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

I buy $20 of Nickels and a box of Cents a week. My girlfriend even hels me search them now!

 

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I would like silver to be above $30 again. Unless I am buying, in which case lower is better.

 

Excellent discussion! It seems that some of you are well aware of how our inflationary situation will in no way bode well for our frail consumption based economy.
Its hard to believe for some that we will inevitably be pushed out as the worlds consumption dynamo. But when we start sliding down this slope (which has honestly not "completely" begun yet), the $petro$ dollar will be replaced quickly by a basket of somewhat war torn currencies, that will at least survive with respect to their injuries. The basket of currency's will be the catalyst into the next reserve currency that will replace our dollar... In the midst of this "hang time" or "flux" moment from the replacement of the dollar, is where the major anticipated spike in bullion will occur. I speculate that it will be a "temporary" transition. You will certainly see many run to the bullion shelf to keep their wealth from becoming diluted or eviserated, as the dollar sinks. I don't believe the dollar will flat out free fall, but once the snowball effect kicks in, the pitch from the slope will at times appear completely vertical.
(Yes, this is just a guess of how the events may unfold)

I believe the price hike coming in silver is predictable. But not in the sense of where it will top out at. The sky is the limit. Anyone trying to predict a number of where it will land is wasting their time. I feel its at least better to predict its direction. Which I think we can all fairly agree that its still heading up... With all the manipulation going on and the lack of m3, the price of bullion is the canary in the coal mine.. Should it rise to quickly, then a disorderly chain of events will likely follow... Just my speculative $0.02

 

I have heard that it may go up in the second half of the year, but who knows?

 

in a word, no

 

Nominally it may hit $100oz but that doesn't mean anything. Who knows what 1oz of silver may purchase in the future?

 

UUUUGGGGHHH this question again????

 

Actually, THAT part is pretty easy to guess: about what it purchased in the past.

Look at Spot 'Wheat in Silver' in most years (that is to say, 'most of the time' or monthly average prices) and you'll discover the range is fairly tight.




In recent years, 2-4 bushels raw wheat per Ozt Fine Ag. is normal. Wheat is $8.515/bu and Silver $28.666 so 3.367 bu/ozt Ag currently. In 2012 USD$, a "famine price" for raw Wheat retail would hypothetically be $10/lb. retail, or 4-6x the Average Wheat/Silver wholesale ratio:
http://www.cointalk.com/t217245-4/#post1580440

Look at 'Gasoline (ga.) in Silver' or any other Spot Commodity price likewise; beyond obvious WEEKLY price-variations, most of the time (last 40 years) the range will be fairly constant on average. http://www.indexmundi.com/commodities/?commodity=gasoline&months=360&commodity=silver

For example 1 ozt Ag for 9.85 ga. gasoline (Whols Spot) in March 2013. Find the greatest avg MONTHLY PRICE extremes of the last 45 years for gas & Silver. An extreme (March 1999) ~11.46 ga gas per 1ozt Ag. Another extreme (November 2008) ~8.63 ga gas per 1ozt Ag.

Does that (~ gallon more/less) sound like inconceivably more "expensive/cheap" ? Nahhh, it's about the same in most people minds.

The problem is rotten Paper, not Silver's value.