I think it'll dip below 15 $ and as it's going, I wouldn't be surprised to see sub-10 $ silver in 2015! Opinions, thoughts?
Maybe never what? I assume you are saying it will "never" reach 10 $ until January 2015. Perhaps, but the way it's been going and by taking account of previous levels, it could go to 10 $ next year perhaps in April-June. Perhaps later? I can imagine 8-9 $ silver as a terrible crash scenario. How long will it take for it to reach 30-35 $ again is my big question.
Maybe never reach 10.74 maybe bottoming right at this moment. I think the turn around will be decent speed, nothing like the way down. I love shorting silver , up the stairs down the elevator
What I find fascinating is that Jim Rogers had been calling for 1,000.00 for a long, long time. He never waivered, never doubted himself. That's pretty impressive. Well, not really, his patience is probably one of the main reasons why he's a billionaire. This is from May 2014...but he was saying this stuff long before this. http://finance.yahoo.com/blogs/dail...er--1-000-an-ounce--jim-rogers-154211336.html
Could it be a way of manipulating the GSR? I feel they want to stretch out the GSR a lot further before some way detaching silvers reflection of golds price. Like now how silver follows gold, whereas other metals may not, I think they want silver to be detached from that. Because right now I feel they do want gold to be $5000 oz but even at a GSR of 70, that would make Silver $70 oz, they don't want silver @ $70 but want gold @ $5000 So by stretching out the GSR to 100, they can then either try and detach silver's following of gold or accept $50 silver with $5000 gold. I bet we see see a GSR of 100 before we see gold at $1000 oz
It went from 19 to 22 usd in like a week a few months back and the posts were" ITS GOING TO THE MOON FINALLY!!!" and all these wild guesses of how high it will go. Drops down a few bucks and its the end of the world and will be 3.5 dollars by the end of the month
I think the GSR is being manipulated to scoop up the last of the gold in private hands... Act 1: Raise the price of gold so everyone takes notice, then set up gold buyers in every shopping centre to take the gold jewellery and grandpa's coin collections. Now the poor have no gold. Act 2: Smash the price of gold so investors sell it, weak hands cut their losses. Now the investors have no gold. Act 3: Manipulate the GSR, now stackers swap their gold for silver, they think they will swap it back when the GSR reverses, but it never will.> Now stackers have no gold. Act 4: Global Financial Crash, people sell everything they have including wedding rings and the family valuables. No one has any gold, everyone has debt. All the gold is in their hands, they remonetise it, revalue it and become rich,
A lot of people recorded that song, but Johnny Mathis was probably the main one, unless you count Donny Osmond.
It's an interesting though fanciful theory. You left out the step where they send the military to all Safe Deposit Boxes where precious metals are stored and to all stackers homes and force them to hand over their gold or else. .
We shall see. If $14 comes and the price drops well below $14, I will have been just another one who had a lot more faith in silver's perceived value than the the reality on the ground. Silver has no intrinsic value....all of it's value is derived by those who have interest in it. Some thought it was a good buy at $49/oz some thought $26 was a steal and others are waiting for it to drop to close to $14 while some are waiting for $10. Yet others wouldn't buy it if it was $2 /oz. The value is entirely extrinsic because the individual is making the determination of silver's value, not the other way around. .
... hey missinglink, I am not sure that I understand your argument, It seems to me that a logical extension of what you are implying is that nothing is inherently/intrinsically of value, as value is determined solely by those that have interest in the "thing" in question. So it naturally follows that neither air nor water are "intrinsically" valuable- as they are only deemed to be valuable by those who require it to live and breathe....I think that we all can agree with your premise, but it seems somewhat of a moot point and more relevant to a discussion in philosophy. I would agree that the value of silver beyond the industry break-even cost for pulling it out of the ground- the very argument that the majority of silver-stackers speculate on, is essentially dependant on extrinsic factors. Back in the early Roman times, it was deemed that 1 oz of silver could purchase the services of a soldier or common laborer for 10 days...not so much anymore-perhaps merely 1.5 hours of work from the unskilled worker. Thus, the "value" of silver has changed based on the extrinsic preceptions of those involved in the contract. But one could argue that it also had intrinsic value due to its everyday applications/ tools of the times, just as today it has a myriad of uses in our economy, one which requires silver to "breathe" to function properly. Cheers, Luker
