I wouldn't dare put a figure on it ,but don't agree it is the production cost.Must be plus profit margin.No one is going to dig it out for cost.Who would bother?
In today's dollars - probably around $150 - but that's assuming gold at around $2000 is a fair value - which it is not. It should be much higher than $2000/Oz given the currency supply. Whatever dollar value you arrive at for gold - divide it by 15 to get silver's fair value. I've heard figures of around $5000/Oz for gold given current currency supply => silver at around $300 - $350 per ounce...
I'll say $55/ounce firm sounds about reasonable non of this Nandy Pandy up and down from there. I'll jump in with both feet and put Gold at $1800/Ounce,in this climate i reckon thats Fair Palladium at $1200/ounce Platinum at $2000/ounce Copper at $12,000/ton There thats an all in Poker hand REDBACK
Something. Silver is worth something. My bank balance is also worth something, as it can be used to buy things. As it is inflated, it will buy ever fewer things. However, over time, it will get ever more difficult to lift my arms if I try and put all my silver bracelets on at once. As a result, I may have to sell them, as a poor old lady who is reduced to selling her precious treasures and wasn't lucky enough to have any 'money' in the bank. Awwww...
Silver is worth something as it has to be mined. it is worth something for industrial use and it is worth something for jewellery and investment - may be fairly cheap to mine but it is scarcer than gold! How to 'value 'it? In the end it is worth what people are prepared to pay for it. I would go with a realistic value of $45 - $60 US now but it could be double that by next year!
China encourages Silver Bullion for investment http://buy-silver-gold.blogspot.com...tm_campaign=Feed:+blogspot/Staqo+(BUY+SILVER)
Was that meant to be seance . . . with the ghosts of central bankers past? :lol: A$48 /oz is so far under fair value that your estimate is clearly a bad joke. In 1980 silver hit $50 dollars and there is so much more currency printed today than then it really (no, REALLY) is not funny. China has been printing new currency at over 30% pa for over a year and the US has just hit its booster rockets on currency printing in the past few months, on top of the depreciation in its currency over the past 30 or 40 years. Then, on top of that crazy money printing you have to factor in resource depletion. Here, view this chart of the inflation of the global money supply. And while you are looking, remember in 1980 Silver hit US$50 (A$56.96). Source: http://dollardaze.org/blog/?page_id=00023 We haven't hit inflation adjusted highs and there are Trillions and Trillions in additional fiat currency that has been printed since 1980.
