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 Replies: 58 / Views: 21,090 |
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Moderator
 United States
54282 Posts |
When silver was right at $50 per ounce in 1980, I went to a coin show in Houston, TX. The best I could get for my twenty 1 oz silver bars (which I paid $3 each for in around 1972-3) was $39 per ounce. So I sold them. I was lucky, as the price plummeted soon after that because the price was artificially manipulated.
If silver goes to $100 per ounce in the next ten years, and it is NOT caused by artificial market manipulation, then you DO NOT WANT TO SELL IT because the currency you would receive would not be as desirable as the metal. (and you wouldn't be able to actually get the full $100 per ounce).
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Pillar of the Community
United States
1026 Posts |
Who cares all I know is Silver is real money worth something, paper is just that and worth nothing.
We take the notes because everyone excepts them but I believe the day will come in my lifetime when the notes will not be excepted anymore and I am 67 years young. Just my 2 cents
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Pillar of the Community
United States
3343 Posts |
Hey I'm waiting for $10. Don't jinx it.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Pillar of the Community
United States
3789 Posts |
anyone who thinks we are going to see silver at 10 or 12 is probably sniffing some pretty powerful glue. Silver goes higher before it goes lower.
breaking the four year downtrend was huge and the buyers just didnt break the long time downtrend just to walk away and let it fall.
Perhaps after another trip higher silver goes lower from here but you might be waiting for a long time, the PMs are in uptrends so while the corrections are mistaken by novices to signal that prices are going to fall hard, that is not usually the case.
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Valued Member
United States
110 Posts |
joeysanders627
The answer is 100% YES . JUST a matter of time . With Bitcoin and Mr.Musks New Dogcoin not to mention ALL THE NEW CARS,TECH , SPACE TRAVEL ECT... SILVER WILL BE IN DEMAND Very soon ! When gold is too EXPENSIVE to create these Super Technological cars ect silver WILL be in higher demand than EVER in the past . Remember this post . Silver may become the new gold in the near future. Now can Silver fail ? No, not unless a new cheap powerful semiconductor is created and that won't happen in our time . Silver at 75$oz in 3yrs is Highly likely .Gold WILL decrease and silver WILL be 1/11th the Price of gold. In the distant future I see Silver surpassing Gold due to the properties in Silver that can be mixed with it as opposed to gold .
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Pillar of the Community
United States
4333 Posts |
Quote:
The answer is 100% YES . JUST a matter of time . With Bitcoin and Mr.Musks New Dogcoin not to mention ALL THE NEW CARS,TECH , SPACE TRAVEL ECT... SILVER WILL BE IN DEMAND Very soon ! When gold is too EXPENSIVE to create these Super Technological cars ect silver WILL be in higher demand than EVER in the past . Remember this post . Silver may become the new gold in the near future. Now can Silver fail ? No, not unless a new cheap powerful semiconductor is created and that won't happen in our time . Silver at 75$oz in 3yrs is Highly likely .Gold WILL decrease and silver WILL be 1/11th the Price of gold. In the distant future I see Silver surpassing Gold due to the properties in Silver that can be mixed with it as opposed to gold . Don't bet money on it. The banks will determine the price, as they always have. BTW, Silver spot dropped into $11 last spring lol. 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
 Canada
665 Posts |
And talking about the Zombie apocalypse... this thread has re-emerged  Like all commodities, Silver and gold are driven by three market forces... 1) Cost to deliver... In the case of Silver, this is a combination of the cost of mining, refining and delivery to market, offset by product available from recycling and product available from stockpiles. This has been fairly stable for quite a long time. 2) Supply & Demand While there is sufficient supply to meet the demand, there is little to move the cost of Silver significantly beyond the cost to deliver. If there should be a significant shortage in supply vs. demand then the cost will also shift (remember toilet paper as the pandemic response ramped up in 2020). Again, this has been fairly stable for quite a while. 3) Market manipulation. Now given that cost to deliver and supply & demand have been fairly stable over the last few decades, the primary driver in significant fluctuations in the market price is market manipulation by those who have sufficient funding to move (albeit temporarily) a market. Changes in the price of oil or confidence in the US Dollar causing moves in otherwise stable silver is purely manipulation. Quote:
Who cares all I know is Silver is real money worth something, paper is just that and worth nothing. 100% disagree. Money is whatever can be used as a medium to complete a purchase transaction. Silver and gold were historical money... Prior to that were shells and beads... Now it is paper or actually... plastic & credit. You cannot buy a loaf of bread or a litre of petrol with silver... only the current national currency for your country. Even if you could... you would be subject to arbitrary conversion rates.. when was the last time you bought or sold any PM for the market rate... there is always a variable premium that grows depending on a manipulated perception. |
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Pillar of the Community
Russian Federation
5174 Posts |
Quote:
100% disagree. Money is whatever can be used as a medium to complete a purchase transaction.  Silver is "worth something" because other people say it is. The same is just as true of most other forms of money. If dollar bills are just fancy paper, then silver is just shiny rocks. (I'm only saying "most" because there are some forms of money that do have intrinsic value. Admittedly this kind of "money" is usually referred to as "barter". Common modern-ish examples are alcohol and cigarettes; historically there was also cattle and grain.) |
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Valued Member
United States
182 Posts |
When it hits $100, a Big Mac will cost $20. Might get up there but we'll be dealing with inflation all around, but nevertheless, glad I have money protected in metals.
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Pillar of the Community
United States
4333 Posts |
Quote:
Silver is "worth something" because other people say it is. The same is just as true of most other forms of money. If dollar bills are just fancy paper, then silver is just shiny rocks. Except for the fact that mining, labor and production costs back metals. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
231 Posts |
Silver is worth something not just because other people say so, but because of its unique properties as a metal that provide significant utility to human beings, and its relative scarcity. There is intrinsic value to silver that is undeniable, which is why there is so much history of silver being money and why people agree it is worth something. There is silver in the devices we use to communicate with each other on this site, as one example. Silver is vital for cars, solar panels, electronics, jewelry, medical uses, and so on. The list is quite long and supports the value of silver. Plus, it is nice and shiny and you can make beautiful coins from it!
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Bedrock of the Community
United States
94367 Posts |
Silver is "worth something" because of supply and demand in an open world-wide market. To suggest its value is due to "what other people say it is" is a meaningless remark.
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Pillar of the Community
United States
5189 Posts |
Same can be said about Gold.
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Valued Member
Canada
128 Posts |
Lumber has gone up over 100% in the last year. ,in Canada carbon tax is being added to everything and massive debts are being created that have to be paid for generally from taxes or money printing. So wages have to go up to cover all these higher expenses . Silver is an industrial metal for all the reasons that "Winterfell" gave as well as an inflation hedge . Copper ,palladium , platinum , corn , wheat and flax are all climbing as well . The average house price in Toronto is now over a million dollars . Inflation +++ coming our way . When "MMT" and the great reset fail then I see another reason for silver as well as gold to go up when we see a currency reset .I think money will devalue to the point where the purchasing power in ten years will be worth half what it is now .Just my opinion and I hope I am wrong but am protecting myself in case I am right.
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Pillar of the Community
United States
600 Posts |
Regardless of whether you do a CPI-U, PCE, BPP, or other type of inflation analysis, silver must eventually reach $100/oz. Gold and silver will continue to be slightly better than putting cash in a mattress (who does that?) and worse than owning companies/stocks or real estate. Possible good short-term investment, probable bad long-term investment, just as it has been for 55 years.
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Replies: 58 / Views: 21,090 |
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Posted 10/18/2016 07:46 am
