Silver Price

If Obama is reelected come November I believe gold and silver to sky rocket to $50 to $60.00 an oz.16 trillion dollars in the hole in this country and he wants to print more$ ? Are you kidding me?How many bailouts does he need to figure out it doesn't work.
If Romney wins I believe silver to balance between $20.00 and $35.00 for a few years.
Thats my prediction and I'm sticking to it

I believe those in the positions of power will continue to manipulate
not only the paper stock market, Jobs Numbers, and every other economic
indicator with numbers that will continue to suck in peoples money
in the mistaken belief that their money will be safe in the system.
While they with paper manipulate the price of precious metals down.
and on the other side they load up on physical metal while the price
is cheap.

In preparation for the next monetary system that is coming.

These people in no way are ignorant or unaware in any way to what is
coming. These things have happened many times in the not so distant
past. (research Argentina 1999-2002) and there are many more examples.
Those in power are right now positioning themselves to still be in
power when we come out the other side of the coming economic crisis.

Test runs on events are taking place on smaller scales have been
taking place for some time now, (MF Global,Libya,Greece)
Outright theft of Gold, Silver and peoples accounts.
Libya by invasion. one of the first things to go missing in Libya was
their Gold. Greece is being black mailed to give up their Gold.
MF Global was an outright theft of peoples precious metals and
accounts. and here we are a handful of months later and no one
hardly even mentions MF Global anymore. Certainly not in the
Main Stream Media. They got away with it.
They will be going after retirement accounts before it is over with.
I would bet a shiny silver quarter.

The price of Silver will stay low until things just implode
then all bets are off as to where it will be valued.
I am sure it will be much higher than it is now.

For a good amount of human history,
One Days Hard Human Labor cost 1/10th of an ounce of Silver
Roughly One Pre 1964 Dime.

Might give you an idea where the price may end up.
Now that the U.S Dollar is very quickly losing it position
as the World's Reserve Currency which more than a generation of
American's have NO idea how lucky we have been to have that position
in the world. Well the rest of the planet is flat out running
away from the U.S. Dollar as fast as they can right now.
Making deals on a very regular basis in the last year to trade
directly with their own currencies or Gold bypassing the U.S. Dollar.

Traevin,

That IS the question. And I believe nobody knows.
That is why I believe there is so many differing opinions
in where the value of Silver may end up. And why people
get so frustrated in trying to figure it out.
We are trying to establish a value of an ounce of silver
against a constantly devalued and manipulated currency
The U.S Dollar
with nothing backing it but the good faith of the Government.
Giving the politicians the ability to print as many as they please.
And Boy O Boy are they printing.

After World War 2 in the Wiemar republic people were
lucky to get a loaf of bread for a wheel barrow full
of the countries currency. So how much would an ounce of silver be?

In Mexico currency devaluation has happened a few times
in recent history 1976, 1994 and 2009.
In 1976 and 1994 those in power lied to the public
saying that a devaluation would not take place then
basically overnight it happened and the peoples money
was suddenly worth roughly half what it was the day before.

The same with Argentina in 2002. Just devastating
currency devaluation.

And the ones in power will lie about it right up to the moment
it happens so that they can position themselves and their
circle to best benefit from the devastation

So, What is an Ounce of Silver's Price in the not too future?
It is worth exactly what some one is willing to trade you
for it.

I would bet the house that it will be a great deal more
than what someone will give you for 6 inch by 2 1/2 inch
piece of paper with green ink on it


Just My Humble Opinion

Terry

even if it goes up to 100 an ounce it still wouldnt be easy to retire. as the silver goes up so will everything else. and than you would also have to worry about violence.

I think he was talking about an 1800s. Hard days labor. But still a very neat chart.

Very Cool Chart
Thank You for posting that.

Yes I was pointing primarily to anytime before 1913 and the
formation of the Federal Reserve Bank. Which started fractional reserve
banking in earnest.
Sorry that I did not clarify that

Any details on the "price manipulation"? I have doubts about that, because it would require a lot of people to be in on it and people are pretty bad at keeping secrets.