Future price prediction for silver & gold

If silver goes up I wonder how many people will rush to sell and bring the price back down????

Speedy

 

Log in or Sign up to hide this ad.

SILVER Proof Sets

Speedy,

Since supply is mostly fixed for this 2000 coin set. Demand will set the price, not how many people willing to sell.

BWJR

 

personally, speedy, I don't think it's how many people that makes the difference... I think it's the big dogs that trade on the margins that drive the market.

 

I wasn't talking about the 2000 Sets BWJR...I was talking about All silver...

Speedy

 

There was such a huge silver melt back around 1980 that there probably isn't a huge quantity left to sell into the market at any price below about $20. Silver inventories used to be counted in the billions of ounces. Not anymore. I'm guessing that not too many coin collectors will rush out to melt down their silver collection. I won't. Most of the other forms of silver are already gone except for the special pieces that people just won't sell at any price.

Unless you've lived through a metal bull market, you just can't believe how things can get higher in price than anyone can imagine. Silver went from $1.29 to $50. It could now go from $7 to $???

 

No...but how many non collectors that have a few coins from "Aunt so and so" will go out to make a fast $$.

Speedy

 

Speedy,

The current annual deficit of production compared to the consumption of silver is measured in the tens of millions of ounces. Another way to look at it is that the deficit is somewhere between 5 to 10 times the total number of silver American eagles minted every year, depending on which source of data you use. Aunt So-and-so's coins aren't going to make a difference. If all collectors decided to do a "mass-melt" of all collections of silver coins, effectively destroying the hobby, I suppose that could delay the price rise by several years. I'm not expecting that to happen. The normal reaction of markets to shortages is for the price to rise, and that's what I'm expecting. It's also what is happening, if you follow the price of silver.

 

Yes, silver prices did move up dramatically and back down around 1980, and then stayed down for some twenty-plus years. Not everyone was around and paying attention at that time, so there may be more silver out there than we might imagine. And perhaps more controversially on this forum, there will likely have to be a huge debt meltdown ahead that could cause unplanned (or unwilling) selling of silver (and other) collectables and pieces. What seems to go unspoken is that numismatics could get a lot cheaper in a recession at the time bullion prices go significantly higher. One may want to have an exit strategy out of bullion and into numismatics in the future at much better comparative values than exists in the two sectors today. More numismatics could be melted inadvertently in the process, as before, thereby helping drive numismatic prices up again to even new heights. Markets move up and down. Not suggesting everyone become a trader, but nice to catch intermediate to long-term trends. Personally, I just don't have the time remaining or stomach for riding out twenty year bear markets, on the long side. Not sure simply leaving it all to the next of kin to sort out is the compelling answer.

Willie

 

I hope silver performs better than it has for the last 40 years....Ouch!

 

Willie,

Good observations about the potential impact of debt liquidation, and the suggestion to swap out of bullion if the opportunity presents itself. That's what makes it interesting. There's no such thing as a sure thing. I'm not too worried about the prices of gold and silver staying too low. But nobody can guarantee anything.

 

And just how long is the Gov going to be able to keep doing that??
I would also say that some ASE have been melted down for the silver and so that does cut down how many are out there..

That is where you and I part...There are also people out there that would melt down any silver they had...even if it was ASE or silver coins if silver goes up that high...
Small people can and have proved in the past that they will make a difference...

So don't count your chicks before they come out of the egg...but then again...I better not either

Speedy

 

I think GDJMSP makes a good point about the dollar. Probably a good reason to have some money in silver. The dollar shrivels....Wish I'da bought some Euros when they were .97 cents apiece!

 

He does, as usual. Most posters, certainly not all, appear to be in the U.S. How about Canadian energy stocks (now correcting)!!

Willie

 

GD, I've heard before that the price of gold has been set artificially high in normal circumstances, through actions of large players that could easily flood the market any time they choose, but I guess that would theoretically ruin themselves in the process.

Is there any truth to this?

 

Perhaps, but "nowhere" beats "dollar down".

Willie