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Do any think silver will go to $100/oz in the near future
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<p>[QUOTE="InfleXion, post: 1592240, member: 29012"]Silver doesn't have to break triple digits to be a great play. The dollar might collapse before that. Anybody buying metal with the intent of making paper profits is doing it for the wrong reasons, and those are the people who inevitably end up selling, because they didn't get the quick turnaround they wanted. </p><p><br /></p><p>I've been reading articles saying that metals are down this week because the Fed gave hard targets for when QE will end, even as they begin QE4 by continuing Op Twist without sterilizing the money - no more short term bonds to offload so it is outright debt monetization with new money now to the tune of $85 billion/mo. This is so backwards, because they are now buying 90% of all new Treasuries plus a good portion of the housing market, and there is just no way they can turn off QE without the floor falling out of both of those markets. It's just not going to happen, but thanks to market irrationality we can still buy on the dips. </p><p><br /></p><p>I've long said silver is an end game play. I'm guessing gold will be more profitable than silver until such time as it supplants fiat currency. Until that happens there will always be efforts to keep metals down to eliminate competition. At such time as fiat currency goes the way of the dinosaur there will no longer be any need to keep metals down, and then we will see what fair value is, with prices measured in ounces, not dollars.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1592240, member: 29012"]Silver doesn't have to break triple digits to be a great play. The dollar might collapse before that. Anybody buying metal with the intent of making paper profits is doing it for the wrong reasons, and those are the people who inevitably end up selling, because they didn't get the quick turnaround they wanted. I've been reading articles saying that metals are down this week because the Fed gave hard targets for when QE will end, even as they begin QE4 by continuing Op Twist without sterilizing the money - no more short term bonds to offload so it is outright debt monetization with new money now to the tune of $85 billion/mo. This is so backwards, because they are now buying 90% of all new Treasuries plus a good portion of the housing market, and there is just no way they can turn off QE without the floor falling out of both of those markets. It's just not going to happen, but thanks to market irrationality we can still buy on the dips. I've long said silver is an end game play. I'm guessing gold will be more profitable than silver until such time as it supplants fiat currency. Until that happens there will always be efforts to keep metals down to eliminate competition. At such time as fiat currency goes the way of the dinosaur there will no longer be any need to keep metals down, and then we will see what fair value is, with prices measured in ounces, not dollars.[/QUOTE]
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Do any think silver will go to $100/oz in the near future
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