Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
$50 Silver: Bubble or New Norm?
>
Reply to Thread
Message:
<p>[QUOTE="fatima, post: 1168439, member: 22143"]You never state what forces that you feel are going to cause silver to go to $100 in a few years. If you don't understand this, then it's risky to count on this metal in the long term. I disagree that gold and silver have any correlation between them except the mistaken belief by many that gold and silver are linked to each other as they were when it was defined this way in law. </p><p><br /></p><p>Something else to consider:</p><p><br /></p><p>Silver 1980 boom - Hunt Brothers</p><p>Silver 1999 boom - Warren Buffet</p><p>Silver 2011 boom - Strong rumor of Russian billionaire. </p><p><br /></p><p>In each case these investors attempted to corner the market buy buying every short on the Silver futures market which is what is taking place now. And in the first two examples, when either the banks or the investors battling each other, throw in the towel, then silver crashes back to earth. This is the reality of what is going on with silver. </p><p><br /></p><p>Gold on the other hand is mostly immune from this kind of price run up because gold, unlike silver, is held by governments and central banks as a monetary asset. In fact they hold a significant amount of the worlds supply of this metal which makes it impossible for an investor to corner. Gold is also bought by governments and central bankers as a hedge against the US dollar. These two items make this metal fundamentally different as an investment than blind speculation of silver.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1168439, member: 22143"]You never state what forces that you feel are going to cause silver to go to $100 in a few years. If you don't understand this, then it's risky to count on this metal in the long term. I disagree that gold and silver have any correlation between them except the mistaken belief by many that gold and silver are linked to each other as they were when it was defined this way in law. Something else to consider: Silver 1980 boom - Hunt Brothers Silver 1999 boom - Warren Buffet Silver 2011 boom - Strong rumor of Russian billionaire. In each case these investors attempted to corner the market buy buying every short on the Silver futures market which is what is taking place now. And in the first two examples, when either the banks or the investors battling each other, throw in the towel, then silver crashes back to earth. This is the reality of what is going on with silver. Gold on the other hand is mostly immune from this kind of price run up because gold, unlike silver, is held by governments and central banks as a monetary asset. In fact they hold a significant amount of the worlds supply of this metal which makes it impossible for an investor to corner. Gold is also bought by governments and central bankers as a hedge against the US dollar. These two items make this metal fundamentally different as an investment than blind speculation of silver.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
$50 Silver: Bubble or New Norm?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...