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

I've read that electronic needs and silver hoarding are the major factors behind our demand(supposedly 250 tons) exceeding the worlds yearly supply (around 230 tons) which will drive silver that high within 2 years. Any thoughts?

http://www.visualcapitalist.com/portfolio/the-silver-series-supply-and-demand-part-2

 

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eh its all speculation to me and look what that did to the housing market
when i think of the price of PM's i tend to use mark twains quote

history doesn't repeat itself, but it sure does rhyme

 

Depends on what you mean by "near".

 

Yes, absolutely!
http://en.wikipedia.org/wiki/Timeline_of_the_near_future

No, almost certainly NOT.
http://dictionary.reference.com/browse/in+the+near+future

 

Usually when someone makes assertions like that it is only because they have something to sell, NOW!

Chris

 

Are you being serious, Chris?

I think Ag might go to $100 ozt when the Dollah fails, but I don't see that happening before 2018/20.
Is that "the near future"? I also hope (very much!) that I AM WRONG.

 

I never try to predict price levels for PMs - I can't do it anyway. I just try to determine the path of least resistance and for silver it still seems to be UP!

 

Why do we always get these questions? I mean, it's as if the silver bugs figured out that cointalk.com isn't a PM bug haven.

PM Bug Analyst #1: "Guys! Did you hear? There's a coin forum that doesn't believe PMs are going to quadruple in the next three days!!!"

PM Bug Analyst #2: "No way... That's impossible. They're our bread and butter. Without the coin PM bugs, we'd be out of business in three months."

PM Bug Analyst #1: "It's okay. I have an idea: Let's advertise in newspapers and on TV about how gold and silver are at all-time highs, and this is the perfect time to buy!!!"

PM Bug Analyst #2: "Doesn't that contradict what the jewelers and gold buyers are saying?"

PM Bug Analyst #1: "That's alright. The confusion will just drive prices even higher!"

 

Most of these PM hucksters don't even have the real thing. It's all on paper. I remember the last time I received one of their "market analyses" and they were saying that silver would go to $50/oz. That was 2003! All they care about is getting your money, now! If they can convince a few hundred or maybe a few thousand suckers to buy at $40 when it is at $32 claiming that it will go to $100, just think of all the money they have to buy the real thing and bait the next group of suckers.

Chris

 

IF silver makes a cup and handle formation at $50/oz sometime within the next year or so then it would be a double cup and handle going back to 1980 and 2011. Then if it breaks 50 definitively I would expect triple digits to follow, with a pit stop at 75.

 

To heck with silver, buy nickels!

http://www.survivalblog.com/nickels.html

I'm currently in the market for 30 cal. ammo cans... :yes:

The lesson is no one knows for sure what any particular metal will do in the "near" future.

 

Silver may someday reach $100/oz. The problem isn't when it will but how long will it take. I've found that commodities like silver are a good hedge against inflation but aren't as lucrative in the long run as more risky investments like the stock market. Over the past 30-years, I've averaged about 6% in the stock market and only 5% in the silver market. If someone is counting on silver to counteract the potential for the US dollar to collapse, I think that they are not thinking it totally through. If the US dollar collapses, so do the prices of most commodities including silver. It is my opinion that it is better to have your investments well diversified and not in one bucket. I made quite a bit of money in silver between 2005-2010 and quite a bit in the stock market between 2009-2012. I'm not good enough to time it, so I diversify.

 

I think if the Dollar (or any currency) collapses, commodity prices can go haywire BUT THEN UP, not down (as price controls/band-aids eventually fail.)

Commodities don't go down right before a Paper currency dies! On the contrary, there's (always?) a "moonshot." This link might be informative, fyi
http://dollardaze.org/blog/?post_id=00107

If you looked at timelines/examples from US history (the Continental, local State notes circa 1777; Confederate Dollars and the Confederate State/county/municipal notes and private currency circa 1862-1865; certain State/bank notes in other periods; etc.), currency failure essentially is marked by the same parabolic price curve for commodities/real money, every time.

Presume you'd see a nearly identical chart in all paper fiatscos, major or lesser, and no "it won't be different this time." IMO

Here's an erratic-but-same-conclusion Gold chart for C$ 1861 -1865. (I'm not sure that inflation/Gold Price 'dip' is correct, though.)

 

You can't compare the current situation in the US with the confederate dollar of the 1860's. It became quite apparent to the entire world in 1864 that the south would most likely loose the war. The world lost total interest in their currency and it began to hyper inflate. Meanwhile, the north was having incredible success in blockading their ports and limiting their export dollars. As their currency went to near worthless, its value against gold was inversely proportional. The US has about 27% of the world's GDP. What is quite surprising and little talked about is the fact that it has remained quite constant over the past 30-years. As China's and India's economies have increased over this time, the US share of world GDP has remained pretty constant while Europe's share has diminished. If the US dollar colapses, the world will go into a serious depression. The price of gold may go higher against the dollar but it won't be a pretty site. It is my opinion that this scenario is not going to happen. Of course, I'm an optimist by nature.

 

The difference is the reported GDP is a farce. 30 years ago, USA GDP was based on resources, food and manufacturing. Today it's based on food and finance, and the finance piece is nothing.

 

You might be interested in this, Phil:
http://goldsilverworlds.com/gold-silver-insights/research-shows-all-paper-money-systems-failed/

Regards!

 

I literrally just wasted my entire morning learning about the future. lol

 

I'm an American living in India for the last 1.5 years. What are you trying to say? If you think it is better over here, please come and live for awhile. You'll get the picture pretty quick. It isn't what you think.

 

My only bit of "new information" on this topic is that I am seeing silver being advertised in the WSJ again nowadays. I don't think this is a good sign. Back when silver was $4 and gold $300 it was advertised for sale a lot in the WSJ, but while its been in a bull market none of these ads were being placed. I think the fact sellers are needing to place ads in such newspapers again is showing the relative weakness in sales. As such, I am not sure how much steam is left in the bull, at least as far as consumer sales go.

Another observation was at a local coin show a week ago. The silver cases, (dealers of junk silver), were overflowing with material, and a man came up beside me as I was looking wishing to sell over 6 rolls of ASE's and some junk halves. A year ago these same cases were very sparse with product.

Just my opinion/observations. Not saying they mean anything, so take them as you will.