Silver Is Dead As An Investment!

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mrsilverservice

mrsilverservice

Well-Known Member
After seeing Gold rise to historic levels in recent months and silver still languishing around $22.00 does silver have any future as an investment.

In another thread I started about silvers continuing flat line Ipv6Ready wrote some very very good points why silver is flat.

Silver as an industrial use looks to be going the way of the dinosaurs to me.

People keep pumping silver and I would do the same if I held some hoping for the best but I honestly think that it is in vain.

Is silver dead as an investment,I honestly believe it is.

These opinions are my own having no invested interest in any other precious metal other than my small gold holding.
 
Yes I'm divided on silver as an investment.

Like you say its an industrial metal and with that in mind if silver "shoots the moon" then all of our consumer electronics will go up in price to a point when the price becomes unacceptable.

Then the manufacturers will revert to cheaper less efficient metal for conducting leading to quality issues and probably pulling the price of silver back down.

I don't believe we will ever see high priced silver.

Just my 2c.
 
Silver is a precious metal and part of being a precious metal by the cartel is to make it unattractive as an investment when attaching a fiat price to it that the masses will not be interested in it ... and THAT is schemingly brilliant ...

Silver does have an upside though and that is during economic instability and crisis the cartel tends to lose control of the price ... but generally they can keep it under control ... and they know it ... it is not conspiracy theory ... it is just business...
 
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Here in the US, silver compared to gold shows silver is much preferred if you have a decent time horizon. With the ratio at 90 to 1 here in the US today, that is near the long term top - eventually that ratio will tighten.

From what I remember the long term average is about 50 to 1. Back in 2011 it got to 33 to 1.

If a person buys silver cheap today at 90 to 1 and trades for gold even at 50 to 1, it would be like getting a large discount.

When the prices are bearish the ratio gets higher and when things are bullish silver eventually goes up faster than gold and the ratio tightens, like it did in 2011.

We are near the top of the long term chart for the gold to silver ratio. Not that it can't go higher, but I believe gold/silver will start going up someday and will exceed the highs from 2011 within 5 years or less.

I am only buying silver at these relatively low prices and will swap some for gold someday when the ratio gets low again. The premiums are so low in my area I can get nice generic silver for less than $1 per oz over melt with no sales tax. I don't see much downside with silver at these levels.

https://www.macrotrends.net/1441/gold-to-silver-ratio
 
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systematic said:
Even if we added up all the silver in the forum we probably still would not be in the game that the cartel is playing in ...
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Very true, but someday the big guys/gals will decide it is time for PMs to go up. Look at this long term silver chart. Perhaps a very long term cup and handle in the making? If so, that could mean powerful move up well beyond the rim of the cup ($50), which is the normal trajectory of a cup and handle formation.

https://silverprice.org/silver-price-charts/all-data-silver-price-history-in-us-dollars-per-ounce

https://www.investopedia.com/terms/c/cupandhandle.asp
 
Jim4silver said:
Very true, but someday the big guys/gals will decide it is time for PMs to go up. Look at this long term silver chart. Perhaps a very long term cup and handle in the making? If so, that could mean powerful move up well beyond the rim of the cup ($50), which is the normal trajectory of a cup and handle formation.

https://silverprice.org/silver-price-charts/all-data-silver-price-history-in-us-dollars-per-ounce

https://www.investopedia.com/terms/c/cupandhandle.asp
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If you want to wait 40 years to double your money then you are investing in patience ... but you need to understand the first spike was about the Hunt brothers ... the second was the GFC ... the contracts were the decades in the trough ...
 
All depends on when the silver short contracts decline in volume. Post reading the thread on gold/silver price manipulation, JP Morgan apparently cleared it's short silver paper position last year and is now long given their buying spree of physical in recent years, but the paper short contracts are still in abundance so I read, so a depressed silver price for the time being it is......as Jim4silver notes...still buying time for silver.
 
systematic said:
Even if we added up all the silver in the forum we probably still would not be in the game that the cartel is playing in ...
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I suspect if we added up all the gold SS members held, we'd have more than Canada.....

https://www.armstrongeconomics.com/...l-off-its-gold-reserves-to-the-retail-market/

Canada sells off its Gold Reserves to the Retail Market
Blog/Central Banks
Posted Mar 13, 2019 by Martin Armstrong


Canada has been selling off most of its remaining gold reserves to the general public. They have been selling gold coins and reaping better prices than dumping 400-ounce bars to bankers. The figures from the Bank of Canada and Finance Department show that the country held 77 ounces at the end of February. They sold over 21,000 coins in February. Through most of 2015, the country’s gold reserves stood at more than $100 million. US. Finance Department figures show that Canada sold 41,106 ounces of gold coins in December and another 32,860 ounces of gold coins in January.

That left Canada holding 21,929 ounces of gold in its reserves as of the end of January, and as mentioned, all that is left now is 77 ounces after February. The official statement was:

“The decision to sell the gold was not tied to a specific gold price, and sales are being conducted over a long period and in a controlled manner.”

“The government has a long-standing policy of diversifying its portfolio by selling physical commodities (such as gold) and instead investing in financial assets that are easily tradable and that have deep markets of buyers and sellers.”



Behind the curtain, governments do realize that eventually they must move to a cashless society in order to retain power. This is fueling the debate behind closed doors on how to address the monetary system. As we hear about MMT on this side of the curtain, behind it there’s a question as to whether money really needs the banking of this “barbaric relic” of the past, as John Maynard Keynes once called gold coins, and many are starting to regard him as right after all. Of course, this is self-serving, for they have really screwed up the finances of all governments on this journey down Socialist Lane.
 
mrsilverservice said:
After seeing Gold rise to historic levels in recent months and silver still languishing around $22.00 does silver have any future as an investment.
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Absolutely! More long term over short term. Wait til the wheels fall off this fake economic wagon. It can't keep going on like this for many more years to come. They got little ammo (interest rates, printing, ect) left to keep propping it up. I'm all in silver. My precious! :)
 
"Silver Is Dead As An Investment"
Silver is NOT an Investment, it is Insurance against Government FIAT printing of wealth Certificates.
You do not make MONEY by buying Silver, Silver IS MONEY, full stop - end of story.
 
Jim4silver said:
Here in the US, silver compared to gold shows silver is much preferred if you have a decent time horizon. With the ratio at 90 to 1 here in the US today, that is near the long term top - eventually that ratio will tighten.
From what I remember the long term average is about 50 to 1. Back in 2011 it got to 33 to 1.
If a person buys silver cheap today at 90 to 1 and trades for gold even at 50 to 1, it would be like getting a large discount.
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The GSR going back down does not guarantee that the price of silver will increase.
The GSR could drop back to 33 to 1 without the price of silver moving one cent.
 
"Silver as an industrial use looks to be going the way of the dinosaurs to me.
People keep pumping silver and I would do the same if I held some hoping for the best but I honestly think that it is in vain.
Is silver dead as an investment,I honestly believe it is.'"

You seem to have a BENT against silver. as do many who are working against silver for TPTBe.
Who are you working for @mrsilverservice considering you told us that:
"These opinions are my own having no invested interest in any other precious metal other than my small gold holding."? To quote Pauline Hanson "PLEASE EXPLAIN".
 
JOHNLGALT said:
If you want to divest, I'll take some of yours @ SPOT up to a certain amount..
That will relieve you of having to whinge about it.
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If you would have read what I said you wouldn't continue to make a dick of yourself - Knob Jockey :D

I will repeat myself just for your benefit numb nuts :) I don't own any silver,I only own GOLD :p

I'll put it another way - silver $22.50 - Gold $2000.00 :D

If you want to buy silver then knock yourself out :confused:

Maybe you should change your name to johnl - DICK :)

The conspiracy theory gains momentum :rolleyes:
 
Silver is a nifty way of saving money over time.
It has tax advantages and can be saved discretely.
A store of wealth.
No more.
No less.
100 year price chart quickly tells you of its investment history.
I can’t predict the future.
 
mrsilverservice said:
If you would have read what I said you wouldn't continue to make a dick of yourself - Knob Jockey :D

I will repeat myself just for your benefit numb nuts :) I don't own any silver,I only own GOLD :p

I'll put it another way - silver $22.50 - Gold $2000.00 :D

If you want to buy silver then knock yourself out :confused:

Maybe you should change your name to johnl - DICK :)

The conspiracy theory gains momentum :rolleyes:
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That was probably the least respectful reply that I've read on this forum to date.

That's not how upstanding PM investers talk to one another... It's also very depressing reading it, imagine being on the receiving end of it.
 
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Copy%2Bof%2BIMG_3449.jpg
 
Number 47 said:
That was probably the least respectful reply that I've read on this forum to date.
That's not how upstanding PM investers talk to one another... It's also very depressing reading it, imagine being on the receiving end of it.
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Thanks @Number 47 . I've had he/she/it blocked for a while & when I saw your comment I logged out to see who you were talking to.
We tend to get more of this sort than usual. They are keyboard bullies empowered by anonymity. Thanks again. From _JLG.
 
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