I probably should as well and just move to gold
I'm in at about $21 bucks per ounce on average right now
General Poor Man's Game: Gold,Silver,Platinum, and Palladium
- Thread starter Enock-O-Lypse Now!
- Start date
I'm in at about $21 bucks per ounce on average right now
When it happened back in 2011 I held on, should have sold then. Learned my lesson. I think I am at around 16 average per ounce. I bought a bunch during covid when it dropped to 12 dollar range which lowered my cost basis a lot.
I doubt that, although anything can happen.
AG has hit $50 twice in the last 45 years.
Both times far less than its value.
In 1980, $50 is more like what, $300 now?
In 2011'ish...$120?
The future is uncertain totally, but let's work that out.
Let's say Youtube doesn't censor precious metals knowledge.
If silver hits $50, it's within a monetary crisis.
The 1% own 50% of the wealth, and need to protect it.
What are better options than gold & silver?
Gold massively undervalued, silver the most suppressed asset in history.
1) Most conductive
2) Most heat transferrable
3) most reflective
4) most healthy
5) self-healing structurally
At even 16-1 gold-silver ratio, say the DOW crashes to 6-8k, most likely gold gets revalued 1-1, so 6 or 8k.
It's hoarded by governments, and silver is what's left.
16-1, which is double the mining rate of around 7-1, silver sits at $375/oz. which is far less than its worth on earth.
If it's going to 50, it's definitely going to $100 & higher.
Certainly a mass casualty event changes that, but likely includes war & health, where silver's needed industrially.
Another factor is certainly CBDC's, which would probably include "buybacks" rather than confiscation in a slow boil, like gold in the great depression era.
Another factor is population & rarity.
Silver's historic highs are never calculated per capita, IE 1920, 80, & 2011 value per human.
Those $50 highs had half the population, so were really $100 give or take.
So if info is free flowing, FOMO would drive silver to unobtanium levels.
I personally think there will be very bad things in this scenario or in any, but $50 is like selling when its on the rise.
In a free market, silver would be in the high hundreds surely.
I have no idea what happens, but do know holding the most suppressed & helpul metal on eath, easily tested by plebes with a ping test, easily recognized by populations, is like taking fire; right over the target.
That said, I get it, but I'd rather hold it when a suppressed asset trades me for a dinner out on the town per oz. when it ought to buy me a top of the line 12 pc. Milwaukee set, with batteries of course.
View: https://youtu.be/i9R-T2Yu32o?si=8oC8yJE1a2yu5308
Terrible narration, great charts, as usual.
Sometimes I wonder if it's by design.
I did not know in nominal terms that silver broke above it's 1980 high in Canadian fiat dollars.
For anyone not paying attention,, Silver is dirt cheap because you can exchange it with pieces of paper.
Although diversification is important , and tech stocks may be the place to be at the moment if they yield favorable dividends, They are still just a casino and you do not own the stock.
Since the beginning of this thread silver has doubled and you hold it in your hand.
What weighs far less is gold and has been up at least 40%.
only physical for me
I was against paper trading but I did end up buying some shares of First Majestic, they give a dividend and you get a discount buying physical from them as a share holder
No hammer yet?
Hasn't yet. In fact the dixie gained 50 cents & pm's still held or continued up.
Overseas....
BRICS meeting has gotta move them tomorrow imo, although futures are trading sideways.
Pretty sure Russia doesn't control finviz.
