get rich quick and drive the price perhaps even higher for $100, even if for a short time.
In that case, good luck finding a buyer at those prices.
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Bedrock of the Community
United States
10982 Posts |
Quote:
And there are quite a few people with as much money as the Hunts. It would just take one of them to go off the deep end and repeat the scheme the Hunts used to get rich quick and drive the price perhaps even higher for $100, even if for a short time.
In that case, good luck finding a buyer at those prices.
In theory that may be true but with paper silver like SLV, SIVR, etc, the associated puts/shorts/options, and the monetary size of today's silver market it is almost impossible. The markets certainly can be influenced up and down but only a huge entity like the top world banks (public and private) exert much control. The current world silver market (physical & paper) is well over $1 trillion/year. Some say several trillion. No person or small group of billionaires can do what the Hunts did. In fact when Buffett bought more than the Hunts did (130 million ounces in '97) the price went from $4.50 to $6. And that's a bug jump percentage wise but not repeatable say from $20 to $30 even, let alone to $100. |
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Pillar of the Community
United States
1005 Posts |
Ah very good point I had not appreciated the true extent to which the market has expanded since 1980. In the case I am in agreement.
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Pillar of the Community
Russian Federation
5174 Posts |
From my perspective, silver prices today are about the same as in late April 2011 (when I bought most of my silver): 40 rubles/gram. (Okay, today they're stable around this value, while in 2011 they briefly went higher.)
Will they hit 100 rubles/gram within the next five years? Easily. (Not that I want it.) But hardly anyone will notice outside my country.
I hadn't calculated before when the peak silver price from my perspective was; best I could figure out from the charts, as far as the last 10 years are concerned, the April 28, 2011 peak of 43.08 rubles/gram was not beaten until July 28, 2016, and the current peak was reached on August 2, 2016 (44.40 rubles/gram).
Some dates in December 2014, early 2015 and January-February 2016 reached the high 30s, however (notably January 21, 2016, when the price from your perspective was $14.09/oz, less than 3% up from the 5-year low, while the price from my perspective was 37.23 rubles/gram, only 15% under the 2011 high).
Edited by january1may
09/24/2016 09:25 am
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Valued Member
United States
408 Posts |
Silver is falling in price. How low can it go? I wonder.
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Pillar of the Community
United States
4333 Posts |
As low as they need it to be.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Replies: 58 / Views: 21,087 |
First Page
Posted 09/18/2016 2:18 pm
