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 Replies: 57 / Views: 10,462 |
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Pillar of the Community
United States
1300 Posts |
Does history repeat itself? If so..the trend is gonna continue down?. Is this the bottom? Maybe yes maybe no? Is it 1985?1995?or even 2005?Is it the same world? So has history repeated itself? And silver has hit its low? When will it go up? Is it a bull market? Until the world normalizes again this is the world of silver and gold investment and history has proven that they are always a good investment. When to buy? Who knows buying affects price lack of buying affects price.. Arrrgghhh a person could go insane.. In the end..do your best for what works for you.
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Valued Member
Canada
293 Posts |
Yes it will. To much uncertainty in the world markets. Gold and silver are the only staples...been that way for thousands of years.
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Pillar of the Community
United States
808 Posts |
Silver will make it to $50 troy oz either through crisis, inflation, or debasement of our currency. That fact isn't in question. It's just a matter of when and how.
Here's an interesting possible example:
There's lots of trouble brewing in Crimea, Ukraine right now thanks to the Russians wanting to secure permanent access the region. Why? Because even after the fall of the Soviet Union, a number of key Russian controlled military facilities still exist and operate throughout Crimea, which is home port of a little entity called the Russian Black Sea Fleet. One way or another, Crimea is going and staying under Russian control. It's going to happen. Period. Now, will this compare to the Russian invasion of Afghanistan in 1980? That event (along with some help from the Hunt brothers) sent the silver price through the roof. The usual disclaimers apply. My crystal ball stinks. Your mileage may vary.
Edited by coinwatch
03/16/2014 12:47 am
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Pillar of the Community
United States
526 Posts |
This is my thought on the price of silver.
Silver was being manipulated, heavily, in the 60's, 70's and 80's. Starting in the late 90's silver started to rise ever so slowly and by the time our economy tanked it was past the point of being manipulated and soared to a record just shy of $50.00. It rose so fast that the only place it could go was back down either through more manipulation or just the basis of no support at that level.
Now we have what is being coined as a possible "WWIII" with Russia. War is good for an economy and bad for PM's. God forbid if this does happen silver will probably drop to
the $10.00 dollar level for a couple of years. (Hope So, it would be time to really
load up) I really do not care right now where silver goes as I am hoarding as much as
I can afford without putting our monthly finances in limbo. I plan on doing this for the
rest of this year and then switching to Gold the year after. When that year is done I will
re-evaluate and possibly stay with Gold or switch back to Silver. I have 15 years until I retire so I should be able to have quite a little nest egg.
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Valued Member
United Kingdom
477 Posts |
I have a unique idea about a possible price rise in the future, it would involve silver being used for something new-thus increasing it's demand. Like the way palladium is good for making engine 'green'. I acknowledge the attributes that silver has for medical instruments etc and it's unique properties. You never know if a new valuable use involving the application of silver could exist. Just a random thought :).
Regarding the market hitting that price via political means, there is always a chance. But I feel it would be very unpredictable as to when this would happen. Either way precious metals are a good investment to hold money in, in my opinion. For millenniums it has been that way-us humans love shiny things lol.
Overall I wouldn't bank on this happening, but I wouldn't get discouraged in any way from using silver as an asset.
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Pillar of the Community
United States
808 Posts |
awallin01 said Quote:
I have a unique idea about a possible price rise in the future, it would involve silver being used for something new-thus increasing it's demand. Like the way palladium is good for making engine 'green'. I acknowledge the attributes that silver has for medical instruments etc and it's unique properties. You never know if a new valuable use involving the application of silver could exist. Just a random thought :). Industry comes up with amazing new uses for silver all the time. Advanced vodka filtration using silver filters sounds promising. |
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Valued Member
United Kingdom
477 Posts |
The vodka filter sounds interesting, I see they have a water filter aswell-poles apart beverage wise lol. Here's a link to an old 2008 pie chart giving a forecast to silvers uses, I would say the market would have to be cornered more with regards to a new use. So something like a major medical breakthrough(vaccine wise) with the use of silver, or something that is hard to think of right now(maybe military). But I agree the more uses, the more promise :). Also an ever increasing populous on the planet will naturally cause a higher demand, however this would be a long game to bet on-so to speak. http://www.silver-coin-investor.com...er-uses.html |
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Valued Member
Australia
338 Posts |
I'm curious to know why people view silver reaching $10 to be a likely scenario. What market factors/forces do you believe will be able to do this? The fed stopping its QE program?
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Pillar of the Community
Japan
666 Posts |
I'm curious to know why people view silver reaching $10 to be a likely scenario
>>>
the same reason others viewed silver reaching $50
as for me, the drop of EROI is an enough reason to invest in silver.
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Pillar of the Community
United States
4333 Posts |
Silver dropping to $10? Good luck finding any at that price!
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
United States
5837 Posts |
You can find silver at face in the banks if you're lucky, that's about the only possibility. Few and far in between.
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Valued Member
United Kingdom
477 Posts |
@OneDollarMule This scenario playing out would take something like our governments devaluing it, maybe to draw the precious metal. Also the possibility of a large supply of silver being found on an unprecedented scale or a scenario where the last thing we think about is asset values. I have to agree with bekiz, either of these prices are very unlikely however with the laws of probability I could never rule them out. One final scenario involving a radical change in currency, where by we begin to use ulterior methods this would have an affect-but as to which way that pendulum would swing I'm unsure.
Overall as mentioned, silver for me is a nice place to store money as are other precious metals. Just an opinion, not advice.
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Valued Member
Australia
338 Posts |
I fully agree, awallin01. I'm a silver speculator. The current world economy and widly accepted current economic policy does not lend itself to silver naturally moving to $10. I agree govt smashing down silver is a possibility but certain parties (the fed) are rapidly losing their ability to do this. Just curious to see peoples opposing views =)
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Bedrock of the Community
13014 Posts |
10 is still double the price silver naturally "naturally" sits at. If it wasn't for the silver stocks everyone thinks are hurting the price it would have been there long ago.
The only manipulation is it being artificially high from manipulating people to still buy into it on the way down
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Valued Member
Canada
293 Posts |
Even if silver goes down, for some reason, I'd rather have my silver than some paper or a bank statement that has some numbers on it. And like I keep telling everyone, you don't make or lose anything until you sell. $50, here it comes, sooner or later.
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Replies: 57 / Views: 10,462 |
First Page
Posted 03/14/2014 11:02 pm
