Long term chart shows silver is in a downtrend!
- Thread starter malachii
- Start date
, except that they didn't have items that gobble up silver back then.
Turk
Active Member
There's an awful lot of history and information embedded within that 650 year chart. Wars, economies, disasters, population growth, mining improvements, price suppression, physical squeeze etc.
I would hesitate to dismiss it too quickly! Chart histories nearly always provide important clues to future behaviour.
Silver was money for most of this period; the fact that this enormous span of data is available at all is also very telling.
Don't be dismayed or concerned by the long term 'decline' suggested. The physical squeeze today is going to have an overriding impact on the price in the short to medium term. And the enormous volatility seen in the shart (remember the vertical scale is LOGARITHMIC, not linear) suggests that the current rise might take silver to heights that some will find unimaginable today.
I would hesitate to dismiss it too quickly! Chart histories nearly always provide important clues to future behaviour.
Silver was money for most of this period; the fact that this enormous span of data is available at all is also very telling.
Don't be dismayed or concerned by the long term 'decline' suggested. The physical squeeze today is going to have an overriding impact on the price in the short to medium term. And the enormous volatility seen in the shart (remember the vertical scale is LOGARITHMIC, not linear) suggests that the current rise might take silver to heights that some will find unimaginable today.
G
Guest
Guest
I actually would love to see silver crash due to low demand to give more buy opportunities, but I am not sure examining a 600 year chart is really looking at the whole equation.
The nature of silver as a market in 1400 is just a little different to 2010 silver market.
As is the nature of silver's use in society over the same period.
Hell, we didn't start destroying silver at these rates before 20 years ago!
The nature of silver as a market in 1400 is just a little different to 2010 silver market.
As is the nature of silver's use in society over the same period.
Hell, we didn't start destroying silver at these rates before 20 years ago!
My only problems with the "charts" is that it does not take into account the uses of silver. How many cellphones, computers, solar panels and every technological item you can think of that all uses silver was made in the last 10-15 years. Just that figure of silver usage alone would be staggering but think about our "modern" society now and imagine the future which all these items are considered "essential" to quality of life and how many billions from china, india, russia and other countries who before were not able to get them but now are able to.
G
Guest
Guest
Well that's what I'm saying as well hem9. The very nature of the metal as a commodity has changed so much in the last 20 years, it's very hard to quantify such a long term chart that doesn't take this into account.
We're literally destroying it all. Blowing it up. Putting into band aids, clothing and even deoderant in miniscule amounts, never to be seen again.
The more we need the stuff, the more energy we need to mine it - the harder it gets to find.
At what point do we start to consider these fundamentals in chart analysis?
It's all very simple. If we run out of silver and don't have it for industry anymore, say goodbye to your modern lifestyles. You won't have to wait for oil to run out, it'll be already over!
We're literally destroying it all. Blowing it up. Putting into band aids, clothing and even deoderant in miniscule amounts, never to be seen again.
The more we need the stuff, the more energy we need to mine it - the harder it gets to find.
At what point do we start to consider these fundamentals in chart analysis?
It's all very simple. If we run out of silver and don't have it for industry anymore, say goodbye to your modern lifestyles. You won't have to wait for oil to run out, it'll be already over!
PerthStack
Member
Agreed.Auspm said:
Germany and China hope to double their renewable energy technology output over the next 18 months as well. Never has silver had such a huge demand into the future. The downward use trend over the last 5 years has reversed as the photography industry is basically silver free now, except for the silver in the actual cameras.
i would imagine the big renewable tech manufacturers will start stockpiling in larger amounts soon, if not already.
G
Guest
Guest
PerthStack said:
What I fear most is the looters of the system declaring silver an essential commodity and look to confiscate it in the national interest, making it illegal to own or barter with.
They'll come knocking with men holding guns, demand you hand over your wealth or be labelled a terrorist and face imprisonment.
People don't really understand the lengths these parasites will go to in order to protect their own interests at your expense.
Yippe-Ki-Ya
New Member
Auspm said:
+1
BullionBull
New Member
malachii said:
Meaningless rubbish. Does not take any of the key factors into account.
Please give me back the 4 minutes of my life wasted watching this.
Ilikemetals
Member
doesn't take into account the massive changes this planet will be facing economically in the next 6 months - 2 years 
I can't believe the angst this video has caused and by some who admit to not having watched or only watched half. No one is forcing anyone to watch or make comment. If it doesn't suit your style or outlook - don't worry. I thought some might like a lighter look at silver over the long term and if you really want to look at it deeply - it shows the probable breaking of a longterm down trend and the fact that if it returns to "normal" we are seeing silver at over $1000 an oz. Normally if you put something like that on here for silver, people wet themselves trying to type "here here" first.
malachii
malachii