Silver Will Never Be Valuable

This thread is toooo old.

 

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I'm kinda enjoying it because of all the prognosticators that know just what will happen tomorrow.

 

Stop laughing! You'll make me laugh!

 

Yeah, we know what's up

PS, There's speculation that China is buying up all the pm's to go back to the gold standard to dominate world currencies and *if* that happens watch out! Not sure how reliable the theory is though

 

Yo homies!!!

Just felt the urge to type that, no idea why.

 

Back under $20, homey should be back soon....

 

ebb and flow you never know, could the next upswing go to $25 ?

 

It surely will, for the right definition of "upswing".

 

Hey, remember that I am on record a few years ago predicting silver will be $100 an ounce. Eventually.......

Yeah, someone should bring back out threads from 2013. Remember all those "backing the truck up", and "proving" silver will soon be $121 an ounce? Ah, good times. Flame wars, people on ignore, etc.

 

You callin' me a liar?!?!?!

 

I agree with you mainly. Silver of course will eventually be $100 when todays price level is like 6X or 7X what it is now then silver will be $100, but the silver side really overdoes it with this silver to $500 and the GSR to 10 to 1 garbage. I actually had a guy on the forums guarantee me that the GSR would be 1 to 1 within 5 years. That was over 5 years ago.

Silver is 19 something an ounce right now and when I go to my LCS his cases are PACKED with silver he cant sell. So yeah I agree it will never be $100 ( in todays money ).

 

I remember when silver had gotten up to about $46-$47 someone at motley fool posted that silver would fall back under $20. The silver side pounced all over him calling him the biggest idiot ever and everything else you can think of. When he turned out to be 100% right and they were 100% wrong they convienently disappeared.

 

Almost 3 years later... Eminem is still right.

 

I don't see it anywhere close to $5 yet... after three whole years.

 

The day silver hits $500/oz is very likely the day a loaf of bread may cost around $250....food staples will likely rise significantly higher in cost than compared to silver during very tumultuous times. I certainly hope these times don't come any time soon.

 

It'll always take a truckload of silver to equal a hand full of gold.

 

Are you from The Bronx?

 

Do you have a small truck or big hands?

 

It's my wife's expression. A figure of speech.

 

It's estimated that there are 2 billion ounces in the hands of dealers, collectors, stackers, and investors. That isn't what I would call a huge amount. Maybe 1/20th of an ounce for everyone on the planet. That figure comes from Bix Weir. If You aren't familiar with Bix, check him out on YouTube. I believe his research is sound.
I saw a post from a guy who said that Silver is an Industrial Metal and nothing more. I think he has been asleep the entire time he's on the Web. There are quite a few beautiful pieces of Industrial Metal.