Where do you thinks silver is heading marketwise? In the near future I think it's going to drop hard pricewise for about a week or two then climb up to the 20 dollar or so spot price slowly. In the distant future I think it will of course ride up and down but stedily climb a little higher after the low drops each time to eventually hit around 40 dollars or maybe even more,but I really don't know didly,after all I just started this game. I did see one pro investors write up that he thought we would see 200 dollar silver in ten years,but I don't think that is very realistic,could be wrong! So where do you think it's heading? By the way if this is a verbotten subject them please excuse my naitivity in these matters.
Definitely not a verbotten subject and I suspect you'll get some good answers. I personally quit trying to guess at what the metals are going to do... I got tired of being wrong.
Short term, nobody knows. If they tell you then know, run the other way. Long term, the path of least resistence is up. I don't think the fundamentals will support $7 silver ever again except on a massive temporary spike down for reasons I can't imagine. The wild card that might push silver to levels unmentionable because they would sound impossible is a potential futures market delivery default. Remember, bull markets can last longer and move higher than anyone could possibly imagine before they get going.
Silver spot price is for 1000 oz. bars in US dollars. If the dollar strengthens, it will take less of them to buy the silver and the price will go down proportionately. If the dollar continues to weaken, it will take more dollars to buy silver and the price will go up. Gold and silver have been closely tracking the value of the dollar for quite awhile now. When the price of the metals seem to go up or down...they aren't. They are simply reflecting the value of the dollar on a daily basis. Study the dollar if you want to know where metal prices are heading.
first off I want you guys to know this isn't a political rant it's just based on what is going on in the U.S. and how it's controlling the price of PM's. you really just need to study what the government is doing right now... raising the debt ceiling, trying to push spending bill after spending bill through, and then the monitizing of the debt leads to a weaker dollar. and as such pm's that are measured in them go up! Now if the government actually cared about the Dollar they would try to keep it healthy in some fashion, so it continues to be the world currency. But with all the stupid debt and bailouts of businesses that should have failed. The most retarded thing though is the fact that all this debt is being made in the "hopes" to create jobs that just haven't opened up. The U.S. probably needs to kill the dollar to get out of debt... :vanish:
Sure, the U.S. dollar's decline is pushing up bullions price on the short term. But, don't be fooled into looking at the dollars value long term. For one thing, the value of the dollar bill is compared against other currencies. At present, much of the world is printing money. The money isn't completely in circulation just yet. But, BoE has increased their money supply 130%. The U.S. has increased it's money supply 110%. The swiss bank has increased it's money supply (I believe 60%). So, comparing things that are all increasing isn't a good sound strategy, especially when you are comparing it against something that is finite, like silver or gold. I remember John Nadler had a chart he was using that showed the value of gold vs. the movements in the dollar bill to show that the movement was dollar driven. I haven't seen him put that chart up now for over a month. I think he was wrong then, and I think he now realizes it...hence the pulling of the chart. The fed keeps telling us they will tighten the monetary supply when the time is right, to help shore up excess money and prevent run away inflation. My question to Big Bubble Ben is, are you gonna regulate Japan, EU, Swiss bank, BoE, and every other bank as well. How are you, Ben, going to shore up all of the money other countries are printing? Or do you just not care?
Im not to good at predicting prices either. But I do know your gonna be pretty glad you bought plenty when the dollar collapses some time next year.
No political rant at all. You're just saying how you see it and I agree... I hope people can voice their opinions more without feeling that the thread will get locked or people thinking that you're bashing the Obama admin. It doesn't matter who's in office, the facts are the facts and this gov't is doing whatever they want with OUR money. I don't care who is in office, clinton, bush, obama etc...if you suck, you suck...
Why would the government save the dollar? I agree with Alexn2coins any debt will be paid back with cheaper dollars in an inflationary period. Why would the government try to save the dollar? www.goldnsilverdog.com
How do you know it is going to collapse next year? I agree it is probably going to happen at some point in the future, but why next year?
People think the dollar is going to collapse because they read it on the internet. They read it so it must be true, right? What people forget is that a true "collapse" is a very rare event and probably not predictable. The very act of expectation puts forces in motion to prevent the collapse. Most people way underestimate the sophistication of 21st century monetary policy. You'll never read an internet article describing it because the people doing the writing don't understand it, and the people who understand it aren't writing about it.
You don't have to read it on the INTERNET it's common sense look around. Who do you work for the Government? The Dollar will die all fiat currencies have look it up mister i don't look at anything on the INTERNET. www.goldnsilverdog.com
well in that case why wait for $5 when at one point in time there was $1.25 silver maybe we should all stop buying silver til it hits $5 or even $1.25 if people can wait...
I'm not so strong anymore on buying silver bullion at today's price. And I never was a big volume buyer of PMs. Still buying silver but in the form of 90 percent. Working on a set of Barber halves. Just got the 1914 and soon to buy the 1915. Recently got an older ANACS slabbed 1921D Walker in G4. So yeah I'm sidestepping the ASE at 20 bucks a whack. Just thinking of what will [or should] hold value. For me it's the older silver coins like Barber halves and dimes, Franklins, Walkers, Morgans, etc.
as valued in fiat, who knows? but IMVHO as a limited resource and with the Central Bank's expansion of the money supply, with time it will rise. As commented on by #36 at the signing of the Coinage Act of 1965 "Now, all of you know these changes are necessary for a very simple reason--silver is a scarce material."
