Youtubers on the Silver Rampage Predicting $130 an Ounce?

All of these calculations assume that gold and silver will trade in tandem. Which they don’t necessarily do.

 

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Absolutely, I'll do the same!

 

It still wouldn't. Financial Armageddon gun, food, medicine, water are what would be in demand not a metal you can't do anything with. Tobacco and booze would have more value than metals if the world fell apart.

We just saw the world basically shut down and it basically did nothing. The ones who think it's possible are just buying into the marketing of their bullion sellers

 

I predict silver will average $17 and gold $1500 for next 5 yrs...they're at their highs right now.

 

wow, i have a piece of a bridge i can sell you, but i will keep the bridge...

 

I don't have enough in it to be too worried if the markets take off. The sellers always like the nothing for something plan. We give you nothing, but a worthless certificate, for your 'investment' and admin fees. Then there are those that I see regular postings on, IN (the business site), an accidental 'millionaire' that is hawking their valuable stash, with a story of their riches.

 

Yes keep it where the sun don't shine!

 

For those of you who BELIEVE utube for just about anything as far as prognostications go, I have some land I can make you a great deal on.
(slightly under water)
Semper Fi

 

The youtube links that I post are to promote discussion only. I hope nobody believes everything they read or see on youtube but I really doubt that they do.

 

Ted Butler's article about the precious metals leasing scheme may explain the ongoing low silver price:
https://silverseek.com/article/return-precious-metals-leasing

 

BUY LAND ON MARS! I don't know how many members get offers from Groupon.
For several weeks, one of the sellers on that site was offering to sell land on Mars.
I didn't click on the link so I can't give details. I'm going to search my old emails and if I find it, I'll post it on Coin Talk.

 

They started in the 1950s, selling land on the moon in the back of comic books and it is still going, but its like buying a share in the Brooklyn Bridge.
https://www.rmg.co.uk/discover/explore/the-moon/who-owns-the-moon
Jim

 

Silver is an industrial commodity, so if you think global GDP re-accelerates to 3%, then silver is in deficit and can move up to $30/oz.

If silver did go to $100/oz. (forget $130)....then gold would probably be close to $10,000/oz.

 

Found it! They're also selling on Planet Uranus.

 

Yeah the low price of silver could be because of whatever Ted Butler's latest excuse is. Or it could be because they produce a billion + ounces every year nearly all as by product, or because it costs virtually nothing to mine, or because the market is perpetually flooded, or because there are billions and billions of ounces in extremely weak hands, or because it's so common it can still be found in circulation, or because oil is rock bottom cheap, or because there are trillions of ounces ready to be mined if the price ever actually went up much, etc etc. But I'm sure you guys will all like Ted Butler's latest excuse better than well ummm facts.

 

Ok these numbers are at least in the realm of reason. Not like his nutjob numbers yielding a GSR of 15. Too many silvidiots who refuse to post anything that is anywhere close to possible. But silver $100 it's never happening. The price is currently being propped up by poor people all around the world hoarding a few ounces hoping their silver Powerball ticket hits. That's tens of billions of ounces that would come pouring out the woodwork long before $100, not to even mention the added production that would occur. Haven't we seen this program before. Gold, I'm pretty sure is going to set an all time high in 2020 while silver can't even get back to $20.

 

Um, I doubt it personally but no need to laugh at an idea. Who called palladium to $2500 or rhodium to $6000?

Lots of scenarios where silver could be $130 and gold $3000. Almost all of them are BAD for the US economy, but one or two ok.

Like I said, I am not predicting it, but it's possible and I will not laugh at a person over it.

 

The answer is nobody knows and no one knew it if/when it happens. But it would take some serious crash for this to be reached. I wouldnt waste time listening to these guys who doesnt know much more than you.

 

Why do you feel the need to do this?

 

Wtf? Care to explain your comment here?