Youtubers on the Silver Rampage Predicting $130 an Ounce?

Discussion in 'Bullion Investing' started by fretboard, Jun 18, 2020.

  1. fretboard

    fretboard Defender of Old Coinage!

    Youtubers are guessing up a storm on where silver will end up in price and it's just crazy, or is it??? If silver goes up to $130 an ounce, that would likely mean that gold would hit $3,000 an ounce! Do you believe that's possible? I believe that's totally possible, within 5 years, yes, but I hope it's only 3 years!!! thumb.gif Comments anyone?

     
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  3. JCKTJK

    JCKTJK Active Member

    It might or it might not lol youtubers need views to make money, there are a ton of silver and gold stacking videos and they are all about the same, silver to the moon as soon a the US dollar crashes etc. etc., same with Gold, I think the only one's making money are the paper traders, they can sell one ounce to a thousand people as long as no one wants the physical metals, seems wrong but what do I know??
     
    thomas mozzillo likes this.
  4. goldcollector

    goldcollector Member

    No it's not "crazy", it's stupid, lunatical, not a chance in this world. The always wrong silver crowd back at it guaranteeing their perfect record remains intact.

    And if silver goes to $130, Gold would likely be $3000. ROFLMAO, LOL, LMAO. Yeah that's right we are gonna see a GSR of 15 not a chance in this world.

    Anyone who believes "that's totally possible" is a fool. They do a great disservice to new people entering the coin hobby by feeding them nonsense lies that lead to people buying $30 ASEs they will never ever ever ever even break even on. Cry all you want. I always end up being right and I say won't be $30 an ounce in said time frame let alone $130 ... And I will be right.
     
  5. Collecting Nut

    Collecting Nut Borderline Hoarder

    I highly doubt it.
     
    goldcollector likes this.
  6. goldcollector

    goldcollector Member

     
  7. CoinDoctorYT

    CoinDoctorYT Active Member

    As a coin YouTuber I completely disagree with these assessments. There is no way silver will go up that much unless a very high economical demand sustains the price for a short period of time.
     
    goldcollector likes this.
  8. fretboard

    fretboard Defender of Old Coinage!

    Yes, I've seen the offers, in fact here's one below. I don't know anyone who would buy into that idea but there's people all over the world so someone might like the idea, after all. There's a sucker born every minute! :D

    https://www.moneymetals.com/vault-gold-1-10-oz-fine-gold-bullion-stored/500
     
    JCKTJK likes this.
  9. thomas mozzillo

    thomas mozzillo Well-Known Member

    The best estimates (guesses) that I've seen from reputable PM dealers for the highest price for silver this year is in the $21-$25 range.
    YouTube videos are the last source I'd look to for advice on what to do with my money. That include PM's, stocks, and any investment vehicle.
     
    Last edited: Jun 19, 2020
    fretboard likes this.
  10. hotwheelsearl

    hotwheelsearl Well-Known Member

    My mom likes to watch chinese YouTube’s who are generally conspiracist.

    They predicted $4,000 gold by years end. We are 6 months I and I SINCERELY doubt $4k gold by next January.
     
  11. masterswimmer

    masterswimmer Well-Known Member

    This is a quote from the link you posted:

    "This is a low-cost, storage-only item and cannot be shipped. You will be prompted to set up a Vault Metals storage agreement upon completion of your order and there is a small storage fee."

    Wow! I don't know where to begin. I supposedly purchase an item that I cannot take physical possession of? Sounds legit to me :wideyed: I don't see how anything can possibly go wrong with such a wonderful offer :banghead:

    Anybody who truly subscribes to this inane deal deserves what they get. Absolutely nothing! One name jumps out at me, Bernie Madoff. Is he out of jail already? Is he concocting another scheme?

    LMAO
     
  12. hotwheelsearl

    hotwheelsearl Well-Known Member

    I never liked the prospect of buying virtual bullion. I suppose with stocks these days you don’t own a certificate, but still.

    If I buy an ounce of gold or platinum I want to feel it in my hands. I don’t want my money To be in storage, handles by some random Joe. Just my thought
     
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  13. fretboard

    fretboard Defender of Old Coinage!

    Yeah, there's a ton of these different offers popping up, Apmex has a company under OneGold and there's another company in Singapore that's doing the same thing. I can only guess that some people are buying into it as they see a benefit but it don't sound beneficial in the least to me at all. Lastly, the companies who do this allow you to sell your holdings back to them when the price of gold goes up, maybe that idea is a selling point, idk. Sounds crazy to me! :D

    https://www.apmex.com/onegold-digitalgold

     
  14. masterswimmer

    masterswimmer Well-Known Member

    It sounds like they're selling a small amount of gold (or possibly none at all). They can conceivably be selling the idea of gold. Hell, if they never have to deliver the product all they have to do is sell/buy the market swings with premiums. Not only do they make their money on the premium they're also making monthly storage commission on imaginary storage. Their vaults are empty of gold! Yet full of the 'investors' cash. ;)

    Brilliant!
     
    john65999 likes this.
  15. fretboard

    fretboard Defender of Old Coinage!

    Enough said, that Singapore company linked above did a live infomercial on their gold Tokens a few days ago and they heard tons of naysayer talk from people watching it! :D It was quite amusing! That digital gold idea is insane, you gotta link your bank account or CC to their website and trust their system! laughhard.gif
     
    thomas mozzillo likes this.
  16. Santinidollar

    Santinidollar Supporter! Supporter

    You better hope silver doesn’t hit $130. The only way that would happen is a worldwide financial Armageddon.
     
  17. Gilbert

    Gilbert Part time collector Supporter

    If you don’t have physical possession of your PMs ...

    And $130/oz AG? :rolleyes:
     
    Last edited: Jun 19, 2020
  18. fretboard

    fretboard Defender of Old Coinage!

    Silver almost got to $50 an ounce two times, once in 1980 due to the Hunt Bros. and their crazy ideas and again in 2011 when gold hit over $1900 one day! Almost $50, never above! Will it hit $130? Many collectors say no way! What I know is this, Gold would have to go up to $5700 an ounce in order for silver to hit $130 an ounce. That's one way to look at it, I don't know if it could work that way or not! Could it happen?, idk!

    https://www.usagold.com/reference/goldprices/2011.html
     
  19. thomas mozzillo

    thomas mozzillo Well-Known Member

    I'll sell whatever I have if it even gets to half the numbers you just posted. ($130 and $5,700). lol :D
     
    fretboard likes this.
  20. goldcollector

    goldcollector Member


    Ah yes GSR 44. LMAO. Yesterday Gold was gonna be $3000 with silver at $130 now Gold will be $5700 with silver at $130. This silvidiot just pulls numbers out his backside, not to mention posting nonsensical threads like this. Silver $130 not a chance in heaven any of us will ever live to see $40 silver again let alone $130. But don't worry, 5 years from now when silver is $16.25 this silvidiot will be just like Jeff "huh what you mean. I never pumped silver. Huh I never said it was going to $130. Huh never"

    And I just love the stupid silver over Gold pumping. Yesterday silver was gonna be $130 ( up 700%) while Gold would be $3000. ( Up 55%). ROFLMAO. I can only assume he started his weekend early. If silver ever did hit $130, Gold would definitely be over $25,000.
     
  21. Collecting Nut

    Collecting Nut Borderline Hoarder

    Studies show that the PM's go up to new highs three times during a normal life. Yes they always drop back down. I'm only in my sixties and it's done it twice. If I live to a normal age then I'll see the third one. And no reason to think I won't be around but there are no guarantees.
     
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