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 Replies: 18 / Views: 7,479 |
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Pillar of the Community
United States
2120 Posts |
TBH, I would take all the scrap you have, sell it and move into Bullion grade Silver. You might take a small perceived hit in value now, but when you go to sell later you'll a much easier time.
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Valued Member
United States
228 Posts |
I believe silver will be $300 an ounce 10 years from now... gold should be about $5000 per oz by then. From the people on this forum, you might think everyone (and their grandmother), is hot on PM's right now... But the real bull market is just beginning... OK - now I've teed it up for Joe... Come in Joe, are you there JOE?  |
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Pillar of the Community
United States
931 Posts |
Joe is probably lounging at one of his friend's oceanfront South Beach properties sipping on fine wine and eating little sandwiches. They are all having a laugh at all of us who were stupid enough to not sell our PM's at half price while we had the chance to do it stealthily. Now it would be far too obvious.
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Valued Member
United States
302 Posts |
The intrinsic value of silver will be the same as it is now.
The value measured by rubber yardsticks (fiat money) will change depending which rubber yardstick (currency) you use and on how much of it is printed.
And you are assuming that the dollar will still exist in 30 years. With what is now in the pipeline, the dollar as we know it will not exist in 30 years.
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Rest in Peace
United States
9104 Posts |
$100 in today's dollars.
If you have all sorts of weird silver that you plan to hold, get converted to 90-999 so that when you are given a selling opportunity, you only have one factor to deal with.
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Pillar of the Community
Canada
1502 Posts |
Don't worry, Joe will be out and about with the same message when the next healthy correction in PM value rolls around.
+1 on mmerlinn's view. PM's will likely hold their intrinsic value decades from now regardless of value of the currency used to measure it. I do expect the gold/silver gap to be close a bit more though, as we slowly but surely run out of mine-able pools of silver.
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Rest in Peace
United States
9104 Posts |
Quote:
Come in Joe, are you there JOE? Joe posted a day or two ago. Click his link. |
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Valued Member
 United States
143 Posts |
Yeah I didnt know if silver would hit around 100 or not 10 yrs from now. 10 years ago silver was around 17 dollars an ounce and gold was around 8-900 an ounce. I personally think silver will be around 75-100 an ounce 10 yrs from now.
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Pillar of the Community
United States
3294 Posts |
Actually, 10 years ago, silver was about $4.80 and gold was a smidge under $400.
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Pillar of the Community
United States
4008 Posts |
Quote:
Actually, 10 years ago, silver was about $4.80 and gold was a smidge under $400. So, in effect, what we have is about a 850% rise in the price of silver and 460% rise in the price of gold. Hmmm... if that were to occur again, and it may or may not, but if it did, we would have... about $350 silver and $8500 gold. Nah... never happen!  As other have pointed out, there are so many variables in this that are completely unknown at this time that any such guess at future prices is just that... a WAG.  My guess is that in 10 years, silver will be somewhere between somewhat and a lot higher than it is today. |
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Pillar of the Community
United States
1064 Posts |
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My guess is that in 10 years, silver will be somewhere between somewhat and a lot higher than it is today Good WAG Ed, as usual you've shown your business acumen, tinged with vast experience!  |
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Bedrock of the Community
United States
10045 Posts |
I suspect silver has peaked. If PMs keep climbing for 10 years, you can kiss any economic recovery goodbye--because that's where the Wall St. money will be parked. Your holdings might convince you it's going up, but only if the big holders of PMs can't make money elsewhere.
Edited by DVCollector
09/12/2011 9:38 pm
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Pillar of the Community
United States
511 Posts |
One thing is certain - the U.S. dollar/FRN will be worth less or on its deathbed. Silver is the working stiff's economic insurance policy in such situations. Placing a future "dollar" value on any item might not mean much if it will take $300 to buy a Big Mac.
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Bedrock of the Community
United States
10045 Posts |
I think "the working stiff's economic insurance policy" is manipulated by those who hold the most of it. You're not in control of PMs, and these guys have an exit strategy. Unless you really think the Euro, or dollar is a death's door, the higher PMs get, the more likely they'll get dumped--it's not like it hasn't happened before.  Anyway--good luck with it!  Edited by DVCollector
09/12/2011 9:56 pm
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Pillar of the Community
United States
4008 Posts |
Quote:
Good WAG Ed, as usual you've shown your business acumen, tinged with vast experience! Thanks, Jack. lol I like to look at the fundamentals of any stock or fund I buy. Buying PMs isn't a lot different in this regard. The figures for silver production vs. consumption look really good for the longer term. Things get even better when one considers the loss in buying power of the US dollar and other fiat currencies. Quote:
You're not in control of PMs, and these guys have an exit strategy. For the most part, control is an illusion. No, we do not have control of the PM market but we can gain a bit of that by holding the physical metal vs. the paper PMs out there. There will come a day when physical delivery is demanded by large PM holders (usually the only ones who can demand physical delivery from the ETFs) and cannot be met by the amount of metal they have on hand. It is quite possible that their control and manipulation games will end there and then with a spectacular blow-up of their company stock. As to their "exit strategy", that could back-fire on them as well... particularly the huge short positions that are held in silver by the likes of JPM and HSBC. I don't expect them to give up their efforts in this area but I DO expect them to lose.  |
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Posted 09/11/2011 8:04 pm
