A$14 silver?

All based on my personal wishes.
My average is at $29 USD now.
I started in 2003 when silver was $8 USD per oz.
Only bought a couple oz's then, should have bought more.
Really got heavy in 2011 at $30 per oz.
Bought all the way up to $50 oz.
Reason I'm still buying here at $20 an oz is when I see the USA with all their debt, makes no sense, it will crash.
That's my personal opinion only so the nay sayers don't need to trash me, I don't really care.
I just know I'm buying when I can, and when the silver price reaches my break even point at $29 oz, I'll have a smile way across my face because when I compare my stash then to what it was in Jan 2011, ohhh yeah, I'll feel real good!!
 
banks kept their metals said:
All based on my personal wishes.
My average is at $29 USD now.
I started in 2003 when silver was $8 USD per oz.
Only bought a couple oz's then, should have bought more.
Really got heavy in 2011 at $30 per oz.
Bought all the way up to $50 oz.
Reason I'm still buying here at $20 an oz is when I see the USA with all their debt, makes no sense, it will crash.
That's my personal opinion only so the nay sayers don't need to trash me, I don't really care.
I just know I'm buying when I can, and when the silver price reaches my break even point at $29 oz, I'll have a smile way across my face because when I compare my stash then to what it was in Jan 2011, ohhh yeah, I'll feel real good!!
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In 2003 when silver was $8 I saved on a bank account.
In 2011 when silver was $32 I bought silver with it.
Never bought when spot was higher.
Bought all the way down to $19.
But like you, my 'heavy' was 2011's $32.
Averaging down doesn't go fast with peanuts.
I don't think I'll ever have a break even point in terms of purchasing power.
But the least I can do, is working towards it.
And that's what I do.
Alot sold.
I kept.
Alot, under the King Cash reign, want to buy back in cheap.
I won't help them.
Instead, I buy more, just like my former bank account accumulated euro's, I accumulate silver.
I will never return to bank saving.
And I have some plans to avoid inbetween steps there.
That's my little middlefinger to the central planning lazybutts.
Maybe if alot do like me, the lazybutts will get no other option than to return helping producing.
Ohwait. I don't care. I just make it harder for them to steal. Maybe they die with their nose in their lazybutt first. Sometimes happens, just check history. Many King Cashes that became King of Nothin'. :)
 
Cheepo said:
There is also fraud in mining (like in any other business) with people saying they found a large deposit of ore, borrowing money to exploit it, stealing the money, and then finding an excuse for closing down and having a good life with their money.
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There is also fraud in silver stacking, with people saying, depending on their position, that the price will explode due to shortages, or collapse due to oversupply.
 
Pirocco said:
Cheepo said:
There is also fraud in mining (like in any other business) with people saying they found a large deposit of ore, borrowing money to exploit it, stealing the money, and then finding an excuse for closing down and having a good life with their money.
Click to expand...
There is also fraud in silver stacking, with people saying, depending on their position, that the price will explode due to shortages, or collapse due to oversupply.
Click to expand...
That sounds more like wishful thinking, or a tactic used by writers to get people to view their blogs.
 
Cheepo said:
Do you know of houses which have been $5,000-7,000 for most of the last 100 years, including 15 years or so until 2004? If so yes, I would expect them to return to $10,000 or less within the next couple of years.
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Do you know that a $ for most of the last 100 years, including 15 years or so until 2004, bought more too?
If so, I would expect a product whose $ didn't rise then, return to rising within the next couple of years.
Oh wait, that's what happened since 2004. :D
Of course, by now, 2014, quadrupled price, we could be again good for some decades. :/
But you can help, by slamming your BUY button.
Come on, I know you're tempted!
Are they willing to sell lower?
Are they not willing to sell lower?
Damn what should I do!
 
SilverPete said:
Pirocco said:
Cheepo said:
There is also fraud in mining (like in any other business) with people saying they found a large deposit of ore, borrowing money to exploit it, stealing the money, and then finding an excuse for closing down and having a good life with their money.
Click to expand...
There is also fraud in silver stacking, with people saying, depending on their position, that the price will explode due to shortages, or collapse due to oversupply.
Click to expand...
That sounds more like wishful thinking, or a tactic used by writers to get people to view their blogs.
Click to expand...
Or a tactic to chew out other peoples money.
Sometimes it manifests itself, when later on they proudly post that they managed to sell near the peak, while in the week ahead of that peak they posted about price explosions. :D
 
If silver hits $14AUD by the end of the year I will be buying a 5kg block as a conversation piece to go on the coffee table...
 
Brzt said:
If silver hits $14AUD by the end of the year I will be buying a 5kg block as a conversation piece to go on the coffee table...
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At that price, go the silver coffee table.
 
BeHereNow said:
Cheepo said:
The historic price of silver (it was below $10 for most of the last 100 years, a period with two world wars, a great depression, when silver was still used in cutlery, and when industrial demand was very high in the film industry), and the price trend over the last 3 years.
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In 1915 silver was $11.45 in 1915 dollars.
http://www.macrotrends.net/1333/gold-and-silver-prices-100-year-historical-chart

Adjusted for inflation, it was $266 in 2013 dollars.
http://www.davemanuel.com/inflation-calculator.php

So if silver goes to 1915 prices...............................yeah, right!
That's not $11.45, that is $266.
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Correction to the above.
I was on the wrong axis of my chart.

The $11.45 is in 2012 dollars, adjusted for inflation.
My apologies.
 
$14 dollar silver is looking pretty much impossible at this point due to the continuing devaluation of the dollar, increasing production costs and increasing demand.

About the only scenario I can imagine that would lead to a crash in the silver price would be a global pandemic that killed hundreds of millions or even billions of people resulting in economic Armageddon.
 
$14 silver is improbable but not impossible.

one scenario for $14 silver is rising interest rates, and end of QE around the world.
But thats if governments adopt free market, sound money and let everything collapse ( deflationary collapse like the one in 08)

I dont foresee governments doing that and instead I have confidence that they will print their way out of deflation. Hence Im a member of silver stackers.
 
$14/oz silver is an absolute certainty. Silver costed 6 to 8$ for much of the last 100 years (in 2012 $), and was below $10/oz (in 2012 $) for the whole last 100 years if one excludes the 1980 bubble and the 2011 bubble. I still have to hear a valid argument as to why silver should now be priced 2 or 3 times the historic price. I remind you that during the last 100 years we went through two world wars, a great depression, and a big bunch of uncertainties...
 
Cheepo said:
$14/oz silver is an absolute certainty. Silver costed 6 to 8$ for much of the last 100 years (in 2012 $), and was below $10/oz (in 2012 $) for the if hole last 100 years if one excludes the 1980 bubble and the 2011 bubble. I still have to hear a valid argument as to why silver should now be priced 2 or 3 times the historic price. I remind you that during the last 100 years we went through two world wars, a great depression, and a big bunch of uncertainties...
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$14 an absolute certainty?

Nothing is absolutely certain in life.

There are just to many reasons for higher ag prices. Do ur own research, plenty of posts here on ss. not trying to get u into buying silver. Buy us treasuries if u think pm are doomed.
 
Cheepo said:
$14/oz silver is an absolute certainty. Silver costed 6 to 8$ for much of the last 100 years (in 2012 $), and was below $10/oz (in 2012 $) for the whole last 100 years if one excludes the 1980 bubble and the 2011 bubble. I still have to hear a valid argument as to why silver should now be priced 2 or 3 times the historic price. I remind you that during the last 100 years we went through two world wars, a great depression, and a big bunch of uncertainties...
Click to expand...
Silver at $14/oz would not be sustained for long. World demand would quickly drive up the price. Production costs would limit supply. The world is quite different to 100 years ago.
 
Cheepo said:
$14/oz silver is an absolute certainty. Silver costed 6 to 8$ for much of the last 100 years
Click to expand...
Nothing is certain. if silver costed 6 to $8 to much for the most of a century surely that is the new price of silver. If it had been to much then the price would have corrected itself. The price of silver was never to much the value of the dollar has deteriorated.
 
Sneakypeen said:
Cheepo said:
$14/oz silver is an absolute certainty. Silver costed 6 to 8$ for much of the last 100 years
Click to expand...
Nothing is certain. if silver costed 6 to $8 to much for the most of a century surely that is the new price of silver. If it had been to much then the price would have corrected itself. The price of silver was never to much the value of the dollar has deteriorated.
Click to expand...
How much has the value of the dollar "deteriorated" since 2012? The 6 to 8 $ for 1 oz of silver is in 2012 $. I think some people here (Including Pirocco when he writes "Do you know that a $ for most of the last 100 years, including 15 years or so until 2004, bought more too?") don't understand what "2012 $" prices means. It means that past prices are adjusted for inflation. So saying that "everything is more expensive" is just silly.

Some people say that the inflation data are wrong, and in reality inflation has been much higher than the official number. But doesn't this mean that the real price (and not nominal price) of silver has actually dropped over the last 100 years?

I just raise these questions to counter-balance those who say that the price of silver can only go up, up, and up, and push some newbies to put all their life savings into silver, which would be foolish, specially at today's very high price ($19.5/oz, which is 3 times the historic average).
 
Cheepo said:
Sneakypeen said:
Cheepo said:
$14/oz silver is an absolute certainty. Silver costed 6 to 8$ for much of the last 100 years
Click to expand...
Nothing is certain. if silver costed 6 to $8 to much for the most of a century surely that is the new price of silver. If it had been to much then the price would have corrected itself. The price of silver was never to much the value of the dollar has deteriorated.
Click to expand...
How much has the value of the dollar "deteriorated" since 2012? The 6 to 8 $ for 1 oz of silver is in 2012 $. I think some people here (Including Pirocco when he writes "Do you know that a $ for most of the last 100 years, including 15 years or so until 2004, bought more too?") don't understand what "2012 $" prices means. It means that past prices are adjusted for inflation. So saying that "everything is more expensive" is just silly.

Some people say that the inflation data are wrong, and in reality inflation has been much higher than the official number. But doesn't this mean that the real price (and not nominal price) of silver has actually dropped over the last 100 years?

I just raise these questions to counter-balance those who say that the price of silver can only go up, up, and up, and push some newbies to put all their life savings into silver, which would be foolish, specially at today's very high price ($19.5/oz, which is 3 times the historic average).
Click to expand...

I certainly agree that silver will not just go up and up and up to the moon.
I think you are missing the point in terms of dollar devaluation. Most people here are aware of the inflation and hence they use precious metal as a store of value, and I assume most here also believe precious metals will have increasing purchasing power as the world is flooded with paper currency, this is evident in countries that had experienced high/hyper inflation in the past as as China. As the world loose confidence in the fiat system, some of that purchasing power will transfer from paper assets to real assets.
I do agree with those who think inflation is understated, hence yes silver might have fallen slightly in real terms(but I dont have to data to validate that), but thats a positive, you should never buy things that are making historical highs (bubbles)

You argue silver is a terrible investment despite its growing industrial applications, increased investment demand and increased production costs. Now I dont want to say that you are wrong, but I personally have only heard the positives of investing in silver.

would love to hear your argument for lower silver prices, so far you only mentioned historical silver prices which may or may not be accurate depending on the "real inflation" as opposed to official numbers. do you have any other fundamental reasons?

And since you are absolute certain about $14 silver, do you hold a massive short position on silver? as that would make u a crap load of money when silver goes down to 14 especially with leverage.
 
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