Post the date when silver breaks one hundred U.S. dollars.
DocBenjamin
Posts: 1,488 ✭✭✭✭✭
I predicted the end of 2024 on another forum.
Dec 31 2024.
I will stick with that!
1
Comments
$20 by the end of november
Never. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
That is a long, long time.
the correct challenge should be "post the date when $100 will only buy one ounce of silver."
The reality is that silver is not going up - the currency used to buy it is going down. What this means is $100 silver means $10 gasoline, a $15 big mac, etc.
Careful what you wish for.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I wish for nothing and understand the economics.
September 18, 2039
3,2,1, Now!!!!
Ugh Im out
Probably not in my lifetime although I'm pretty old.
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
12 April, 2027.
I’ll settle for $35 right about now!
WTB: Barber Quarters XF
April 13, 2057
6/1/2031
in the year 2525
🎶…if man is still alive
sometime in 2035
Rookies
In some instances spot price is already realized.
At 5% per year would be around 2050. Many of us on this forum would be deceased.
Knowledge is the enemy of fear
But would still be checking in on the forum.
Xmas, 2025.
Many have been resurrected.
Knowledge is the enemy of fear
Date is Day / I / DumpSilver
2044
Certainly no consensus.
In the year 2525...
fka renman95, Sep 2005, 7,000 posts
@TwoSides2aCoin already said that.
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
When it gets closer, they can each pick a month.
It was worth reiterating.
fka renman95, Sep 2005, 7,000 posts
I don't know when but everyone will be amazed at the rapidity once it begins. I'd expect a minimum of a couple months establishing a firm base and then three days to get to $100.
This probably is not the time but if it is it could happen very fast. There will never have been a more widespread and severe buying panic. Almost everyone in the market will be a buyer and industrial buyers will have to buy at any price. The paper market will have collapsed meaning most forward buying will have collapsed as well. Virtually all shorts will renege. Many longs will find they have no silver after paying crooks to care for their silver for decades. As the panic proceeds most silver will simply evaporate into thin air because of reserve banking. Jobbers will quickly eradicate jewelry store and coin shop inventories and then collectors will mop up the stuff that still has numismatic premiums.
Within a couple weeks prices will settle back to far higher prices than today.
It will probably occur before 2028 or it never will.
Seriously, I could see it, but probably about five years out would be my guess given the current inflation like mentioned above, gallon of gas will probably be 15 or $20 etc. etc.
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Trillions of $$$ slushing around the mega funds. One Wall Streeter decides to start a a run and silver triples in 60 days.
Give me one more try?
5,4,3,2,1
Never mind
This seriously is a hard question to answer.
"In the year 7510... if silver's comin', it oughta make it by then" (apologies to Z & E)
"Brother, can you spare a dime?" (Especially a 1975 no S proof?)
The same day that gasoline will be $10, and a Big Mac $25.
30+ years coin shop experience (ret.) Coins, bullion, currency, scrap & interesting folks. Loved every minute!
Jan 6, 2025. (and why is this date special?)
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Is it the date you will finally decide to exit the bunker?
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Iff the market opens more than 50c higher today it will be this week!
A severe sell off could be a signal as well.
Anything else is just another normal week; all over the place or much lower or maybe much higher.
it's only the second quarter. Game still continues, but the FED has used all of its time outs.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
This might not be a normal week.
The severe sell off at the opening may signal fear rather than the status quo.
Prior to 1960 silver moved up and down, but within a range. After 1960 silver began to climb, but encountered shocks: the removal from coins, the Hunt episode and the demise of photographic film. Now silver is a true inflation hedge and likely to double in price every 12-20 years. To pull a fast date: 2056
Prior to 1960 silver moved up and down, but within a range. After 1960 silver began to climb,
As I recall, silver was held at $1.29/oz. until Johnson took most of the silver out of coinage and announced that silver certificates wouldn't be redeemable in silver after a certain date (1966-1967?).
In the late 1960's there was even an investment strategy that advocated hoarding 40% silver half dollars because they would still be worth face value in case the price of silver crashed back below $1.29.
I knew it would happen.
No, not exactly. The FED began removing silver as soon as it could be done at a profit (~$1.35 IMS). Before that there was no reason to and they were saying silver and clad would circulate side by side forever. They had believed that the US strategic reserve of 4 billion ounces could maintain the price forever but it was being depleted so fast they had to allow the price to go up. At that time it was illegal for everyone to melt silver so very few people except the same ones who had been hoarding it all along were saving it. By July of 1969 the FED had removed so much of the silver that it was no longer profitable to separate it and they stopped. Soon the melting ban was lifted. The FED recovered less than 25% of the silver that had circulated at the time clad was issued in November of 1965.
Until quite recently I still liked 40% for this reason. Now I doubt it is relevant since silver could break $100 by Thanksgiving.
Keep your hands inside the ride at all times and do not try to stand up. Consider selling.
As I read the title...
Post the date when silver breaks one hundred U.S. dollars.
Didn't the US Mint just sell a one ounce silver metal for $100+?
Those sold out in short order, I guess the time is now for $100 silver
I doubt that the price will triple before the end of the year. That would indicate a buying panic, but buying or selling panics do happen in tech stocks, hurricanes, and market crashes. You never know. The BRICS meeting and the election are in the queue.
I knew it would happen.
I was at a city surplus auction this Saturday.
There was ONE Colorized Silver Eagle in a blue box.
The bidding process started and went up to $80
That also comes with a 15% buyers fee added on but NO Tax in Arizona
My thoughts were people need to get out more, but there were 3 bidders on this Eagle.
"I doubt that the price will triple before the end of the year. That would indicate a buying panic, but buying or selling panics do happen in tech stocks, hurricanes, and market crashes. You never know. The BRICS meeting and the election are in the queue."
Never forget the great toilet paper rush. If panic buying can happen with bath tissue, nothing is safe.
End Systemic Elitism - It Takes All Of Us
Kale rushes happen every snow storm in Portland, OR.
The same hoarding strategy for 40% half dollars now applies to nickels. Metal value exceeds currency value.
.> @jmski52 said:
There are millions of silver certificates out there, why did folk not redeem the certificates?
Knowledge is the enemy of fear
.
The melt value of $1 face value of US silver coin did not exceed the $1 face value until mid-1967.
As of mid-1968, the US Treasury stopped accepting Silver Certificates from the public in exchange for physical silver.
So that all happened in a relatively short time span.
.
Exactly. There was a scramble to redeem silver certificates but it required a trip to a FED branch, a wait in line, and you often just got a little bit of silver shavings that few wanted. Combined with the short window there was very little incentive unless you had a lot of cash. Don't forget too that in 1967 there were still four or five silver quarters in every roll. It was easier to redeem your certificates at the bank for quarters. At $1.29 per ounce there was no need to buy silver in this way.
The silver disappeared quickly when the FED began withdrawing it. It was half gone before I even realized it must be the FED. It wasn't announced for a long time after they quit in 1969.
"The silver disappeared quickly when the FED began withdrawing it. "
That they were able to withdraw most of it in only a year shows just how fast clads turned over in those days and why the old coins are universally worn. Almost every quarter went through the system in only a one year time frame. They didn't start intentionally cycling the coins until 1972 but 90% of the quarters cycled anyway with out intent.