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

This is an article I posted on Silver Doctors in July 2016. Prices need to be changed, but I think it still reads true. _JLG.
In the event of a reset to precious metals the following may be applicable.

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tolly_67 said:
Hmmmmm................. it's a theory I suppose.
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Thanks tolly_67 , that is about the nicest response to anything I've posted on this website out of over 600 posts,

Do you think it is a valid argument for buying GOLD at this time, instead of silver?

I prefer silver for the simple fact that there is about 1/4 to a 1/3 of the above ground ounces available compared to gold, which means SILVER is 3 to 4 times more valuable than Gold.

p.s. have to go now, there is a line of limo's out the front of my QTH - (place of residence) with blokes in black suits with dark glasses. _JLG.
 
It looks like crypto currencies are sucking the life out of old fashioned metals. What I find curious is that with the exponential rise in processing power of computers each year it seems to me that no matter how secure blockchain algorithms themselves may be I suspect that it’s just a matter of time before Bitcoin is compromised by a government player and it won’t be by cracking the blockchain itself, it will be by hacking the ecosystem that Bitcoin exists in as a useable form of exchange. If you can’t get into a bank’s actual vault you can still cause the vault to be emptied and handed over in so many ways.

If that ever happens boring old fashioned PM’s may well become attractive again.
 
JOHNLGALT said:
I prefer silver for the simple fact that there is about 1/4 to a 1/3 of the above ground ounces available compared to gold, which means SILVER is 3 to 4 times more valuable than Gold.
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I walked out onto my back lawn today where my happy dog resides - there were 4 dog shits, and 15 tennis balls above ground - about the same as your ratio above.
Both myself and the dog chose a ball over the shit.... and apparently the scarce oz's of shit available are still worth a pinch-of-shit. Why is the scarce piece of shit still only worth shit, and less than the ball? Because there is plenty more where that came from. ;)
 
Shaddam IV said:
It looks like crypto currencies are sucking the life out of old fashioned metals.
*snip*
If that ever happens boring old fashioned PM’s may well become attractive again.
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Attractive to who?
99.x% of people couldn't give a rats about metal. How has crypto really changed it?
Governments and institutions will always be involved with gold, nothing changes there.
 
I’m betting on silver being the metal to own in the future. When it becomes the first extinct metal of the period table on our small planet, silver will become not money but treasure. People will stop putting it in low level electronics because the super technologies are coming in my lifetime and the need silver, no other metal has properties like silver and the super technologies can’t happen without it. People will be scared and society will think twice before they misuse another precious metal. When we as a society are asked to put gold into low level electronics like cell phones and off brand tablets just to have cheap toys again I believe we won’t accept the abuse if we are asked to put such large amount of gold like we have done with silver into basically electronic garbage.
 
SilverDJ said:
Attractive to who?
99.x% of people couldn't give a rats about metal. How has crypto really changed it?
Governments and institutions will always be involved with gold, nothing changes there.
Click to expand...

Attractive to people who were buying PM’s and have shifted their speculative purchasing to crypto currencies.
 
I am still waiting for my $13 silver that i was expecting in March or April.
No matter what happens in the price when it hits that range i will buy back in and there are many reasons to do so.
 
Crypto has had no effect on gold and silver prices. Different clientele, different market. Young people buy cryptos, old farts buy gold and silver. That's life. We are old, irrelevant, out of shape and out of date.
 
Thanks to the good staff @ GoldStackers in Melbourne today the future of silver couldn't be in stronger hands.

Gold or Silver it doesn't matter. _JLG.
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such a beauty with the horns intact
 
Awesome silver statue alor....check out this one:

I agree with some of the points many members here have made.

tolly_67 is right about the US$. It is king for now and the foreseeable future.

BTC is neither money nor is it the answer to fiat. If anything, since BTC only becomes useful when it's cashed in for fiat, BTC strengthens the fiat paradigm....Wall Street knows this, the gov't knows this, and financial institutions knows this.

Block chain 2.0 will likely kill off most current cryptos at some point.

Precious metals are good to own as a long term store of value but they are not panaceas nor do they function as money for most people who own them.
 
The future of silver looks bleak ... although i can see cryptos and any other avenue like pokies, online gambling or practically anything that involves instant gratification with the push of a button particularly financial reward (real or imagined) will boom ... and that includes teenagers selling their virginity (including G spot) to the highest bidder ...
 
Cryptos, for the most part, are and have been treated like speculative vehicles by upwards of 99% of the people who pump them or invest their money into them.

Cryptos, therefore, are not the answer to fiat at all.
 
I like silver for the same reason stated by oz, no one wants it. Most are too busy selling it to buy bitcoin or some other BS digital tulip. However, there is 1 metal better than silver for rapid appreciation and that is the very unloved Platinum. I think Platinum will outdo silver but it may be close. Said the same thing about Rhodium a year ago. No one cares until they do.....and they will.
 
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