Today Silver Can Reach $2000 an Ounce

This is one of the STRANGEST arguments for silver investment that I've seen.

In 2008 global silver production was 685mm Troy Ounces. In 2009, that number was 688mm Troy Ounces.

In 2009, Peru alone produced 125mm Troy Ounces of silver.

The 300mm ounces of silver above ground can't be accurate. SLV alone has 314mm ounces of silver in their control. It also fails to account for all the silver reserves, which the 12 billion ounce number accounts for. Geology has led to new discoveries of silver. Many companies still extract silver as a bi-product of mining for industrial metals (lead, tin, copper) or precious metals (gold and platinum group metals).

Silver will have a ceiling on its price since supply is nowhere near economic capacity. Operational capacity is currently based upon $27 per ounce. That is why we see somewhat of a floor there. At that price, it's cheaper for miners to buy silver on the open market than mine for it. The ceiling for silver is around $45 at the moment, since miners have enough incentive to expend additional dollars to extract additional silver.

This will NOT change in the next decade.

Silver will only see its value go up through overall inflation. You're calling for nearly 100% inflation per anum. Really... stop posting garbage and work on getting your facts in order.

 

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I try to allow the extreme predictions once in a while, to see if they are reasonable. There is nothing new in this thread. Some of the references/predictions are from 2009. So Silvercoin29, calm it down. I would mention others, but they seem to be feeding off of your comments. As you notice, there are few wanting to be converted with material they can readily find on the internet themselves. They either believe to some extent or they think you need an aluminum hat. It doesn't matter what you think nor I, as neither is doing the investment for anyone except their own concerns. There are other forums which might accept your beliefs better, or go to the PWRE site. This happens every time PM seem to make a jump. Everyone wants to be the oracle. There is none. So for the thread to continue and no infractions...Stop. Play Nice as I see it. Thanks.

Jim

 

Real estates have increased almost 200 times since year 1975.

But Silver was $50 an ounce in 1980 and today Silver is $33 an ounce.

Logically speaking today Silver should be $1000 an ounce (Inflation adjusted).

Correct me I am wrong?

 

Sorry, we must have a communication problem.