What are Realistic Silver and Gold Prices?

Discussion in 'Bullion Investing' started by Matthew Kruse, Jun 2, 2021.

  1. Matthew Kruse

    Matthew Kruse Young Numismatist

    I see all these videos and articles about silver being 150+ and gold being 3,000+ in the near future, but their reasoning is absurd. I honestly think that even silver going to $50 an oz is a stretch.

    I feel that silver and gold are solid investments, especially because the inflation rate in the US soared to 4.2% last month. (Probably because of all these dumb stimulus checks.)

    But what do you actually think is a realistic silver and gold price and when do you think it will occur?
     
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  3. potty dollar 1878

    potty dollar 1878 Well-Known Member

    Don't know but I think there's going to be a great collapse soon after the high storm.
     
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  4. derkerlegand

    derkerlegand Well-Known Member

    If only we knew...

     
    Eric the Red and midas1 like this.
  5. rte

    rte Well-Known Member

    I've paid $50 an ounce for a few bars over the last couple years.
    Just depends on what they are and what you like.
    CMG mint has a few low mintage options.
    eeb342_f99725269b414d688cf17eebe14f77a0~mv2.png

    I'm currently watching a bar on auction that will probably go to $60 an ounce plus shipping.
     
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  6. The Eidolon

    The Eidolon Well-Known Member

    I would look at a silver price chart adjusted for inflation to get a rough estimate.
    In the short time, prices can bob up and down sharply because they are adjusting on the fly to new information about inflation, monetary policy, world events, etc. But prices tend to overreact and then correct in the other direction. The answer you get as to whether silver (or gold) are undervalued will depend on what year you use as a baseline.

    It looks like silver might be about average now compared to its historical valuations. I would guess in the short term it may well zigzag upward, but in the long term it will probably revert to close to its historical inflation-adjusted average. So I'm not bullish in the longer term. Appreciating assets (stocks, bonds, real estate) which average higher-than-inflation gains are in the long run a much safer bet than commodities, if you diversify and buy at intervals (well, maybe not for real estate) to take advantage of dollar-cost averaging.
     
  7. Collecting Nut

    Collecting Nut Borderline Hoarder

    If I only had a crystal ball.
     
  8. fretboard

    fretboard Defender of Old Coinage!

    Okay, here's my guesses! In two to three years the Gold price will be $2100 to $2300! As far as Silver goes, if it ever goes above $50, I doubt it will but if it does it may go to $60, but not higher! :D
     
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  9. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I am afraid you will be disappointed. Unless you are holding gold and silver for their beauty and enjoyment, you will be disappointed. Gold and silver are wonderful areas to store some cash for the long haul. But don’t expect any great gains on that cash. I been storing wealth in PM’s since the 1990’s. I used to make myself nuts watching the charts. No more. I just enjoy having the stuff. All in, by the luck of the draw, I came out well…. But I do believe these prices we are currently seeing are exaggerated.
     
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  10. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    That’s the Million dollar question, i think
    we will need to wait a few months to get
    an accurate assessment at least until we
    get back to more of normal covid status
     
    Matthew Kruse likes this.
  11. CoinJockey73

    CoinJockey73 Well-Known Member Dealer

    Anybody wonder why this guy is my numismatic hero? Lol. Same.
     
  12. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    LOL
     
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  13. slackaction1

    slackaction1 Supporter! Supporter

    So reading the above its still a Sellers Market, for a while until the SIlver bubbles burst or the big Reset occurs. I am anxious to see how much a drop and if it goes below 20.00.
     
  14. FryDaddyJr

    FryDaddyJr Junior Member

    there will be better buying opportunities, I believe you'd be buying high right now
     
  15. slackaction1

    slackaction1 Supporter! Supporter

    Correct FD... but I still bought 10 slq shipped for fifty dollar. just to fill up my tube of them..
     
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  16. fullhart

    fullhart Junior Member

    I just wonder what the next bubble burst will be (like the housing bubble)? PM, stock market, or housing again.
     
  17. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Bubbles go boom and burst, it all depends
    how long you want to hold a particular
    item BTC, Stocks, PM,S it only matters
    when you go to cash out.
     
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  18. -jeffB

    -jeffB Greshams LEO Supporter

    Well, the first big regional coin show here since COVID is coming up in two weeks, and I always like to sell at shows, so... expect a quick drop this month to $1600 or so for gold, $18 or so for silver. Don't worry, though, they'll bounce right back up after the show. :rolleyes:
     
  19. Douglas Ross

    Douglas Ross Member

    The historic ratio of silver to gold is out of whack and by rights it should go to about $40 if this plays a factor. The question is these new investments like Crypto and Gamestop tend to take money away from the traditional conservative investments like gold and silver. Manufacturing demand ( green economy) and inflationary pressures will likely keep the arrow up :)
     
  20. Mr.Q

    Mr.Q Well-Known Member

    Follow the bouncing ball, what goes up must come down. I have a crystal ball, it just sits there and shines but tells me nothing, the dumb thing. Great post, thank you.
     
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  21. FryDaddyJr

    FryDaddyJr Junior Member


    I'll go crazy buying cheap stocks, not decade hi PM's when it does
     
    Douglas Ross likes this.
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