Solar Panels, How Much Silver Should You Own??

Discussion in 'Bullion Investing' started by fretboard, May 30, 2021.

  1. fretboard

    fretboard Defender of Old Coinage!

    When you consider all this talk about Solar panels and all the "buy silver today" talk on Youtube it makes it seem like if you pile up on Silver it would be the smartest thing you could possibly do. Well, how much do you think a person should have and hold until the big payday? Just wondering as I don't have much Silver at all. I have 13 ASE's, half a roll of Silver Washington Quarters, half a roll of Silver Dimes, plus a little more but not much! :D What do you think, if you had what I have would you buy more or not? Just wondering, how much should the average Silver Stacker own and why??
     
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  3. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Personally, I don't think anyone's going to make much money as the result of a radical increase in demand for solar panels.

    Roughly 33 million American homes do not presently depend on solar panels. Assuming the 12+ troy ounces per home that were estimated in the referenced thread, that's 396 million troy ounces. The mining industry produces roughly 25,000 metric tons of silver annually.

    That's roughly 6 years worth of new production, but the amount of time it would take to tool up and ramp up production of the necessary PV cell capacity, and the amount of time it would take to meet the speculated demand is so far into the future that silver extracted between now and then would easily meet that demand, if it ever materialized.

    This supposition completely overlooks widely ignored concerns over the environmental efficacy of large scale implementation of solar panels.

    Our real problem is not finding more energy . . . it's using less.
     
    Last edited: May 30, 2021
  4. fretboard

    fretboard Defender of Old Coinage!

    I agree with you on Solar energy but that's just one of the reasons why people are buying Silver like crazy! :D Ever since #silversqueeze people been on non-stop missions to buy Silver like it's a necessary food group they can't live without and the spot price of Silver hasn't even hit $30 in well over 5 years. That said, I can't help feeling like I might be missing something here. I mean if it's just a gamble investment I get it, but if it's something deeper, I'd like to figure it out so I don't lose out. I'm thinking I'm going through a fomo phase, hopefully it passes! 112.gif
     
  5. Collecting Nut

    Collecting Nut Borderline Hoarder

    They said the same think about buying silver when photography took off.
     
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  6. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Don't get me wrong . . . I do think you'll miss out more if you have cash sitting around in US Dollars, but if there's something you've been thinking about saving for or buying now, you should spend the money on that instead of on silver. Why? Because while I do expect silver to rise as the result of a decline in the USD, I expect prices for the things you would buy with the USD to go up more than the price of silver will.
     
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  7. fretboard

    fretboard Defender of Old Coinage!

    So I was checking out some of the Youtubers/ predictors of PM prices! :) At 3:00 the link below, guy predicts gold at $8,000 and Silver at $200 an oz.! Hopefully that happens in my lifetime, that would be a blast! :D Amazing! :rolleyes:

     
  8. eddiespin

    eddiespin Fast Eddie

    Here's my "solar panel"... :)

    upload_2021-5-30_17-11-44.png
     
  9. fretboard

    fretboard Defender of Old Coinage!

    We don't have solar in California! j/k :D There's tons of solar in California I just don't have any yet. :cigar:
     
  10. Eric the Red

    Eric the Red Supporter! Supporter

    While everybody's magic number of ounces is different I look at PM"s as savings. An insurance policy against a declining dollar and a preservation of wealth. So invest accordingly.
    Personally I cost average buy PM"s and only what I can afford even at today's prices and premiums. This helps with my FOMO :) and plays into my long term PM"S investement plan.
     
  11. FryDaddyJr

    FryDaddyJr Junior Member

  12. medoraman

    medoraman Supporter! Supporter

    Be also aware that silver us not THAT much better than copper or other cheaper materials for solar. As technology advances, at some point, either technological or cost, they will stop using it. Why aren't there silver wires in your house? Because copper is good enough and more cost effective.
     
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  13. rte

    rte Well-Known Member

    Depending a lot on your circumstances.
    All other monthly expenses taken care of and you have some disposable income.
     
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  14. fretboard

    fretboard Defender of Old Coinage!

    Yeah, I can afford to buy some Silver but I'm just not willing to pay the premiums. That said, I have been thinking about it so I haven't ruled it out completely. :)
     
  15. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Just look to the premiums for yiur answer.
     
  16. rte

    rte Well-Known Member

    I thought with any good collection strategy (the quota was your weight) in silver,gold, platinum,etc whatever you want to spend your money on. :p
     
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  17. medoraman

    medoraman Supporter! Supporter

    I hope my weight in silver is not some sort of limit. Pt and gold I would be safe with, but not silver.
     
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  18. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Atleast Silver is affordable :)
     
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  19. rte

    rte Well-Known Member

    Hmmm, so I'm about half way to my target weight.
    Screenshot_20210601-125045_Google.jpg
     
  20. -jeffB

    -jeffB Greshams LEO Supporter

    You should eat more!
     
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  21. -jeffB

    -jeffB Greshams LEO Supporter

    My weight in silver would be more than I'd want to speculate. I guess I could cash out my GOOG/GOOGL and go wild at the coin show later this month, but I think Google has more upside. It's also easier to store.

    If there's a disaster big enough to crash Google but limited enough to retain a strong market for silver (and leave CoinTalk running), I'll be man enough to come back here and take my lumps.
     
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