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 Replies: 58 / Views: 21,093 |
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Valued Member
United States
408 Posts |
I own a substantial amount of silver eagles. I've read a bunch of articles about how silver is going to eventually hit $1000/oz. If that happens, great. I'm not holding my breath. I would like to ask the community whether or not they believe silver can hit $100/oz within the next five years. Also, what would have to happen for that to occur?
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Pillar of the Community
Australia
7096 Posts |
I doubt it , and if it did reach $100 within 5 years that $100 wouldn't buy you too much  |
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Rest in Peace
United States
18456 Posts |
> Joey < , I think your reading too many articles by people who believe they have a crystal ball . every one who owns silver including me has their own future price in the back of their minds . For one to say it will someday hit $1,000 an once is a fantasizer . $100 an once is not likely to happen within the next 10 years IMHO . So if you want to play '' Spin For Silver '' ,my prediction is $52.35 an once within the next 2 YEARS .  |
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Valued Member
United States
343 Posts |
When the all time record is $49/oz, $1000 per seems outlandish. Like trout said, if it hits 100 or 1000 you still won't be able to buy much with it. I do see it hitting $100 per but 50+ years or so, and a loaf of bread will be 20 bucks.
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Moderator
 United States
54282 Posts |
Say you have two $20 bills.
You spend one on an ounce of silver.
You put the $20 bill and the ounce of silver in a drawer.
In ten years when silver is $100 per ounce, you open the drawer and take out the $20 bill and the ounce of silver.
What do you have?
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Bedrock of the Community
United States
10982 Posts |
Quote:
I would like to ask the community whether or not they believe silver can hit $100/oz within the next five years. Could it? Yes. Will it? No unless our system of gov't collapses and that's unlikely in the next 5 years. It's unlikely in the next 25 years too. I believe silver will hit $50 in the next 25 years though and possibly a bit higher like maybe $60 or $70. $100 silver? Yeah it will happen but I doubt I'll be alive (I'm 52). I'd bet it's 40 years or so away. |
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Pillar of the Community
Australia
7096 Posts |
Quote:
Say you have two $20 bills.
You spend one on an ounce of silver.
You put the $20 bill and the ounce of silver in a drawer.
In ten years when silver is $100 per ounce, you open the drawer and take out the $20 bill and the ounce of silver.
What do you have?  What a good analogy |
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Pillar of the Community
United States
4333 Posts |
TPTB will never allow $100 silver.
I had three $20 bills in 1980. I put one in the drawer, and the other two I used to purchase an ounce of silver.
In 1990, I had a $20 bill in my drawer. My oz. of silver I sold at spot for $4.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
154 Posts |
I would like to put a slightly different spin on this. You have a government that is printing fiat currency like crazy, a banking system that is producing credit out of thin air to loan out, and you have folks like us stackers buying and setting back PMs. In ten years, you have trillions more paper in circulation that is backed by nothing more than faith in a corrupt government run by those driven to line their own pockets, and a banking system run by basically the same kind of people in the government except they are using credit to fleece the common people into a life of slavery to serve their debt. I would bet that ounce of silver will buy more than that $20 bill or $20 credit it took to buy 10 years prior. Do I sound cynical? Yes I am. The people have put their faith in officials who have let us down. Yes, I go to work and collect my pay, pay my bills then use the rest to put into silver. One day their juggling act will fail and throughout history silver has been the 'go to' metal for currency. I believe it will be again. How long will that be? Who knows, who cares. Best to be prepared. Just my thoughts on the matter.
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Valued Member
United States
245 Posts |
I've got investments all across the board. I've got several rental properties that are paid for, Vanguard investments, and about 35k worth of PM investments.
Almost all of my Silver that I own, I bought between 16-20 bucks per ounce. My number to dump would be $40 at a minimum, hopefully I would have the discipline/knowledge to know whether to ride it to 50 an ounce or know to dump at 40 per ounce because signs pointed one way or the other. Silver could run to 60-70 in the next decade, I see absolutely no reason that it couldn't happen.
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Pillar of the Community
United States
711 Posts |
And remember Zack, when you go to work they tax you.
The same people that print money out of thin air think they are entitled to their fair share of your income / labor too.
Free range slavery.
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Pillar of the Community
United States
1027 Posts |
In January 1980, silver hit $107.53 so it has already been to $100. That was when the Hunt brothers thought they had enough cash to force the price of silver to skyrocket all by themselves. It worked for a while but by February 1993 the spot had fallen all the way to $5.93. If some greedy multi-billionaire decided to try that again, silver would zoom past $100 but I just don't see that happening in my lifetime.
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Pillar of the Community
United States
4333 Posts |
Quote:
In January 1980, silver hit $107.53 so it has already been to $100. That was when the Hunt brothers thought they had enough cash to force the price of silver to skyrocket all by themselves. It worked for a while but by February 1993 the spot had fallen all the way to $5.93. If some greedy multi-billionaire decided to try that again, silver would zoom past $100 but I just don't see that happening in my lifetime. I remember 1980 well, I graduated high school that year. I also remember silver did not break $50. $49.45 January 1980 peak price. https://www.silverinstitute.org/sit...y/1979-1980/When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Edited by fistfulladirt
09/18/2016 12:28 pm
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Pillar of the Community
Canada
5324 Posts |
Silver just gets produced as a byproduct of so many other mining operations and is just sold for what ever spot price, just hard for silver to sky rocket to 100 unless some new medical use or some other demand causes many shortage.
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Pillar of the Community
United States
1027 Posts |
Edited by clairhardesty
09/18/2016 12:51 pm
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Pillar of the Community
United States
1027 Posts |
On the other end of the spectrum, silver was at $0.28 for all of 1932.
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Replies: 58 / Views: 21,093 |
Posted 09/18/2016 08:10 am
