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Ponderings of supply and extraction. Gold vs. Silver
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<p>[QUOTE="Blaubart, post: 1573468, member: 37498"]Interesting thoughts InfleXion. I agree with most of it, but I don't think the effect will cause silver to trade higher than gold.</p><p><br /></p><p>I could be wrong, and I hope I am because I own many, many more ounces of silver than I own of gold, to the tune of about 200:1.</p><p><br /></p><p>If silver was ever to trade higher than gold, I would assume that would be from a combination of gold losing value and silver gaining value. Let's go heavy on the gold losing value side and say it lost 90% of it's current value. That would mean $173/Oz gold prices. If silver went up to $174/Oz, I would be one happy camper! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> (Assuming of course that it went down to around $20-25/Oz and I bought a whole lot more of it first, and didn't sell all of it at price points between $32 and $174!)</p><p><br /></p><p>But alas, all of that probably won't happen. So I'll just keep buying a little bit every month and stashing it away for an uncertain future...[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 1573468, member: 37498"]Interesting thoughts InfleXion. I agree with most of it, but I don't think the effect will cause silver to trade higher than gold. I could be wrong, and I hope I am because I own many, many more ounces of silver than I own of gold, to the tune of about 200:1. If silver was ever to trade higher than gold, I would assume that would be from a combination of gold losing value and silver gaining value. Let's go heavy on the gold losing value side and say it lost 90% of it's current value. That would mean $173/Oz gold prices. If silver went up to $174/Oz, I would be one happy camper! :D (Assuming of course that it went down to around $20-25/Oz and I bought a whole lot more of it first, and didn't sell all of it at price points between $32 and $174!) But alas, all of that probably won't happen. So I'll just keep buying a little bit every month and stashing it away for an uncertain future...[/QUOTE]
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