Top Comments
Video Responses
All Comments (371)
-
@sunflowerjellyfly Hooray for China.
I first bought silver at $2, don't ask me how long
ago that was.(lol) $100 that sounds great.
-
@fntime My point is, that China (among other newly industrialized countries) is like a freight train waiting to pickup steam. You are right, this scenario is different from the Hunt brothers but the demand in countries like China will make silver hitting 100 USD plus an ounce this next few years a likely possibility.
-
@sunflowerjellyfly Cornering means you buy up every available ounce so that anyone who wants to buy an oz must pay your price! China is living in reality unlike US. Paper 'role play' money is nonsense. As long as you can print money (FED) & pay little or no interest you can buy or sell marginized contracts. You can sell millions of oz to lower the price or buy millions of oz with paper money. They are making money daily, up $5 over 2 weeks, then down $5. It's a license to steal.
-
@fntime Actually China is taking over the role of the Hunt Brothers as they hoard resources like silver for their alternative energy program and growing industrial base.
-
@eventhisidistaken There is a huge difference though, tulips have basically no industrial or monetary use for obvious reasons. Its basically a flower that wilts in a few days. Silver has a long a laundry list of industrial use (medical, conductor, electronics, catalyst etc) besides having a similar monetary history with gold. With countries like China becoming industrialized, the demand for silver will only grow overtime.
-
Adjusted for inflation, tulip bulbs reached and all time high of about $60,000 in todays dollars. Does anyone think they're worth that today? You have to remove bubbles from history and look at long term trends without them instead. Adjusted for inflation, the historical price of silver is around $20/ounce in today's dollars. Forget what it was worth 1000 years ago. Extraction techniques have increased production substantially since 1950. Projecting forward from then, yields $20/oz.
-
The only way silver will go to $138 oz is if the Hunt Brothers come out of the grave and corner the market AGAIN. The discreption of 1980, is not true. Thru out the 70's there were many warning about fiat currency. Among them James Dines and Ron Paul. Deluding oneself in investments always leads to too high expectations and refusal to accept possible risk. This comparison with 1980 will not standup. In the 70's they used the same logic with $20 gold & then $35 gold. Wise up!
-
@adrianwillis360 you will be waiting for a long time if you want gold and platinum back to 500 an ounce. those days are gone. 1000-1200 maybe but not 500
- Loading comment...
Silver price at thepriceofsilvertoday . com
MELKAGLANDIAS 9 months ago 21
I'm STACKIN LIKE A BITCH! . . . what a bargain @$35oz!
Johnnyrockva 10 months ago 7