Anyone else think silver is overpriced?
Hayden
Posts: 112
Its still cheap to mine and production is greater than consumption. All the speculative demand is distorting the price, but the stockpiles that are currently being built up will eventually have to come to market.
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Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I knew it would happen.
If it's truly headed for a supply shortage in the next 1-10 yrs, then it's probably not overpriced.
roadrunner
<< <i>All-in mining costs probably run around $17-$22 per ounce average to those that primarily mine silver.
>>
It's a little vague, but all the figures I've seen put mining costs in the $5-$10 range, but only about a third of everything that comes out of the ground is from primary silver mines.
Knowledge is the enemy of fear
It sure didn't help out GW 2005-2008, boy thats an ugly chart on the major indexes.
Not that Bernake hasn't tried to pull it off with the massive easing and his commitment to leavr rates historicallylow to 2013.
He doing his part, O can't blame him.
It's 2006 price? Yes
It's 2012 price? No
"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
gold has now taken off on its run.
relative to gold, I don't think it is overpriced.
some grinding action is good for silver. It'll give people time to think of a fair price for it instead of blindly piling into it like on the run to $50.
is overpriced .
Lewis
<< <i>
<< <i>All-in mining costs probably run around $17-$22 per ounce average to those that primarily mine silver.
>>
It's a little vague, but all the figures I've seen put mining costs in the $5-$10 range, but only about a third of everything that comes out of the ground is from primary silver mines. >>
Yes, those silver figures in the $5-$12 range are what's commonly reported. They are also not the true cost to mine an ounce of silver.
Cash costs that are published in quarterly reports by most miners and referred to in most articles and investment guides do not factor in all the costs of the miners. "Cash costs" tend
to closer to operational costs than "all-in" costs. Take the miner's net profit for the quarter and divide that by the ounces sold. That number will be far different than "cash cost"
per ounce. Gold miners typically report cash costs in the $400-$800 range. But that too is not an all-in cost. I would submit all-in gold costs are closer to $800-$1000. To confuse the
issue even more many miners report cash costs in net by-products where in some cases their net gold or silver cost is <$0. A neat trick really.
roadrunner
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
10 to 12 years, no. Next week? Don't care.
That's where I end up every time I think about it.
I knew it would happen.
<< <i>Maybe it's the dollar that's overpriced.
That's where I end up every time I think about it.
As far as all currencies are concerned, and i'll include gold in this as gold is money
Knowledge is the enemy of fear
<< <i>Maybe it's the dollar that's overpriced. >>
Exactly what I was going to write.
<< <i>Maybe it's the dollar that's overpriced. >>
My sentiments exactly. The dollar is going to collapse eventually. The debt will double in 8 years.
In my estimation, silver and gold are extremely cheap.
<< <i>Well, by LAW , the Silver/ Gold ratio was set at 16:1 so, no, I do not think silver
is overpriced .
Lewis >>
i agree