Yeah I didn’t post all the information I meant to say and it came across incorrectly. I normally can get 1/10th oz gold & 10 oz of silver with my monthly preset budget but not always since if prices are high I can’t get all that.
Thats a great formula, I follow the same actually now that BTH has dropped slightly I have decided to take my profits and but some more 1 OZ Krugers my LCD has a list of the years I am looking for, trying to find the low populations first if possible some years are stupid low...LOL
As the great Peter Lynch would say......I don't know whether the next $10 is up or down. But the next $20 is UP.
Time to buy and in reality Silver is more Rare then gold..gold just sits in a vault or is jewelry..silver is needed on an industrial scale while what is used is rarely ever recycled compared to gold. buy and buy big at 100 oz bars & up! $50 silver this time next year if not more! IMO
Gold sits in a vault or is jewelry? You might want to research that a bit. Cell phones, computers and a huge amount of printed circuitry has gold in them. Here's a picture of some of the gold on circuit boards I've saved. Recovering the gold is not easy, but those who do it will buy these circuit boards en masse. The red arrows are pointing to the gold
I cannot see how you have a point to consider the majority of gold does sit in vaults and as I pointed out the recovery of silver is very very low in recycling vs. Gold as often the silver is destroyed or methods to recover it is too costly vs. the cost recovery ratio of gold. I never states gold does not get recycled only that silver is more heavly used and often once its been used in manufacturing it's an unrecoverable components mostly on an economic basic. https://seekingalpha.com/article/41...e-industrial-metal-tends-to-be-underestimated https://www.bullionvault.com/silver-guide/silver-industrial-demand
Neither silver nor gold are looking too good right now. But with all the economic question marks out there — inflation, employment, tapering of stimulus — it’s really close to impossible to make a prediction of where prices will go. I suspect the gold sell off helped fuel today’s jump in the stock market, which I have reservations of buying into.
That’s not really true as coins, jewelry, silverware etc are melted and recovered all time in massive amounts. Doesn’t really matter either way as there’s no shortage of either ,
Platinum has been looking real sweet being its under 50% its high from a few years ago. Still concerned it's not done falling too or how far. Could it be $500 an once a year from now?
You stated (bolded in RED above) that silver is needed on an industrial scale. In a post that specifically addresses only two PM's, silver and gold, your omission of gold in the statement 'silver is needed on an industrial scale', implies that gold isn't needed on an industrial scale. I merely pointed out that gold is also used, in a big way mind you, on an industrial scale.
I own no Bullion of any kind and what I did have was sold and just like everyone else I gave an opinion.
Future silver prices are anyone's guess. People come up with all kinds of fancy charts and Analysis but nobody knows for sure. It's all speculation.
Especially with the pandemic everything is up in the air right now, many people don’t know which way is up..LOL