$20 Silver?
asheland
Posts: 23,231 ✭✭✭✭✭
You think we’ll ever see it?
It certainly looks like it’s trying to get there...
19.14 right now.
4
asheland
Posts: 23,231 ✭✭✭✭✭
Comments
Everybody knows what side of the PM fence I stand on, but I hope everyone would agree, at our current rate of rampant money printing, even $20 an ounce for silver is far undervalued.
We will likely have a few surprises before this roller coaster ride slows down....No predictions from me, I will leave that to those that make a profit from their crystal balls...Cheers, RickO
Rising gold and silver make sense to me with the current conditions. The only thing not making sense is an up stock market. My crystal ball, although in need of new batteries, says painful days ahead in the stock market. I recently took my profits and backed out. I may be a little early, but happy to get out with what I got.
We will certainly see it, the bigger question is will it hold?
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
It looks like a PM bull market, so I am stepping aside from stacking and just being selective about just purchasing a few numismatic pieces and that's it. I purchase a few commemorative coins that I like to get MINT fresh at the year of issue, so that I have all the packaging and original paperwork intact and keep factory sealed.
A bull market makes it tempting to buy as if one does not want to miss this rocket or wave likely coming up, but I know, for myself, it's best to just watch for now. Buy only when the made rush settles down, maybe join some profit taking coming up.
BST: Tennessebanker, Downtown1974, LarkinCollector, nendee
getting close to where i could sell a bit at a small profit
I think we hit $20 soon. Maybe this week based on momentum. Im not sure we stay above $20 right now. I also thing we end the year $21-$22
IMHO
MIKE B.
I liked it at $34 about 10 years ago. Since Silver is a by-product of Copper mining and Copper mining production is down in 2020, that should put a dent in Silver production. GLTA
100% Positive BST transactions
Agreed. $20 for a full troy ounce of fine silver is a very reasonable price in this day and age.
at our current rate of rampant money printing, even $20 an ounce for silver is far undervalued
understatement of the month, maybe of the year!
I knew it would happen.
id like to see it and have it stay there, jmo
You heard it here first:
March 16 was bear market bottom.
$21 silver before Aug. 15.
$25 before year end, triple digits before July 15, 2023.
Why? Money supply growth.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
From your mouth to God's ears. Baby needs a new boat.
Knowledge is the enemy of fear
I like all of those predictions. Definitely agree with the first two. Doubt we see $100 in mid-July 2023 though. It certainly would be nice.
When precious metal prices rise in step with equities one of them is undoubtedly in a major bubble. Buy the other one.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I still spend the same but get fewer ozs when the price rises. My cut off price is when it hits $30 again, right now I'm sending more in for grading then buying but there's a coin show in Grapevine Tx. this weekend so if there's any in the DFW area I will see you there.
http://coinshows.com/grapevine_gdp4.html
That link isn't working so I'll try again,
http://coinshows.com/grapevine_gdp4.html
I think you are a little bid premature in you crystal ball gazing. (but that's to be expected) I'm a believer that $20 silver is possible by year end, however it depends if silver can maintain the $19 range for a while w/o dropping back down to previous highs in the $17 - $18 range.
I like it when someone has the huevos to come in and make an intelligent prediction. And experienced. And doesn’t really need a boat.
Wow, $100 silver in 3 years?
Will everything quintuple in price?
Or just silver, which costs under $15 per oz to mine and refine?
Liberty: Parent of Science & Industry
Looks like those huevos took a turn in the wrong direction. Could be back to the $18s as soon as tomorrow.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
If we see silver at $100 that soon, we'll have too much to be sorry about to enjoy it.
Here's a warning parable for coin collectors...
You mean like a pandemic, helicopter Fed, riots and stuff like that?
Those concerned with tomorrow's price of any real asset need to avoid that asset. Stick with TESLA for day trading.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Hey you were the one pumping $21 within the next 30 days. Seems some are more concerned than others. Regards!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
No doubt, You should stick with TESLA. It's perfect for the shortsighted.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
You should compare some share prices to book value. If physical silver was on the NASDAQ with a book value of $15, it would be selling for $150.
But still not a bubble. lol
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
TSLA, I could only wish. In 3 months I could have yielded more than I ever could in a LIFETIME of silver investing. TSLA is only for the market gurus like 2 cents.
For the record as of last night (7/15) all my investments in the casino went to "stable value" funds. Could miss out on additional gains but fortunate to be back at break even pre COVID. Now if we could just get the boat anchor to move I'd drop the gutter metal like a bad habit.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Many stocks trade for less than book value.
What you dont understand is the value of the cash flow that is given off by companies and the ability to grow that cash flow. And the ability to create something that never existed before. The ability to improve human existance. We could go on an on, but you would never understand, hence your reliance on conspiracy theory.
What kind of cartoon will you kill this thread with?
Knowledge is the enemy of fear
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Umm, Today it smells like teen silver spirit.
@Longarm welcome to the forums!
My YouTube Channel
$20 is likely a psychological barrier for buyers and a physical barrier for buying algorithms. Breaking $20 should result in added momentum, making $25 before year's end more likely. Then it likely becomes a downhill snowball. But first, it has to break $20.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Charts can be useful in finding likely support and resistance areas. I would encourage study.
Knowledge is the enemy of fear
No chart needed. Used the tea leaves of common sense.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Ok...well continue to be dismissive. It suits you. Maybe you should have used charts nearly a decade ago. You were warned.
Knowledge is the enemy of fear
Ok, no dismissivenessnessness intended.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Thanks
Yes!!
Silver just broke $20 in the futures market. Just might trigger bullion bank algorithms to go to DEFCON 1.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Nice, (almost) back to where it was 4 years ago, 10 years ago, 12 years ago etc. Bring on DEFCON 1. lol
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Now if you could add me to the list of secret memo's sent out.
You know the one to unload when we get to the 90% point of the top of the hill this go around.
That would be swell.
Shame you can't say the same for the Almighty dollar. lol
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Cool chart. How relevant is the left half to any of us? For example,
My 1st job was in 1984. 90% of the "damage" to the almighty 1913 dollar was already done.
Liberty: Parent of Science & Industry
I just hope the manipulators are able to pump it up again. I have a ton of physical to unload. I promise I will only stick with paper silver and physical gold from here on out.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
butt hurt on a PM forum when the spot price of PM's starts moving up with purpose. #so2020 #RESIST!
Loves me some shiny!
You would find that point (1984) on the chart and that becomes your 100% and then see where we are today. It appears you have lost about 50% of your purchasing power in your working career.
Those 1984-earned dollars are either spent long ago on 1984- costing goods and services, or have been invested and have (much) more than doubled.
Who earns money one year and saves cash or leaves in in savings accounts paying nearly zero interest, for 36 years??
It's a straw man argument, and an easy one to counter.
Had I bought silver bullion in 1984, and held till today? how would I have done? 😉
Better than FRNs, granted. But embarrassingly poorly vs stocks, real estate, or rare coins.
Liberty: Parent of Science & Industry
The man with a bunker full of little green monster boxes?
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
You may want to brush up on your logical arguments as well as your Econ 101. The strawman argument was yours (who earns money one year and saves cash) and your inability to apply a BLS chart showing the purchasing power of the dollar to real life is not surprising given the poor state of economic education in this country...