I know this is just speculation Where do you see silver prices in 20 years ? If so on what basis ... Could it be that silver will become too important for single individuals to hold ? In view of its role in solar panels....
You won't be able to measure PMs in dollars in the future. At best all currency will be on a gold standard, at worst on a percentage based gold standard. Either way, silver and gold will be valuable. I think by then the USD & AUD will just be a memory.
morning, I halfway agree with sammy "I think by then the USD & AUD will just be a memory." I think the chances of that are very good for the US dollar and reasonable for the Aussie - god knows what we will call the currency then - probably new dollars. I can't see a metals based standard ----------- history isn't going that way. Your statement "Could it be that silver will become too important for single individuals to hold ? In view of its role in solar panels...." doesn't make sense -------- if Ag is used by then in Solar panels ------ which could be rather doubtful given 20 years of technological development ------ anyway, if it is still used for industry and unless someone has worked out how to synthesise it or produce it in vast quantities -------- it will still be a storable form of wealth available to whoever. Thousands of years of history will not be washed away so easily unless massive supply comes on line. Ditto gold. In fact any discussion on 'price' of silver or gold in any future time is not relevant at all ------------------------- it is what you can purchase with that same amount of currency (that you swap your silver for) that is important. That is the big mistake people make ------------ we talk about the 'price' of gold and silver ------------------ it is useless. What is important is if an ounce of silver can transfer to something (real) today ------------ can it transfer to the same something in say 20 years - or will it only buy you part of that something or many of those somethings. If indeed it buys you the same something then it has done it's job perfectly -------- preserved your wealth. That is exactly why we have been carrying it around all these hundreds of years. If it only buys you a fraction of a something - then it hasn't worked all that well. If it buys you a load of somethings - then either your somethings have dropped markedly in price or your silver or gold has become far shorter in supply or similar ------------ none of this has got to do with price. Generally, you never make money with gold or silver ----------- they are the preservers of purchasing power. Look at what you would buy with an Aussie 1966 50 cent piece in 1966 and look what you can buy with it now. have a great saturday gazza
Says the person who cannot string together a coherent sentence - completely uncalled for. I think Silver will be between $40-$70, it all depends on if it can get over $50 - it will test that on more than 1 occasion in the next 20 years I am sure. I sway on the side that it cannot breach that number but I can't read the future, maybe there will be an event that helps it over. I do believe that it's fair price as we speak is $30-$35 but that it's probably best to stack the yellow stuff if your thinking 20 years in the future.
I hope that I can buy the same with silver as I could have bought when I bought silver. The rest? I don't really care.
the issue of projecting ones wealth in the future is the common denominator among most stackers I suppose. There are several other vechiles to do this gold, diamonds, Rental appartments, fixed deposit accounts, farmland, a good stock. Why should the price of silver in 20 years increase more than the price of Google stock, the price of diamonds, the price of a phillip patek watch, a rare wine ? I am trying to understand rather than critique stacking, a few days ago I started my minuscule stack ...
From what I read, silver could be more valuable in the future than gold (in terms of price appreciation) as it is a consumable resource when gold is not. Am I missing something ?
You guys are too conservative. Silver will be $800 according to GATA's Bill Murphy and some other guy. I'll settle for $150 within 3yrs.
