The case for $50+ silver
derryb
Posts: 36,809 ✭✭✭✭✭
Silver Is Significantly Underpriced Given The Looming Supply Shortage
Que the "gutter" troll. LOL
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
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LOL Bulgaria hedge and the looming gutter shortage. Gutter can't even make it back to 50% of its 1980 high (non-inflation adjusted lol). Way more likely gutter will see $5 before $50. Keep dreaming. THKS!
PS: Always funny how the only ones ever talking about this massive shortage are those trying to peddle it. Gutter is not rare nor precious, billions of above ground ounces nobody even wants. RGDS!
The whole worlds off its rocker, buy Gold™.
What should be isn't . What is shouldn't be. Buy low, stack high.
Maybe they are smart enough to continually sell high (higher than they bought) as silver continually moves up and down (great volatility) while buying the dips. I've multiplied my stack by a ridiculous number doing so over the last two decades.
Then there are those who buy high and then try to sell ASEs for $795 a tube and wonder why their stack is puny and they can only see it as "gutter."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
And there are those who choose to remain in the lost decade, soon enough you can call it the lost century. Everything is up 2x, 3x, 10x, 100x, 1000x. Everything except your gutter metal. You sank all your eggs into the wrong basket. Oh well, I guess you can call it tuition. Hopefully you learned something. RGDS!
The whole worlds off its rocker, buy Gold™.
Oh good. Back to where it was 40+ years ago. Lol
Perhaps more time will cure its ills.
Knowledge is the enemy of fear
Looks like I'm one of the few here who sees profits with the volatility. This is something I have been sharing for the last 15 years on the forum. Hopefully some have listened, obviously some have not.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
It is not just you, derryb. While margins are way thinner than metal roofs or aluminum gutters, the coin/currency/bullion trade is about all i’ve done since 2009, when silver was $10 per oz., and gold was $900. Who can’t make it with volatility as a key component, likely can’t see high and low daily, weekly , or monthly signs. Maybe because some are stuck on past decades, centuries, and millenniums.
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Spikes in the price of silver are few and far between. There has only been two major spikes, ever. But you two seem to have fallen right on them. Too bad for you. Sell all your silver and buy junk bonds or retail stocks.
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Why, because those have massively outperformed PMs?
Got any specific names I should look at?
Knowledge is the enemy of fear
For any asset "A", and any asset "B", asset "A" has outperformed "B" (or vice-versa) from one point in time to another.
So it is meaningless to pick only one point in time for comparison.
You should buy things like Foot Locker stock, Gap stock, Tesla stock, Chicago/Illinois bonds, etc.
Or maybe best yet, bonds issued by Chinese retail mall companies.
Disclaimer: I have not researched any of the above and I do not have a position in any of them and do not plan to enter into any such position.
One thing is certain:
Past performance is not a guarantee of future performance.
It all boils down to the old adage... 'Buy low, sell high'.... Cheers, RickO
I remember the narrative quite clearly - that there wasn't enough silver or gold in existence to be used as money - that was the argument that the LBJ administration used to remove silver from the coinage.
If there's not enough silver to support its usage in coinage, there must not be enough to go around as a monetary asset. Simple, huh?
If you don't think physical silver is a good asset to have, don't buy it. Simple again, eh?
I knew it would happen.
When asset A consistently beats asset B, why even bother with asset B?
So yes, it is meaningless, so why to so many PM bulls keep using dates like 1913 or 1929or1933 or 1973 or 2000 or 2008? Heck, one forum member often cites dates from the 1800s or earlier.
Knowledge is the enemy of fear
pump and dump kinda guy?
I currently use 2023 as my reference point, knowing full well that the bankers, and particularly the Fed, JPM & GS manipulate every market that they are in.
I knew it would happen.
Much easier to do with the SLV. Not sure why you would waste your time paying high premiums, listing shipping the gutter etc. Click Click. RGDS!
The whole worlds off its rocker, buy Gold™.
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When asset "A" has outperformed asset "B" for most time periods in recent history, that can sometimes be a contrarian indicator that asset "A" is overvalued an/or asset "B" is undervalued.
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Or perhaps it could just mean gutter is gutter. THKS!
The whole worlds off its rocker, buy Gold™.
Morgan $s sell for $50 often enough. They're .775 oz of gutter.
No shortage of buyers or sellers around there. Eagles not so much.
2011 was the last time it was in the $40 - $50 range
And January1980 was the first time.
Knowledge is the enemy of fear
Thank you for the additional nonsensical statement
Are you another truth denier?
Knowledge is the enemy of fear
You are by far the biggest "Troll" on this entire forum.
So what if I am right in adding a comment? You plan on pointing your Kel Tec polymer
Get Real
Get real....that's funny.
Your knowledge of firearms is as strong as your knowledge of..well..everything....poor.
It ain't a Kel-Tec.
Does my calling you out on your ignorance of firearms.make me a troll?
Knowledge is the enemy of fear
$50 silver (in 1980) wasn't really what the market was saying at the time. It was a reflection of the worry that alot of people had over the economy and the debt, not to mention the publicity that the Hunts brought into the market. The market settled in the $30's at the time.
I read reports that demand has now outstripped supply for years and that silver "reserves" are depleted as well.
If that's really the case, it shouldn't be long until the market actually responds, except that demand will be dropping during the widely-anticipated recession.
It will still have a fallback function as real money as things continue to change.
I knew it would happen.
Does my calling you out on your ignorance of firearms.make me a troll?
No, but your sniping and nonsensical commentary sometimes does.
I knew it would happen.
Most everyone here is well aware of the price history for silver.
But you keep mentioning the two price spikes, over and over again repeatedly (in one way or another).
Are you expecting a different result ?
The whole financial world is green today. Cripes I have stocks up north of 30% in a single session. Hard to find any red on a day like today but you can certainly count on the gutter. THKS!
The whole worlds off its rocker, buy Gold™.
TROLL and don't call me out on firearms.
It's a Kel Tec in your hands you make it look that way.
What's with the name calling? Are you guys trying to get yourselves banned?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I think the OP was trying to pump the case for $50 gutter and @cohodk was simply pointing out that in the past 43 years it has already been there twice. The kicker is that's not even adjusting for inflation. Certainly, doesn't seem to be the "rare stable" commodity that the pumpers use to suck in fresh bunker meat. RGDS!
The whole worlds off its rocker, buy Gold™.
I'd expect it to be much higher by now given all the "fundamentals" so often touted. Are the "fundamentals" just a made up narrative?
I want it at $200 just like yall do, but all these "fundamentals" ain't much fun.
Knowledge is the enemy of fear
The fact is The USD buys all the Gold Silver, palladium, platinum, Rhodium , copper and any noble metal. The Dollar is worth its weight is any gold transaction.
So who's the Dink ?
And premiums no less.
It's only nonsense.if you don't understand. My comments are no different than "chickens.coming home to roost" or "emporor has no clothes". Those are also "nonsensical" unless you understand.
Knowledge is the enemy of fear
Too late. I already did. Because as demonstrated here, you would rather double down on your lack of knowledge than try to learn and ask what it is.
I get it though. Its better to think and blend in with the masses, right?
And it still ain't a Kel-tec...but i do i make.it look cool.
Knowledge is the enemy of fear
Cohodk told on us! Play nice , okay . Double down? Can you card count? Noo, nooo , not 1,2,3,4 ....52
trolls should be ignored, not encouraged
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
simmer down boys...
You two always cherry-pick the two data points when it was about $50.
All a person has to do is avoid stepping on the two spikes. Over a long time span silver maintains purchasing power while the Dollar does not. Even cohodk admitted (reluctantly/inadvertently) that the price of silver generally keeps up with inflation.
I did what?
Perhaps all should inquire with the moderator of you allegation.
Knowledge is the enemy of fear
No I stated that for only 20 of the last 100+ years it has held up. If that means generally to you then it's understandable why you are so confused.
Knowledge is the enemy of fear
Sensitive egos are as volatile as the fluctuating price of silver. I did notice some companies sell gutter guard for a higher price than the gutters.
Buy what want!! Invest in what u want. Above all respect other’s investments Even if u don’t agree with the thing they invest in. ABOVE ALL:: Treat others the way you want to be treated.
Mike
MIKE B.
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You stated that the price of silver today is the same as it was in 1900, adjusted for inflation.
That means the price of silver has kept pace with inflation (generally stable purchasing power) since 1900.
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No, not since 1900, only if you bought in 1900. Different story if you bought in 1901, 1902, 1903, 1904, 1905, 1906, 1907, 1908, 1909, 191o0, 1911, 1912, 1913, 1914, 1915, 1916, 1917, 1918, 1919, 1920, 1921, 1922, 1923, 1924. 1925, 1926, 1927, 1928, 1929, 1930, 1931, 1932, 1933, 1934, 1935.....you get it yet?
Use the calculator in the other thread. No need to be confused anymore. The truth is.out there.
Knowledge is the enemy of fear
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Did you happen to notice that the "silver calculator" you posted in the other thread only goes back to 1968 ?
So if you type in a date before that, such as "1901", it still truncates the report to 1968.
So where did you get the idea that all those years you listed (every single year from 1901 to 1935 and beyond) had silver going lower in relation to inflation ?
Here is the silver price, adjusted for inflation (in 2023 dollars), from 1915 to 2023 (the chart does not go back to 1900, only 1915):
Suppose you bought silver in year (x) and held to today.
According to this chart, the only years in which the inflation-adjusted price of silver was higher than today was 1974 (barely), 1978-1984, 2010-2013, and 2020-2022. So if you bought silver in any of the other 95 years (out of the last 109 years since 1915), your price would have kept up with inflation. And for many of those years, the silver price has beaten inflation.
PS:
Here is the interactive chart:
https://macrotrends.net/1470/historical-silver-prices-100-year-chart
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I know exactly how far back the calculator goes. And anyone with a stack then would be in their mid 80s today... or dead. And maybe they broke even after inflation. What a great way to improve family wealth. LOL
You like to use the words "if" and "suppose" quite frequently. Those words only exist in alternate realities. Facts don't care about those words.
Knowledge is the enemy of fear
The $50 price in 1980 is a red herring. That price didn’t hold for more than a few minutes and yet, you cherrypickers always like to hang your hats on that number.
I bought silver & gold in 1977, 1978 and 1979, including some minicontracts on margin. I sold the minicontracts in late 1979, and I sold a lot of the physical metals in 1980 after the price blowoff and still did very well.
I bought quite a bit of gold, silver & platinum from 2006 to 2008 and still have most of it. Coho makes it sound like you can barely keep even with precious metals but I assure you that my family wealth is significantly more than it was when I was into stocks & mutual funds. And I never needed the “help” of a “professional wealth advisor” to do it.
I knew it would happen.
In 2011, the prices were too high to buy and I did some nominal selling, so when the date cherry pickers try to browbeat you with graph & charts to show you what folly it is to buy at the top, they ignore the fact that hardly anyone actually bought at the top and then held on for years and years. That’s just BS.
I also piled into more gold & silver from 2016 to 2019 and I’m happy to say that was also a very rewarding move. I had the income then, so that was when I bought more. Sometimes, the conviction simply pays off, and so does dollar cost averaging.
I knew it would happen.