What's the future of silver look like to you?

Thanks for all responses. All blame and all glory go to me alone. It will be marginally deleterious to my overall buy in and I have to confess to enjoying watching my average buy in decrease since my initial significant buy in. But I guess one has to appreciate that sometimes buy cost goes up as well, the question is am I happy w my stack and where are future prices going from here? And I guess I always wish for a bigger stack but my thought on prices are they could go back to a bit lower but could go a lot higher (and maybe more probably just sideways for a lot longer)... is everything we’re seeing the beginning of the end (of this monetary system) or are we years away from any move back to a gold / silver backed currency?
 
alor said:
when there is on sale, usually followed by a decline
https://www.bullionstar.com/buy/product/silver-heraeus-5oz
CRASH JP MORGAN - BUY SILVER! Only the spot-price of silver + 4.99% regardless of quantity bought!
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You know they had the same offer of 5 oz bars in Mid-Feb for about $112 a bar. I bought some and the price collapsed until it was cheaper to buy even without the promo. So what you say might actually be correct.
 
Interesting chart showing how much copper has gone into the China property bubble. Before the construction bubble, China's consumption of copper of 10% of the world's, rising to 50% by 2018.

Some of it went into exports, but I can't see how the world has consumed much more copper since 2000 to give rise to that kind of copper demand boom. Most of it has gone into the China construction bubble.

Just an indication what happens to copper demand and the corresponding "free" byproduct silver supply when that bubble pops.

You don't need to listen to a hundred hours of silver pumper videos to know what is to come. Just spend 1 minute to read this article, and it's clear that massive amount of silver is dumped into the market because of the China construction bubble.

This kind of bubble, a phenomena by itself, is a once in 40-50 year event, when it pops, that supply of silver isn't coming back.

https://www.cnbc.com/2019/09/25/chi...ts-commodities-appetite-is-still-growing.html

HuilengCopper.1569283912655.PNG
 
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sgbuyer said:
Interesting chart showing how much copper has gone into the China property bubble. Before the construction bubble, China's consumption of copper of 10% of the world's, rising to 50% by 2018.

Some of it went into exports, but I can't see how the world has consumed much more copper since 2000 to give rise to that kind of copper demand boom. Most of it has gone into the China construction bubble.

Just an indication what happens to copper demand and the corresponding "free" byproduct silver supply when that bubble pops.

You don't need to listen to a hundred hours of silver pumper videos to know what is to come. Just spend 1 minute to read this article, and it's clear that massive amount of silver is dumped into the market because of the China construction bubble.

This kind of bubble, a phenomena by itself, is a once in 40-50 year event, when it pops, that supply of silver isn't coming back.

https://www.cnbc.com/2019/09/25/chi...ts-commodities-appetite-is-still-growing.html

HuilengCopper.1569283912655.PNG
Click to expand...
That information and thinking could encourage one to rush out and buy more silver. A lot lot more.
 
openeyes said:
That information and thinking could encourage one to rush out and buy more silver. A lot lot more.
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Yes but only in the long run, you don’t know when the construction bubble will pop. It has been in a bubble state for nearly 10 years but still going. In the meantime, silver is manipulated.

Just an interested thought came to me, long silver to short the china property bubble?
 
sgbuyer said:
Just an interested thought came to me, long silver to short the china property bubble?
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Good thinking imho. I do feel we have a few more years for this to run and also the shortage of silver will take a year or two at least to show up.

But in terms of a build to a substantial position - it take quite some time to buy thousands of kg’s of silver at a low margin.
 
openeyes said:
Good thinking imho. I do feel we have a few more years for this to run and also the shortage of silver will take a year or two at least to show up.
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2008->2011 is about 2 years. Also, I won't discount a 2008 style dump. The trick is not to panick and sell off when that happens which was what I did when I held silver paper at that time. Yes, history may not repeat but I'll not make the same mistake, hopefully!
 
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openeyes said:
Any one tonne stackers out there? Would love to have a tonne.
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not sure we have a $5,000 of 50c 1966 people here anymore
there used to be a few people wanting them so much
may be they run over to the gold side, be it silver stacker/forum there are just plenty of gold people around
 
alor said:
not sure we have a $5,000 of 50c 1966 people here anymore
there used to be a few people wanting them so much
may be they run over to the gold side, be it silver stacker/forum there are just plenty of gold people around
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5000 would be a good start.
 
JOHNLGALT said:
@AshestoAshes all I see is a squiggly line, with no explanation at all. Would you care to elucidate on what it means to a layman?
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That is the trend in people using Google to search up "silver price", indicating there is more interest building in silver. Current interest is almost as high as in 2010-2011 based on this graph.
 
66rounds said:
That is the trend in people using Google to search up "silver price", indicating there is more interest building in silver. Current interest is almost as high as in 2010-2011 based on this graph.
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Thanks @66rounds for that. I left school before I was 14 years old & as you can imagine there are great gaps in my education.
 
Here's a quick and dirty (just a quick overlay so sizing / scale not perfect and PM price only to 25 Sept 2019) of the above google search data for silver and since 2004 v USD per oz price. Some correlation between silver price and search interest but not 100% and I'd say at best a 50% / not firm correlation for the gold price v search data.

If there's a pro chartist out there with some better analytics, pls post up.

upload_2019-9-26_11-5-36.png


upload_2019-9-26_11-12-3.png
 
https://www.reuters.com/article/us-...r-power-supply-to-singapore-afr-idUSKBN1WA023

I hope he has bought enough silver. 3GW requires 10 million solar panels. Even if assuming only half an oz of silver is required for each panel, you need 5 million ounces which is $90 million dollars at today's price. Not a lot of money if you consider the whole project is 14 billion dollars. $90 million is less than 1 percent of $14B. Price aside, securing that amount of physical silver is another matter.
 
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