$100 per AG ounce roumors ?????

[Dozer D]

Just heard on one of the "Coin Show" TV programs, that according to precious metals guru
"Eric Sprott", that silver might be up to $100/ounce by the end of 2016. Ya, that's what "they" were saying back in early 2012 for the end of the year 2013.
Have any of you guys heard the same, or is it all small talk just to get us to buy AG investments now?

 

[StevoCBR]

Well I can't stay away with this one! First I am surprised that there is no Post that lay out the facts. Well let me be the first. And also let me say this. Don't take my word for it do your own research. It's all out there for the seeker of the truth

First thing you have to remember, silver is heavily manipulated. Through paper silver or ETF's In 2010 and early 2011 in silvers run to $50 daily silver was being traded to the tune of 9 times available supply. I'll jeep this brief but high silver price is bad for the dollar. Read up on Ted Butler for an illustration on this.

Next I would point you all to the "Coinage Act of 1834" Set the GSR...Gold silver ratio at 16:1. That has historically been in the ball park of the price ratio of gold and silver. So when Gold is $1600 silver should be $100. The reason for the 16:1 GSR is that it was thought that gold was 16 times more precious than silver or that there is roughly 16 times more silver than gold. Great read here...check it Coinage Act of 1834 - Wikipedia, the free encyclopedia

So, I would encourage all of you stackers that are not complete convinced in the long term ramifications of silver to do some research, it's all out there. Because the other thing to remember that beside the "precious" aspect of silver. Silver is the only metal that has a antibacterial property that you can read about in history that we seem to have forgotten about as a society until recently. Next silver is the most conductive of electricity and has all kinds of industrial applications, cell phones, solar panels, computers, etc.

And unlike gold, the silver supply looses ounces every year because it is not cost effective to get the $.50 of Ag out of those cell phones until it gets shipped over seas and a poor Chinese guy works in a very toxic process to remove it.

Finally, I would point to the little brother relationship silver has to gold. Look at the news out of India. India stops imports of gold, they turn to silver. Thus the nickname for silver of "poor man's gold" People will instinctively will turn to silver when they wake up and want to get into precious metals and can't afford a $1300 1oz coin Vs. $30.

What happens when the masses find out there is no more gold in the west central banks don't have any gold Well that is indeed a topic for another day and another forum but I would encourage you to read up on the German central banks reclamation project to bring 50% of German's 3400 tones of gold back to the motherland. They came out and released this information on their website and stated that 45% of that 3400 tones was in NYC. Well in 2012 The good ol US gov. and the Germans reached reached an agreement that the US would ship out 150 tones a year back to the motherland. Well guess how many tones the german recieved from us in all of 2013? 5 tones and there was a report of lead filled gold bars in the mix but I digress.

So with all that said. Please tell me we will never see $100 silver? Better yet don't take my word for it go do your own homework and then tell yourself it won't go there. Best of luck to you all in your quest for Ag knowledge. Here are some references.

3 2 1 g o l d ... Welcome!
Butler Research LLC. | market information for serious observers of the silver and gold markets
The Monetary Metals Supply and Demand Report | Monetary Metals
News - GoldSilver.com
Commodity Trade Mantra 5 Factors That Will Push Silver to $250 an Ounce

 

[fistfulladirt]

Stevo - there are a couple facts there, but the rest is just pure speculation, and do you really believe that the masses care that there is no gold left?

 

[SilverFace]

I'm not able to speculate with any certainty about the short term prices of pm's but Im absolutely convinced that the economic fundamentals are incredibly bullish for all pm's in the long term. I have complete confidence in the true value of gold and silver because unfortunately I have no confidence in the value of the US dollar. Eventually more and more people are going to be forced to come to this realization as well. People are very collectivist by nature and tend to have a heard mentality. Once people begin to realize their misplaced faith in US dollars there will be an ever increasing demand for pm's which, unlike fiat currencies, have a true store of value.

 

[StevoCBR]

Stevo - there are a couple facts there, but the rest is just pure speculation, and do you really believe that the masses care that there is no gold left?

Please enlighten me as to which of my points is speculation? The GSR? The well-known manipulation of silver? It's industrial uses? It's "poor mans gold status? Please do tell.

And YES I believe that the masses or at least about half of us will wake up. See I don't think you really understand what is happening. in 1965 when we went to clad, people knew and where hoarding the silver coins and in fact there are reports of coin shortages. The fact that our generation and our parents generation have been living in a easy money, Dollar worlds reserve status. When the dollar looses that status and the Chinese stop buying are bonds... which Dec of 2014 the Chinese turned from a net buyer to seller selling of treasure bonds...aka our debt, selling a reported 50 billion in bonds in the month of Dec while you were worried about Christmas for your family. And if you don't know the implications of that you have some homework to do.

We were taken off the Gold reserve before I was born, I don't think that the masses fully understand yet. But I can tell you this, in my sphere of influence, many of my friends and co-workers have started buying and are starting to get it. This generation of US citizens has only known one way. American exeptionalism and our dominance in the world, and the strength of the dollar.....those days are numbered How long as gold and silver been looked at as a means for storage of wealth? What was Jesus betrayed for? People are naturally drawn to gold and silver, and have been since before Christ (BC)

I would encourage you to read, the facts are out there but don't listen to me. Seek the truth for yourself!

 

[jeff of pa]

the 2014 Silver eagles are selling for $25.00 each give or take
depending on source & Quantity
so I'm not sure what the Mint is Charging Dealers.

[FONT=Arial, Helvetica]Market Continues To Purchase All Allocated Silver Eagles From U.S. Mint

in my opinion, the Mint would not be selling them this low if they had any inkling prices will double
this year. & I do believe they know where prices will be throughout the year

Now in spite of This, Which again may be dealer BS

[/FONT][FONT=Arial, Helvetica] 2014 Is Going To Be One Hell Of A Year For Gold & Silver[/FONT]

My last prediction of $100.00 silver
in 2012 was wrong & prices of silver sank
& never recovered But I'm going to go out on a Limb and say is no change through 2014,
in spite of the fact I gave away & sold all my Silver holdings in the last 2 years.

and I'm still hoping for $3.00 silver




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[StevoCBR]

Jeff I think you give the bureaucrats to much credit on the fact of ASE prices. The fact is that they limiting ASE's to dealers and we have had haults in production due to sourcing issues.

2014 American Silver Eagles Limited in Sales Start | Coin News

 

[SilverFace]

and I'm still hoping for $3.00 silver

Wow, although I don't think that's likely to happen I would sure love that as well. I'd sell everything I own and burrow all I could as fast as I could to put all my eggs in that basket lol.

I also wish I had properly allocated my savings and investments into pm's back in 1999-2000. Had I have done so with the money I had then I'd already be well on my way to retirement today. If I'd had only known and understood then what I do now. But better late than never because fortunately for me (although unfortunately for most other Americans) the bull market in pm's still has a long way to go.

 

[zurc]

I've got a bar that I'll sell to anyone that wants it at 50% spot!!

If it's pure .999 silver, PM me details, I am interested :-)