silver at $1000

[Shamatti]

I think for many these discussions are mute any way.

I will not be selling. I am in for the long run, only if I fall on hard times and really need the cash will I sell. Otherwise, this is my retirement we are talking about. In 30 years I will sell, and by then I am quite certain it will be worth more then it has ever been worth!

There is of course an argument that says every bubble will burst. Wait for it to get big, sell at the top and then buy back after the collapse. Great, if you get the timing right. But my crystal ball isn't working too well. Not sure I would chance that!

 

[sammysilver]

$1000?

Ill be selling half of my stack if the price goes to $60.

It's funny; silver at $60 means the fundamentals were correct so cashing out to suit makes sense. At $1,000 it means the world is facing economic chaos so the last thing you want is fiat.

 

[TreasureHunter]

Kiyosaki would love to see that price

 

[1ozTrOy]

My average cost is around $30/. so if I sell my semi-numis at $60/coin and keep the bullions and bars,
It means I got all my fiat back and got the bullions for free.
So I usually try to buy half bullion & half semis during every purchase to hopefully keep my plan in the right direction.

 

[copperhead]

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

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.

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.

.

There was a Twilight Zone Oldie where 2 criminals stole gold then went into suspended animation and awoke like 200 or 300 years later and Bla Bla Bla
the plot was no body cared of gold any more in the future .

One has to really wonder why silver did buy more 2000 years ago ? What did people do with silver 2000 yrs ago - It seems Currency and jewelry
Some how they liked it and wanted it . But it was a man made conceived NEED .
In our time Silver is used as a necessity in addition to what was 2000 thousand years ago . The industrialize use of sliver in modern times is astounding .Wile 1 OZ does not buy the same crops , it's essential for circuit boards and that is just the tip of the Ice Berg.

There is no need of silver for use to buy crops , modern society uses Fiat currency , federal reserve wire transfers . Bank transfers for all we want.
Yet More Important silver is now used for what allows civilization to go forth in development technology. We take for granted the true use and need of silver .

Society can use any thing they want to invent a medium of exchange .
But the use of precious metals in technology spells out Value Immemorial Then to Now
as long as the technology needs silver Silver will have value with an absolute possibility of value exceeding $25 per OZ .

I feel the research we need to mathematically analyze is what would a TV cost if silver was $1000 per OZ or a solar panel
I need not name all the items the essential use of silver is used in .
Will a TV be 700% higher in price I think not
Prices for goods would go up proportion to the higher cost of silver use in item . When fuel at the pump goes higher,
all we buy responds Naturally silver would be no different .
For me to believe silver @ $1000 will cause a eggs @ $100 you need convince me of the new prices of all the silver items we use NOW ,
thats the ruling truth.
--------------------------------------

HYPOTHETICAL

If a TV cost $1000
and a desired profit was $980
due to silver @ $20 per OZ


If silver was now $1000
trying to have the same profit would cause a TV to cost
$1980

HYPOTHETICAL

 

[Argentum]

^ i'm just thinking at around the year 0 the amount of silver mined compared to population using it as money(Europe, Asia and North Africa at that time) might have been way lower than lets say at the begining of 20th century (due to large supplies coming in from South Americas). And today when noone (except stackers) think of it as money the amount of available silver compared to people using it is huge therefore it seems like the market for it has decreased compared to those times and therefore its percepted value. Hence you can buy less with it today. Just a thought.