At that time, 100oz of Silver might be able to buy your house? I will swap it. I think I won't look at the amount that an oz of silver could swap, instead look at the value of silver how many stuff that an oz of silver/gold could buy.
I'm just giving an example. Who knows what happen in future, maybe all the currency going to default and a new currency formed and with the real estate market becoming extremely under value. All I'm trying to say is that - not to measure real money (gold and silver) with currency but with another hard assets like real estate, stock, food etc. So then you can measure when a class of assets is under value or very value. Sorry read too many books about gold and silver, so my point of view of investment also changed, PM me if you want to know details and books which I think is good.
Can you provide 20 good reasons for keeping it real? What if silver went to $0.05 per oz? I would back up at least 5 trucks; what would you do? I'm planning my strategy for when silver gets to $0.05 an oz. What about you Barbarian? What will you do at $0.05 per oz? Interested to hear your strategy
At $4 per ounce the negative skew of the dollar cost average if you bought at this level (even with the larger premiums) is just too tempting. I'd keep buying.
Pray tell: articulate one good reason why silver will go to $4? That's the better question. And then tell me why the author chose $4 and not some other random number? What would I do? First it needs to get there. But if you believe it will, or you are simply toying with the idea, tell us why? At the risk of repeating myself, that is the better question.
What were the 1oz bullion coins selling for when spot was stable and under $10 for all those years? Is anyone here that old?
" And then tell me why the author chose $4 and not some other random number? " I was thinking the same thing I'm sure it was plucked out of the blue however, it is interesting to see so many on this thread actually believe it will go to that figure I unable see that happening but I can see it dropping to $18.00 in the blink of an eye but also rocketing back up with this next blink when things go pear shaped in a few years time. I must say though, watching the spot price these last few days have been a little more interesting. I'm either making myself believe something is going to happen or it's just the same auld same auld again :/
If the paper ponzi price went to $10 an ounce you would not be able to BUY any physical, anywhere on the planet, for anything remotely close to that But $4 an ounce? I hope the Banksters try it on
If silver went to $4 the amount of people that would buy would be staggering. No way that price would last.
JPM going to zero isn't the same as BHP going to zero. One has $70 trillion in derivatives conveniently residing off-balance sheet (positions which are NOT marked to market), the other has no net debt. You can work out which. One has derivatives position which are not backed by any collateral, the other has REAL ASSETS which contribute to REAL PRODUCTION. You can work out which. Banks and central banks are working in unison to depress metals prices, at the same time as central banks have been net buyers of gold. That, my dear friend, after LIEBOR, will be the next penny to drop. When it does (and forgetting all the other cogent reasons for which silver is heading much higher), where do you think the price of silver is heading? Is it still heading to $4?
and i take back the hissy fit, errol explained his logic above so there was a logical explanation, even a train could see that. Sorry, what logical explanation? Are we living in some parallel universe "History repeating" is not a logical explanation. You will have to do better than that .
