What's new
By:

Silver may drop to $20 by 2014

LMAO diggemmup, one thing that they didn't mention in that article was the manipulation in the market which is holding back the PM's. I for one believe Silver is really going to take off when the Derivatives Market Collapses which is going to be soon. As Jim say's Just My Opinion.
 

Well, I for one am in it for the long haul. If it hits $40 again, I will probably unload. Until then i'll sit back and watch and continue to buy whenever I can afford too.
 

I disagree with that price projection. The only way silver will be that low in 2014 is if all the problems with the euro, the dollar, the national debt, etc etc are fixed. Anyone think that is going to happen? The rise in silver that I believe will happen either later this year or in 2013 is not related to silver's many industrial uses and demand for such, but instead is tied to silver's past role as a storage of monetary value, and that it will ride gold's coat tails and probably eclipse gold's rise percentage wise as things heat up.

There are many world events that seem to be heading to a boiling point in the near future. I personally believe we will see another big bank failure this year like in 2008 that might cause PM's to fall along with stocks. Perhaps we could see paper silver at 20 this year (I wish it would happen so I could buy more cheaper), but by 2014 PMs will be the in thing if not much earlier.

And of course, just my opinion. :icon_thumright:

Jim
 

As Marchas said, with the derivatives market being unregulated as it is, the bubble will eventually burst, it's simple physics. I found the article amusing and figured I'd post it to get some commentary going. As for the banks, I agree, all the major banks in this country are teetering on the edge of a cliff in a windstorm, one good gust and they will fall. I'm just wondering who is going to be first. Thanks to Dodd-Frank and the Obama admin., we the taxpayers will be responsible for future bailouts of failed derivatives, not those actually responsible for the mess. Get ready, they aint using any grease.
 

diggummup said:
As Marchas said, with the derivatives market being unregulated as it is, the bubble will eventually burst, it's simple physics. I found the article amusing and figured I'd post it to get some commentary going. As for the banks, I agree, all the major banks in this country are teetering on the edge of a cliff in a windstorm, one good gust and they will fall. I'm just wondering who is going to be first. Thanks to Dodd-Frank and the Obama admin., we the taxpayers will be responsible for future bailouts of failed derivatives, not those actually responsible for the mess. Get ready, they aint using any grease.
Click to expand...


Diggumup,

I am not so sure that the gov will be able to bail out the banks if/when the derivative mess collapses. I would agree that they would if they could, but the alleged amount of outstanding derivatives is amazingly high. I have attached a link below to an interesting site that talks about how much outstanding derivatives exposure that 9 large banks here in the US have.

I don't know if the stated numbers and other alleged facts regarding the banks they list are accurate, but if they are correct, the losses could be several multiples higher than our current national debt. There are some very cool graphics too in the article that display how much cash would make up the amount of derivatives involved. Also gives a good explanation of what a derivative is.

Thus, in my opinion, if/when the derivatives implode, it will require a complete makeover of our and the world's financial system, and perhaps require the creation of a new currency here. It won't be pretty. Whether or not PMs will even protect a person in such a situation remains to be seen, but I am betting that they will.


Derivatives - The Unregulated Global Casino for Banks


Jim
 

Last edited:
Economy great = precious metals are low.

Economy bad = precious metals are high.

We are losing 4 BILLION a day in interest on our national debt.

I have little faith...and others feel the same. Hold onto your metal if you afford to would be my advice.
 

Well it dropped to $20 guys. lol
 

You can lose a fortune lookin back
 

silver and gold will continue down, market up
 

sell now and buy mutual funds
 

You must log in or register to reply here.

A video to cheer up us silver bugs

⬅️ Previous Thread

Buying gold - Lowest prices paid

Next Thread ➡️

Top Member Reactions

Similar threads

C
  • Suggestion Suggestion
Have silver halves dried up in PA
Replies
7
Views
1K
Ben Cartwright SASS
Ben Cartwright SASS
jeff of pa
Can silver be uses as payment?
Replies
6
Views
708
Bucket Lister
Bucket Lister
tnt-hunter
  • Suggestion Suggestion
End of the year totals for year number 22
Replies
15
Views
904
Digger RJ
Digger RJ

Users who are viewing this thread

Total: 1 (members: 0, guests: 1)
Serious Detecting

Latest Discussions

Back
Top Bottom