Will silver ever skyrocket? - page 3.

freeyourmind

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Quote from: mindrust on May 21, 2017, 09:48:04 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.

Now with crytocurrencies available as an alternative to fiat in the event of a currency collapse or something along those lines, which is usually when the price of precious metals would rise in the past, I am doubtful that precious metals will skyrocket in the future.

litaf

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Gold is the more traditional method of investment. If there are any factors that influence people to invest in either silver or gold, most would choose golds so silver doesnt have a very high chance of skyrocketing compared to gold.

Supercrypt

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Quote from: Mometaskers on May 18, 2017, 11:14:18 PM

Quote from: OROBTC on May 18, 2017, 01:56:48 PM

Quote from: asylum1 on May 18, 2017, 11:27:34 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?

Theoretically silver could go way up, but I doubt it.

There are various schools of thought on silver. Because it is used by industry, and ("they say") it is relatively scarce re physical gold, that means should there be a squeeze, Ag could go way up. Silver is the best metal for various electrical applications.

But, my money is mainly on gold. The Central Banks do not store silver (nor Bitcoin for that matter). They store gold. Central Banks are not stupid.

It seems it's not rare enough compared with gold. I think if you'll have your own vault, there is also the problem of storing it, after all, it's not as inert as gold. It could be more finicky.

I'm too poor to invest in precious metals but if I have money I'd probably buy gold first and just buy silver later (I prefer it over gold - aesthetically).

Since we've you've already touched on gold, what about storing value in jewelry? Does the same amount and purity of gold change in value if it's in jewelry form? Would jewelries appreciate in value over time or do they just stay the same, or worse, drop?

Why will anyone prefer to buy silver when the person can afford to buy the gold? This is very easy to guess because we know that the silver is cheaper and gold is precious so no one will buy silver due to the fact that the silver don’t have that potential as that of the gold.

cafucafucafu

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Quote from: mindrust on May 21, 2017, 09:48:04 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.

The thing is that people trust silver and gold, and ultimately it's that trust that matters.

I actually believe that copper is going to be a great bet actually because copper has so many industrial uses and if you look into the history penny coins in the UK were made of copper and it was actually nearly an ounce or somewhere along the lines of that of copper per penny coin. This meant that people actually used copper as a currency.

But silver shouldn't go anywhere upwards any time soon at least because fiat is actually in deflationary mode atm or in the near future. But long term wise i'd go with either silver or gold. It's safer than crypto imo.

rickadone

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Quote from: VanDeinsberg12 on May 19, 2017, 03:10:05 AM

Quote from: Symphony_fr on May 18, 2017, 11:36:36 AM

I do not think that silver will grow too fast. It can only be used for very long investments or for those who have very little money to invest because it is too cheap.

It will be impossible. Silver as a long-term investment. You must remember the gold is main actor. Silver just an alternative way to keep your investment on the stable invement. and silver is cheap rather than gold. and it makes every one be able to save his money on silver,

It can only happen in a situation if the gold form this world disappear and the silver get some additional characteristics which resembles to the gold. Haha this is something funny man. Come on it is not going to happen ever. How come could the gold be cheaper and the silver be higher. We don’t see the consumption of silver on such a level.

gabmen

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Quote from: Pettuh4 on May 21, 2017, 05:54:46 PM

I think silver will keep walking in the shadows of gold and Bitcoin because its prices normally increases steadily on a low pace unlike its main rivals and again as a by-product of mining other metals it is deemed common and of less value than commodities on the stock exchange.

you're right. even way back, silver's value was seen as way inferior to that of gold and with the emergence of bitcoin, I don't think silver will have a good run at anytime. it would always be far second to gold.

machinek20

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Quote from: asylum1 on May 18, 2017, 11:27:34 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 is possible in the future, silver is being used by so many company to become raw material, and every precious metal will eventually become more and more expensive because the amount will keep on decreasing and something cant simply being replaced, some the company choose silver become raw material because silver got more advantage than other metal, replacing silver will need another research

Pettuh4

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I think silver will keep walking in the shadows of gold and Bitcoin because its prices normally increases steadily on a low pace unlike its main rivals and again as a by-product of mining other metals it is deemed common and of less value than commodities on the stock exchange.

PhucS

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Your question is quite good, so far we only talk about the price of gold, Bitcoin prices, few people mention the price of silver. In my opinion, I think that the price of silver may increase but it does not increase too much because silver has always been much cheaper than gold. The economic value of silver is also are few people mentioned, although silver is also fashionable, but people prefer gold more often. Although there are many uses in life but silver is mainly exploited and found in the process of mining other metals such as gold, iron etc. It is considered a byproduct and will usually be cheap. If I had to choose between gold and silver I would choose gold without hesitation

frowsiter

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That's less probability statement. Silver is not of interest in many people's list. Also people like profits which silver can't grab for them. Investing in silver is like shitcoin. You may end up with slowest possible profit.

ocid

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I think not, because everyone prefers to invest gold in silver appeals.
If the gold price is high we will sell will get bigger profit, So I do not think silver can ever rise in price beyond gold.

webtricks

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Quote from: asylum1 on May 18, 2017, 11:27:34 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?

Usually price of commodity rises when its demand increases. In order to see demand rising, commodity needs to possess some special status and value. As far as I see, silver was/is never metal of any special distinction. Even poors can afford silver ornaments. However it is working as 'store of value' from many centuries but never able to make its place as 'article of distinction' that is directly relative to price.

mindrust

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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.

Mometaskers

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Quote from: darkangel11 on May 20, 2017, 04:43:28 PM

Quote from: Mometaskers on May 19, 2017, 11:21:27 PM

Copper is definitely more abundant and is heavily used in electrical wires. Many people in my country actually scavenge it since people just throw old wires in the dump.

Is it really worth it? I mean 1kg of copper is worth less than a dollar and you need a lot of these wires to make 1kg. I've been briefly interested in recycling electronics, but the amount of cleaning it was required to get a bit of gold or other metals wasn't worth the time, unless you're treating it like a hobby.

They just take the wires and burn them. Yup, it's cancer waiting to happen. Problem is I live in one of those lower income neighborhoods (still not as bad as the one they show in India though, the one near the skyscrapers).

You'd know whether they got it legally or not depending on when you smell the stuff. If you smell it around 10 PM, you can bet they got it where they shouldn't.

As for gold, I remember there was a time when there were people walking around, offering to buy broken SIM cards. I suppose they sell em to a recycling plant, or maybe just burn them.

megynacuna

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Quote from: KuromaYoichi on May 20, 2017, 04:17:15 AM

I don't think it will skyrocket next 5 year, but the price will go up because now the price is really low, almost as low as early 2000. Silver has many application so it will be hard to increase as it will affect other price.

Well I agree with you and its main competitor grapheme would likely replace it along the way somehow and that makes predicting silver's future very difficult.

PokerFace3

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Quote from: ekoice on May 21, 2017, 02:14:56 AM

It would be a waste of time for us to wait expecting that price of silver would sky rocket.Silver is a secondary option for people who could not be able to buy gold.We had seen the previous history of gold and silver.From that,we could say that gold would sky rocket at many times and silver will not perform like that.

You must be right that silver or even any bullion lost their shine to attract investors by being a hot investments any more.

I did read billions follow some 12 years cycle like they do find rising prices for 12 years and next 12 years may fall down or remain stable. From 2001 to 2013, gold prices soared heavily. But in 2013 it found down fall now remains stable. If that theory is right, we can expect silver to skyrocket by 2025.

deisik

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Quote from: darkangel11 on May 20, 2017, 04:43:28 PM

Quote from: Mometaskers on May 19, 2017, 11:21:27 PM

Copper is definitely more abundant and is heavily used in electrical wires. Many people in my country actually scavenge it since people just throw old wires in the dump.

Is it really worth it? I mean 1kg of copper is worth less than a dollar and you need a lot of these wires to make 1kg. I've been briefly interested in recycling electronics, but the amount of cleaning it was required to get a bit of gold or other metals wasn't worth the time, unless you're treating it like a hobby

In some countries just one dollar is still a big deal

Further, scavenging metals (if we don't mean by this removing traces of metals from solutions, of course) is not just about copper, it is basically about any metal which has some value (apart from copper, silver, and gold, it may be aluminum). And in some cases the question is literally about tonnes of these metals (well, at least, about aluminum). Some twenty years I witnessed the process myself when old and abandoned fighter jets (like Mig-19 and MiG-21) had been "recycled" as scrap metal by these scavengers

Pamadar

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Quote from: ekoice on May 21, 2017, 02:14:56 AM

It would be a waste of time for us to wait expecting that price of silver would sky rocket.Silver is a secondary option for people who could not be able to buy gold.We had seen the previous history of gold and silver.From that,we could say that gold would sky rocket at many times and silver will not perform like that.

Indeed its really hard to say whether this asset can be a good one to be pick then wait for some time to make it much worthy but why we need to wait if gold already performing im not sure if investors will make a good prediction and support this assets.

ekoice

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It would be a waste of time for us to wait expecting that price of silver would sky rocket.Silver is a secondary option for people who could not be able to buy gold.We had seen the previous history of gold and silver.From that,we could say that gold would sky rocket at many times and silver will not perform like that.

darkangel11

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Quote from: Mometaskers on May 19, 2017, 11:21:27 PM

Copper is definitely more abundant and is heavily used in electrical wires. Many people in my country actually scavenge it since people just throw old wires in the dump.

Is it really worth it? I mean 1kg of copper is worth less than a dollar and you need a lot of these wires to make 1kg. I've been briefly interested in recycling electronics, but the amount of cleaning it was required to get a bit of gold or other metals wasn't worth the time, unless you're treating it like a hobby.

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