Interesting [funny] - She's thinking Silver will hit $200/oz

1630Boston · September 27, 2018 4:34AM

Interesting [funny] - She's thinking Silver will hit $200/oz
https://youtu.be/HaDRKAvC7oA

PerryHall · September 27, 2018 5:08AM

With creeping inflation which we've had since we left the gold standard, silver will eventually hit $200 per ounce. Probably not in my life time but eventually it'll get there.

Timbuk3 · September 27, 2018 5:13AM

Seller embellishes products they are selling !!!

Jinx86 · September 27, 2018 5:35AM

Older video. Wonder what Covina Coins thinks of their statements two years later?

asheland · September 27, 2018 7:47AM

Interesting video, Boston.

ricko · September 27, 2018 8:49AM

I doubt I will see silver at $200/oz., though it would be nice... I would certainly welcome that level. Cheers, RickO

johnny9434 · September 27, 2018 10:20AM

if silver hits $200 in our life times we better bring wheel barrows to help bring all that cash to where ever were going with it. heck give me a check

Smudge · September 27, 2018 6:13PM

It will when $200 is worth about $15 in today's money.

rte592 · September 27, 2018 10:58PM

Were there depending on where you look

tneig · September 28, 2018 6:03AM

I like how she countered the need and growth for silver in industry.

asheland · September 28, 2018 9:28AM

@rte592 said:
Were there depending on where you look

I actually saw that bar in the art bar book recently. My brother lives there and I visited San Diego. I'd love to have that bar, but never in a million years would I pay $200! Maybe $40 on a good day...

rte592 · September 28, 2018 4:06PM

@asheland said:

@rte592 said:
Were there depending on where you look

I actually saw that bar in the art bar book recently. My brother lives there and I visited San Diego. I'd love to have that bar, but never in a million years would I pay $200! Maybe $40 on a good day...

I have all the other bars in that set.
I'd spend someone else's $100 to get one and finish the collection.

OPA · September 29, 2018 11:43AM

@1630Boston said:
Interesting [funny] - She's thinking Silver will hit $200/oz
https://youtu.be/HaDRKAvC7oA

She's in "good company" with the PM dealers who predicted $5k gold & $100 silver in 2011.

1630Boston · September 29, 2018 1:41PM

She IS in the business of selling, I guess

derryb · October 7, 2018 10:20AM

When gold was $263 in 2001, anyone who said it would hit $1895 within 10 years was crazy.

OPA · October 7, 2018 1:21PM

@derryb said:
When gold was $263 in 2001, anyone who said it would hit $1895 within 10 years was crazy.

I must have a short memory, but I do not recall anyone making that prediction in 2001. Although Jim Sinclair predicted, in 2014 that gold will be at $50,000 sometime in 2020. I'm not holding my breath for that prediction either.

derryb · October 7, 2018 2:33PM

@OPA said:

@derryb said:
When gold was $263 in 2001, anyone who said it would hit $1895 within 10 years was crazy.

I must have a short memory, but I do not recall anyone making that prediction in 2001.

Maybe no one wanted to be called crazy. What I meant was "anyone who would have said."

cohodk · October 7, 2018 5:37PM

@derryb said:

@OPA said:

@derryb said:
When gold was $263 in 2001, anyone who said it would hit $1895 within 10 years was crazy.

I must have a short memory, but I do not recall anyone making that prediction in 2001.

Maybe no one wanted to be called crazy. What I meant was "anyone who would have said."

Actually, for those who believe in relative valuation, such a claim may not have seemed far fetched.

Baley · October 7, 2018 6:48PM

Yeah, we'll probably see silver go up 1300% and gold go up 4000% hardee har.

derryb · October 7, 2018 9:32PM

@cohodk said:

@derryb said:

@OPA said:

@derryb said:
When gold was $263 in 2001, anyone who said it would hit $1895 within 10 years was crazy.

I must have a short memory, but I do not recall anyone making that prediction in 2001.

Maybe no one wanted to be called crazy. What I meant was "anyone who would have said."

Actually, for those who believe in relative valuation, such a claim may not have seemed far fetched.

"Valuation" sounds like another word for fundamentals. Have you not repeatedly chastised those who believe fundamentals support much higher prices than those currently being set by the fractionally-backed futures markets for synthetic gold and silver?

Do you believe relative valuation is a valid investment strategy?

derryb · October 7, 2018 9:56PM

@Baley said:
Yeah, we'll probably see silver go up 1300% and gold go up 4000% hardee har.

On 22 May 2010, Laszlo Hanyecz made the first real-world transaction by buying two pizzas in Jacksonville, Florida for 10,000 BTC. In five days, the price grew 900%, rising from $0.008 to $0.08 for 1 bitcoin.

Bitcoin went from $379 on 1/11/16 to $12,282 in less than 24 months. hardee har.

Never underestimate the power of speculative fever, with or without the fundamentals to support it.

cohodk · October 8, 2018 5:44AM

@derryb said:

@cohodk said:

@derryb said:

@OPA said:

@derryb said:
When gold was $263 in 2001, anyone who said it would hit $1895 within 10 years was crazy.

I must have a short memory, but I do not recall anyone making that prediction in 2001.

Maybe no one wanted to be called crazy. What I meant was "anyone who would have said."

Actually, for those who believe in relative valuation, such a claim may not have seemed far fetched.

"Valuation" sounds like another word for fundamentals. Have you not repeatedly chastised those who believe fundamentals support much higher prices than those currently being set by the fractionally-backed futures markets for synthetic gold and silver?

Do you believe relative valuation is a valid investment strategy?

I do not agree with your first sentence. Valuations and fundamentals are not the same. Yes, I have chastised those who quote "fundamental support" because those folk really have no concept of fundamentals or valuation and say such nonsense as "fundamentals support much higher prices than those currently being set by the fractionally-backed futures markets for synthetic gold and silver?". This is nothing more than hyperbolic BS fueled by ignorance.

If you believe in fundamentals and valuation, then please put a valuation on those fundamentals. What price should PM be valued at, and how did you arrive at that price? Do you have some historical reference to support those prices? What is the stability of those fundamentals? Should a premium be placed on those fundamentals? if so, why? We can easily say a plot of land should be worth $XXX because it holds raw materials, potential for development, desirability or undesirability (location), comparables, ect. A companies stock can be valued via growth prospects, management, income streams, ect. Notice one does not need to cite manipulation or conspiracy or some other contrived means to explain a price. What have you?

Yes, relative valuation can indeed be used as an investment strategy, but fundamentals and relative valuation are not the same. History is strewn with examples of high valuation and poor fundamentals, or of strong fundamentals and poor valuation. And it is strewn with the bodies of failed investors who have not been able to decipher the difference.

derryb · October 8, 2018 7:29AM

So, relative valuation is nothing more than convertibility? While relative value tells me it takes more (or less) loaves of bread to buy an ounce of gold it does not tell me which one is over (or under) inflated in price. The only relative valuation that paints a true picture is a valuation in the widely accepted currency. That currency price reflects valuation of both the loaf of bread and the ounce of gold using a common denominator.

Baley · October 8, 2018 8:08AM

@derryb said:

@Baley said:
Yeah, we'll probably see silver go up 1300% and gold go up 4000% hardee har.

On 22 May 2010, Laszlo Hanyecz made the first real-world transaction by buying two pizzas in Jacksonville, Florida for 10,000 BTC. In five days, the price grew 900%, rising from $0.008 to $0.08 for 1 bitcoin.

Bitcoin went from $379 on 1/11/16 to $12,282 in less than 24 months. hardee har.

Never underestimate the power of speculative fever, with or without the fundamentals to support it.

Choosing a Ponzi scam "asset" bubble with no intrinsic value and in the process of collapsing as your example does not strengthen the argument.

Baley · October 8, 2018 8:49AM

But I do very much hope to live long enough to see one more irrational speculative fever for gold, because I do like lots of bread, and would like to sell some gold at an all time, inflation- adjusted High, and shop for other things too. Not because i can't buy the stuff anyway, it would just be psychologically pleasing to be right again about holding PMs all these long years..

derryb · October 8, 2018 9:08AM

double post

derryb · October 8, 2018 9:11AM

@Baley said:
But I do very much hope to live long enough to see one more irrational speculative fever for gold, because I do like lots of bread, and would like to sell some gold at an all time, inflation- adjusted High, and shop for other things too. Not because i can't buy the stuff anyway, it would just be psychologically pleasing to be right again about holding PMs all these long years..

appears that an understanding of the power of speculative fever does in fact strengthen the argument.

cohodk · October 9, 2018 11:24AM

@derryb said:
So, relative valuation is nothing more than convertibility? While relative value tells me it takes more (or less) loaves of bread to buy an ounce of gold it does not tell me which one is over (or under) inflated in price.

Yes it does. Know your relatives.

Interesting [funny] - She's thinking Silver will hit $200/oz

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