Help me understand.... If silver is in such high demand as there is not enough supply and it is in such demand as it is used for industrial use and that is a big part of why it is so short, what happens when the economy does go further downward and then the demand for silver is much less due to the supply? Once we are not using silver because no one is buying these products that are made with silver, doesn't silver become less valuable as it is not now short on demand?
To keep things as simple as possible, I look at silver from a supply/demand argument...We are told that demand is around 900 million ozs/year, while supply is only around 700 million ozs/yr.....
That fact combined with the Fed running the printing presses nonstop makes it very easy for this silver bug to call for AT LEAST $100/oz for the price of silver within the next 2 years......
There will always be corrections and the interplay of fear and greed work themselves out. But the wise investor will hold on to his silver throughout the volitility.
@buzzz121 Gold is much heavier than silver by volume, but since one ounce is about 40 times the price of silver you need to carry much less of it if you want to cash it in. But you're right, dollar for dollar it's a much lighter amount.
Awesome! Do people think that we will begin seeing actual silver shortages or outages? I would think that could be the only end game for a paper manipulation scheme.
The public isnt as smart as you think they are..my money;s on JP Morgan..they aint fools...if they're shorting into public (you) buying, they prolly know what they are doing.
I will bet you guys anything. Silver will not rise pass $50/oz. By the end of this year
earthgreen101 6 months ago
SILVER IS PLUMMETING IN VALUE!!! SELL SELL SELL!!!
AudiophileTubes 10 months ago
Help me understand.... If silver is in such high demand as there is not enough supply and it is in such demand as it is used for industrial use and that is a big part of why it is so short, what happens when the economy does go further downward and then the demand for silver is much less due to the supply? Once we are not using silver because no one is buying these products that are made with silver, doesn't silver become less valuable as it is not now short on demand?
444dorsey444 10 months ago
To keep things as simple as possible, I look at silver from a supply/demand argument...We are told that demand is around 900 million ozs/year, while supply is only around 700 million ozs/yr.....
That fact combined with the Fed running the printing presses nonstop makes it very easy for this silver bug to call for AT LEAST $100/oz for the price of silver within the next 2 years......
Simple Economics.....
mrlimpitt 11 months ago
There will always be corrections and the interplay of fear and greed work themselves out. But the wise investor will hold on to his silver throughout the volitility.
numag1 11 months ago
@numag1 I meant, there will always be corrections AS the interplay of fear and greed work themselves out...
numag1 11 months ago
think he meant 180% so $900,000
ScrapGoldBusiness 1 year ago
im new to this so bare with me
u said:
"somone that has over $500 000 worth of silver was offered $180 000 dollars cash instead"
i dont get it if he had $500 000 worth of silver why would he settle for 180k
sivivatuu 1 year ago
@sivivatuu I think he meant 180% so $900,000.
sharps3075 1 year ago
gold is light weight and more portable in the case you need to bugout and leave and set-up in australia or where ever.
buzzz121 1 year ago
@buzzz121 Gold is much heavier than silver by volume, but since one ounce is about 40 times the price of silver you need to carry much less of it if you want to cash it in. But you're right, dollar for dollar it's a much lighter amount.
numag1 11 months ago
i do recall you saying not to long ago to sell all your gold & buy silver
suddy669 1 year ago
Could this be called a perfect storm
eyeswideopennimrod 1 year ago
Looking forward to your Monday reports.
weelgunny 1 year ago
Comment removed
steelhorses2004 1 year ago
Very nice analysis of today's market situation. Thanks Greg!
Edgarasmith 1 year ago
Awesome! Do people think that we will begin seeing actual silver shortages or outages? I would think that could be the only end game for a paper manipulation scheme.
aquapurity 1 year ago
@aquapurity Yes, it's coming. That's when you'll see silver in the $100 range and beyond.
numag1 11 months ago
I agree with more upside,before any correction.
mclaren779 1 year ago
The public isnt as smart as you think they are..my money;s on JP Morgan..they aint fools...if they're shorting into public (you) buying, they prolly know what they are doing.
FXNorm 1 year ago
I own both metals
I acquire both metals
I plan on selling neither.
TheChiefSteel 1 year ago 10
good vid thanks
feegeit 1 year ago