The world is waking up to silver investment

Element47

Silver has been money for thousands of years but lately has been forgotten about.

Now the world is waking up to the fact that ALL fiat currencies around the world are getting devalued.

kingworldnews.com

Gold will do well next few years silver will do twice as well.

smeagold

Element47 wrote: »

Silver has been money for thousands of years but lately has been forgotten about.

Now the world is waking up to the fact that ALL fiat currencies around the world are getting devalued.

kingworldnews.com

Gold will do well next few years silver will do twice as well.

can't help but..... agree.:D

Housebear51

There is only about $15 Billion worth of silver bullion in the world. This is not available for sale this is estimated total investor stocks.

This is not much compared to the amount of paper in the world.

blinko

it has about a year left on it to run and when eventually gold does crash silver will crash harder, i would look to reduce exposure or reevaltuate informatioin once gold hits 1500

smeagold

blinko wrote: »

it has about a year left on it to run and when eventually gold does crash silver will crash harder, i would look to reduce exposure or reevaltuate informatioin once gold hits 1500

can't help but...disagree:D

blinko

what makes you say that ??

its gotta correct at some stage, i think it will be about a year before that begins to happen

and as i have said before i dont think it will crash but more of a steadty decline,

good luck all

shaun_from_Africa

Blinko today.

and as i have said before i dont think it will crash but more of a steadty decline,

Blinko yesterday.

it has about a year left on it to run and when eventually gold does crash silver will crash harder

Spot the discrepancy?

Housebear51

blinko wrote: »

what makes you say that ??

its gotta correct at some stage, i think it will be about a year before that begins to happen

and as i have said before i dont think it will crash but more of a steadty decline,

good luck all

If you study history then yes you are right that it has to correct at some stage. The correct price is about 1000oz is worth an average house.

1000oz of silver can be bought for under 30 grand today.

Or look at the historical norm for how much silver is 1 months wages.

You will see that silver is unbelievably cheap to its normal historical correct price.

Also all through history silver has not been rare, now it is very very rare.

neil324

Does this mean the shoe shine boys are piling in?

smeagold

neil324 wrote: »

Does this mean the shoe shine boys are piling in?

no, just the smart money at the moment. how many people do you know personally invested in silver? I don't know any, by the time the shoe shine boys start getting in, silver will be many multiples of todays prices. Which are you, smart money or shoeshine?

Loopgames

Housebear51 wrote: »

If you study history then yes you are right that it has to correct at some stage. The correct price is about 1000oz is worth an average house.

1000oz of silver can be bought for under 30 grand today.

The 'correct' price of silver - how do you measure that? The 1000oz you are referring to is the peak price of silver that hit in Jan 1980 which bought a house. That's not the correct price that's the peak.

So what I understand is this...house price averages will be probably down say for example they become £150k for an average house..then 1000oz should buy you that house. That puts silver at £150 peak. So expect it to average less than half of that. Correct price is just the price that someone is willing to pay for it. Currently that's around £20.

So put in your exit strategy before your own estimated peak. I'm still uncertain what that is as all the above is guesswork and opinon until the markets are known.