Article by Bix Weir - "Here's Why $100,000/oz Silver is a Conservative

Discussion in 'Silver' started by darzdude, May 27, 2016.

  1. darzdude

    darzdude New Member

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    G'day guys,
    I've only just now registered on the site.
    Are any of you familiar / have read this article?
    I think its quite intriguing and shows the great potential of silver. However, I do believe that consideration needs to be made regarding the relative value of the dollar when / if silver does reach "$100,000".
    When / if a price restructure occurs of this magnitude, $100,000 may only buy a second hand motorbike, an Armani suit or a 5 day trip to Tahiti for example.

    http://www.roadtoroota.com/public/998.cfm
     
  2. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Bix Weir. :/
     
  3. darzdude

    darzdude New Member

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  4. Flyinfree

    Flyinfree Well-Known Member

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    I will sell all my silvers to you with no less than 25% discounts if price reached $100K/oz!
     
  5. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Bix Weir is a sandwich short of a picnic. Out there with the likes of Karen Hudes and Bo Polny
     
  6. darzdude

    darzdude New Member

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    As I said - if silver ever hit that price, what would the actual relative value of the dollar be?
    Ie. what would the true purchasing power of $100,000 be at that moment in time?
    If we think along those terms, then there is no reason why silver couldn't hit even higher prices!
    An example, in Zimbabwe, a loaf of bread is worth $1,000,000 of their "dollars". Does this mean 'bread' is an insanely valuable item? - no, off course not, but due to hyperinflation and the purchasing power of their currency, $1,000,000 is semi-worthless in real terms.
     
  7. SilverDJ

    SilverDJ Well-Known Member

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    The Road To Roota
    I think his mind is already rooted.
     
  8. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    I think you've answered your own question. If that were ever to happen ie 1oz Ag = $100 000 then it would be worthless.
     
  9. Guest

    Guest Guest

    Sometimes I think they are just trying to sucker us. If everyone is buying gold then it won't be the best bet in town.
     
  10. errol43

    errol43 New Member Silver Stacker

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    In Zimbabwe 1 gram of gold get you one loaf of bread.

    Regards Errol 43
     
  11. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Everyone's buying houses and going into debt, not buying gold.
     
  12. Kansas21

    Kansas21 Member Silver Stacker

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    Only one sandwich ???
     
  13. ego2spare

    ego2spare Well-Known Member

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    It dosent matter if silver got to $100,000. every single person on this site would be out way before then. On the way up to $100,000 i would say 80% of everyone on this site would be cashed out or almost cashed out before $100. And the last 10% and the 'almost cashed outs' would be out WELL before $1000
     
  14. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    I think you mean "everyone will have lost their silver in a tragic boating accident" because otherwise the capital gains would result in the mother of all bracket creep in terms of taxation.
     
  15. willrocks

    willrocks Well-Known Member Silver Stacker

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    Only $100,000 this time?
     
  16. whinfell

    whinfell Well-Known Member Silver Stacker

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    House's 5kg door stop would be worth $16m! :cool:
     
  17. mmissinglink

    mmissinglink Active Member

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    If silver hits $100,000/oz, it's likely that a loaf of white bread at that same time would be somewhere around $15,000.

    It's all relative, folks.



    .
     
  18. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Bread is expensive in Zimbabwe. a good analogy.

    It will be interesting to see what gold or silver is worth in Venezuela. Surely locally it would be SHTF silver prices, can they buy bread and milk, get some some toilet paper with silver?
     
  19. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    All relative unless you hold $ then you are screwed - relatively speaking lol
     
  20. barsenault

    barsenault Well-Known Member

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    Bix is a fruit cake. I can't believe he actually suckers folks to buy his subscription. He definitely is up there with Bo, Karen and other cookoos. They belong in a nut house along side of other crazies. I hope to God no one is buying PM's because of folks like Bix espousing these idiot comments. Hopefully you have better reasons than listening to this putrid stench of 100,000 dollar silver!! LMAO
     

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