Though history can be an indicator for the present and future, current circumstances will always be different. Silver can fall to US$15, which is only another 20% drop but unlikely as silver costs more to produce. Should the paper price hit $15, the premium on physical, if you can get it, would be 33-50%, so there will be little or no sub $20 silver available. I'm still having trouble buying my silver choice at less than 25% premium now so what chance at $15? I think we are wallowing at the bottom now so am buying what I can of my prefered silver. Any lower spot, premiums will go up to compensate so this is effectively my bottom. Oh, by the way, don't ask the forum for an opinion and then when given tell us we are clueless. It doesn't sit well.
Fallacy.. Lots of mines produce silver as a by product at ZERO cost.Some mines have already shut down (primary) as they always do.. Silver was sub $5 for a great number of years not too long ago & mining costs haven't tripled. Industrial demand drives the cost of silver & investment demand drives gold. We have a huge oversupply of silver at this time. That means we need lots more demand to stop this slow bleed.
Please sell me some of this oversupply of silver at spot. You make it sound like a win/win situation.
Silver can be bought very near spot. It just may not be in the desired shape or weight you want... People are often confused into believing that an ASE represents the "true" spot price of silver.. Investment silver accounts for about 20% of the overall market... I love silver but i'm not blinded by the spread of rumor.
From a metals pimp site even However, the global market is "in oversupply" compared to projected 2013 demand by some 4,000 tonnes, according to Thomson Reuters. http://goldnews.bullionvault.com/silver-solar-051020138
I don't appreciate the attack... Anything I post that isn't my own projections,I will more than gladly back up with facts and links when asked..
hi bamaguy, don't worry about yippe, he's an angry permabull bleeding money - there are lots here. btw, i also like broccoli.
I don't agree with their analysis of the silver market. It doesn't gel with what i read on physical silver inventories. And still referring to silver as an "industrial metal" is simply plain stupid and blind in the face of fast growing demand for physical silver bullion for investment purposes by India and China. Investment demand must be close to half of total demand by now and this is growing very rapidly. You can always find sources to support you own ideas - I choose to believe sources that make sense.
Can you link me to ANY source that says demand for physical silver bullion for investment purposes is near 50%?
Thanks. I try to post well thought out Factual replies. One would think when making an investment that you would want to hear pro & con reasons for making the choices one makes. I know I certainly enjoy reading all sides of the silver investing spectrum.
Industrial demand for silver will continue to grow, thus, people purchasing silver as an "investment." However, when the calls are made...and demand for physical silver is needed...investors will sell... Purchasing gold as an investment, to me, is stupid. It's main purpose is jewelry, not functionality...and silver is unrecoverable, year after year, less and less will be available. It's not rocket science.
Only it's not growing... Don't you realize that's why silver is going down... Solar was a big hope & now it's fading fast. Plus every year theres more and more replacements to silver in industrial uses. I repeat...Industrial demand for silver is falling...
What someone said.... Doubt make religion (or belief) stronger not weaker. So everyone that count itself as true believer should have some doubts.
