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When will silver hit $20 / oz?

topstuftopstuf Posts: 14,803 ✭✭✭✭✭

When do you think silver will make it to $20 ?

When will silver hit $20 / oz?

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  • OPAOPA Posts: 17,104 ✭✭✭✭✭

    Unfortunately, the majority with these type of inquiries, are seldom correct.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭

    I voted 5-7 yrs, but it'll probably happen after I'm dead !!! ;)

    Timbuk3
  • coinpalicecoinpalice Posts: 2,435 ✭✭✭✭✭

    the only way silver prices will hit the all time high again would be a dollar collapse. probably not in this lifetime. 20/ounce, several years

  • derrybderryb Posts: 36,110 ✭✭✭✭✭

    @coinpalice said:
    the only way silver prices will hit the all time high again would be a dollar collapse. probably not in this lifetime. 20/ounce, several years

    did the dollar collapse at the all time high?

    The decline from democracy to tyranny is both a natural and inevitable one.

  • rte592rte592 Posts: 1,417 ✭✭✭✭✭

    Let's see
    Calculating 2+4 more years with the current government....then depending on civil unrest= xx $$.
    YMMV.
    Buy what you like when you like :)

  • derrybderryb Posts: 36,110 ✭✭✭✭✭
    edited March 29, 2019 3:33PM

    When confidence in the banking system and its controllers declines. Precious metal prices reflect confidence in the monetary system. Re: 2009.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • OPAOPA Posts: 17,104 ✭✭✭✭✭

    @derryb said:
    When confidence in the banking system and its controllers declines. Precious metal prices reflect confidence in the monetary system. Re: 2009.

    Are you saying it won't happen in our lifetime? ;)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,110 ✭✭✭✭✭
    edited March 29, 2019 6:38PM

    @OPA said:

    @derryb said:
    When confidence in the banking system and its controllers declines. Precious metal prices reflect confidence in the monetary system. Re: 2009.

    Are you saying it won't happen in our lifetime? ;)

    I'm telling you when it will happen. If you die tomorrow, then yes, it will not happen in your lifetime.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • DeutscherGeistDeutscherGeist Posts: 2,990 ✭✭✭✭

    If these kinds of polls are mostly wrong, then maybe the correct answer is in 7+ years. Silver will reach $20/oz based on inflation alone sometime in the not distant future. To reach $50/oz might be within a generation, though.

    "So many of our DREAMS at first seem impossible, then they seem improbable, and then, when we SUMMON THE WILL they soon become INEVITABLE "- Christopher Reeve

    BST: Tennessebanker, Downtown1974, LarkinCollector, nendee
  • derrybderryb Posts: 36,110 ✭✭✭✭✭
    edited March 29, 2019 6:57PM

    @DeutscherGeist said:
    If these kinds of polls are mostly wrong, then maybe the correct answer is in 7+ years. Silver will reach $20/oz based on inflation alone sometime in the not distant future. To reach $50/oz might be within a generation, though.

    Yet in under two years silver went from less than $15 to $48. While PMs offer protection from inflation it will have nothing to do with new highs just as it didn't in 2011. Two years of digesting the realization of a banking system on life support drove silver up. Excellent PR work (fake news) to re-establish temporary confidence drove it back down.

    The FED just slammed on the brakes and reversed course and said no more rate hikes this year. Tells me that even they are losing confidence. So, yes, I'm backing up the truck.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • DeutscherGeistDeutscherGeist Posts: 2,990 ✭✭✭✭

    Good point derryb. Fake news will prevent silver and gold from rising in the future, too, to at least some extent.
    It would not shock me if silver rises in two years, but I just can't bet the house on it either.

    "So many of our DREAMS at first seem impossible, then they seem improbable, and then, when we SUMMON THE WILL they soon become INEVITABLE "- Christopher Reeve

    BST: Tennessebanker, Downtown1974, LarkinCollector, nendee
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I would say 5-7 years... leaning more to the 7 years.... Cheers, RickO

  • cohodkcohodk Posts: 18,549 ✭✭✭✭✭

    @ricko said:
    I would say 5-7 years... leaning more to the 7 years.... Cheers, RickO

    7 years would mean only 4% per year. And would be zero return over 10 years

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • BaleyBaley Posts: 22,658 ✭✭✭✭✭

    Let's play, "an ounce of silver or a share of HALO?" for the next 10 years. Disclaimer: have many both

    Liberty: Parent of Science & Industry

  • MsMorrisineMsMorrisine Posts: 32,123 ✭✭✭✭✭

    front in loaded votes in a PM forum. not so surprising.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • cohodkcohodk Posts: 18,549 ✭✭✭✭✭
    edited March 30, 2019 1:13PM

    @Baley said:
    Let's play, "an ounce of silver or a share of HALO?" for the next 10 years. Disclaimer: have many both

    They've been running about neck and neck over the last 5 years. Do we hope, or pray, the next 5 will be the same or different?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    With ....silver.. it will always be different. >:)

  • BaleyBaley Posts: 22,658 ✭✭✭✭✭

    @cohodk said:

    @Baley said:
    Let's play, "an ounce of silver or a share of HALO?" for the next 10 years. Disclaimer: have many both

    They've been running about neck and neck over the last 5 years. Do we hope, or pray, the next 5 will be the same or different?

    Two horses in a race of 20.
    Imagine if you could cash bets during the race at the track like you can in the financial markets.

    Liberty: Parent of Science & Industry

  • cohodkcohodk Posts: 18,549 ✭✭✭✭✭

    @Baley said:

    @cohodk said:

    @Baley said:
    Let's play, "an ounce of silver or a share of HALO?" for the next 10 years. Disclaimer: have many both

    They've been running about neck and neck over the last 5 years. Do we hope, or pray, the next 5 will be the same or different?

    Two horses in a race of 20.
    Imagine if you could cash bets during the race at the track like you can in the financial markets.

    Hmmm....not only having the cake and eating it, but paired with a nice 40 year tawny.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • meluaufeetmeluaufeet Posts: 746 ✭✭✭

    Within 2 years

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,793 ✭✭✭✭✭

    My crystal ball is on consignment.

  • MeshMesh Posts: 86 ✭✭✭

    @coinpalice said:
    the only way silver prices will hit the all time high again would be a dollar collapse. probably not in this lifetime. 20/ounce, several years

    what if the the interest rates are lowered and QE continues

  • derrybderryb Posts: 36,110 ✭✭✭✭✭

    @Mesh said:

    @coinpalice said:
    the only way silver prices will hit the all time high again would be a dollar collapse. probably not in this lifetime. 20/ounce, several years

    what if the the interest rates are lowered and QE continues

    This would be the result of a loss of monetary confidence. PMs would respond positively.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • VanHalenVanHalen Posts: 3,787 ✭✭✭✭✭

    @derryb said:

    @Mesh said:

    @coinpalice said:
    the only way silver prices will hit the all time high again would be a dollar collapse. probably not in this lifetime. 20/ounce, several years

    what if the the interest rates are lowered and QE continues

    This would be the result of a loss of monetary confidence. PMs would respond positively.

    Another question: The Fed's balance sheet was close to $5T when they announced a reversal (selling) a couple years ago. How much did they sell? Where does it stand now? $4T?

  • MsMorrisineMsMorrisine Posts: 32,123 ✭✭✭✭✭

    The Feds balance sheet is on the fed res site.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 36,110 ✭✭✭✭✭
    edited March 31, 2019 6:04PM

    @VanHalen said:

    @derryb said:

    @Mesh said:

    @coinpalice said:
    the only way silver prices will hit the all time high again would be a dollar collapse. probably not in this lifetime. 20/ounce, several years

    what if the the interest rates are lowered and QE continues

    This would be the result of a loss of monetary confidence. PMs would respond positively.

    Another question: The Fed's balance sheet was close to $5T when they announced a reversal (selling) a couple years ago. How much did they sell? Where does it stand now? $4T?

    FED will have to continue buying US debt if previous buyers continue to avoid it. I think we will find that FED balance sheet is irrelevant. It is a black hole that grows on paper to offset the creation of new money. Its one side of the make believe ledger that is used to create real, new money. The FED balance sheet is nothing more than a ledger entry to account for the printing of new money to fund government debt. In the long run it will have the same result as a third world country that simply prints as needed without any concern for keeping the books "balanced." The FED's attempt to reduce it's balance sheet is an effort to delay the day of reckoning. FED balance sheet works like the coolant expansion tank in your car. When the tank fails to return water back to the engine as it cools, then the engine eventually suffers.

    FED balance sheet

    The decline from democracy to tyranny is both a natural and inevitable one.

  • jmski52jmski52 Posts: 22,299 ✭✭✭✭✭

    $20 isn't that far of a reach. I'm saying less than 2 years. The world's not very stable right now. Martin Armstrong's blog has some interesting stuff on "rogue waves".

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • johnny9434johnny9434 Posts: 27,410 ✭✭✭✭✭

    id say maybe 3 years. ones guess is just as good as another

  • derrybderryb Posts: 36,110 ✭✭✭✭✭

    @derryb said:

    @VanHalen said:

    @derryb said:

    @Mesh said:

    @coinpalice said:
    the only way silver prices will hit the all time high again would be a dollar collapse. probably not in this lifetime. 20/ounce, several years

    what if the the interest rates are lowered and QE continues

    This would be the result of a loss of monetary confidence. PMs would respond positively.

    Another question: The Fed's balance sheet was close to $5T when they announced a reversal (selling) a couple years ago. How much did they sell? Where does it stand now? $4T?

    FED will have to continue buying US debt if previous buyers continue to avoid it. I think we will find that FED balance sheet is irrelevant. It is a black hole that grows on paper to offset the creation of new money. Its one side of the make believe ledger that is used to create real, new money. The FED balance sheet is nothing more than a ledger entry to account for the printing of new money to fund government debt. In the long run it will have the same result as a third world country that simply prints as needed without any concern for keeping the books "balanced." The FED's attempt to reduce it's balance sheet is an effort to delay the day of reckoning. FED balance sheet works like the coolant expansion tank in your car. If the tank leaks and fails to return water back to the engine as it cools, then the engine eventually suffers.

    FED balance sheet

    The decline from democracy to tyranny is both a natural and inevitable one.

  • derrybderryb Posts: 36,110 ✭✭✭✭✭

    @derryb said:

    @VanHalen said:

    @derryb said:

    @Mesh said:

    @coinpalice said:
    the only way silver prices will hit the all time high again would be a dollar collapse. probably not in this lifetime. 20/ounce, several years

    what if the the interest rates are lowered and QE continues

    This would be the result of a loss of monetary confidence. PMs would respond positively.

    Another question: The Fed's balance sheet was close to $5T when they announced a reversal (selling) a couple years ago. How much did they sell? Where does it stand now? $4T?

    FED will have to continue buying US debt if previous buyers continue to avoid it. I think we will find that FED balance sheet is irrelevant. It is a black hole that grows on paper to offset the creation of new money. Its one side of the make believe ledger that is used to create real, new money. The FED balance sheet is nothing more than a ledger entry to account for the printing of new money to fund government debt. In the long run it will have the same result as a third world country that simply prints as needed without any concern for keeping the books "balanced." The FED's attempt to reduce it's balance sheet is an effort to delay the day of reckoning. FED balance sheet works like the coolant expansion tank in your car. If the tank leaks and fails to return water back to the engine as it cools, then the engine eventually suffers.

    FED balance sheet

    The decline from democracy to tyranny is both a natural and inevitable one.

  • ARCOARCO Posts: 4,305 ✭✭✭✭✭

    Later than sooner.

  • OPAOPA Posts: 17,104 ✭✭✭✭✭

    @ARCO said:
    Later than sooner.

    That answer from this year old thread, appears to be correct. ;)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • bronco2078bronco2078 Posts: 9,964 ✭✭✭✭✭

    someone go back and edit an old post to call the top to the second. :#

  • MsMorrisineMsMorrisine Posts: 32,123 ✭✭✭✭✭

    never again

    $5 first or $20 first

    $5

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 36,110 ✭✭✭✭✭

    @derryb said:

    @Mesh said:

    @coinpalice said:
    the only way silver prices will hit the all time high again would be a dollar collapse. probably not in this lifetime. 20/ounce, several years

    what if the the interest rates are lowered and QE continues

    This would be the result of a loss of monetary confidence. PMs would respond positively.

    And this will come to pass once the panic of "sell everything" subsides, like it did in 2009, and holders of all those dollars suddenly realize there are now a whole lot more dollars to compete with. Inflation will not escape us this time around either, another upward push on PMs.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • ARCOARCO Posts: 4,305 ✭✭✭✭✭

    @derryb said:

    And this will come to pass once the panic of "sell everything" subsides, like it did in 2009, and holders of all those dollars suddenly realize there are now a whole lot more dollars to compete with. Inflation will not escape us this time around either, another upward push on PMs.

    All those dollars are tied up in non performing debt.

  • derrybderryb Posts: 36,110 ✭✭✭✭✭

    @ARCO said:

    @derryb said:

    And this will come to pass once the panic of "sell everything" subsides, like it did in 2009, and holders of all those dollars suddenly realize there are now a whole lot more dollars to compete with. Inflation will not escape us this time around either, another upward push on PMs.

    All those dollars are tied up in non performing debt.

    only the ones used by the FED to buy debt. QE did more than buy debt. For one thing it was used for stock buybacks. Much of it was provided to banks who pretty much did as they pleased with it.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • jmski52jmski52 Posts: 22,299 ✭✭✭✭✭

    All those dollars are tied up in non performing debt.

    And some bonus payouts.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,110 ✭✭✭✭✭

    Real silver's at $20+

    The decline from democracy to tyranny is both a natural and inevitable one.

  • OPAOPA Posts: 17,104 ✭✭✭✭✭

    @derryb said:
    Real silver's at $20+

    Not any time soon, but eventually it will happen. Just like death and taxes.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • LukeMarshallLukeMarshall Posts: 1,900 ✭✭✭✭✭

    Next month

    It's all about what the people want...

  • derrybderryb Posts: 36,110 ✭✭✭✭✭

    @OPA said:

    @derryb said:
    Real silver's at $20+

    Not any time soon, but eventually it will happen. Just like death and taxes.

    I'm selling the $hit out of ASEs on ebay for $25 ea.

    It is happening.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • cohodkcohodk Posts: 18,549 ✭✭✭✭✭

    @derryb said:

    @OPA said:

    @derryb said:
    Real silver's at $20+

    Not any time soon, but eventually it will happen. Just like death and taxes.

    I'm selling the $hit out of ASEs on ebay for $25 ea.

    I would have never doubted so.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • BLUEJAYWAYBLUEJAYWAY Posts: 7,938 ✭✭✭✭✭

    No chance before the Nov. election.

    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
  • coinpalicecoinpalice Posts: 2,435 ✭✭✭✭✭

    silver bars are selling for over $20 per ounce

  • derrybderryb Posts: 36,110 ✭✭✭✭✭

    When all the first time, panic buyers realize that PMs are not an investment, the market will be flooded with supply

    The decline from democracy to tyranny is both a natural and inevitable one.

  • cohodkcohodk Posts: 18,549 ✭✭✭✭✭

    @derryb said:
    When all the first time, panic buyers realize that PMs are not an investment, the market will be flooded with supply

    Yes. It is only called an investment when your net worth increases as a result of holding it. If your net worth decreases or stays the same (actually decreases since inflation decreased purchasing power), then it called insurance.

    chuckle chuckle......im trying to stay away from the LOL's ;)

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • PerryHallPerryHall Posts: 45,296 ✭✭✭✭✭

    @cohodk said:

    @derryb said:
    When all the first time, panic buyers realize that PMs are not an investment, the market will be flooded with supply

    Yes. It is only called an investment when your net worth increases as a result of holding it. If your net worth decreases or stays the same (actually decreases since inflation decreased purchasing power), then it called insurance.

    chuckle chuckle......im trying to stay away from the LOL's ;)

    So I guess stocks aren't an investment. :D

    Worry is the interest you pay on a debt you may not owe.

  • OPAOPA Posts: 17,104 ✭✭✭✭✭

    "When will silver hit $20 / oz?"

    Physical silver already has. Paper silver? Not anytime soon.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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