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 Replies: 9 / Views: 1,780 |
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Valued Member
United States
442 Posts |
Poll Question
If gold was $280 oz in the year 2000 and 10 years later its $1450 oz. What do you predict one troy ounce of 90% silver being worth in ten years ? Will silver be like the recent gold trend with values spiking to record highs ? December 2010 silver was $29 oz Current silver spot is $40.90 oz thats a gain of $12 in three months 
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Moderator
 United States
187862 Posts |
Very similar to this poll... https://goccf.com/t/85563That one is asking the high in the next ten years, yours is asking what it will be in ten years (that is, it could peak and fall). |
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Pillar of the Community
United States
1348 Posts |
many silver posts about silver pooping up lately
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Bedrock of the Community
Australia
21786 Posts |
If silver rises $12 in three months, there has to be a correction sometime soon.
Starting with given price of $29 per ounce, the inflation rate would have to be sustained at an average of more that 19% year on year for ten years for silver to attain a price of $150 per ounce. Inflation in the U.S. has NEVER been like that.
In a rational market, the price of silver will not be more than $50 in ten years. 10 years is a long time for common sense to make it's influence felt.
I have no doubt that there will be a few periods of irrationality and common sense in that time. Industrial demand hasn't the variability that the current silver price has. No industrialist will buy silver at say $150 per ounce, unless that is expressed in a highly inflated U.S. dollar.
I have more faith in the U.S. economy than that. There are enough hard working Americans to ensure that is the case.
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Valued Member
United States
322 Posts |
I read about the Chinese Gov. encourage their (billion) population to buy silver. I think, the is the effect of it. The Chinese Gov. using their power in numbers to control the economy. I use to work for an Indonesian Bank, not in the bank, but in their related business owned by them. One of my buddy was the director of the bank in Hong Kong. He told me that every week ends, people invested their left over money they earned that week. Every body, including cleaning ladies investing what ever they have. Asian, especially Chinese, always into saving and investing their money. Now their Gov. encourage them, they will focus on silver and the effect will be big.
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Pillar of the Community
United States
3294 Posts |
You don't have an option for below $30, which is the one I would choose.
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Valued Member
United States
277 Posts |
I think it is still on the rise... and sel you and I think the exact opposite. I have no faith in the US economy at all, our health care continue to raise prices and are going to price the middle class out of health care, most bills and laws are going way of the big business so the wealth is going to be even more top heavy than it is already (I am not even sure how that is possible.)
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Pillar of the Community
United States
632 Posts |
If silver gets much higher, its going to be frustrating for the coin collector who collects for the fun of it and not profit....
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Valued Member
United States
187 Posts |
I wont speculate on the price in the future. That will depend to much on human nature and emotions. I do believe that everything is in cycles. When the tech stocks were booming nobody thought that it would end. When the real estate market was booming nobody thought it would end. Those cycles did end and I think the precious metals market will end also. I was fortunate to collect most of my coins when the prices of the metals were near all time lows, so right now I am not buying. There may be more of an up move, but to me it feels like it will top out in the near future.
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Bedrock of the Community
United States
20753 Posts |
I can't get that old situation about Silver going up, up, up and then dropping like a rock. To many chances a massive Silver mine will open and then Poof, down again.
For me Silver would be like investing in VHS tapes or Beanie Babies.
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Replies: 9 / Views: 1,780 |
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Posted 04/09/2011 12:50 am
