$250 silver by end of 2021 and why I'll be right again.
Texans have been without power and have had frozen pipes for days. Trees have uprooted water, fiber, electric. No utilities were buried deep enough because TX never freezes, so everyone is screwed. Local malls have power but some residents have had leaking pipes in their living room for days. One of their local leaders is gaslighting and victim blaming people for being in a disaster.
The market has already been cracking apart. Supply chains, mines, mints, USPS, election, civil stuff, gamestop, ebay managed payments, and very many retirements by a lot of patient people.
Wealth distribution is continuing to come to a screeching halt. Worse yet, there's no ammo, and food is sold out. Half of it should be failing modern quality control, anyway.
If I had to bet everything I had on a potential outcome, I believe we will see silver eagles sit where we saw $5 AGEs Nov19-Mar20. I believe this will be the "golden ratio"-esque correction that people have been waiting for.
It would only have to hit $150-$160 and people are already paying $220 for fancy 2021 plastic. This is my conservative estimate but $200 non PCGS type slabs will soon catch up.
If this trend continues like the past 9 months, fancy plastic will continue to lead the charge up to $250 1oz Ag. I believe we are accelerating and this silver problem is only getting worse, so the next jump will take substantially less time. We will have a LOT more slabs being sold because of new people and there will remain a large gap between generics and very expensive slabs. But I don't think that will really last for long as supply continues to dwindle.
Most Texans can't access ATMs right now at any of the banks that might still even be open, and they can't get cashback with their debit card because covid and no utilities and no stores. But you can buy food, drugs and even gamble with BTC or trade silver for a chainsaw.
Gold will stagnate relative to silver as people scoop up cheaper and more abundant silver, which is breaking out in the EV market and new solar panels that last 1000 years (and the clear ones that will replace every window in the world).
A new era of batteries and electronics is here, too.
Cheers, everyone, I hope this helps you get richer.