All the World's silver to be used up within the next 8 years ... Near term rise to $150 predicted ...guaranteed even !! .. ... If only that were true - Read on here - http://www.wealthdaily.com/aqx_p/42702?gclid=CNH6s-CUubUCFUvHtAodzgEAMA Wealth Daily article, Feb 15th, title "2013: The Year Silver Breaks Out" With that sort of rise and the recent fall in spot get stacking stackers !!
Spoke with an educated man yesterday who reckons within 6 years, silver to $1500 gold to 5k. Don't see it myself but of course would love it to haha.
I predict a global financial "reset" long before the powers that be ever allow that to happen as it would be be too socially disruptive. The true value of gold and silver must not be allowed to be realised otherwise a cashless/electronic system or another phony "fiat" model would not be accepted by the masses.
Well both of them would be nice to see... but in the mean time stoping this sideways cr*p and seeing seeing it hold above $35 would be good.. then to break $50.. hopefully this is the last shake out before that happens .. but really what is the point of these people making outlandish predictions ?? Have any of them ever being right?? I predict silver to $10,000 in 5 years. Because that would be nice
If (big if) it did go to $150, it would go largely unnoticed by the masses. Most people I've spoken to have no idea what silver is used for, or what the silver price is. So whether it's $10 an oz or $150 wouldn't have any impact on their daily life. Silver investors get too wrapped up in seeking out silver news, and silver prices. So they tend to think 'all hell would break loose' if silver is above $XX dollars. When in reality it would only affect a very small minority of people.
The price of gold and silver can be seen as a reflection of loss of confidence in the fiat system. I can see it now on the nightly news ... and now for finance ... gold is up and trading at $5,000 .... now for the weather !!! :/
10 yrs ago it was $5-6 today it is 30 ... ... in 10 yrs why can't it be $150? <yeah, 10 years is my near term> P.S. remember, no paper survived in humankind history
Funny, mints and dealers are reporting decreased silver sales. ASE spike in sales was explained to me by an industry insider (someone that would know) as demand from numismatic companies buying up big time in an effort to get coins eligible for "early release" MS70 grading, along with the fact there was a 3 week period of no sales over Dec/Jan where no 2012 coins could ship as that year was closed. Will be interesting to see how Feb sales figures stack up to back this hypothesis.
Silver crossed $30 in late 2010, here we are 26 months later not even at that level, hmmm.... $150 ?!?! umm nahhhhh.....
Sorry, that was not directed to you personally. The point I'm trying to make is that anyone can make wild guesses, but no one knows what is going to happen. But regardless, I do firmly believe that $15 is more likely than $150. Sinply because it is only a $15 difference compared to a $120 difference. But at the same time I think $45 is more likely than $15.
Bit like the price of steel. The average Joe wouldn't have a clue what it's worth new or as scrap. http://agmetalminer.com/2013/02/15/china-steel-market-prices-flat-but-lme-billet-back-up/ http://agmmcdn.s3.amazonaws.com/agm...-The-Monthly-MMI-Report-for-February-2013.png
I doubt it will ever be possible for anybody in the world to get a large amount of physical silver at $15/oz, without mining it themselves. Even then it'd be tough. That said, I think the chances for $150 silver are much higher than the chances of $15 silver. Does that mean I'm saying we will see $150? Well, eventually, yes. It could take 30 years...but it'll happen. $15 however, I seriously doubt.
We had $15 silver almost exactly three years ago and $10 silver about 4 years ago. What has changed in three years that makes you think it is impossible?
makes sense? http://www.silverseek.com/article/silver-deceptions-large-surpluses-low-production-cost-8351
