After everybodys dollar value on what you think silver is really worth Il start IMO its worth around $90-$100 oz. in the real world of precious metals
No angle thats what i think it should be valued at .... I feel its falling short of it precious metal tag at $40
At production cost of $15 and price tag of $40. It is grossly outperforming gold. Gold production cost is around 1200, at its recent peak it is not performing as well as silver in respect to its production cost. For reference, google it, I read lots of article and I don't have space to save them or index them. So a price of $100 really needs more factors like rarity, running out, more demand, china hoarding or even magical properties previously undiscovered or something.
I wonder what effect these prices will have on industries that use solar. e.g. @ even $150oz the solar industry would be in trouble
Once certain industrial components becomes too expensive, they will either find cheaper substitute or pass on cost. If silver jumps to say $5000/oz I am sure by then there are more things to worry about than price of silver or gold.
Yeah, it's not "worth" any more than it currently is and probably worth less. But there will be plenty of craziness in the world in the next year or 2 or 3 which will drive it to some temporary insane valuation (much like property).
I doubt that if you see the wholesale price of panels made in china & the price they retail here for it wouldnt make any difference whatsoever except the profit margin would be inline with other products
It depends now if you are asking intrinsically, or compared to Gold. If the answer is to be based on a comparison to Gold, then the base price has to be $166.42 (at this moment) - i.e. 1/10th the price of Gold. Why? Because that reflects the true availability of the metals in the ground. (Wait for what happens when this situation changes - the USGS have predicted in ground silver will run out in 2020). Now factor in the fact that much previously mined silver has effectively been destroyed via industrial use. That gives me the gut feel of saying anywhere from $832 through to $2496 (1/2 through 1.5 times) the Gold price. Why? Numbers vary on how much available silver is above ground, but all numbers agree there is less than there is Gold. At that point, technically, one has to argue it's price should be higher than that of Gold (this is looking at things completely technically, devoid of any emotion and preconceived ideas or paradigms) - however, that ignores that it is more abundant when mining operations take place. Hence my broad leeway in numbers.
So hard putting a dollar value on silver. If bread costs $100/loaf then silver at $80/oz means it's worth sweet fuck all
In my opinion Midnight Man is the only one on the right track yet. There is no dollar value you can put on it. At any stage you are comparing it to the intrinsic value of a pile of paper. Under this premise I could predict with a high degree of confidence that toilet paper will reach at least $190 a roll. $1 bill for each sheet, assuming Bernanke isn't printing Zimbabwe style Trillion dollar notes. In my opinion the answer is http://forums.silverstackers.com/topic-5157-assets-and-consumables-in-ounces.html The to me is how this ratio compares now compared with the future?
Silver should be worth about 15% more than I paid for it, that way I can justify buying it rather than just sticking my money in a term deposit
I have to say i looked at it like that for a while & it out performed it to for quite some time but is backing off lately
