Will Silver Ever Hit $50 (Again?)

Put a flame under a stack of $100 bills. Put a flame under a stack of silver.
What do you have? Ashes next to a pile of silver.

That is a really good argument, and also why I don't consider silver an investment. Although, even though that $100 bill in the bank would be knocked down by inflation, silver could fall flat also.

One thing I'll add to this discussion is, if we drawn upon prior hyperinflation cash money was obsolete-I remember seeing pictures of German kids with piles of cash, and they were playing with it because it's value had crashed. During this same time precious metals still held a value, albeit a dictated value by those who govern it. They then proceeded to draw in the metals in exchange for cash. Thus making both means an equal par in a sense. However somebody gained from all these metals being drawn in, like act 6102 with gold it does hold wealth for countries.

In my country we used to have silver coinage, up until after ww2. For people money is something they will look after and not want it taken from them. However a change in coinage, and alot of silver was drawn in. Firstly because we had a huge war deficit and silver prices were too high to keep minting silver coinage, but also all the silver in circulation could be melted and sold off to repay debts. Only a small amount of what was minted still exists, and that is what I/we collect :). Precious metals keep a nice value, sure it fluctuates but I feel safe knowing that for millenniums it's been sought after and it is still very much sort after. Money can change in a way I'm less comfortable with, as with my example it wasn't money that was drawn in, it was precious metals.

I'm aware that laws change, and have done since. But there is always loopholes and history has a scary way of not being learnt from. I keep what I need cash-wise in the bank, and possess what I can out of the bank coin/metals wise. Make what you will with what I've said, but in the end we will no doubt all have differing opinions on certain things. But we are all avid coin collectors, common ground found :).

I wont discuss the price of silver here as thats being followed and talked about in the other thread.

However, I am coming here to agree and yes, with no shame, back up Basebal21 on his comments about silver.

I will take "paper" silver any day as well. Why?

For starters, I dont have to stay underwater with it. I can unload it in seconds. Also, I can HEDGE my positions in silver, either with puts/calls, I can sell short silver, I can intra-day trade it. Finally, I can get all my money in cold hard cash and park it in bonds, a CD, in the bank, etc.

So I will take "paper" silver and gold, any day, in that form.

Finally, the futures market dictates where physical goes and does, it always has and always will. This talk about manipulation is null. So then I take it the price of gold making historical all time highs isn't manipulation? Only lower prices are? that makes me go

I'm sure that within next 25 years dollar will die ... during death the best way to store purchasing power will be PMs.
something good now doesn't mean it will be good forever ... with debt rising good times are nearing the end
so having portion of wealth in PMs is right move ...
relying on the idea that when the time comes one will be able to load the truck is very risky as PMs might not be available to satisfy the needs

P.S since 1960s dollar lost 75% of its value ... in 50 years it will lose at least 90%, as destruction accelerates

@basebal21 I agree the price of silver has historically been below $10 as that was how it was defined based on the gold standard. Factor inflation in and its impossible to have silver below $10. Use any inflation calculator and you will see the devaluation of the dollar is beyond staggering.

Those <$10 prices converted to today's dollar equivalent will not remain below $10.

The concept of "too much wealth" is flawed. Look at the collapse of any country/empire/state and you will find this.

Silver as a threat to paper money is not the issue.

@yup7676 You've made the assumption that the bank will pay back your cash in full for all time, which is impossible.

@basebal21 I agree with you there was a strong "Prepper" market. However still no mention of the exponential devaluation of the USD. In response to your reply to bekz, look at Rome and if thats too far back, look at the British Empire. The military is only decimated after the country loses its economic power, that's how its always been.

In what way is US the main military force? Russia waltzed into Ukraine, took Crimea, and walked out. Ukraine singed the "Budapest Memorandum on Security Assurances" which ensures US support in exchange for Nuke disarmament. Surely the worlds most powerful military force would have no trouble holding up their end of that bargain.

Like everything, the US has risen and is falling and along with any empire, the monetary system of that empire will collapse. If you are looking for a replacement to the USD, gold and silver have worked for 1000's of years, just saying.