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Do any think silver will go to $100/oz in the near future
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<p>[QUOTE="Juan Blanco, post: 1673732, member: 41665"]Actually, THAT part is pretty easy to guess:<i> about what it purchased in the past. </i></p><p><i><br /></i></p><p><i></i>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. </p><p><br /></p><p>[ATTACH]249295.vB[/ATTACH]</p><p><br /></p><p><br /></p><p>In recent years, 2-4 bushels raw wheat per Ozt Fine Ag. is normal. Wheat is $8.515/bu and Silver $28.666 so <b>3.367 bu/ozt Ag </b>currently. In 2012 USD$, a "famine price" for raw Wheat <i>retail </i>would hypothetically be $10/lb. retail, or 4-6x the <i>Average </i>Wheat/Silver wholesale ratio: </p><p><a href="http://www.cointalk.com/t217245-4/#post1580440" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/t217245-4/#post1580440">http://www.cointalk.com/t217245-4/#post1580440</a></p><p><br /></p><p>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) <i>the range will be fairly constant on average</i>. <a href="http://www.indexmundi.com/commodities/?commodity=gasoline&months=360&commodity=silver" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.indexmundi.com/commodities/?commodity=gasoline&months=360&commodity=silver" rel="nofollow">http://www.indexmundi.com/commodities/?commodity=gasoline&months=360&commodity=silver</a></p><p><br /></p><p>For example 1 ozt Ag for <b>9.85 ga. gasoline (Whols Spot) </b>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.</p><p><br /></p><p>Does that (~ gallon more/less) sound like <i>inconceivably more</i> "expensive/cheap" ? Nahhh, it's <i>about the same </i>in most people minds.</p><p><br /></p><p>The problem is rotten Paper, not Silver's value.[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1673732, member: 41665"]Actually, THAT part is pretty easy to guess:[I] about what it purchased in the past. [/I]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. [ATTACH]249295.vB[/ATTACH] In recent years, 2-4 bushels raw wheat per Ozt Fine Ag. is normal. Wheat is $8.515/bu and Silver $28.666 so [B]3.367 bu/ozt Ag [/B]currently. In 2012 USD$, a "famine price" for raw Wheat [I]retail [/I]would hypothetically be $10/lb. retail, or 4-6x the [I]Average [/I]Wheat/Silver wholesale ratio: [URL]http://www.cointalk.com/t217245-4/#post1580440[/URL] 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) [I]the range will be fairly constant on average[/I]. [URL]http://www.indexmundi.com/commodities/?commodity=gasoline&months=360&commodity=silver[/URL] For example 1 ozt Ag for [B]9.85 ga. gasoline (Whols Spot) [/B]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 [I]inconceivably more[/I] "expensive/cheap" ? Nahhh, it's [I]about the same [/I]in most people minds. The problem is rotten Paper, not Silver's value.[/QUOTE]
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Do any think silver will go to $100/oz in the near future
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