Why The Price Of Silver Is Headed To $50 By 2013

http://etfdailynews.com/2012/10/15/why-the-price-of-silver-is-headed-to-50-by-2013/

 

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Uhhhhhh.........it's been going in the "other" direction for the past week or so!

Reading the story, it sure sounds like some investor hired a writer to cover his butt from his current losses.

"When Silver breaks free............" Ha!

Silver and Gold are nothing more than commodity investments as there is literally tons of silver being pulled from the ground on a daily basis. In order to create a market for this stuff, folks need to throw around words like "$50 by 2013" and "I think many people are going to be shocked by how fast and far it goes."
Those are nothing more than hype words intended to get folks to buy buy buy and buy today!

Personally, I think the price of silver needs to be watched very carefully since huge losses always follow huge gains. At least, thats what the trend has been since the big bubble up in early 2011.

 

Apparently people are smart enough to not be falling for the hype, because sales of silver eagles took a sharp dive the past several months. Guess these brokers are trying to move some stagnant inventory.
Guy

 

I think when you hear the same type press releases and articles by different writers, I think you begin to lose credibility at that point and that's where folks don't take what they write at face value. Just look at coinflation's site, at any given day there are 2-3 news articles on silver/gold investing. Who do you believe, or is it just nonsense word diarrhea at this point?

 

IMO, predicting silver is the same as predicting
women. How's anyone's record on that one?

But at least it's specific gravity doesn't resemble tungsten.

 

Yeah, but silver is much, much worst. Silver's SG can be replicated with all sorts of cheap pot metal. I have some bad fakes in pot metal that the weights are within an acceptable range.

I would say the ability for people to fake silver bullion is much higher than gold. Tungsten is fairly expensive and not that easy to locate. Cheap pot metal blended to the SG of silver can be done in anyone's backyard.

 

Can they still come in at the correct diameter and thickness?

 

Yep, matching the SG means it will have all correct dimensions. Heck, on a simplistic level just add some lead to common "white metal" to get to the correct SG. Counterfeiters in the ancient world were doing this 2500 years ago. Silver coins were ALWAYS more suspect than gold since it was so much easier to replicate the correct SG to fool someone. In ancient times a core of lead and copper or tin were mixed until it was about the correct weight, (didn't have the fancy scales we do know), and plated with silver.

Btw, there was a thread here 6? months ago showing new fake maple leafs. They were almost perfect, but if you drilled into the coin you would find the pot metal core. They are plated with a fairly thick plating of silver, but still only have about 1/10 an ounce of real silver, the rest junk metal.

 

Thanks. I never knew that about silver. How many words a
can you type?

 

Not agruing the fact, Chris, just curious, but 2500 years ago wasnt say a pound of copper or lead worth a lot more than a pound of silver? Bronze at that time was valued over gold in many instances. Of course, I may be 1000 years off on my metals pricing here too.
Guy

 

I have never read of any time in ancient history where gold>silver>copper was not followed. If it was, it was a really weird, isolated, very short time. Since all three are easily minable, their value always followed supply, and gold being the rarest was valued the highest.

I actually have some fourree cores, where the plating has flaked off. They were basically bronze/lead for silver, lead for gold. The lead was not as heavy as gold, so it was harder for counterfeiters to be successful with those, (Pt and similar metals being unknown to the ancients, so gold was by far the heaviest metal).

 

To add to that they use typically a lead alloy and there are reports of bars being made of Molybdenum which has density pretty close to Silver.

On bright side no one can fake platinum

 

Medoraman if they cast a coin in pot metal that's the
correct weight and SP, shouldn't there still be an incorrect
diameter from shrinkage?

 

I'll bet a good chemist/physicist could come pretty close if not spot on. Was that a pun of some sort?

 

Depends on how they make it. I believe you are talking about if you cast a copy, then the reproduction is a little bit smaller than the original. No one ever claimed they are casting, the fake maple leafs looked like they were struck from dies, so therefor the flan can be an exact match for a silver flan.

Casting a flan then striking from dies is a completely different procedure than making a cast copy of a coin. Making a cst copy will necessitate the copy will be a little smaller, casting a flan to be struck can be the perfect dimensions after casting. You account for the metal shrinkage by making the flast cast mold slightly larger than the completed coin.

 

More please,Silver Bullion...I buy it for a 15-20 year investment I am 36.Watch the market day to day to get it at a low price that I can.As far as the end of the year no to much bad new in the world to get silver up to $50 by 2013. Maybe by the end of 2013.

"I am smart cookie half eaten but not fully dunked yet"Tod

 

For all we know they might have rolling mills in China
that can turn out perfect planchets with correct SG in
pot metal. :angry:

 

Of course they do, gifts and purchases from the US treasury's mint department some time ago.

 

Nice purchases. Maybe not wise sales.

 

Eh, its not like its any state secret. I am sure they make a lot better equipment in Germany than anything we ever sold/gave to them. And you know what? Most of it would be used for legitimate purposes. However, that same equipment can produce flans very easily. Heck, I worked at an automotive manufacturer 15 years ago that produced higher quality stampings than are needed for these things, with the ability to coat one metal with another as well.

Face it, this is not exactly rocket science. The main obstacle for would be forgers has always been the dies, not the flans or striking them. Its making perfect dies. This is where the chinese forgers are not perfect yet, but we can see they are improving both in dies and their fake slabs. That last one someone posted a month ago was beginning to get scary.

Buy from reputable sources, learn to examine coins yourself for suspect looking pieces, and you are still fine today.