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Re: Why the silver price is set to soar [Re: Colbadol]
    #6870615 -

Colbadol said:
money is like manure. it does the most good when you spread it around.



It's really sad that money is so helpful? Where's the greater good?

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Re: Why the silver price is set to soar [Re: Asante]
    #6871932 -

I just wanted to say that some of those figures, to me sound like bs, mostly about amount of silver in the world. So I started looking around a bit.

silver production

silver in the world

According to this in 1992
Total Silver that remains above-ground (all forms): 19.06 billion ounces
Total Silver contained in silverware and art forms: 16.48 billion ounces
Total Silver contained in bullion form: 1.40 billion ounces
Total Silver contained in coin and medallion form: 1.18 billion ounces

It seemed to me that the original article is just a sensationalized story. I do believe that silver can be a good investment to diversify a portfolio, but just overemphasized in this article.

Please, correct me if I'm wrong.

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Re: Why the silver price is set to soar [Re: special_k]
    #6872830 -

I agree with you on the conflicting numbers, but still your sources make remarks like:

Quote:
relative abundance 1 to 5.88 (Gold vs. Silver)
.
This means that based solely upon relative abundance, silver should be trading at about $110.50/ounce (using a gold price of $650.0).
.
Patience, it seems, is destined to pay some incredible dividends.




Which vibes with the $130/oz of the original article.

So even your more critical sources believe silver might go up 8x, turning $12.50 of silver into $100.

Thanks for investigating and I agree the article may be sensationalist, but it does point at the same outcomes your more conservative sources do.


--------------------
Omnicyclion.org
personal empowerment for the world

:nyan: LGBT - Love God Before Tradition :nyan:

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Re: Why the silver price is set to soar [Re: Asante]
    #6873009 -

:strokebeard:

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Re: Why the silver price is set to soar [Re: Asante]
    #6873087 -

Wiccan_Seeker said:
A bit pessimist perhaps but I believe 2010-2020 will be utterly disastrous for fiat currency (dollars, euros) and that hardships may be ahead for anyone but the multi-millionaire.

Like I said in an above post: they are printing a surplus of 10% money annually while actual economic growth is something like 2.5%. It doesnt take much math to see that will be a big problem quite soon. This goes for US and EU. All of us notice things get very expensive very fast. We're being fucked out of the value behind our money. We make bigger numbers but the value within it is less and less.

<img src=http://upload.wikimedia.org/wikipedia/en/9/97/500000000000_dinars.jpg>

The benchmark of investments nowadays is whether you make over an annual 7% profit. If not, the investment is melting away like an icecube while the number seems to get bigger.



How does it all relate to population growth? Computer jobs, office jobs, and relying on others. What if less people worked off of the system and more for them selves? Instead of being consumerists and investing so much into the systems set out? What if people were community orientated? What if we as a group relied more on our immediate areas instead of out sourcing so much. Sure with the population booms we had to deal with it, but now it's still rippling and crystallizing. We have huge homes that take up huge amounts of materials, with nothing more then two people in them. Sure that may be me some day. But the way work it just seems hard pressed our world can survive. Shit how much do we each personally own thats been made with wood from the amazon. Domestication of our species may be one of the worst things we can do. I see so many people that learned how to work and drain on the system.

I came to think of people as general classes as such, Mutualism, Commensalism, Parasitism, Amensalism, Neutralism, Competition.

We should have a mutual symbiosis with the earth and everything on it. Sorry if it got hippyish.

Wikki, "Symbiosis and evolution

The biologist Lynn Margulis, famous for the work on endosymbiosis, contends that symbiosis is a major driving force behind evolution. She considers Darwin's notion of evolution, driven by competition, as incomplete, and claims evolution is strongly based on co-operation, interaction, and mutual dependence among organisms. According to Margulis and Sagan (1986), "Life did not take over the globe by combat, but by networking." As in humans, organisms that cooperate with others of their own or different species often out-compete those that do not."

I think people forget this and want to take on the world.

But hey, You got to make cash and put in the hard work. If you do it right it's all good. Nothing comes for free!

So yeah I'd like to get me some bullion next time i have some to spare.

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Re: Why the silver price is set to soar [Re: Corporal Kielbasa]
    #6873261 -

Overall I think that Wiccian is Right.
Out here in rural nevada, many people and places will actually accept gold as payment in lieu of cash.

My lawyer would actually prefer that i pay him in gold, and he's one smart man.


--------------------
PEACE

:mushroom2:zippoz:mushroom2:



"in times of widespread chaos and confusion, it has been the duty of more advanced human beings - artists, scientists, clowns, and philosophers - to create order. In such times as ours however, when there is too much order, too much m management, too much programming and control, it becomes the duty of superior men and women and women to fling their favorite monkey wrenches into the machinery. To relieve the repression of the human spirit, they must sow doubt and disruption"

"People do it every day, they talk to themselves ... they see themselves as they'd like to be, they don't have the courage you have, to just run with it."

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Re: Why the silver price is set to soar [Re: Asante]
    #7998375 -


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Re: Why the silver price is set to soar [Re: StreetFreak]
    #7998576 -

I remain unconvinced. Commodities trading is still one of the most efficient markets we have. With the advent of digital photography I think we can expect a lower or at least truncated market for silver in the future. If we look back the last 50 year the price of silver has done nothing but drop. The only reason that silver has increased in value as I can see is because of the uncertainty of the global economy, and a wide spread belief that silver maintains its value. Even if silver does maintain its value to the American dollar it would still be more cost effective to invest in foreign markets that would return a profit above and behind the "gains" associated with the declining American dollar with a particular emphasis on stocks that are uncorrelated with the US economy.


--------------------
The trouble with fighting for human freedom is that one spends most of one's time defending scoundrels. For it is against scoundrels that oppressive laws are first aimed, and oppression must be stopped at the beginning if it is to be stopped at all.
     
~H. L. Mencken~

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Re: Why the silver price is set to soar [Re: Smackshadow]
    #16053006 -

Smackshadow said:
I remain unconvinced.  Commodities trading is still one of the most efficient markets we have.  With the advent of digital photography I think we can expect a lower or at least truncated market for silver in the future.  If we look back the last 50 year the price of silver has done nothing but drop.  The only reason that silver has increased in value as I can see is because of the uncertainty of the global economy, and a wide spread belief that silver maintains its value.  Even if silver does maintain its value to the American dollar it would still be more cost effective to invest in foreign markets that would return a profit above and behind the "gains" associated with the declining American dollar with a particular emphasis on stocks that are uncorrelated with the US economy.



Good thing you arnt a economist :rofl:

Silver is worth $33.19 as of today. which isnt much when you factor in inflation but its a decent gain.

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Re: Why the silver price is set to soar [Re: Bodhi of Ankou]
    #16053332 -

He actually has a point


--------------------
The countdown to the break up of the euro has officially begun.

A great financial crisis is going to erupt in Europe, and it is going to shake the world to the core.

If you were frightened by what happened back in 2008, then you are going to be absolutely horrified by what is coming next.

"You throw the sand against the wind
And the wind blows it back again."
- William Blake

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Re: Why the silver price is set to soar [Re: Shill]
    #16053358 -

are there any good companies i can own that hold/mine silver?


--------------------

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Re: Why the silver price is set to soar [Re: rodfarva] * 1
    #16053597 -

Be careful with or just avoid paper/futures trading in precious metals.

i know a guy who's stack of gold vanished with the MF global scam.

futures are a classic gold scam only when they are called in does it become apparent, they sell more paper contracts than they have gokd supplies.  paper gold is not secure.


--------------------
http://yourlogicalfallacyis.com/

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Re: Why the silver price is set to soar [Re: Asante]
    #29524351 -

Asante said:
<img src=http://www.sunshinesilver.com/sunshine_silver_bars_bullion.jpg>

1-ounce silver coins and bars. You can pick em up today in places like ebay for around $15 apiece but they might fetch you $50-$150 around 2015. Of all the silver of all time, there is only $4.4 billion's worth left. "Peak Silver" happened over a century ago and the world is only slowly waking up to that.

..This one's for the Shroomery leprechauns..






I'm just necro'ing this to say good call Asante. People should have listened, i wish i grabbed some bars at 15. 

I bought a few one oz bars for about 30 usd in 2016 and right now they are worth 67, i forgot i even had them but pulled them out of a box, and missed the highest price this year. I don't follow precious metals markers, maybe i should. I should have gone all in on silver when i had the chance.

AI uses silver? Could still be solid investment

Date Nominal Price (USD) Primary Driver
January 29, 2026 $121.67 Industrial supply deficit & AI/Solar demand


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