silver at $1000

copperhead

copperhead

Active Member
I have been under a rock for years. So am I to believe You Tube Clips about the future shortages of silver in the coming years,
that the world can't live with out silver in our industrial times. That future high prices will force recycling of silver from consumer goods that currently are put inthe land fill.

Makes me wonder as I encounter many silver residual consumer goods that just goes UN-looked at by scrap yards.
 
possible but if it does reach that price everything will be in thousands. A pack of gums might be a $50-100 so in other words Zimbabwe style price rises
 
Argentum said:
possible but if it does reach that price everything will be in thousands. A pack of gums might be a $50-100 so in other words Zimbabwe style price rises
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if one of the reports is right and there will be no silver in 2040(hence price can be even 10k) then your "if" can be dismissed ...
so it is my "if" vs yours )))
 
Yea haha it's easy to talk about higher selling prices.
Finding people willing to pay them, that's like something that nobody talks about eh?
Anyone wants to buy 5 ASE's for $5000 from me?
I'll take the shipping cost on me! :D
Hello?
Heeeellloooooo?
Anyone?
Heelo?
 
Just because silver runs out doesn't mean the price will rise. It is an industrial medal. Industry needs profit. So they will find an alternative before it runs out.

$50 would be nice :)
 
Silver is not an irreplaceable commodity. Industry will not pay excessively high prices for something that can be substituted for, even if the substitute is somewhat less efficient or effective.

That said, many people still allow their lizard brain to dictate their desires and wants and it is for this reason that silver will continue to be seen by some (and maybe even a growing number of) people as a hedge against things like a contracting currency or rising inflation.

For those wacko permabulls who have convinced themselves that silver will shoot to like $1000/oz tomorrow, an ounce of silver that you'd have to pay $800 for right now would be a great bargain. Why would you then even argue that a semi-numi 1 ounce coin that being offered for $600 is overpriced?? What sort of crazy fantasy land are you living in?



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I can't pay $600 . But I am sure other compositions will come about . But if silver did run out the price has to go up .

Any way - I think they will find it still , but harder retrieve
 
haakma said:
hope the price will not go too high, then it's not affordable anymore to collect silver, but i would be very rich if the price got to a few 100 dollars per ounce ;-)
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Rich? you must have at least a ton of silver. At $500 an ounce you'd have AUD$16 million. I'm not sure if 16 million would be considered rich today. You'd be set up for life but thats about it
 
Argentum said:
haakma said:
hope the price will not go too high, then it's not affordable anymore to collect silver, but i would be very rich if the price got to a few 100 dollars per ounce ;-)
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Rich? you must have at least a ton of silver. At $500 an ounce you'd have AUD$16 million. I'm not sure if 16 million would be considered rich today. You'd be set up for life but thats about it
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Depends on what you consider rich.. i could live comfortably off the interest payed on $16 million In an ING account.. :p
 
Spode said:
Just because silver runs out doesn't mean the price will rise. It is an industrial medal. Industry needs profit. So they will find an alternative before it runs out.

$50 would be nice :)
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The price fluctuations we saw over the years, were those due to industrial demand fluctuations?
 
Argentum said:
possible but if it does reach that price everything will be in thousands. A pack of gums might be a $50-100 so in other words Zimbabwe style price rises
Click to expand...

But even if all prices rise, that doesn't mean they will rise in a proportional manner.

I expect silver to rise more, a lot more.

Just like gold and silver have risen during the previous bull market. So, even if hyperinflation occurs, some things would go up much higher than others.
 
TreasureHunter said:
Argentum said:
possible but if it does reach that price everything will be in thousands. A pack of gums might be a $50-100 so in other words Zimbabwe style price rises
Click to expand...

But even if all prices rise, that doesn't mean they will rise in a proportional manner.

I expect silver to rise more, a lot more.

Just like gold and silver have risen during the previous bull market. So, even if hyperinflation occurs, some things would go up much higher than others.
Click to expand...
Well even if it does come down to hyper inflation atleast pm's will hold much better than fiat, and maybe like you said might perform better than some other goods, but I still see necessities playing a much bigger roles as bartering tools
 
TreasureHunter said:
Argentum said:
possible but if it does reach that price everything will be in thousands. A pack of gums might be a $50-100 so in other words Zimbabwe style price rises
Click to expand...

But even if all prices rise, that doesn't mean they will rise in a proportional manner.

I expect silver to rise more, a lot more.

Just like gold and silver have risen during the previous bull market. So, even if hyperinflation occurs, some things would go up much higher than others.
Click to expand...



Really? What guarantee do you have of this...a magical crystal ball? You do realize that past performance is no guarantee of future results....don't you?

No one knows what the future value of anything will be...not even you know this.

Now, is it likely that many people will still see gold and silver as a sort of safe have in times of economic instability? Probably likely...depending on how far out (number of decades/centiries) we are talking about. Contrary to the sometimes spewed myth by some stackers, gold nor silver get their value the same way anything in the world gets value....by human beings placing value on it....period. There's no guarantee that humans will value gold and silver 50 or 1200 years from now in the same way gold and silver were valued 2000 years ago. For example, an ounce of silver 2000 years ago bought a whole lot more crops than an ounce of silver will today. That's one of many examples which i believe indicates that silver isn't valued in the same way today as it was like 2000 years ago.



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At the very least, I want and would expect that PMs will track inflation until normality returns.

That is over and above the 'normal' spot price movements we see every day. Thus, Gold at 100 TRILLION Marks an ounce in Germany 1923.


OC
 
1979 - 2014 and onwards.

Formation of the right shoulder!

The Super Head!

Perhaps a Super Shoulder in the future???

Superhead_zpse65ca0fd.png

http://www.graceland-updates.com/images/stories/13dec/2013dec24si1.png

https://www.bullionlist.com.au/articles/queen-gold-changes-horses-in-2014


SuperheadIN_zpse7c8f222.png

http://www.graceland-updates.com/images/stories/13dec/2013dec24si1.png
 
Yes, that is going to be the hard part. At $60 it would be tempting to sell. As some of us are expecting $100 - 200 an ounce, maybe / possibly more, then holding on to it at levels below that, will be difficult. Pacifying the urges will be hard to overcome I think.
 
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