Hang onto your silver,

[M_d_in_guy]

There seems to be lots of indicators that silver will eventually climb, perhaps the upcoming demand will create a good rising price on it. Wanted to share this info that I thought was pretty interesting and sure puts silver in usage perspective. Cheers. Jon.

Silver to hitch ride on solar growth: infographic | MINING.com

What are the thoughts here on the forum?

 

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[s.c.shooter]

Hanging onto mine.

 

[Slingshot]

Long term - I think it's going up, but might dip before the big rise. A lot of the silver traded on the commodities exchange is just on paper, as there is no physical to back it up. Industry needs it for many products, and there was a tremendous amount of silver used up in the electronics boom in the latter half of the 20th century, and most of that is now in landfills. Throw in all the silver coins and jewelry that have been lost, and what's considered left to be mined, then silver looks good. The powers that be play with the price on the paper market to keep it suppressed as it is a threat to the $'s value. At some point their game will catch up with them and the price will soar. The BRIC's have said they will be setting up alternative exchanges and will be pricing metals, and with China holding an enormous amount of gold, that could cause PM's to leap in $ value beyond most peoples imagination. If you don't need the money now, I'd hang onto any you dig just for insurance. Good luck!

 

[basque-man]

Buying, buying and buying more..........

 

[DeepseekerADS]

I believe an aggressive position in silver will bear plenty fruit as the aggressive position in our national debt, and worldwide debt (i.e. Greece) continues to devalue the fiats of the world.

 

[fowledup]

I was told long ago that the natural value ratio of Gold to Silver is 16 to 1 and has always returned to it, sort of an economic law. Don't know if it's BS or not but doing the math if it even gets close thats a hell of an investment return.

 

[M_d_in_guy]

I've read many an article about silver and the norm always seems to be that silver is the most underpriced precious metal mined and or available, I agree slingshot that it will probably fall temporarily, but after that it'll probably slingshot lol up into a good position. There is lot's of spec that it may hit the 4 figure area, however when that will be may be out of our near reach, and adopted in our youths futures.

Either way my physical silver is comfortable where it's at, that being at home lol. Cheers and ty all for your thoughts.
Jon

 

[M_d_in_guy]

I believe an aggressive position in silver will bear plenty fruit as the aggressive position in our national debt, and worldwide debt (i.e. Greece) continues to devalue the fiats of the world.

So true, the fiats are created out of thin air, with, in many cases no physical gold or silver to back them.

in a recent article I read, all the fiats are backed by debt lol, go figure............

 

[CincinnatiKid]

Yes, buy,buy,buy SILVER!
DO NOT buy anything graded or have it in your "portfolio".
Purchase reputable generic rounds/bars and have it on hand.
Peace ✌

 

[lastleg]

I save all the silver I get for free but for long time appreciation fiat can reproduce in an
amazing number of zeros.

 

[CincinnatiKid]

Silver, can at times, be considered volatile and isn't for short term profit.
Silver on hand, if needed, would/will be a huge benefit.
Just buy silver.
Peace ✌

 

[kingskid1611]

Always buying and storing for future use. Can't seem to get enough. I agree that it will one day rise.

 

[T.C.]

I think we can all agree, sometime in the near future, ya might be able to buy a bag of groceries with a silver round. Maybe, a silver round cut into quarter pieces will be worth a lot more than currency....JMHO....I pray that I am wrong!!

 

[CincinnatiKid]

T.C. said it all. Well done.
Thread can now be closed.
Peace ✌

 

[pepperj]

I think we can all agree, sometime in the near future, ya might be able to buy a bag of groceries with a silver round. Maybe, a silver round cut into quarter pieces will be worth a lot more than currency....JMHO....I pray that I am wrong!!

Gee is there some truth to that the economies are propped up on different levels?

 

[Old Dude]

Since I have been in the metal detecting hobby, I have bought several silvers over the last 3 years. If I can get them at a price acceptable to me, I consider it an investment. For some reason, older American silvers seem to be a premium on EBay right now, so I haven't bought any in months. I see modern silver being sold in frequency there. Any particular reason for this?

 

[fistfulladirt]

If the price of silver and gold skyrockets, you'd better believe that the gov will get their share of yours one way or another. They will do whatever it takes to protect the dollar.

Even though I hold both PM's, they've been a terrible investment.

 

[TheCoinKid]

I was told long ago that the natural value ratio of Gold to Silver is 16 to 1 and has always returned to it, sort of an economic law. Don't know if it's BS or not but doing the math if it even gets close thats a hell of an investment return.

Or, maybe gold is over-valued and should be at $240 per oz?

 

[CincinnatiKid]

Avoid silver coins when investing. Just cause it was minted 51 years ago, doesn't make it overly valuable. Plus, the math is hard to calculate on a daily spot basis.
Buy bullion.
Eagles carry heavy premiums. Look around. Silver can be purchased near spot.
Peace ✌

 

[spummerr]

Feel sorry for the saps who bought it at $20-$50 a ounce!!!

Especially if you bought it from coin shows & paid way more than you should of. They make a killing on bullion coins

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