After 4 years of worldwide silver deficit, supply meets demand. Anybody thinking that’s going to change is delusional
I have a bunch of constitutional silver but I don't know enough about the silver market to comment. Please explain what you mean. I came here specifically to see what our residents think about the latest surge and where it might be headed. Thanks.
PMs basically have been keeping pace with inflation. So you aren't losing money. For example you buy 1000 worth of gold and in 2 years the inflation is 20% and the value of gold is also 1200. 1000 in a savings account now has 20% less purchasing power. However, the PMs don't earn any interest or dividends. You could put that same 1000 in a good stock or mutual fund and it "could" be worth 1500. (Or 1200, or 1000 or 800.) Yes it was possible to get in low, and then sell now and get out high and make a profit, but it's generally just a hedge and a way to diversify so as not to have all your eggs in one basket. Now if there is some catastrophe, atomic war or economic collapse, money will be worthless and only silver and gold will have value, but there won't be any food to buy anyway. As for silver which has gone up and down in the past, because of the terrible inflation the last 5 years, I don't see how it will ever go below $40 again.
Sorry, not seeing it. Gold has nearly doubled since the beginning of 2023. We've had some inflation during that time, but prices in general have nowhere near doubled. And from its peak in 2011 to its bottom in 2015, gold dropped by over 40%. Do you remember a similar drop in prices during that same interval? Because I sure don't. Gold is a commodity, not a sacred currency, even though enough treat it as the latter to give it some extra lift. Its price fluctuates, chaotically. Of course, if you want to say gold is the only true measure of value, you can say that the dollar is moving down and up, instead of gold moving up and down. It just gets really silly trying to track literally everything else denominated in dollars "getting cheaper" as the price of gold spikes. And if you want to say PMs basically keep pace with inflation, you need to explain how an ounce of gold was worth 120 ounces of silver in late 2019, then less than 70 ounces of silver by the beginning of 2021...
If the doomsday scenario were to occur you can bet all your gold and silver that gold and silver would be worthless too. As you said, there'll be no more production of processed food. However, those who do have some won't be trading it for gold and silver. They'll be trading it for: water water filtration alcohol denatured and refined medical supplies incl. medications cigarettes feminine products baby food/formula ammunition canned goods gasoline diesel fuel and on and on..... Bottom line, gold and silver won't be worth squat after a couple of weeks into armageddon.
It's a good time to be searching dealers junk silver piles. I'm sure there are some nice coins being dumped.
Not buying the PM hype. What I have been buying is a lot of stock in energy companies. I sold my PM and crypto at record level pricing and moved it into energy companies when the stock market was down. Why; Artificial Intelligence. The need for power over the next decade will far out pace the need for precious metals and digital currency.
We’re in a worldwide deficit for silver since 2021. Using stockpiles and melting old coins & silverware. https://sprott.com/insights/silver-investment-outlook-mid-year-2025/
Prices have more than doubled in most areas. I realize my degree in economics means nothing. Nor my 6 figure returns buying and selling stocks every year since the pandemic started. How would I know anything? It's all luck. There's no study involved at all. Yes gold has doubled. And I am paying MORE than 2x the amount for groceries. Meat has more than doubled, seafood has more than doubled, produce has more than doubled, OJ etc. Eating out has more than doubled. Every restaurant you can name. But check out pizza and fast food. Way more than doubled. The list goes on and on. Please put me on ignore, so we have something in common.
I'm assuming you're referring to me putting you on iggy. No Michael, that's not how I handle disagreements. I'm not afraid to civilly discuss a topic we don't see eye to eye on. As for the portion of your last post (quoted below) that has any relevance to any conversation here, mostly because your scholastic achievements are moot considering you haven't a clue what my education and employment CV is, you're introducing talking points that have nothing to do with the armageddon/doomsday reference you made to which I responded. So your quick to ignore reaction leads me to conclude you either run from defending your position or you just don't like my position. And for the record, your above quote, I'm in agreement with. It's your gold and silver value in a "catastrophe, atomic war or economic collapse, money will be worthless and only silver and gold will have value," comment that I disagreed with.
Nope, I have no degree in economics, and I have no great track record as an active stock trader. But I do buy groceries for the family, and the stuff I buy has not doubled over the past two years. Nor did it all get cheaper when gold slumped after 2011. Gas goes up and down in response to a bunch of things. Gold goes up and down in response to a bunch of things. The dollar goes up and down in response to a bunch of things. The long-term trend is for the dollar to lose value due to inflation. In the long term, many other commodities, including gold, tend not to lose value. But short-term action in one commodity's price doesn't mean the dollar (and all other commodities) are moving in the opposite direction. At least, I don't find that a useful representation. Your mileage may vary, especially if your fortunes are tied to a particular commodity (say, you're a farmer, or a PM stacker).
