Will silver ever skyrocket? - page 2.

zeze18

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Quote from: Jikalau on May 28, 2017, 10:27:13 PM

It is unlikely that silver prices will skyrocket.

People must be dominated to gold to invest rather than silver.

There is a possibility that price of silver could skyrocket if investors invested in silver and could boost popularity of silver itself which of course price of silver would gradually rise.
Although silver trade seems sluggish when compared with bitcoin trade that does have significant price fluctuations

Jikalau

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It is unlikely that silver prices will skyrocket.

People must be dominated to gold to invest rather than silver.

freeyourmind

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Quote from: deisik on May 27, 2017, 06:13:29 AM

Quote from: freeyourmind on May 25, 2017, 02:08:42 PM

Quote from: deisik on May 25, 2017, 05:02:00 AM

You can't issue more paper gold than traders are willing to buy

This is a rule of thumb which derivatives markets (i.e. exchanges) typically follow. Indeed, you can claim that you can buy all this paper gold yourself via phony traders at lower prices (thus driving the price of both metal and paper gold down), but this is a very dangerous endeavor for you since by artificially lowering prices you may cause a massive run for physical metal (i.e. sell more physically-settled futures than in you have gold in your vaults). And if you can't fulfill your obligations following from these contracts, you risk going bust and sued in courts for violation of your promises. This is not so when you bid the price up (i.e. artificially raise the price), therefore paper gold may actually contribute to higher gold prices overall quite contrary to what gold bugs are typically claiming

From what I understand, it is possible to do a naked short sell, meaning you are selling gold that you do not have. That definitely does influence the price of gold. Especially when you can sell an unlimited amount. And yes I agree if there becomes demand for physical deliveries, the whole gold pricing system would collapse. But in the same way when a US dollar was backed by gold, no one requested to take delivery on the gold, and the bank note was enough...it continues to be that way with gold paper contracts. Perhaps if there's a massive currency crisis, it would expose this. There are individuals that buy and store physical gold and silver, but a very small % of the population

Have you ever heard about the Nixon Shock?

The shock part of it basically came down to the cancellation of the US dollar convertibility to gold. Why do you think the Nixon part of the shock chose to divorce gold from the dollar? Because whole countries (France was the first) demanded the US government to redeem their dollars for genuine gold. It is the same with naked shorts, you drive the price down, and, quite naturally, demand goes up. It is possible to see how many contracts are open, and you can fool no one with naked short sells. Apart from that, short selling can kill you pretty fast since your possible profits are limited while losses are virtually unlimited (in effect, until you run out of money to support your position)

Well Nixon chose to come off the gold standard...I haven't heard of the term "Nixon Shock" though. He wanted mass stimulus before the election to be re-elected, and that type of monetary expansion I guess wasn't possible with the gold reserve they had at the time.

It wouldn't be an individual with naked shorts taking losses. It would be coming from the banks and federal reserve, since the price of gold is an indicator of the strength of the US currency. The banks and federal reserve have an almost unlimited money supply...and losing even a couple billion on gold contracts is worth preserving the health of their bullshit fiat currency, which they can create out of thin air.

deisik

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Quote from: freeyourmind on May 25, 2017, 02:08:42 PM

Quote from: deisik on May 25, 2017, 05:02:00 AM

You can't issue more paper gold than traders are willing to buy

This is a rule of thumb which derivatives markets (i.e. exchanges) typically follow. Indeed, you can claim that you can buy all this paper gold yourself via phony traders at lower prices (thus driving the price of both metal and paper gold down), but this is a very dangerous endeavor for you since by artificially lowering prices you may cause a massive run for physical metal (i.e. sell more physically-settled futures than in you have gold in your vaults). And if you can't fulfill your obligations following from these contracts, you risk going bust and sued in courts for violation of your promises. This is not so when you bid the price up (i.e. artificially raise the price), therefore paper gold may actually contribute to higher gold prices overall quite contrary to what gold bugs are typically claiming

From what I understand, it is possible to do a naked short sell, meaning you are selling gold that you do not have. That definitely does influence the price of gold. Especially when you can sell an unlimited amount. And yes I agree if there becomes demand for physical deliveries, the whole gold pricing system would collapse. But in the same way when a US dollar was backed by gold, no one requested to take delivery on the gold, and the bank note was enough...it continues to be that way with gold paper contracts. Perhaps if there's a massive currency crisis, it would expose this. There are individuals that buy and store physical gold and silver, but a very small % of the population

Have you ever heard about the Nixon Shock?

The shock part of it basically came down to the cancellation of the US dollar convertibility to gold. Why do you think the Nixon part of the shock chose to divorce gold from the dollar? Because whole countries (France was the first) demanded the US government to redeem their dollars for genuine gold. It is the same with naked shorts, you drive the price down, and, quite naturally, demand goes up. It is possible to see how many contracts are open, and you can fool no one with naked short sells. Apart from that, short selling can kill you pretty fast since your possible profits are limited while losses are virtually unlimited (in effect, until you run out of money to support your position)

bit1

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Quote from: g___ on May 26, 2017, 12:11:12 PM

Quote from: BitHodler on May 26, 2017, 06:35:15 AM

Long term speaking, the price will surely grow

i believe so.

a few years ago, jp morgan chase bought something like 200 million oz of physical silver. jp morgan is the largest full service investment bank in the entire world. as entire markets are rigged, suppressed, and controlled by only a handful of people/companies, i wonder what they know/are preparing for???

Maybe they just diversified their portfolio and that's why they decided to buy that large amount of silver and much more because it's cheap, at some point the price could skyrocket, but many years may pass from those that have already passed and maybe even some investor could never see the profits in his entire life, for example silver often takes decades to see significant changes in price, perhaps the benefit is for those who trade large quantities of ounces, nobody would think about getting rich with one or two ounces only.

Bacotan Bae

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Quote from: ariie on May 26, 2017, 06:46:48 AM

I think for silver investment is still very doubtful because silver price is still too cheap,Maybe the silver price can skyrocket, but it will not last long, gold investment is promising in difficult times.

I think it depends on the interest of the peoples and exchanger market, it was the second silver after gold but I think the market will still be welcome as well.

g___

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Quote from: BitHodler on May 26, 2017, 06:35:15 AM

Long term speaking, the price will surely grow

i believe so.

a few years ago, jp morgan chase bought something like 200 million oz of physical silver. jp morgan is the largest full service investment bank in the entire world. as entire markets are rigged, suppressed, and controlled by only a handful of people/companies, i wonder what they know/are preparing for???

European Central Bank

legendary

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if it was going to rocket, i think it would have done so by now considering it's had a few thousand years to get ready.

the guys who tell you it's going to rocket are, weirdly enough, usually trying to sell you something.

ariie

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I think for silver investment is still very doubtful because silver price is still too cheap,Maybe the silver price can skyrocket, but it will not last long, gold investment is promising in difficult times.

BitHodler

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Quote from: ivanpoldark on May 26, 2017, 04:39:50 AM

Silver is the second main investment tool after gold. Because silver broadly used in high tech industry, and worlds fossil resources cannot be increased, but only reduces, i think the price of silver in distant future will definitely grow.

Silver is the poor man's gold. If you look at how it has been performing in the last 5 years, then you really start to feel sorry for people that entered the market back then.

But if you look at how the price has been doing from the year 2000, then it has proven to be a more than solid investment, and at the same time a solid store of value.

Long term speaking, the price will surely grow, but if I look at the available options right now, and then namely Bitcoin itself, I will not waste any time on precious metals. It's a waste of time, period.

AK47-

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Silver has long to go before it reaches $1000 an ounce. For silver price to boom, gold price need to skyrocket. I feel it is next to impossible as for now. The highest being just $50 in 2011 i.e. not even a triple digits. I would say the current cost curve doesn't support this price. And regarding that inflation part, gold and silver has very less to do with that. Usually prices can go up in both the conditions. So, only inflation doesn't follow the hike in price. It can be deflation too. Or I would say it hardly matter.

Awesomist

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Once gold starts to go up (as someone said when inflation hits) silver will bounce up as well but at least twice harder.

ivanpoldark

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Silver is the second main investment tool after gold. Because silver broadly used in high tech industry, and worlds fossil resources cannot be increased, but only reduces, i think the price of silver in distant future will definitely grow.

LevshaK1

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Quote from: asylum1 on May 18, 2017, 10:27:34 AM

people say it will go to one thousand dollars an ounce or more but if it showed signs of going that high tech companies would likely switch to cheaper metals as alternatives and phasing silver out. it probably would not sky rocket for that reason alone.

i think so many people have silver that if it did go up to one thousand dollars an ounce it would cause economic inflation.

am i mistaken or did i miss something?

I do not think that silver will rise too fast in price, for this there is no special reason. It must become limited in quantity in order to gain immense value.

betlord90

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Quote from: BartS on May 25, 2017, 09:55:10 PM

Quote from: asylum1 on May 18, 2017, 10:27:34 AM

people say it will go to one thousand dollars an ounce or more but if it showed signs of going that high tech companies would likely switch to cheaper metals as alternatives and phasing silver out. it probably would not sky rocket for that reason alone.

i think so many people have silver that if it did go up to one thousand dollars an ounce it would cause economic inflation.

am i mistaken or did i miss something?

It depends silver is getting rarer but one of the things that happen is that no one is mining silver, because it is so cheap, silver is mostly a byproduct of other mining operations at the moment, so if the price of silver gets higher because of lack of supply then the miners of the world will do their best efforts to get silver so I have my doubts silver is going to skyrocket.

Maybe we can't see for now that price of silver having some high jumps but surely in future as you said if the supply of it will be limited for sure the price of silver will increase, remember its physical commodities wich is usefull on other aspect of life so theirs no doubt that this one will go to its best level.

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

Quote from: BartS on May 25, 2017, 09:55:10 PM

Quote from: asylum1 on May 18, 2017, 10:27:34 AM

people say it will go to one thousand dollars an ounce or more but if it showed signs of going that high tech companies would likely switch to cheaper metals as alternatives and phasing silver out. it probably would not sky rocket for that reason alone.

i think so many people have silver that if it did go up to one thousand dollars an ounce it would cause economic inflation.

am i mistaken or did i miss something?

It depends silver is getting rarer but one of the things that happen is that no one is mining silver, because it is so cheap, silver is mostly a byproduct of other mining operations at the moment, so if the price of silver gets higher because of lack of supply then the miners of the world will do their best efforts to get silver so I have my doubts silver is going to skyrocket.

Other than mining/industrial demand aspects, there is one big support for silver which must be considering it as store of value similar to gold investments. It is being followed worldwide. But obviously it is interlinked with the industrial demands for silver but we cannot be sure which one will be triggering silver to skyrocket.

Probably when gold will be skyrocketing, we can expect silver to start its rally. But as of now gold is not as hot as how bitcoin is attracting investors. So, in near future too silver may remain cold.

BartS

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Quote from: asylum1 on May 18, 2017, 10:27:34 AM

people say it will go to one thousand dollars an ounce or more but if it showed signs of going that high tech companies would likely switch to cheaper metals as alternatives and phasing silver out. it probably would not sky rocket for that reason alone.

i think so many people have silver that if it did go up to one thousand dollars an ounce it would cause economic inflation.

am i mistaken or did i miss something?

It depends silver is getting rarer but one of the things that happen is that no one is mining silver, because it is so cheap, silver is mostly a byproduct of other mining operations at the moment, so if the price of silver gets higher because of lack of supply then the miners of the world will do their best efforts to get silver so I have my doubts silver is going to skyrocket.

freeyourmind

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Quote from: deisik on May 25, 2017, 05:02:00 AM

Quote from: freeyourmind on May 24, 2017, 07:59:33 PM

Quote from: mindrust on May 21, 2017, 08:48:04 AM

Silver and Gold are both being used in Industrial applications (silver mostly) but they also have a value of storage. (hedge against the FIAT system)

Copper or Iron don't have that storage value unlike gold, they are only being used as Industrial materials. So, average people don't buy copper/iron coins and bury them in their yard. (not to mention, they are common as fuck)

But, Average people demand gold/silver. Industry also needs it. This huge combined demand alone should skyrocket gold/silver prices to the moon. But it is not. Why?

Because the prices are being manipulated by the derivative markets. If they become too valuable for the industrial purposes, factories may run out of business. Can't let that happen. So they want us to believe that they ain't worth shit. Most of us clever enough to see that it's not the truth so we take advantage of their stupidity and buy PM's.

I agree with you. The price of precious metals are dictated by paper contracts. Meaning you can influence the price of gold or silver without having any. And the paper contracts represent far more gold and silver than what physically exists. Unless people demand their gold and silver in physical delivery, the true value will not be reflected in the price

You can't issue more paper gold than traders are willing to buy

This is a rule of thumb which derivatives markets (i.e. exchanges) typically follow. Indeed, you can claim that you can buy all this paper gold yourself via phony traders at lower prices (thus driving the price of both metal and paper gold down), but this is a very dangerous endeavor for you since by artificially lowering prices you may cause a massive run for physical metal (i.e. sell more physically-settled futures than in you have gold in your vaults). And if you can't fulfill your obligations following from these contracts, you risk going bust and sued in courts for violation of your promises. This is not so when you bid the price up (i.e. artificially raise the price), therefore paper gold may actually contribute to higher gold prices overall quite contrary to what gold bugs are typically claiming

From what I understand, it is possible to do a naked short sell, meaning you are selling gold that you do not have. That definitely does influence the price of gold. Especially when you can sell an unlimited amount. And yes I agree if there becomes demand for physical deliveries, the whole gold pricing system would collapse. But in the same way when a US dollar was backed by gold, no one requested to take delivery on the gold, and the bank note was enough...it continues to be that way with gold paper contracts. Perhaps if there's a massive currency crisis, it would expose this. There are individuals that buy and store physical gold and silver, but a very small % of the population.

kelseydustin

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they are too stable and I do not think that they can increase the price anymore. The only reason why gold and silver keep increasing the price is that the inflation exists and government can print as much paper money as they want

deisik

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Quote from: freeyourmind on May 24, 2017, 07:59:33 PM

Quote from: mindrust on May 21, 2017, 08:48:04 AM

Silver and Gold are both being used in Industrial applications (silver mostly) but they also have a value of storage. (hedge against the FIAT system)

Copper or Iron don't have that storage value unlike gold, they are only being used as Industrial materials. So, average people don't buy copper/iron coins and bury them in their yard. (not to mention, they are common as fuck)

But, Average people demand gold/silver. Industry also needs it. This huge combined demand alone should skyrocket gold/silver prices to the moon. But it is not. Why?

Because the prices are being manipulated by the derivative markets. If they become too valuable for the industrial purposes, factories may run out of business. Can't let that happen. So they want us to believe that they ain't worth shit. Most of us clever enough to see that it's not the truth so we take advantage of their stupidity and buy PM's.

I agree with you. The price of precious metals are dictated by paper contracts. Meaning you can influence the price of gold or silver without having any. And the paper contracts represent far more gold and silver than what physically exists. Unless people demand their gold and silver in physical delivery, the true value will not be reflected in the price

You can't issue more paper gold than traders are willing to buy

This is a rule of thumb which derivatives markets (i.e. exchanges) typically follow. Indeed, you can claim that you can buy all this paper gold yourself via phony traders at lower prices (thus driving the price of both metal and paper gold down), but this is a very dangerous endeavor for you since by artificially lowering prices you may cause a massive run for physical metal (i.e. sell more physically-settled futures than in you have gold in your vaults). And if you can't fulfill your obligations following from these contracts, you risk going bust and sued in courts for violation of your promises. This is not so when you bid the price up (i.e. artificially raise the price), therefore paper gold may actually contribute to higher gold prices overall quite contrary to what gold bugs are typically claiming

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