AG PRICE Rumors? Fact or ficton

[Dozer D]

The other day a woman mentioned to me that she heard a possible rumor that SILVER MAY REACH $1000. per ounce. No other details as to the source, timing, when, or validity. She might only be blowing smoke in my face, and jerking my chain, but has anyone else picked up on this rumor possibility of AG. Comments for discussion. I'm not seeing anything on the news of PM, gold & silver trends, the stock market, or anything that may trigger such an increase.

 

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[johnnyv123]

Unless inflation increase an absurd amount or all silver mining companies cease to exist, I doubt that would happen. I have heard of rumors of it going to $50, but nothing as high as $1000. I think she was jerking your chain.

 

[Liu21]

It is Possible, If a sudden flood of Dollars starts returning to the USA from other countries. the cost of 1 oz of silver in dollars could reach 1000$.

 

[baddbluff]

I've heard it is heading back to $5/oz. Let's flip a coin and see who's right.

 

[Diver_Down]

I've heard it is heading back to $5/oz. Let's flip a coin and see who's right.

That would be awesome. I could tile my kitchen counter-top with all the 40%'ers that I have found or perhaps a back-splash with my walkers. Cheaper than granite.

 

[jeff of pa]

LOL the rumors have been there a long time.

Sellers of silver start the rumors Silver will increase 10 Fold.. Buy Now !!!!!

Buyers of silver start the rumors The bottom will drop out soon. .. Sell Now

My prediction, another year of Stagnation in the mid Teens.

Silver U.S. coins are still the best way to own silver.
they still have a value above melt to the foolhardy Bidders
at Auctions

 

[Joe777Cool]

$1000?? pff I heard ONE MILLION DOLLARS per oz!

 

[Pete_Iredale]

Did you really have to ask the internet if it's true that silver is going to jump to 20 times its all time high?

 

[mAGma]

hahaha $1000/ oz?? hahaha a 40% would be worth like $140 or something, let alone a 90% at over $300.

 

[G.I.B.]

Got my new financial plan.

I'm buying at $5 and ounce and selling at $999.

Whooo-hoooo- I'm gunna be rich!

 

[mxh5891]

Unless that ladies pockets and car were full of silver coins she is full of ship.

 

[TheMastermind]

$1000/oz silver would mean dire straits around the globe; like, I'm talkin' the world as we know it ending.

 

[LooseChange]

Other than temporary market anomalies, silver spot tracks with inflation.
When silver is $1000/oz, an average pair of casual shoes will be $1000.

 

[Captain Caveman]

At the time I'm replying, silver is at $15.57.

$15.57 x 64.226 = $1000, so.... I'll go with probably not in 2015.

 

[Dozer D]

Just dreaming I guess. Do you realize that if silver did go to $1000/ounce, then the average dime @ .07234 oz would be worth $72.34 each. We can all become millionaires overnight. Excuse me while I go back to dreaming. HH

 

[StevoCBR]

Well if I could add my 2 cents i would say this, i think there are some things to consider:

Silver in it's run up to 50 in 2011 was trading 9 times the volume of the amount of physical supply available.
There are a few people in the industry that believe we may someday determine silver is more precious then gold. The GSR ratio was set historically at a 15/16 to 1 as it was largely based on the theory that gold was 15 times more precious than silver.

And of course i can go on and on about its unique properties unlike any other metals. I think you have you a possibility of a scenery that the world reverts back to real money that in-turn causes the masses to run to physical.....not to mention central banks are exiting the dollar and taking gold/silver....right now (which I was in my LCS today and he is being quoted 2 months for any silver from a wholesaler) as soon as the paper gig is up. i think parabolic is one scenario that is quite possible.

Why is that so hard to image? Silver hit $50 in the early 80/81 and adjust for inflation that is $130ish. I think all bets are off when we start playing musical chairs with physical supply. If anybody is reading and paying attention to what is happening right now, ie, china 5% currency devaluation, jp morgan taking delivery of a reported 350 million ounces after being kicked out of the paper market, money printing, debt to GDP #'s around the world, regional tensions, socialist bs, blah blah blah.

Nobody knows but the good Lord upstairs but i think if you educate yourself on the facts, consider the world we live in once you look past the vail, your left with only one conclusion. Silvers price in the years to come is a lot more likely to be closer to $1000 then $5....once real money is re-established.....but that's my 2 cents

 

[jeff of pa]

yea I can see silver trading at $1000.00 an oz. when
Minimum wage is $50.00 an Hour.
the cheapest used car you can purchase is $10,000.00
and 99% of the silver (all but Jewelry & contraband silver) is owned by the elite.

of course If you really want $1000.00 Silver Now.
I'm selling it for $1000.00 per Dollars worth of Coins.

I also Buy Silver at $2.00 per Dollars worth.

 

[Beachkid23]

Good possibility she meant gold going to $1000. And having no idea what she talking about.... ? Who knows.

 

[jeff of pa]

I've seen those rumors for years at Coinflation
as I said earlier, The Silver Sellers are the ones who Insist you need to Buy from them
even with their exaggerated premiums, Because they want you to believe you'll still
make a profit.

Sure silver will hit $1000.00 an OZ.
but not likely in our lifetime unless the crap really hits the fan.
and toilet paper hits $100.00 a roll.

Sorry ! I'm not a Doomsayer.