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<p>[QUOTE="GoldFinger1969, post: 7345048, member: 73489"]The history of PM's is that some great demand will lead to a big price rise. </p><p><br /></p><p>That's been fool's gold....or fool's silver....or platinum....or palladium. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>If the price of silver DOES get too high, it will be replaced.</p><p><br /></p><p><b><u>That said, the price of silver relative to other PMs is low so I do see ample room for the price to move up based on industrial and solar and BEV needs the next few years....the coming shortage of silver mining supply....and rising GDP growth.</u></b></p><p><b><u><br /></u></b></p><p>That said, remember that your PM purchases should be considered SPECULATIONS and not INVESTMENTS. They may triple in price in 5 years or 18 months....or lay flat for a decade or two. Bear markets in PM's can last for decades unlike equity bear markets.</p><p><br /></p><p>That said...if I can borrow an analogy I heard from Peter Lynch (who I had the pleasure of calling on<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />).....<b><i><span style="color: #00b300">I don't know where the next $5-$10 in silver is going, up or down.....but I do know where the next $25-$50 move is going. </span></i></b><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 7345048, member: 73489"]The history of PM's is that some great demand will lead to a big price rise. That's been fool's gold....or fool's silver....or platinum....or palladium. :D If the price of silver DOES get too high, it will be replaced. [B][U]That said, the price of silver relative to other PMs is low so I do see ample room for the price to move up based on industrial and solar and BEV needs the next few years....the coming shortage of silver mining supply....and rising GDP growth. [/U][/B] That said, remember that your PM purchases should be considered SPECULATIONS and not INVESTMENTS. They may triple in price in 5 years or 18 months....or lay flat for a decade or two. Bear markets in PM's can last for decades unlike equity bear markets. That said...if I can borrow an analogy I heard from Peter Lynch (who I had the pleasure of calling on:D).....[B][I][COLOR=#00b300]I don't know where the next $5-$10 in silver is going, up or down.....but I do know where the next $25-$50 move is going. [/COLOR][/I][/B]:D[/QUOTE]
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