Great analogy CJ, what is your definition of 'sideways' anyway? You said silver has traded sideways for 20 years... From '04 to '12 it went from $10 to $44... Unadjusted for inflation
I am utterly new to this stacking shennanigans business, having decided to purchase a couple of kilo bars on August 8th because it looked like a good time. I'm pretty stoked not so much because the price has risen nearly $200 a bar, but because the timing was spot on to the day. It was hovering for a while before that, up down up down, and I bought in on the last down, after which someone lit the touch paper. What is really funny looking back on it, was that I bought one for 757 on the 8th then I went to get a bar the next day and it was like 760 and I was annoyed if you can believe that, and when it went back down to 758 I bought it over the internet, still being a little cross with myself for paying more than what I bought it for the previous day. Oh how we laugh now.
Silver's rise and the AUD's fall is compounding AG/AUD very nicely. Spot could stay neutral but if AUD drops, up goes AG/AUD in relative terms, and very real terms for those of us holding the stuff Nice confluence of events currently (apart from that whole WWIII thing obv)
Interesting conclusion that seems pretty flawed to me. You're referring to something that ended 8 years ago as your basis for this prediction?By the same presupposition do you believe that oil, property, platimum, gold etc are all going to be trading sideways for the foreseeable future? They've all traded 'sideways' for 10-20years at some stage in the past too...
You simply asked for an example of 20 years sideways movement I gave you one. and that 400% rise from 04-12 is abnormal and due to the GFC. Silver and gold will eventually settle back down to within normal levels and stay there, you can see that as it has been trending downards each year form that massive spike 2 years ago. yes I do believe most of what you listed there will stay pretty flat for the near future, that is unless the USA gets involved in Syria and the SHTF then all bets are off.
Silver's starting to go 'Mike Maloney'. Wouldn't it be funny if one of Mike's ridiculously optimistic graphs turned out accurate?
Silver Spot Price USD 25.01 AUD 28.03 Gold Spot Price USD 1429.23 AUD 1601.60 AUD/USD 0.89254 Updated 28/08/2013 3:57:05 PM
Now that would be a surprise! On the other hand I won't feel too surprised if we get down to about 80c
I reckon the best thing would be if we had gold and silver money again as part of our money makeup This time the coinage uses weight and purity to determine the current "exchange rate" per financial exchange instead of the old idea of face value We are used to fluctuating exchange rates being a global community, we are also familiar with electronic money exchange This way, real intrinsic value stays with the holder/bearer and the days of a fiat currency equivalent underwritten by "faith" goes away Alfie
