$140 silver prediction

I just wanted to document the firm predictions that regularly appear on websites around the internet. Here is one:

http://www.silverseek.com/article/i-stand-140-silver-2012

Just wanted it posted for posterity. There is also predictions of $1000 an ounce silver before "hyperinflation hits" in another article posted there.

I am not claiming the man is wrong, and we shall see. I just went to this site based upon a link from Inflexion, and say many different usage and production numbers than other websites show. Since predictions like this are very easy to get washed away from memory, I simply would like to be able to revisit predictions like this, track their performance, and discuss peoples feelings towards these predictions if they do fail to hit the mark.

Chris

 

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If silver hit 1k an ounce, that's when I would dump all of my ASE's that I don't consider a part of my "coin collection". That'd be one nice pay day.

 

Thanks for posting. Always interesting when models are tied in.

 

lol just to put $1000 an ounce into prospective


1 1967 40% Kennedy Half- $361.70

1 Mercury Dime - $72.34

1 1964 90% Quarter - $180.85


Lol I'm not saying it won't happen, just ........yeah I don't see that happening ( famous last words )

 

If the prediction turns out to be correct, it certainly won't be because of the gold/silver ratio, which is one of the really bogus financial ratios floating around. But what else could you expect from a site named silverseek.

 

All I know is, that if silver gets up to $1000/oz, don't tell my wife. I might come home to my entire collection sold on ebay.

 

If it got that high it'd be because the world is in such an unbelievably crazy hole. I think I'd take a stable world over such a high silver price lol....although it'd be cool for silver folk.

 

I predict silver will top $50 in less than 2 years.

 

Agreed. It should be noted that he sells his "analysis" for $50.

 

I just wanted to make it clear to Inflexion I am not wanting to hate on silver enthusiasts, I really wanted this thread to be a documentation of some predictions of widely read analysts, and how the predictions fair. I know it may seem flippant, but I literally have read such predictions every year for decades now. Every year they come and are forgotten, I simply wished to revisit them as time goes by. If anyone else has any PM predictions for 2012 from professional predictors feel free to post them here.

Knowing my luck, the one year I create a thread like this it will come true. I cannot say, though, that with my silver stockpile I would be terribly upset if it did.

Chris

 

You've got people predicting silver in the near future ranging from the more realistic $6 an ounce to $140 to the absurb $1000 an ounce. These high predictions are based on rubbish in my opinion and come from those who have a stake in selling silver and want to start a buying frenzy for their silver products.

Don't buy into "hyperinflation" hysteria with the United States. That is another scare tactic from those who are either highly misinformed or otherwise have a stake in selling commodities such as precious metals, etc. I remember about three years ago when Dick Morris was touting that there was going to be 17% inflation due to Obama and his stimulus package. Well inflation didn't get anywhere near that and all he did was have me worried that the cost of everything was going to quickly skyrocket. A good indicator of inflation will be when stores such as Dollar Tree and 99 Cent Only Stores either shutdown or break their business model and start selling their products for over a dollar. So far they continue to offer fantastic name-brand products for $1 or less with no signs of changing for the foreseeable future.

 

See; these are the kinds of threads that start when there is no interesting bullion being minted to discuss.

 

IMO, the biggest hurdle to silver ever approaching those kinds of prices is the huge amount of household silver in the form of tea sets, flatware, tableware, picture frame, etc. For many decades it was tradition for a wife to be given a sterling silver set to be used for special occasions.

I can't imagine how much of this stuff would start flooding the markets if prices got to $150, let alone $1000. You would need to hire armed guards just to have Thanksgiving dinner.

 

At my house, we use Dixie paper plates cause who wants to spend a few hours washing dishes after eating way more food than we're suppose to on days like Thanksgiving.

 

I know its old hat to us Tree, but I simply wanted to document such predictions so new members could see these things get predicted every single year, and if they read something "new" in 2013 maybe they could see such predictions aren't "new" at all. That's my only intent.

 

Yup, it's just like the yearly prediction that the world is gonna end, but it never happens.

 

On paper that sounds absolutely wonderful. But what will this say about the overall value of the "US dollar" at that point. We will be no better than that African country that has 1,000,000 notes and such. It will be $50 to buy a loaf of bread gasoline will be $20 a gallon. Again, I might be wrong about inflation and how it works.

 

It is highly unlikely that the US will have hyperinflation until the US is no longer the global currency. The projected inflation rate for the 21st century is 4%. Silver will probably end the year at $35.60 using the 200 day moving average unless the global economy remains unstable which it probably will in that case I would see silver at $42.72 because I think that silver will increase 20% from its 200 day moving average.

 

If silver ever reached 1,000 /tr.oz. ,and I see no way it would in the next 30 years. Since the world's currency is tied together with foreign exchange mechanisms, all of the currencies of the world would be affected, some better, some worse. The countries with the survival commodities, grain,rice, clean water, medical care, etc. would fare the best ,and famine and zombies for the rest. Except for worldwide nuclear or biological warfare, I expect North America would survive the best and the US and Canadian dollar to rule. IMO.

 

Oh Geeze...here we go again!! :rolling:

OK...I predict that in two (2) years the price of silver will be different than it is today...$33.99.

(Remember...you heard it here first! :thumb