Today Silver Can Reach $2000 an Ounce

jjack, I think I get you now. You're saying the molecular weight of silver can be emulated by the right mixture of lead and copper? Very clever.

 

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It won't affect me if you and others are hurt by the belief that PMs are a one way road to riches. What I have tried to do is point out that what you think and post always happens near the top of a bull market. I would imagine that your logical fallacy argument has cost investors enormous sums of money. Markets change, but human nature doesn't. Now, to be clear, I think gold and silver are still in a bull market. But this isn't 2001 and PMs are not as safe as they once were, and are much closer to the day they will need to be sold. I've already sold some in late 2010 and early 2011 as I posted on this forum. I have no plan to buy more if the price declines. Once this bull market is over, I'll be back to investing in other markets [and finishing my $20 gold type collection].

 

Another logical fallacy. Nobody here has said this. If you believe this is what I or others think, then you simply have not read (or chose to ignore) what was posted. it invalidates the remaining conjecture that you make based on this statement.

 

Today means from today to 10 years Silver will reach $2,000 an ounce.

It is understandable Silver will not go up from $32 to $2,000 in one single day. But I think this is possible.

 

Let me step in here for just a second:

You're wanting to talk about density, not "molecular weight". The two are related, but not directly -- density depends not only on molecular weight (how much each atom weighs), but molecular/crystalline structure (how closely the atoms are packed together). That's how the density of pure carbon can range from 1.7 g/cc (buckminsterfullerene) to 2.3 g/cc (graphite) to 3.5 g/cc (diamond).

You can easily emulate the density of silver (10.5 g/cc) with a mix of the proper proportions of lead (11.3 g/cc) and copper (8.9 g/cc), or a variety of other metals. Emulating all of its properties at once (appearance, conductivity, density, elastic modulus, lots of others) is very hard, which is why it's hard to make a counterfeit that gets the luster and density (weight/dimensions) and "ring" right.

 

I never said that you said it, so your statement is a logical fallacy on your part, and invalidates your response. And my statement that it won't affect me is 100% true. But I feel an obligation to warn you and others of your error, although it is up to you what you do with the information. I am merely stating fact that your mistake in bashing stocks after a long bear market and praising PMs after a long bull market is a common historical situation. Business Week ran their cover story "The Death of Equities" in 1980 I believe after a long period of time when stocks ended where they started and were much lower in between. Sound familiar? Shortly after, stocks began their historic rise. This doesn't mean that stocks won't go down before they go up [even gold does this at times]. But stocks are no more dead now than they were in 1980.

 

This sounds like the sort of unqualified endorsement of silver that you claim never to have made. LOL. There are many others. Q.E.D.

 

Ok people, stop with the political commentary. There is a separate subforum for PRWE, not on Cointalk.

Jim

 

Yes there is even a youTube video of fake silver coin with exact weight and dimension of real coin. But it fails the magnetic ruler test( the guy slides the coin down on ruler created out of magnets silver has some electro magnetic properties that slow it down). He claims it is better way to test these copper/lead coins than using acid.

As for tungsten it is not easy metal to work with which rules using them for 10 oz or less items and platinum/ iridium are as Exp as gold.

 

Most of the silver mined today is a by-product of base metal or gold mining. As long as the main product is profitable, it costs very little to extract the silver. So the production price for most of the world's new silver is far below $15. But because it is mostly a by-product of other mining, most mines outside the Anglo-American sphere aren't going to ramp up production of base metals just to get a little more silver, if they don't have a ready market for the other metals.

 

Had you said two years, I would have bet you an ounce of silver (from me) against $1999.99 (from you) that it doesn't happen. 10 years is kind of a long time. Then again, silver going up 6000% over 10 years is still quite a run.

Does someone want to mark this for me? I'll send a silver eagle to whoever, if Silvercoin29 sends $1999.99 to the same someone. Then 10 years from now, the total packet ($1999.99 - in 2021 dollars - and one ounce of silver) will be sent overnight mail to the winner. If I happen to be the winner, I'll let the escrow holder have 5% ($100) of the net gain above my silver dollar.

Hate to spoil the late night fun, but betting/gambling and solicitation of such, is not allowed on the forum. So lets drop the subject. There is a website that you can place such bets, but not here.

 

What he said..

 

I have been told that many stocks have increased or have given returns of 2,000,000% in 30 years. If many stocks can increase 25000% or 50000% then Silver can also increase 2000% to 5000%.

There will be selling in expensive real estates worldwide and this money will be invested in many investment areas.

Buy 1 Kg Silver and you will earn 10,000% or 20,000% profit in 10 years.

No need you small bets.

 

Gmuer's prediction is based on analysis of the last major gold boom of the 1970s, during which gold prices rose from $35 per ounce to $850 per ounce. Gmuer said that in the current bull run, prices would be pushed upwards by a protracted period of global economic difficulty—potentially lasting years—during which investors would continue to search for so-called safe havens.

http://www.cnbc.com/id/44373049

 

Don't drink the grape Kool-Aid!!

 

If you prefer, and can find someone legitimate to escrow it all for a decade, I'll put up a troy tod (336 Troy Oz) against $671,664(US).

Also, stocks and commodities are COMPLETELY different speculative vehicles.

Edit: DesertGem, I see no point to retract the statement so long as SC29 is allowed to spam about $2000 silver.

Edit #2: BTW, there's NO WHERE that will accept a bet that 10 yrs from now the price of silver will (or will not) exceed $2000/oz.

 

I agree that if the aforementioned trend is to hold true today then that is what would happen, but there's no guarantee that will be the case. Today's market is in uncharted waters. I don't think anything can be held sacred right now, but I do think the bull run in metals has plenty of steam and we will ultimately see much higher prices. I just don't think the reason is the same as you've mentioned. The reason I look to is simply monetary devaluation. That can make or break this bull market, but it will make or break a lot of other things too which is why I don't think the momentum is going to change.

 

Today Silver is $300/ounce Inflation Adjusted

The ShadowStats inflation adjusted high for silver is over $300, but still short of $2,000 an ounce. Doesn't mean it can't go to $2,000, or $5,000.

"In 1900, there were approximately 12 billion ounces of silver in the world. Today, that figure has fallen to about 300 million ounces of above-ground, refined silver. This means that at current prices, it would only take about four billion dollars to purchase all of the above-ground silver in the world today.
"

 

Kitco maniacs flutter over to CT
its the beggining of the end for the precious metals section lol

 

Umm... today, silver is $33.41/troy ounce, adjusted to 25 Oct 2011 inflation. Not sure where/how you came up with $300/ounce adjustment for inflation.

Please state how you calculated that. After all, if you're using $300/ounce adjusted, you're either claiming silver will be trading at $17,958.70 per ounce in 2021, or you're hedging your original claim of $2000 silver in 2021 by basically saying silver is trading at around 1/9 of it's "adjusted to 2021 inflation" value. Essentially, you're claiming silver will be trading for $222.73 per ounce in 2021, while grandiosely claiming $2000 silver.

BTW, you don't experience 80% annualized inflation over a decade under normal circumstances.

Show me hyperinflation, and I'll show you a war that was already lost when the government started allocating excessively toward it.