Analysis of silver charts over time

[Coppercrazy]

I know that a lot of you are in this for silver, but I never really looked at silver like this until I read an article on Bitcoin/litecoin, since I was thinking about buying. I just thought I would share. Do you think we have reached that mean point or not yet? I will say that I believe a lot of us, including myself, we're blindly putting our faith in silver (CRH) over the past years, and it has helped and hurt us in many ways. I am very interested to see what you guys think. I look at silver a lot differently now to be honest.









Bitcoin chart if anyone is interested in it or has investments in the currency. Please no one ask what it is, just look it up.

 

[ArkieBassMan]

Trying to predict a market that is controlled by manipulation and speculation is impossible. Proceed with caution.

 

[Jav]

All I know is put some silver on ebay and it sells so fast and for good prices!

 

[maverick]

I will keep stacking it, at the very worst case, it would still be worth face value, so for me, I'll keep collecting. It will rise again, it's not like our economy is going to straighten out, IMO it's just going to get worse and worse, that's when we'll see our hoard start paying off, or I could be totally wrong, Like Arkie said, ya never really know. HH, Maverick.

 

[SilverFace]

I have complete confidence in the true value of silver and other precious metals and absolutely no confidence in the value of the U.S dollar.....thanks mainly to the Federal Reserve policies of the past 100 years which have completely destroyed the value of the dollar. I know silver has sold off a lot since the highs of 2 1/2 yrs ago but the real risk is owning any U.S dollar dominated assets so I personally feel confident owning the precious metals I have.....I just wish I had more of them. Imo bit coins r just another form of fiat money because they have no intrinsic value. I think its a speculative pyramid game where those people that got in early r able to make some money but the last people owning them r likely going to be sorry and wishing they had bought something real like gold or silver instead.

It's just a matter of time b4 the rest of the world wakes up to reality and our creditors stop buying our bonds and pegging their currencies to the U.S dollar and allow the value of their own currencies to rise and stop sending us their goods that we can only pay for with worthless credit now. The Fed can't keep interest rates artificially low forever and when interest rates finally start to rise the bond market bubble will explode and the U.S. dollar will lose its status as the worlds reserve currency when the price of the dollar falls through the floor and the price of gold and silver explodes through the ceiling and even $50 oz silver will look like a low point on the charts when silver is in the triple digits.

The continued failed monetary and fiscal policies of this country and just a simple understanding of basic economics and sound money r all that I need to have complete confidence in the value of silver. I guess u could call me silver crazy....but IMHO for good reason.

H$H!

 

[jamesandsons]

The really interesting view of silver is to look at it over several decades adjusted for inflation. Looks a lot different that way - a lot flatter over time.

 

[Coppercrazy]

The really interesting view of silver is to look at it over several decades adjusted for inflation. Looks a lot different that way - a lot flatter over time.

I'm trying to find a chart on this and post it, but I can't find one. I may try to make one.

 

[Coppercrazy]

I kind of wonder what percentage of silver that has been mined is actually used for industrial or jewelry purposes. I feel like most silver is actually just held by people as a store of value. If that was the case wouldn't that mean silver only has value because we have faith that it has value? If everyone woke up tomorrow and decided silver wasn't worth anything, wouldn't that make it lose almost all of its value?

 

[baddbluff]

I don't know what will happen with the precious metal market - it is very unpredictable.

But I think what will happen to our currency & economy is VERY predictable if we continue on our current course. It makes me sick to see the fiscal irresponsibility that is so blatant today in Washington. There is a complete lack of moral conscience by those who refuse to make any attempt to balance the budget. I see no other motive on their part aside from getting re-elected by the growing majority of lazy, entitled Americans, who don't give a rat's --- what happens to the economy (little do they know that if the economy collapses, their gov't checks will stop too). Just please get out and vote. Educate those around you. That's all we can do.

As for stacking silver, I love to find it, but I hate to hold it since its so volatile. I sell it as I go and buy rare coins.

 

[SilverFace]

I kind of wonder what percentage of silver that has been mined is actually used for industrial or jewelry purposes. I feel like most silver is actually just held by people as a store of value. If that was the case wouldn't that mean silver only has value because we have faith that it has value? If everyone woke up tomorrow and decided silver wasn't worth anything, wouldn't that make it lose almost all of its value?

What gives silver its value its both its industrial uses and its scarcity. Paper dollars have no scarcity that's why they are used - because our government and The Fed have no discipline. That's why the government took us off the gold standard in 1971 - because the gold standard was too much of a restriction on government spending. And history is important too. Gold and silver have been used as money for thousands of years because people have always had faith in it as a store of value. Fiat currency/money has never worked in history and it wont now either. Our own U.S Constitution even declares gold and silver as money because the founders of this country obviously understood the history and importance of sound money and they knew the dangers of fiat currency/money.

Imo there is every reason to have faith in precious metals and no reason to have faith in the U.S. dollar.....unfortunately.

 

[jamesandsons]

I'm trying to find a chart on this and post it, but I can't find one. I may try to make one.

Gold and Silver Prices - 100 Year Historical Chart | MacroTrends

This is in January 2012 dollars.

 

[Dozer D]

I'm trying to find a chart on this and post it, but I can't find one. I may try to make one.

Go to the web site: GoldPrice.org
It will give historical prices of both gold & silver; it is self directional that will walk you thru various info. Very interesting info .

 

[jamesandsons]

Here's just silver without the gold, starting in 1964.


Basically what this tells me is that if you squirreled away silver coins (without numismatic value) in 1964, and didn't sell high during the 1980 peak or the 2011 peak, you've only doubled your investment value in 40 years (in real spending value).

 

[SilverFace]

Well the important thing to remember is 90% silver coins were still minted and issued and used at fv in 1964. So even with the correction in silver prices lately 90% silver coins are still worth about 14 x fv today.

 

[jamesandsons]

Well the important thing to remember is 90% silver coins were still minted and issued and used at fv in 1964. So even with the correction in silver prices lately 90% silver coins are still worth about 14 x fv today.

Silver was $1.29 an ounce in 1964, slightly less than face value of $1.40/oz. According to the chart, that equates to about $9.50/oz in 2012 dollars. $1.40 worth of silver coins in 1964 had the equivalent buying power then that $9.50 has today. So the current junk silver value of those 1964 coins at $20/oz is roughly 2.2x the value they had as spending cash in 1964 when adjusted for inflation.

Compare that to $1.40 in 1965 clad coins stored away in a drawer. The value of those coins in 1965 had the buying power equivalent to $9-$10 in today's money. Pull them out of the drawer today, and they have a value of... $1.40 (assuming circulated coins with no numismatic value).

You gotta put your money to work and beat inflation. Holding on to silver at face value has beat inflation over the years, but not by a ton. Over the long haul you'd do much better to have put $1.40 in the stock market, or even a renewing CD, in 1964 than to hold on to the silver coins.

None of this has much bearing on the fact that it is awesome when we score CRH silver at face value. Just something to think about in terms of how to think about your stacks over the long-term.

 

[CW3(ret) US Army]

I have complete confidence in the true value of silver and other precious metals and absolutely no confidence in the value of the U.S dollar.....thanks mainly to the Federal Reserve policies of the past 100 years which have completely destroyed the value of the dollar. I know silver has sold off a lot since the highs of 2 1/2 yrs ago but the real risk is owning any U.S dollar dominated assets so I personally feel confident owning the precious metals I have.....I just wish I had more of them. Imo bit coins r just another form of fiat money because they have no intrinsic value. I think its a speculative pyramid game where those people that got in early r able to make some money but the last people owning them r likely going to be sorry and wishing they had bought something real like gold or silver instead.

It's just a matter of time b4 the rest of the world wakes up to reality and our creditors stop buying our bonds and pegging their currencies to the U.S dollar and allow the value of their own currencies to rise and stop sending us their goods that we can only pay for with worthless credit now. The Fed can't keep interest rates artificially low forever and when interest rates finally start to rise the bond market bubble will explode and the U.S. dollar will lose its status as the worlds reserve currency when the price of the dollar falls through the floor and the price of gold and silver explodes through the ceiling and even $50 oz silver will look like a low point on the charts when silver is in the triple digits.

The continued failed monetary and fiscal policies of this country and just a simple understanding of basic economics and sound money r all that I need to have complete confidence in the value of silver. I guess u could call me silver crazy....but IMHO for good reason.

H$H!

+1 I think you hit it right on the button. Just keep stacking.

HH
Gary

 

[CW3(ret) US Army]

What gives silver its value its both its industrial uses and its scarcity. Paper dollars have no scarcity that's why they are used - because our government and The Fed have no discipline. That's why the government took us off the gold standard in 1971 - because the gold standard was too much of a restriction on government spending. And history is important too. Gold and silver have been used as money for thousands of years because people have always had faith in it as a store of value. Fiat currency/money has never worked in history and it wont now either. Our own U.S Constitution even declares gold and silver as money because the founders of this country obviously understood the history and importance of sound money and they knew the dangers of fiat currency/money.

Imo there is every reason to have faith in precious metals and no reason to have faith in the U.S. dollar.....unfortunately.

Unforunately it's worse than that. It was President Franklin D Roosevelt who took us off the gold standard in 1933 during the depression. He also ordered the confisication of privately owned gold coins at the same time. It was illegal for Americans to own gold coins until the early 1970s. All Americans could do is own gold jewelry. Our money became truely backed by the full faith & credit of the US govt in the 1960s when they stopped redeeming the silver certificates for silver & only issued the Federal Reserve notes. Our currency is becoming worth less day by day. Keep stacking.

HH
Gary