Will Silver Ever Hit $50 (Again?)

I agree, my assumption is based on human history for the last 2,000+ years where silver/gold have been a store of wealth. Going forward, I have more faith in the Chinese and Russians lust for gold and silver than the US/western banking system.

@basebal21 One thing I forgot to mention, do you believe that anyone in London in 1905 would have thought that circulating British coins would be devalued from 0.925 to 0.5 silver in the next 25 years? Let alone total collapse of the empire in the next 50.

Also the current us empire isn't based on the models of the past. We really aren't colonizing like they were. We have bases for influence and rapid deployment but those countries run independently. We aren't susceptible to revolutions like they were. Behind military strength though it's based largely in buying goods. The world makes a ton of money selling us stuff. Money wins over ideology almost every time and as long as they're making money they're happy. It's why we wouldn't have open warfare with China, to much economic dependence.

I specifically said the world will change, it doesn't happen over night. European military power is an oxymoron as well. People didn't think the world wars would happen because they believed you could appease tyrants. In typical European fashion the continent was taken over same thing that's happened through out history.

Saying we haven't won a war since ww2 is false. Iraq was deli mushed both times, Afghanistan was destroyed easily, the Cold War was won as well as smaller battles throughout. The Iraqi army was 4th strongest in the world and it took a weekend to destroy. Rebuilding and westernizing a country is different than winning the war. The wars were won, colonization wasn't. Again you don't change the world over night which people apparently though we were going to undo thousands of years of culture and civil war in a year or two. Once you start talking pullout the efforts already lost.

I was directly comparing silvers cost aka the value against inflation. The only reason it's not a good comparison is because it destroys it's luster and myths. It's value hasn't kept up except in specific time frames during a spike. That same ounce cost as many dollars in the 90s as it did 90 years prior. That's a loss of value.

Fiat money is money. It's been around 50 years as the only money and started 100s of years ago when China made the first bills out of leather. The worlds not ever moving back to pm money, there's yo many people and yo much wealth it mathematically can't be done without insane values on pms send minuscule amounts in currency.

Silver is incredible available. There's at least a million ounces on ebay in all forms at any given time. Teens there's a few thousand websites I could go to send have it In my mailbox by the end of the week. That's not rare or a shortage.

I explained above the differences between the us position and empires based on colonization.

Yes china will keep selling to us. No market can replace our buying power. Africa is decades if not centuries behind the modern world, they won't fill the hole, neither will Europe or South America. We're a consumption nation. Got look at the largest consumers of things it's the us by far for most things with the second country not even close. China would destroy itself cutting off sales. Plenty of countries can combine to make what they make for their prices, only one country can buy as much of the goods as the us does.

There's plenty of 2nd and 3rd world countries that would love the economic boost we provide. The day china voluntarily cuts off sales with the us is the day china is no longer economically relevant in the modern world. That's trillions out of their pocket for a neck my that's sole reason for its growth is business with the us send us companies.

As far as Ukraine it's terrible for their people and Putins getting his way but we have elections. It won't be long till there's some changes at the top and Putin probably won't be able yo run circles around the next guy bb

This is my view of how influential US is to China, back in the 80's when I was in China, everyone in China want to have a piece of the action in our western states, but were held back due to government control or regulation. It doesn't matter if you're a wealthy Chinese business man or business owners, your ideas or strategies can't blossom. Communism has a stronger foothold when the older parties (Chairman) is in control.

The mid 90's sees the newer generation of government official's moving into office, thereby taking control and implementing western idealism, but at a slow...slow pace, at the tail end of 1999, regulation started to relax, as long as there's money flowing into the new party, westerners see opportunities in making wealth in China, this is especially true for Chinese-American grasping the opportunities.

In mid 2005, that's when most business and real estate really took off, within the next 5-7 years, there was many self made millionaires that they started buying real estate in other part of the world, like US and Canada specifically, also buying other valuable commodities like PM, but preferred the yellow shiny metal rather then the dull white silver.

I am only speculating that within the next 10 years, the role will reverse that the US will depend more on their trading partners, more of our valuable properties is being sold to foreigner, and the forever question about how we can fix the US deficits if the government don't have a resolution from the ever increasing national debt. I don't have the same outlook that I once have when I was younger, that the US will have the same economic growth and power when President Regan in office. I just don't like the 'CHANGE' as Obama keep saying when campaigning for presidency, or "I have a plan" that he never revealed after taking office. Perhaps after the second term.

OK! Done ranting...PM will have a place, but I wouldn't hold it at top spot, maybe second? LOL!

Is it possible to see 50 again?

Sure it is. Many assets retrace back to their historical highs,, EVENTUALLY. When it happens, none of us can know.

That is where the element of time comes in. Sure, we could see it happen. But are we talking 10 years? 5 years? 50 years? 100 years?

As Mr Coinwatch puts it perfectly and I agree 100% with him, and I qoute him directly: "We may not like it or approve of it, but we have to play the current economic cards we're dealt. Waiting around for $50 silver while ignoring other investment opportunities can be a costly mistake."

As a trader, I would be broke and without a job if I solely placed trades or waited on silver or gold to move higher or even lower. You must keep an open mind.

as share prices rise their risk/reward ratio usually becomes less attractive.
being cautious in whatever investments you choose is probably the sensible
thing to do right now.

HH