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Silver Prices 10 Years From Now.

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Pillar of the Community
United States
511 Posts
 Posted 09/12/2011  9:41 pm  Show Profile   Bookmark this reply Add 3stooges to your friends list Get a Link to this Reply
One thing is certain - the U.S. dollar/FRN will be worth less or on its deathbed. Silver is the working stiff's economic insurance policy in such situations. Placing a future "dollar" value on any item might not mean much if it will take $300 to buy a Big Mac.
Bedrock of the Community
DVCollector's Avatar
United States
10045 Posts
 Posted 09/12/2011  9:54 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply
I think "the working stiff's economic insurance policy" is manipulated by those who hold the most of it. You're not in control of PMs, and these guys have an exit strategy. Unless you really think the Euro, or dollar is a death's door, the higher PMs get, the more likely they'll get dumped--it's not like it hasn't happened before. Anyway--good luck with it!
Edited by DVCollector
09/12/2011 9:56 pm
Pillar of the Community
Ed_B's Avatar
United States
4008 Posts
 Posted 09/13/2011  7:36 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
Good WAG Ed, as usual you've shown your business acumen, tinged with vast experience!

Thanks, Jack. lol

I like to look at the fundamentals of any stock or fund I buy. Buying PMs isn't a lot different in this regard. The figures for silver production vs. consumption look really good for the longer term. Things get even better when one considers the loss in buying power of the US dollar and other fiat currencies.


Quote:
You're not in control of PMs, and these guys have an exit strategy.

For the most part, control is an illusion. No, we do not have control of the PM market but we can gain a bit of that by holding the physical metal vs. the paper PMs out there. There will come a day when physical delivery is demanded by large PM holders (usually the only ones who can demand physical delivery from the ETFs) and cannot be met by the amount of metal they have on hand. It is quite possible that their control and manipulation games will end there and then with a spectacular blow-up of their company stock.

As to their "exit strategy", that could back-fire on them as well... particularly the huge short positions that are held in silver by the likes of JPM and HSBC. I don't expect them to give up their efforts in this area but I DO expect them to lose.

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