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 Replies: 57 / Views: 8,510 |
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Pillar of the Community
 United States
3670 Posts |
Thanks Maineman, I was wondering if anyone was gonna answer that one, lol. Oh heck, when you ramble and ask as many questions as I do, it is easy to miss one....
Will one be able to sell it a peak price in your opinion Maineman, and what do you think silver will peak out at, before it drops if it does?
This leads me into yet another question will it drop off, or perhaps plain out an remain perhaps at a steady price for an extended period of time in your or any other members opinion?
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Pillar of the Community
United States
2734 Posts |
Quote:
GRR: Silver in my mind is $10-15 an ounce. Can I buy all the silver in your mind?    Quote:
" : I could see $600 Gold and Silver at $15 in a stable economy. I could see $600 Gold (in today's Dollar equivalent) with the Dow high and unemployment low. $600 is a fairly close match to the "pre-1933 gold standard" value of gold, expressed in today's Dollars. Roughly double the average cost of getting gold out of the ground ($300/oz. in today's Dollars). Silver, though, has been price-suppressed for the past several decades. At the 16-to-1 gold/silver ratio that was the rule across the world for centuries, $600 Gold would have Silver at $37.50. Why was "16 to 1" the rule? Because that's the mining ratio. 16 ounces of silver comes out of the ground for each ounce of gold, average. So, using historical standards that were in force across the world for centuries, it's gold that's sky high right now (more than double its historical "base value" of $600/oz. in today's Dollars), and silver is currently right in the range of its historical base value. Edited by DNA
03/08/2011 11:19 pm
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Pillar of the Community
United States
3670 Posts |
Good stuff DNA. That 16/1 ratio for most of known history is the main reason I decided to get into silver, assuming it will return again to that ratio within a couple of years. Very interesting that 16 oz minded to 1 oz of gold, that makes much sense....
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Pillar of the Community
United States
1450 Posts |
There is a variable this time around that I think will keep prices elevated significantly above historic numbers,a growing middle class in other countries. That,along with way too much money in the worldwide system,are what is driving commodities of all kinds higher. I agree prices will eventually drop as the worldwide economy improves,however,it will not be the old normal! We are truly living in times of monumental change where the U.S. economy is still the big dog but the secondary players are stronger than ever before. We see more people with more money,demanding more goods worldwide and that includes gold and silver. I will be surprised if we ever see $800 gold again. Where silver will ultimately settle I can't even venture a guess yet but $30/oz would not surprise me. The talk of going to a currency backed by a basket of commodities,including PM's will have an effect too.
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Pillar of the Community
United States
3592 Posts |
Silverhawk, I believe there will always be a buyer no matter the price...simply a matter of supply and demand.As for the price, I believe everything is speculation as there are too many outside factors that can affect the price and nobody can possibly forsee all of them.Sure, somebody will end up having made a lucky guess, but it's about like guessing the day a tornadoe will touch down in Muncie,Indiana.
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Pillar of the Community
United States
4333 Posts |
I can't see giving up my stash for worthless paper. I probably won't sell at any 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
757 Posts |
"Best time to unload would be at it's highest price...I'm surprised nobody figured that out "
maine, exactly where is that? I need to know because I'm sitting on a bunch of silver here.
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Pillar of the Community
United States
3592 Posts |
oblaka..if I knew that I'd be sitting on a few tons,not pounds  |
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Pillar of the Community
United States
3670 Posts |
Good call Maineman and all, as the questions I ask here really can't be answered accurately minus a guess, and like you said that is just speculation....
Still, some of you guys have been in this for some time, and if several of you in that boat agreed on a number, I would be hard felt to not take it very seriously, and consider it as a real possibility, speculation or not. In the end we are all trying to predict the future here, and minus being Nostradamus, Edgar Cayce, or having a crystal ball, its just a guess the end....
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Pillar of the Community
United States
511 Posts |
As long as the Fed continues to flood the world with fiat "money", nominal (dollar denominated) prices for silver and gold will rise. It depends what you call money. To me, precious metals are honest, constitutional money, but we're all conditioned to think of FRNs as "money".
I could see an ounce of silver at $400, $700, or pick your number, but look at the rest of the equation. $1000 silver means a loaf of bread or a Big Mac will cost $150.
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Pillar of the Community
United States
757 Posts |
for now, if you want a figure, take 40. i'll also make a bet with anyone here on that, not that many would even take it, heh.
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Pillar of the Community
United States
3670 Posts |
I really don't care if it drops to 10 bucks an oz, or climbs to 50 plus, I am not selling either way, and will continue to convert a portion of the collapsing dollar into silver for as long as possible.....
I stopped by a new silver bullion store today, and they sell silver rounds an bars at 2 bucks over spot plus tax so I grabbed a couple bars getting me to 50 oz rounds and bars. More of the collector variety....
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Pillar of the Community
United States
1026 Posts |
Our country is 15 trillion in debt the real debt is around 54 trillion. Every family would have to pay $180,000 to pay off the 15 trillion now. I have been reading allot one heck of allot about the US debt and I agree with the way our representatives are we will never pay the US debt off in the next 50 years. The US dollar is doomed to no longer be the world reserve currency it is not a matter of will it happen but when.
For these reasons I never thought I would say this but I can see silver going to $150.00 in the next two years and then staying high for the rest of my life and if I am lucky I only have 20 years left.
Anyway I never thought I would but silver at $35.00 but I have bought more at this price and hope the price stays at this level for awhile as I plan to buy more yet.
I just read that the state of Oregon authorized the use of silver and gold to pay for things to help people with the devaluing US dollar, this may spread as things get worse.
Just my 2 cents.
Edited by Brucec
03/14/2011 1:56 pm
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Pillar of the Community
United States
3670 Posts |
I have to agree 100% Brucec with everything you mentioned above, well said....
I don't think people take much time to try and wrap their minds around 15 trillion dollars, but hey 180,000 from each of us really seems reasonable. Granted the odds of me ever having a spare 180,000 grand lying around is very slim to zero, lol....
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Pillar of the Community
United States
757 Posts |
actually the total debt, including unfunded liabilities is around 120 trillion.
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Replies: 57 / Views: 8,510 |
First Page
Posted 03/08/2011 10:48 pm
