Then you win @Aurora et luna ...now now, you should all know by now I don't mind a bet but I rarely gamble. He made a call (in effect setting the odds), I asked him to back it and he did..the kid's got moxy
whats to consider? Silver makes it over US$90 per oz in next 18 months you win 25oz silver, if it doesn't I win 25 oz of silver. Only thing to consider is if you are taking me up on it or not....come on @Ronnington ...let me feel the fibre of your fabric!
Are you trying to be cute to wriggle out of it? In relation to our wager it means nothing. We are talking spot price, I am and you certainly were with your original comment about the over US$90 in 18months. I've taken you to task over this as I sensed you were bs....now we are all seeing the bs. May I suggest if you have no conviction in your calls don't voice them publicly.
Nice try, but point out in bold where I specifically said 'spot price' - because you won't find that I did... You've done nothing of the sort and I sensed your shadyness from the get-go, which is why I said "I won't consider a bet in fiat currency. But I would perhaps consider something like the winner gets a tube of 25 1oz Perth Mint Kangaroos".... - and from that you've got all high and mighty saying "I asked him to back it and he did" - how did you come to think that? I also said "pm me and we can discuss this further for consideration" I really find it highly amusing how you try and put words in people's posts. It won't work with me though.
Actually.... no. I was simply answering a question posed to me about why I got out of silver. The problem with your response is it makes it all about you, and about you being the poor, innocent, stacker victim..... lumped together by an evil pariah. If you don't like what I had to say, that doesn't automatically make it all about you and your fellow dimwits. And I certainly don't need an investment lesson..... I have a few years on your 20.
Yeah righto. I didn't realise your quality investment calculations were done on the back of a napkin... in crayon.
in your opinion, do you think the stock markets will outperform Gold and Silver over the next couple of years?
What excites me is the ever increasing interest in investment grade Bullion. If you analyse the Silver Survey's from the Silver Institute, you will see that coin and bar demand has increased exponentially: https://www.silverinstitute.org/all-world-silver-surveys/ In 2015, one third of all mine supply went to coin and bar demand, with a whopping 292.3 Moz's! In 2006, it was only 50.7 Moz's (7.88%). The preceding years were averaging 30 Moz's! Also note that net government sales have dropped off and are now not even listed in their new surveys. It's fair to say that government stockpiles have depleted and their ability to feed the market with physical in times of deficit is a thing of the past. I'm very keen to see the coin and bar demand for 2020 in their 2021 report. If we maintain continued demand for investment grade Bullion for a few years to come (over 33% of mine supply), I believe we could see silver reach triple digits in USD with ease. I think silver is well and truly primed to be a great performer.
I honestly have no idea. Hard to tell if quantitative easing boosts the stock market or gold price more lately? But it has little bearing on me - I guarantee that no matter which one does better, my trading account will outperform both. If I had to take a punt, I'd probably go with Gold over the broader stock market in the next couple of years. Silver would be third place.
I've been bullish on gold for a while - I have never sold any of my stack. For the last 12 months the majority of my share plays have been gold mines. Gold mines are only just waking up - this is where the money will be at.
