Topic: Silver/USD is at its highest since 2013 - page 2. (Read 428 times)

I could tell you a story of the kettle and the pot but maybe you're going to pop a vein so I'll have mercy on you!

I will still take the time to remind you that's not nice to ask people questions and demand they answer when you don't do the same, but anyhow since I'm always in a good mood making fun of doomsayers and they completely lack knowledge of economics, I'll entertain you


They will pay it back just as they have served their debt forever, since unlike Russia and China which have debt lol in USD, nobody is asking the US to take debts in rubles or yuans, and most important if you get your nose from those doomsday clocks and things you will see that the ratio of US debt to GDP is on a continuous decrease for 3 constant years!
Also, if you stop to read Chinese and Russian propaganda you will see this:
https://www.livemint.com/economy/china-vs-america-us-gdp-rises-6-3-outpacing-chinas-4-6-to-become-world-s-biggest-economy-11706236229488.html

Since you love the talk about wars so much, when was the last time that a global power that held the dominant global currency was attacked and defeated on home soil or lost 70% of its resources and territory, an event that led to its demise?
So, 10, 30, 50 years...it all depends on when Canada decided to invade and defeat the US  
And seeing that Russia in Ukraine is progressing by 2.78 km2 per day, this will take about a few tens of million years.

Since continue with your false accusations, I have to respond to this post.


That's good to hear. I thought you were having a tantrum because you are posting a lot of those emojis. I don't really want to cause an heart attack over there.

^{[false accusation 1]}

That's what will happen if (pay attention to this word) the US loses the next world war. Do you think the loser will get away without getting any punishment? Whether the US will be the winner or the loser is another debate. I didn't say anything about the outcome of that war. So you are making it like I said that the US will certainly be paying its debt in CNY or RUB. No. That's one of the two possibilities.


I am dead serious. I don't care what you think of me though.

^{[false accusation 2]}

Nope. Just google what precious metals are and share the result with us here please. The population still thinks silver is a precious metal. I'd like you to show me the proof that says otherwise.


Again, the false accusation #1. I didn't say that's going to happen for sure. Having hyperinflation is also a potential outcome.

I don't know what's wrong with you but you act like your life depends on the well-being of the US. I don't think even the politicians in the US are as US-fanatic as you are. Have you seen the national debt of the US? Let me tell you, It is a lot. One way or another, that debt will be paid back. I already told you the possible scenarios, please don't make me repeat myself.

---

Since you like to continue, forget about the part above and please don't respond to it because there is no point in arguing with you further. I only want to hear one thing from you:

Just tell me what will happen next?

How will the US pay ~$35 trillion back? Do you think the US will be having trade surpluses any time soon? Will they sell their gold? What's the game plan?

Do you think the USD will keep being the world reserve currency? Is it sustainable? If so, for how long? 5 years? 10 years? 100 years? Forever? What's your guesstimate?

Let's talk the real stuff if you have anything to say.

Angry? You must be joking, I'm having a ton of fun!
Image, it's 2024 and somebody is posting on a forum that the US will be forced to pay its debt in rubles!
Common, not that Rick and Morty is on pause this is like the most entertaining thing on the internet!
And even funnier is that you're serious!


Exactly, and since you see it is performing worse than a thousand other options, seems like the population has decided that silver is just....meh!
I'm pretty sure it will do great when whatever you're seeing in your crystal comes true!

The USA will be forced to pay its dollar debt in rubles.....

Wow, judging by your angry response, I can see that my post hit a nerve pretty hard.

The good thing is, the world decide what is precious metal and what is not. Silver has been a precious metal for more than a few thousand years...

As for the rest of your comment, I don't see any point in continuing this debate with you.

When those assets that performed better are copper, aluminium and iron then sorry but the title of precious metal seems a bit of delusion!


Of course of course, and finally, in 2025 we will have the crisis that should have been in 214,2015,2016..
But it will for sure happen next year or do we have to wait again for 2035? Or 2045?


Good, tell me the price of bitcoin in USD, yuan, ruble and riyals without googling. 
Waking up my ass, half of the board here thinks the currency of China is the yen and you think they dislike dollars.


When you say rub you are talking about that toilet paper that got devalued three times and that has its CB with a rate 3 times higher than the US?
The same superpower that is in a special operation for 3 years and half a million soldiers lost? 

You are right, silver performed very badly if you bought it in 2011. However that's also cherry picking because not everybody bought silver from $50. Some people bought it at $15 too. These people made serious profits.

There are indeed many other assets that performed a lot better than silver. That's why people should diversify their portfolios into different assets and look for opportunities all the time. $15/ounce was a great opportunity.


Inflation is going down only temporarily. It won't be permanent. Let's see what will happen when Powell lowers the rates again. It will be fireworks. The markets are already making new tops because they know that Powell is a chicken and the rates will soon go down.

The dollar isn't really much different than any other FIAT currency. The only difference is, the US is great at promoting their shit currency. The marketing department of the USD is excellent but China, Russia, Saudi Arabia and the other countries that have enormous commodity reserves are slowly waking up from the illusion: The USD is crap.


Germany lost the war. That's why they paid their debts in USD.

 If there will be another world war, the US has to win it to erase their debts. That's the one of the exits for the US & USD as I explained above. (the other is hyperinflation) If they lose, they'll pay their debts in RUB or CNY probably. Guess who prints those.

Not to mention that Gold, you can swap that against goods in case of a currency failure, observed it was in Zimbabwe, Venezuela.

But is also 33% lower than 2011...
So basically if you have invested in anything else, forget bitcoin on Nvidia or real estate you would have been way better than holding silver.


Then why is inflation going down and why if the dollar should die are the currencies of the alternatives like the ruble the rupiah or the rial going down the drain against it? If the $ is going do be evaluated why is it strengthening against others? 


Germany had to pay its debt in $, Germany couldn't print $, the US does. 

I would also choose gold instead of holding silver. Silver has had impressive gains recently, but that doesn't mean it will continue to maintain those gains. Not to mention, thousands of years have passed but why has silver never equaled or surpassed gold? So there's no reason for me to move into silver just because it's up over 32% in the past year, and if I remember correctly, gold is up over 25% in the past year as well. If comparing these two assets, gold is clearly still the better choice because it is safer. Just like we compare bitcoin with ETH, ETH will definitely bring better returns than bitcoin in the upcoming bull season, but why do many people still choose bitcoin and not ETH?

Yeah it's like the lion who is attacked with full opposing force and whenever a lion gets hurts he takes many with him to death. UsD has rules over Years and it will not go down that much easily that the middle eastern countries are thinking off.

There could be a high possibility of ww3 but America is not in a position to do it till now especially against the oppositions like China and Russia.

Iam very happy to hear silver is higher because Ive been stuck in some of the largest mining company shares for quite a few years.   Its very easy to own this resource but struggle vs costs and long term investment capital requirement and still not make half the money that was hoped for.

Its not an easy market for sure, we are seeing inflation in the market now and for years past imo it will continue for years into the future also.  It appears some positive here but its also a failure

Good for those that have brought some silver but even at their highs right now, I don't think that it's ever enough for me to convince that the prices for this precious metals going is ever going to go up anytime soon, I'm pretty sure that it won't be able to beat bitcoin anytime soon. It's not really advisable to hoard gold, silver, or any precious metals because they're difficult to store and in dire situations where there's still a government in existence, they'll definitely seize those because they're going to need to keep up the government and what better way to get money than to sell precious metals that's either from the vault of your country or seizures from the people in their domain.

Food prices went up everywhere.
Don't forget to look further, if you don't you might develop a tunnel vision.

Gold and Silver are pricing the incoming interest rate drops. Meaning; People are increasing their positions in precious metals (and bitcoin) to front run the hyperinflation scenario which is expected to happen in the near future after the FED drops the interest rates.

Remember, the markets are always future looking. That's what we are seeing here. People expect high/hyperinflation and that's why the commodity prices are hot. Stocks are moving upwards too. Especially commodity&mining stocks.

I don't think the US people will be using Mexican Pesos or Canadian Dollars. They ain't much different than the USD unless I am missing something. The currencies which are backed by production power & commodity possession are the powerful FIAT currencies. Combine this currency with a country that has huge trade surpluses, and then you'll see which countries are actually winning.


https://www.statista.com/statistics/256642/the-20-countries-with-the-highest-trade-surplus/

EURO is an abomination. As you can see above; Germany, Norway and the Netherlands are doing the hard work while the others do the leeching. If EURO was only used by Germany, Norway and the NL (and maybe France since it has some real economy), then it would be a strong af currency but not in its current state. It is crap as it is.

Yep, unless there's a WWIII or the US performs some kind of financial wizardry, it seems inevitable that US citizens are going to be using Canadian dollars or Mexican pesos (or maybe euros) as their preferred currency.  But somehow I have a feeling that none of those things are probable except for a war--and that's frightening.

With regard to silver and gold, I'm not sure their recent rise is tied to deteriorating economic conditions.  That could be the case, but if you remember the years leading up to 2011, it was really just speculation that drove gold and silver to all-time highs (though silver had reached $50 in the 1980s because of the Hunt brothers if I'm not mistaken).  That might be what's happening now, because asset prices have been rising across the board for some time now, with metals (including copper, too) lagging stocks and crypto for years.

Meh, I would rather keep money on Bitcoin and gold, no other precious metal is allowed in my portfolio. Let it rise, not interested in in any of that rise just in case you have not been holding silver all this while, in which case you should sell and dump to get back some profits.

You never know how this rise might change course. It might drop down which would make it a poor choice to buy at the high, it might rise more which is also possible. Metal lovers might have some opinions on the cause but it all ends up with zero correlation.

In case someone reading has never invested in silver, dont start it now. Its the golden rule, dont buy at the top, sell at the top.

Probably why a lot of financial advisors nowadays are asking us to be on the lookout for bitcoin, silver and gold lol (looking at you Robert Kiyosaki). What surprises me though is why silver is outpacing gold. At the very least besides the cosmetic and aesthetic applications of gold it has its uses in the tech and silicon industry, which in theory should consistently shoot up its price, and it should coincide with crypto too cause at the end of the day, mining is directly tied to the computing power of a system, and this is heavily reliant on the quality of silicon and gold that is used to create it.

And yet here we are, silver outpacing gold for some reason. Abundant supply, not that much of an application besides industrial and aesthetics, could it be that people think they can't put a stake on gold anymore since it's that priced highly, and so twitter degens are ape-ing on silver thinking it's the second-best, which causes this massive pump and trend?

Can't say for sure, but all this means is that I have to buy more silver now, and really diversify my money beyond just crypto and real estate as it seems lol.

Silver is like Ethereum Classic that will get effects from Ethereum bull run and silver will get positive effects from gold bull run.

I believe these precious metal prices have their correlation like this so don't think that silver will have its bull run if gold does not have a bull run. Recent months, gold has very good bull run that stimulates silver to start its bull run too.

Gold reserves by country
https://wisevoter.com/country-rankings/gold-reserves-by-country/#map

The Dual Power Of Gold And Copper In Today’s Global Economy
Central banks globally have increasing big demands to purchase gold recent months.

Silver is really hard to judge over gold because its supply is too large not to be influenced by industrial usage, if the economy wanes then the silver price can be weaker then expected.   I think it will be ok in future but its still finding its place in the world since normal film died down which was a large section of demand apparently.  We dont want it for cutlery and its not likely to be common coinage again even if we want it to be, because coins themselves arent going in the right direction usage wise.

There are more efficient avenues then returning to pieces of silver and the most reliable path of least resistance to predict in human behavior and demand is via efficiency and anything that makes the world easier.  Most of the recent silver gains are relative to gold breaking new highs and generally gaining since early 2019 which is when I expected that the confirmation of the 2011 decline might be finalized hence new highs now.

It is underpriced af that’s why people are hoarding it. I don’t think there are many commodities that haven’t reached its last ATH recently. Silver is one of those rare assets. It hit $50 in 2011, then crashed and it hasn’t been recovered from that crash ever since.

Gold made a new ATH and went above $2400 but silver is still struggling. If you check the historical gold/silver ratios, you’ll see that either silver is cheap or gold is expensive. Since gold isn’t expensive, it means silver is cheap.

That’s a sure bet.