Silver Will Never Be Valuable

You should be tired of the same people bumping this thread over and over.

 

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$16.50 to 8.25? I would be. Why? Because I'm not sure why it should: when (in history) did retail Silver drop 50% in 9months in any currency, outside a crisis? If we can innumerate the exact examples and closely examine historical circumstances, I'm convinced there's nothing analogous in today's forecast. This is not 1980. Or 2008. And following the deep retracment from the speculative froth of 2009-2011, we're probably closer to 'average price' now, over the past decade or so.

50% declines from a long term average price doesnt just happen in a few months. So where will a truly epic, massive Silver lode be found... anyone?!

 

I've been in this hobby 23 years and the same 2 types people have fighting about his since I can remember.

 

Where is Homey Em?, and why doesn't he weigh in on how low it will go this time? I have $15.50 in mind. What you tink, Emslice?

 

I hope silver is down under $16 and gold $1150.00 by the this weekend when I go to the coin show in Dalton, GA. I'm looking for decent coins for my type set.

 

I hope it drops down to around $12.50 so i can get some junk silver at 10x face

 

We bounced a little today, but I'm still not sure if we're on the upswing. Without the dollar topping, silver isn't budging!

 

LOL...Eminem you have to use spell check or you will look exactly the way your look and sound...foolish. JMHO.

 

Your avatar and opinion are almost as irrelevant & ridiculous as the other.

 

1.2 percent inflation lol thats using there numbers which dont include food and energy so i guess you believe everything they tell you

 

Well, what's your point? If you included food and energy for 2015, inflation would be negative.

 

First off, if the world ends, what will yo do with a big chunk of silver? I know the concept is that you would want it as stable money but if the world ends what would you prefer, a flock of chickens to lay eggs for you and create a steady food source or a chunk of metal???

That is what a coin dealer told me a couple weeks ago...

 

Not sure where u shop but food is outrageous here 8 dollars a pound for low grade hamburger

 

Instead of just making assumptions, use the Internet. If you think food has outpaced inflation, pick a random "basket" and look at current prices, 10 years ago, 20 years ago, 30 years ago. Sure it has bigger swings, but overall food has generally followed inflation. Go ahead and try it, you will see another stacker myth busted to pieces. No one seem to remember in 2008 when food prices dropped 30%, but it happened. As far as Energy, there is no doubt it is considerably lower this year. As I said, if you add in energy and food, there is negative inflation.

As far as your ground beef, Beef HAS risen more than other foods because of several reasons, but it is not typical, and should not be cherry picked to Prove an incorrect assumption.

In addition, you are severely over paying for your hamburger. ANGUS beef at Shopping, $5.19

http://www.shoprite.com/pd/ShopRite/Angus-ground-beef-80/1-lb/200495000008/

 

i have never seen food prices drop

 

Here you go.

http://www.paulchefurka.ca/Oil_Food.html

 

I'm buying it....................silver that is.

 

Never seen Google, either, then?

I'll just leave these here:





Kroger in our region has milk on sale this week for $1.99/gallon. A year or two ago, it was close to $4/gallon. The "regular price" now is well under $3/gallon. This is a real, robust, and repeating fluctuation, due in part to the US government's weird regulatory policy, but due also to changes in herd size, feed and water prices, and transportation (fuel) prices.

As for beef:



Note that, as @mikem2000 said, beef has been going up more than other foods (even other meats). I've seen one claim that this is partly due to the "pink slime" hysteria -- since producers were forced to abandon an efficient but "icky" way to get more meat out of each carcass, they have to use more cattle to get the same amount of protein. Ground beef has been most directly affected, and so has its price.

 

The Old guy tried to set thing right and everyone just let it go right over your heads.