For those who've been stacking for a few years and have been engaged in the general stacking community on various forums, YouTube, etc, etc......remember the time when just a few short years ago the silver permabulls were exclaiming that silver was "going to the moon tomorrow" (some silver permabulls calling for '$5,000 / oz silver tomorrow')? Remember the time when the silver permabulls exclaimed that the price of silver could never get below USD $34/ oz ever again ? They claimed, in part, it's because silver miners could not operate below $34/ oz. Remember the time when after the silver spot price dropped below $26/ oz the permabulls claimed that if the spot price went down much further, the premiums would be raised so high that silver would be as costly to buy as if the spot price was higher ? Remember the time when silver permabulls would throw fits and delve into raging rants whenever sensible stackers questioned their very bizarre claims and skewed "wisdom" ? Remember the time when silver permabulls claimed that fiat currencies would be dead within a few months time from then ? The silver permabulls have been woefully wrong on every point they've ever clamored about. Silver spot, since those crazy permabull days. has dropped mercilessly, the premiums on many silver products have dropped, miners are producing silver at considerably less than $34/ oz, and fiat currencies are very much alive. I guess the silver permabulls got it wrong. .
buying a mine ? silver mine mine your own silver. it has much more fun to keep the cost up and down. the Chinese are doing exactly that.
Therefore, if this is not just permabull hyperbole, maybe you'd be willing to actually back such a claim with positive action and buy 100 ounces of silver blobs from me today for $99/ oz (free shipping in C.U.S.A.). You'd be making the easiest $100 you'd ever made.... if there were any truth to such a wildly implausible prediction. .
Well yeah, only a few hundred in Dec 2015...it'll be a few thousand per ounce a month later in January 2016. .
No1 wants to buy 100 oz for $9,900 and sell it for a mere $10,000. You can't be srs. LOL Buying your silver @ $99/oz....heh....now THAT is a wildly implausible prediction. :lol: :lol: :lol:
$99/oz? (OVER 6x spot) Seems legit.... since silver will easily reach $10,000/oz by 2030. How many oz can I buy at such great pricing?
I believe JP was being facetious from the get go. Anyone making such specific predictions is clearly taking out of some place other than their mouth, but some of the underlying truths are basically right even though I reject how the pumpers interpret them. I wouldn't want to jump into US or Australian equities or currency in any big way (or outside a few small exceptions even a small way) right now...or Japan or Europe or a whole bunch of places, it's not 2012 any more, the markets are looking real sick. Doesn't mean silver to the moon but I'd rather have silver than a US index fund if I were buying today.
I'm assuming the figures you are claiming are not inflation adjusted? And if so, since you are pulling fictitious numbers that have no bearing on reality out of thin air, why not just claim silver will be USD $64,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 / oz by 2020 or 2031 or whatever year fancies you??? :lol: :lol: :lol: Keep in mind, of course, that if silver ever did actually hit USD $64,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 / oz, it's very likely that a single pack of 20 Marlboro cigarettes in New York State would also cost about USD $64,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 http://www.theawl.com/2014/08/how-much-a-pack-of-cigarettes-costs-state-by-state Then as now, you could trade an ounce of silver for about 24 cigarettes in New York state. .
If 1 oz is supposed to be equivalent in value to a pack of smokes, then silver is still marked up with a 100% over-valuation.
It just shows how some peoples sell high needs other people buying high, and hence the big number of false claims. There were quite some people in the runup to 2011's peak $50, spamming $higher topics on forums every day. They nearly simultaneously vanished in or shortly after the $50 > $32. I could find info about a few of them, on the web. Apparently, they moved to another 'business' afterwards. They offloaded to suckers, then quit. Others of them, "transformed" from bull to bear talk. To 'ride" another suckers rally, the very reason behind double tops on day, month and sometimes even year term. Another "offload" and also gone. Probably a same but inverted story at what will turn out to have been the multiyear / decade bottom price. Remember around 2000, where gold and silver sold at an annual average of $270 and $4.3. Golds decades-low is just 15 years ago, with silvers $3.7 decades-low in 1992. Those decades had big technological advances. Computers > automation > affordable for the mass. Plenty return on plenty things, quite some booms. Precious metals saw little usage as storing value, more 'get rid of them' and governments happily held their prices down by selling heaps to help bring those decades-lows. Remember the big "reserve" sales by governments of the core european countries? Just the opposite of their big purchases of recent years, while the milked population part now did (try to) use it to store value. Future won't be different. Why would it? Even when the general price level again doubles over the next 2 decades, if gold/silver increases less than double, it didn't store its original value. Just like a bank account doesn't, at least not for the milked population part. Government privileged / sponsored / benefitted clubs get / set directly/indirectly their own rates. The more positivism surrounds something, the worser it is to buy that something. And vice versa. Is negativism todays case? Do we see alot permabears? Is the permabear level a sufficient accurate measurement way? Offload and quit, maybe forums activity serves. Some statistics chart out there, showing posts per month/year for the last 15 years ("0" due to forums non existence is also a plot )
Remember the time when after the silver spot price dropped below $26/ oz the permabulls claimed there was price detachment?
