I think this tech is the future of E-vehicles, which are the future of vehicles, and let alone solar panels and other Industrial uses. Those stacking now, I believe, will see a healthy return on their investments in a few years.
To me silver is not an investment but protection. Remember if silver does breakout and I believe it will at some point and time those prices will be passed on to the consumer (us).
Quote: To me silver is not an investment but protection. Remember if silver does breakout and I believe it will at some point and time those prices will be passed on to the consumer (us).
Yes I agree. Which is why I don't break the bank buying it but do in some form add to it every month. Its money I'd blow on something I really don't need and instead add to my stack as a portfolio diversification.
And with gold so high its better then doing nothing. Keeping cash in a low interest account, or even worse a checking account, makes little sense right now. My silver will never be cashed in by me. It will be left to my kids to do with what they want. I just hope they think its thru before cashing it in to buy that new bass rig from Bass Pro Shop.
Silverskunk sounds like you have a good plan hopefully yours kids do the right thing all you can do is educate them and hope they do what is best for them. Good luck
Coinhunter53562 True statement I remember at least 2 years ago hearing about it going to the moon. But until the paper silver dries up and the comex can no longer deliver. It's just going to try and follow gold. I do believe this will happen but when.
i can babble at great length about this. to answer the question-- is silver going to break out?-- I would almost certainly have to babble at great length to articulate my Two Cents, but I don't want to do that. if anyone encourages me to do so, I will.
instead, I choose to look at it this way:
when I make a silver (or gold) purchase, I am exchanging (what appears to be) a dying fiat currency for real money.
that's all. nothing more. I don't see it as an investment, in the strictest sense, but, like I6609, I do see it as a protective measure. I want to protect what I've earned, so I turn the currency into real money. it preserves what I've earned. it holds value. right now, silver (and gold) are doing exactly what they are supposed to be doing: preserving value.
Indeed, yes. I had a great experience with the USD as a young Airman stationed in Turkey where the buck really meant something. Since then inflation has eroded a once respected currency. This last administration really put a final spike in its heart but they aren't the only guilty ones.
Every time I go to the grocery I'm reminded of this. PM's I can hold and value. Even property values leave me gloomy.
According to the estimates in the article, an annual (extra) demand of about 500 million ounces of silver would follow, each vehicle using about 32 ounces of silver in the battery.
Over the extended term, there is really nothing that can ever be done about inflation. If you started to bring debt and the trade deficit under control, that will strengthen the dollar. That favors current earners. However, it also puts downward pressure on real estate prices. Many older folks are counting on permanently escalating real estate prices as a retirement piggy bank, and certainly the titans of commercial real estate will not be eager to see their cost basis fall (or for that matter, for their debts to be paid in appreciating currency).
PMs will continue to climb over time. It's almost inevitable, regardless of any new industrial uses.
Well to put it all into perspective silver, now flirting at $34 +, has doubled in the last 3 years and more then doubled in the last 5. Thats not a terrible accruement and inflation hedge. Yes more of a savings then a wild Wall str ride but also a steady Eddie and theres little reason to doubt its future wont be just as good or even better.
Making an affordable auto with battery specs like Ive posted, 600 mi range, 9 min charge time, 20 year life, less weight, reduced fire risk, and especially if its recyclable and/or more environmentally friendly ? If all this comes to be even I would be willing to buy an E-car and I hate E-cars.
If 20% of global car production uses this battery it means that 64% of current global silver production would be necessary to make it happen. And 20% is a credible prediction and one that will probably go higher. I know silver exploring and mining will have to increase to keep up demand but recycling will also be an important component. Industrial demand is already stressing the supply end as it is. I'm really pleasantly surprised the metal hasn't increased more then marginally.
But all signs point to a safe and secure future for stacking now.
Its such a gorgeous metal. I laid out my stack, most of it, for a photo the other day and the stuff just glitters in the light. A beautiful PM aint it ?
Quote: Its such a gorgeous metal. I laid out my stack, most of it, for a photo the other day and the stuff just glitters in the light. A beautiful PM aint it ?
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Posted 04/27/2025 3:26 pm
