Youtubers on the Silver Rampage Predicting $130 an Ounce?

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

  1. Zonker

    Zonker Active Member

    You should buy all you can now! After all - the world is coming to an end. As for YouTube itself - it's owned by Google - can't trust anything - always have to verify to see what is the truth and what is garbage.

    In short - no way will silver reach $130 anytime soon. The financial system would have to crash and then some. Maybe the lunatic looters would have to take over and devour themselves.
     
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  3. baseball21

    baseball21 Well-Known Member

    There's really not especially for silver unless the scenario is wait 500 years or so
     
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  4. goldcollector

    goldcollector Member

    Palladium and Rhodium are rare as hell. Silver is abundant beyond belief. There are many factors that make $130 silver impossible. Yes I will say impossible.
     
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  5. goldcollector

    goldcollector Member

    The silver crowd. It's a furious race to the bottom
     
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  6. masterswimmer

    masterswimmer Well-Known Member

    It's no race to the bottom. You occupy the entire bottom. That's where thieves, scammers and losers go.
     
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  7. slackaction1

    slackaction1 Well-Known Member

    I keep ignoring his comments and its not working. So the come to JESUS meeting is nothing, we use it on the RR when we had a character of this nature we would have a come to Jesus meeting in a establishment next to a church which was a Saloon visited daily hourly, weekly by the employees. It was an attitude adjustment sometimes it didn't work and it would end up with discipline carried over from their job and running their mouth in the Depot. This come to JESUS meeting of behavior was started long before I hired out and continued until destruction of Saloon. I am talking earlier 70's.. an before but allot times it wouldn't work talking and then it was on knock down drag out... The stories still live on Today... Happy Sunday all the way to the 4th... fireworks and grandkids bbq.
     
  8. slackaction1

    slackaction1 Well-Known Member

  9. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Well-Known Member

    I wouldn't even expect 2011-2012 prices again any time soon. Next year it might go low 20's, and from there who knows.

    $130 would also have to be a spike and only that, meaning within 24-48 hours it will have dropped significantly from it, like what happened in 2011. And I doubt coin dealers were even accepting silver at $48-50.

    There's better youtubers out there that do bullion videos, but people like this do it for views.

    If the GSR plans to go down a bit we'd be looking at 25-30 at best and gold stays under 2000.
     
    Last edited: Jul 1, 2020 at 2:15 AM
  10. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I can't see silver going up 6-fold and gold not doubling.

    If silver were at $130/oz, I would bet that gold is closer to $5,000 an ounce. If gold is at $3,000...then I'll bet silver is approaching the old highs near $50.
     
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  11. slackaction1

    slackaction1 Well-Known Member

    Does these forecasts have anything to do with the supposed second wave of Covid 19 or just the way economy is wavering at this time why you think this.
     
  12. medoraman

    medoraman Supporter! Supporter

    But think that through. You mention silver's old high, but said at that price gold "should" be $3000. Was gold $3000 when silver $50 last time? They are two different markets, but silver more volatile. The last time we had a spike gold went to $1900 but silver $50, but silver retreated all the way to $15, (30% of old high), while gold only went down to $1100 roughly (60% of old high). Silver goes up and down more than gold usually.
     
  13. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Economic, political, and social problems, IMO.
     
  14. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Sure, but the starting points for a big run in both are different. When silver was $20 years ago, gold was probably $1,200. I don't think it's going there right now if silver stays about $20.

    This is all semantics but gold has done better than silver in recent years. We'll see what happens from 2020-25.
     
  15. Kentucky

    Kentucky Supporter! Supporter

    I bought a bust dollar sometime in the near past and was mentioning it to a coin collector/dealer friend when he asked me if I had checked it out in the Red Book. The latest copy I have is 2011, so I looked it up as he was looking it up in his 2020 edition...........................................wow, exactly same price.
     
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  16. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Well-Known Member

    I remember when $1800 gold was an impressive high for that metal. To this day it has never touched 2k, people think it should have when silver spiked. Clearly different things are driving the two PM's.

    Palladium was interesting to watch earlier this year.
     
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  17. fretboard

    fretboard Defender of Old Coinage!

    What's interesting is that the price of silver seems to stay the same but the price of gold is kicking butt repeatedly. :D Fifty cents more is nada! You would think more silver stackers would see this but they don't! Some keep paying the high premiums and they don't know why! It's called FOMO=fear of missing out! I don't want to beat anyone down for stacking silver but it truly doesn't make much sense at all!! tmoney.gif
     
  18. baseball21

    baseball21 Well-Known Member

    I can't see any circumstance where silver goes up 6x period unless we're talking about just waiting hundred of years. It's not money, it has significant buy sell spreads etc
     
  19. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Well-Known Member

    Crazy in a period of 4 years, Palladium goes from $490 (Jan 2016) to $2,877 on 02/27/2020. But like Bitcoin, who the heck knew it'd be worth so much.
     
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  20. thomas mozzillo

    thomas mozzillo Well-Known Member

    Today it's at $1,985.20
    upload_2020-7-2_1-8-9.png
    Ah! If we only had a Crystal Ball. :D
     
    xCoin-Hoarder'92x likes this.
  21. masterswimmer

    masterswimmer Well-Known Member

    We do. It's called hindsight ;)
     
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