What do you think the chances sre that silver will sell for over $35 /oz. in the next ten years? Or what do you think the highest price silver will sell for in the next ten years? That is my maximum time left to sell. Would just like some opinions, thanks.
Looking at a 100 year chart is kind of gloomy...
Peaks have come at about 5 year intervals for a while, then a long down stretch between 1983-2005 (~20 years!?), then it looks like the ~5 year pattern might be starting again? 07-011, next little bump in 2016? ;-) Or... another long downslide like after 1983!??? ;-( But that $107 inflation adjusted bump in 1980 gives us hope? 30 years between all time highs... Look out 2041!!!
What chart would you suggest? He asked about 10 years. You need a long view to speculate. Sure "the collapse" will render it all meaningless when/if it happens.
That was just the first chart I found that went back more than 10 years.
I was only interested in ups & downs over time to try making a w.a. guess.
"apologies if I seemed short" hey, it's just the internet. Sooo, when does silver hit $35? ;-)
(Better check KWN!)
dave606 wrote: What do you think the chances sre that silver will sell for over $35 /oz. in the next ten years? Or what do you think the highest price silver will sell for in the next ten years? That is my maximum time left to sell. Would just like some opinions, thanks.
Quite an interesting, albeit commonly held, yet erroneous perspective you have there David.
However you have left out the overall key issue in the matter, that being:
What is/are your ultimate objective/s?
Given the history, track record and life spans of all previous fiat currencies, it is pretty safe to deduce that silver will indeed be valued much higher within the next ten years, but so what? As that is totally meaningless when one is using the false metric/measure of counterfeited fiat, ponzied, confetti currency, and it is woefully naive to consider otherwise.
To this very day, and every day going back 223 years, the "$" (ie Dollar) has been defined in Statutory Law as the equivalent of .77344 troy oz of Silver, thus an ounce of Silver is actually:
Ergo, it is somewhat beyond asinine to refer to Silver in connection with "$35/oz.", when it is wholly obvious to any rational, reasonable person of average intelligence that the ponzied, FRN counterfeited paper IOUs for $, are not even remotely being honored/redeemed at their stated "Face Value",
BTW: Since neither the Phederal Reserve; their puppet POTUS; the IRS, nor even the damned U.S. Supreme Court trumps Statutory Law, the ignorant Sheople just may want to finally wake the hell up, and seriously consider exactly which numerical figures they might otherwise presume to actually write down beyond the "$" appearing on their tax forms, which they naively further compound by signing same under "Penalty of Perjury"
And still the Sheople cannot figure out how the Banksters are winning and taking over.
It's like taking candy from non compos mentis babies.
Cheers, S. Rex
When all you can do is repeatedly talk in circles out of your lowest orifice while presuming to pontificate on a subject matter which you are demonstrably unable to comprehend since you cannot grasp that the "Price" AND "Value" are explicitly expressed in Statutory Law, and to this very day, remain the Official "Price/Value".
But by all means, do continue to use the false, fiat Metric / Measure of ponzied, counterfeited FRN "Market" Value when referring to Gold, Silver, or "Dollars" of same, Einstein!
What an A**hat!
Cheers, S. Rex
Silver has been a terrible investment for a very long time because the supply/demand equation is very poor for higher prices.
Most of the silver production (75%) is mined as the result of a by-product, so that silver is going onto market regardless of price, that's never a good sign for higher prices.
Also, as soon as silver trades higher, the primary silver miners start mining more silver and it floods the market, the fundamentals for this metal are not that good, the long term price action proves that very point.
If it's true ---as Steve St Angelo says, that "Silver is running on Fumes!" not to mention JPM seemingly hoarding Silver....gotta think we'll see $44 Silver....maybe by this winter....
4 oz wrote: Yes! If it's true ---as Steve St Angelo says, that "Silver is running on Fumes!" not to mention JPM seemingly hoarding Silver....gotta think we'll see $44 Silver....maybe by this winter....
"Silver is running on Fumes"
LOL, as it trades down to $16 oz today. Don't buy the hype, the odds of silver going up 200% in the next 6 months are slim to none.