Just a guess, a fantasy... it might take 3 decades (or more) for silver to rise. 30 years of waiting... and waiting... and waiting... Yeah, I know: unless they wreck the global economy and we all go the Zimbabwe way!
The laws of economics will "ultimately" dictate when it will rise. I look at the fiat dealers as no different than drug dealers hooking an addict. First they introduce the drug and convince the person to try it. Then when the drug proves enjoyable the now addict asks for more. When the drug of choice no longer is working well then a more powerful drug is used until the junkie dies or hopefully gets clean. To get clean they must suffer all of the agony of withdrawal before they will feel good again. Its hard to live among the dealers and addicts without being a part of it all but weaning from the drug now now as many here are trying to do will be much easier than being forced to go cold turkey when the drugs run out.
Overlay the worldwide debt on that chart. I don't believe for a second we will wait 30 years. Interest rates everywhere now dropping, unbelievable. It will happen soon in my opinion, just hope it rises gradually. Just like between 2009 and 2011.
eh, why not. 45 years till i retire... i cant wait to see the year 2060 ferrari im going to get. gona be a futuristic beast!!
How did silver not increase all those years? At least based on the increased cost of mining? Is the fact it is usually a byproduct and not a primary metal?
Because 2 very rich brothers started to purchase all the silver they could by the tons in the late 70,s early 80,s which caused a world shortage of silver for jewellery making, this cause an over inflation of silver price. eventually the 2 brothers got caught manipulating the price and were prosecuted. "Silver Thursday" its called The second big spike happened because stackers went crazy in panic buying mode, even non stackers were convinced to over stack! The market is always manipulated some way or another I think the physical silver value needs to be dissociated with paper/electronic money for the stacker and be treated as value in the event if any of money collapse.
Exactly we can all only just guess what silver is going to do as far as movement to a high price per ounce, but you never know it may take less then 30yrs for silver to rise up again...can only speculate... Exciting times ahead i think...stacking, stacking and more stacking...
The rise in the 70/80 was artificial due to minuplation of the market by the hunt brothers. Are we here:
No, convinced that it will not slump for remotely that length of time again. Just to throw out a few beliefs that I have adopted: Galloping increase of money supply as has already been mentioned Depletion of US govt stockpiles Gold price will increase, dragging silver with it India and China were small players back then, big hoarders now with affluence increasing . China and Russia now have monetary strategies using gold, but silver will benefit The USD reserve status will topple 'soon'. It won't take even 10 years, probably not 5. Follow # Jim Rickards Other national currencies will deteriorate in value as their supplies are competitively expanded. Insecurity over money 'quality' will lead to global hoarding of hard assets. Banks will be trusted less Industrial uses multiplying and expanding, e.g solar panels The internet will enable a global bull market, not just a few affluent western countries My sense is that developments are accelerating (slowly 'going exponential') not proceeding along an inclined straight line. Got a bowel motion initiating
in 1980 $50 was really $50, 20c would buy a bag of lollies, $50 would buy groceries for a week. in 2012 $50 was peanuts, $50 buys 2 packets of smokes or 2 kg's of fish. in 2040 $50 will buy bag of lollies. my point is, why spend $16 today to buy a bag f lollies in 30 years? you can buy more lollies today.
It's only been ~40 years since the world started using fiat money (almost) exclusively. Since then, the frequency and severity of financial shocks has increased significantly, the global economy has become much, much more interconnected and the degree of complexity in the financial system has grown by orders of magnitude. Removing precious metals from the equation means there is no base-line to measure anything against. Ultimately, you can't fudge the books forever using made up numbers and exponential growth isn't possible in a physical world with limited resources. We'll see metals rising sooner rather than later because we have a need for that frame of reference again.
Wow! So only PM can be used to measure something against? What about food, farmland, peanuts, porcupines, timber, water, housing, or hot women? I can think of about 10000000000 things that one could measure stuff against. Gold and silver are just two of them.
Are people simply holding paper, here?? Because if you are, then yeah, a 30-year flatline would, indeed, suck. Hint: If you're scared of such a scenario, then don't hold paper. Simple as that.
sitting here and circling the sun? or just letting the time passes by you ?? that is not waiting, that is doing other activities, like meeting people and buying silver and open the box in the mail etc. waiting inside a box under ground :lol: and when silver rise again. mr bones will rise with it
Who said that only divisible or fungible things can be used to measure things. Who, apart from you? And the other things I mentioned are divisible and fungible? So why not use them, instead of PM?
One HUGE thing has changed during that time. The communications and internet revolution. Things aren't the same any more. Things happen and propagate orders of magnitude quicker than they did back then.
