Do any think silver will go to $100/oz in the near future

Here is an interesting you tube video I found, It is 40 minutes long, but the guy does make some very interesting assertions about silvers historic value compared to today's value. going all the way back to roman times. there is also a very interesting segment on the mining of silver.
Regardless of which side of the argument your on there will be something here you might find of interest. http://www.youtube.com/watch?v=JdbYztGEgbU&feature=youtu.be

 

Log in or Sign up to hide this ad.

Without a viable alternative, people are going to use metals as the de facto money, because that's what they are, that's what they are best used for, and they are the best naturally occuring things for a medium of exchange. In the past, they didn't take peoples' gold, they just made it illegal and asked it to be turned in. If the dollar collapses there will be enough difficulty keeping things stable without worrying about what kind of money people are using. For me metals are freedom from the system. If and when there comes a time where none may buy or sell without giving in to certain tyrannical technology, those with metals will be in a position to choose what they want to do instead of being forced into something disagreeable. If I can't sell my metal because I have to hide it, so be it. The investment aspect is secondary for my purposes.

 

Great perspective. It's important to have alternatives: many baskets.

I've talked to many who feel PMs will have little purpose if SHTF, opting instead for the beans and bullets...no bullion. That's narrow-minded, I think.

 

i dont think that silver will go to 100 dollar oz unless everything else will be 3 times as much too

i always like to think of the silver dime per gas cost ... there are many articles on the topic but i like this one

http://inflationdata.com/articles/2012/02/27/gasoline-20-cents-a-gallon/

 

Not really. In a true SHTF situation, there won't be anything in the stores to buy, and if you let anyone know you have bullion by trying to barter with it, it will only put your life in greater danger. PMs work best when the system holds together and there is moderate inflation. As was pointed out earlier, in SHTF, gold and silver will most likely be confiscated or outlawed, and holding onto it is just another personal danger.

 

Don't accept YOUR vague & slippery 'SHTF' scenario, but I personally KNOW many people who have lived through currency/societal collapse and/or escaped (from Nazis, Communists, etc.) with little more than the clothes on their back and a little Gold.

A little Gold CAN SAVE YOUR LIFE (or so I've been told) - and your prognostication has been proven false, already, many times.
Holding Gold wasn't the danger, in any case.

 

Many? Exactly which currency collapse are you talking about?

 

I challenge that because you may know people who have lived through A currency collapse, you know no one who has lived through a collapse of the default Global Currency. If the greenback collapses, it will be a far reaching and an event like no other. With no history of such an event, I don't think you can say what they outcome would be, you can only guess. Personally, my guess there would be no need and no demand for PM. In all other currency collapses, there has always been a place to take PM's where they still hold value. With a greenback collapse, other currencies would most likely fall like dominoes, and there would just be no place to run, no place to hide.

 

Metals alone won't be very likely to see you through a SHTF scenario. You'd want all sorts of supplies so that you don't have to spend your metals, and a way to protect your stockpile, so you can ultimately come out the other side in good shape. For me it's not just for getting through that scenario, but for having an alternative if the currency that eventually replaces the dollar requires certain kinds of participation that I am averse to. That could happen with or without major unrest.

 

Oh - this time will be different? The experience of misery for Americans is/will be DIFFERENT than the hunger/suffering of Russians, Bosnians, Cubans, Vietnamese, Hungarians, Czechs, Jews (of various nationalities fleeing Nazis and puppet regimes) that I've met... it is/will be DIFFERENT for Americans today because... because... we're special, right?

No, obviously. And American Exceptionalism is garbage-thinking, pure nuttiness, hysteronic blather. (--I agree:the archaic "intellectually retarded" is not politically correct usage--)
Fact: human civilization has never ended with any prior currency collapse - and it won't next time. YES global currencies have come & gone before, mikem2000 - the Greenback isn't the first & won't be the last, have you thought to look back 200 years or so? Your so-called (imaginary) SHTF scenario is NOT the End of my world, either. So sorry to disappoint you.

Good grief - you people must worry about the Yellowstone Caldera exploding or giant asteroids hitting Topeka, a rather more likely events. True the Dollar's collapse won't be fun, but hey, I consider it a teaching moment for Paper-Bugs... they really didn't deserve any of that 'notional stuff' (paper value) in this shamelessly material world anyway.

Schadenfreude? Nah, just a reality check, that's all.

 

You post is so outrageous, insulting, and inflammatory, I don't even need to defend myself. How in world do you get from my statements to thinking that I feel American misery is different than anyone else and I feel Americans are special? Also, your short bus comment was through the roof and I am certain the Mods will delete it.

You post speaks for itself, and everyone is on to you. If there was anyone left who was still taking you seriously, they won't after reading this.

 

ahh what about hard assets?

 

Why? His post hit the nail on the head. Every un-backed fiat currency in history has collapsed eventually, so it is merely a matter of time unless you think the USA is "special" (like Juan Blanco already alluded too).

If you can't already see the signs of collapse you just aren't looking. 16 trillion in debt and over a 100 trillion in unfunded liabilities, and the USA is moving backwards not forwards with current yearly deficits at 1 trillion +

 

In my opinion, hard assets will be what you need to barter with. A bucket of nails could go a long way.

 

Tinpot-
Paper-Bugs presume nothing will have ANY value when their beloved Dollar, Euro, Zloty, whatever notional promissory note collapses. It's an article of faith that "a sack of Gold won't buy a plate of food!" because it says so in the Book. (Except it doesn't.) History shows the opposite: in every famine, PMs retain value when the credit fails... Asking WHY is both heretical and the key to survival, at this juncture.

Defunct currencies perhaps number in the thousands. And so - to keep this particular ponzi going - Paper dupes must play make-believe & insist Silver/Gold (not Paper) will become worthless too ...

But that hasn't ever happened, has it? Gold and Silver endures as a monetary alternative, yet - despite ALL doom/pessism (the imaginary) and any catastrophic circumstance (the real) in human history.

And so, they rage on.

 

When did the Euro collapse? I must have missed that........

 

lol that is truly grasping at straws, the Euro has been around for what 10-12 years, quite the track record you've got there, keep up the good work

 

I guess I missed the Yuan also.... I can keep listing fiat currencies that have not collapsed all day long. Might be time to re-think your statement.

 

Mike why do you love paper money so much? Perhaps you benefit from the current system that allows the powerful to steal from the weak through inflation and money printing?

 

I do agree with you on this, but I disagree with your previous opinion that there would be no need or demand for PM. If you believe in hard assets, you can't beat PM. The thing is, how do you price something in nails? Not all nails are created equal, but metals are fungible, divisible, durable, and portable. Nothing else in existence except for metals meets these 4 definitions for a unit of account. Anybody who wants to get a fair shake would be prudent to make use of them for what they are. Not everybody is going to want nails, not everybody is going to want whiskey, however desirable they may be to many, but everybody needs a reliable medium of exchange.