Silver as an Investment
- Thread starter Colonel_Reb
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Snow Plow
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Interesting article on future silver demand. It’s a very valuable metal for batteries and solar panels.
The late Ted Butler wrote about a supposed silver shortage and price manipulation for many years. He was regularly predicting a price explosion that he said was inevitable but which never happened. His archive is here: https://www.investmentrarities.com/theodore-butler-silver-archives/Interesting article on future silver demand. It’s a very valuable metal for batteries and solar panels.
I do think gold and silver are good investments now and continue to be subject to price suppression, but should be part of an overall asset portfolio, not the main focus. Many people were taken in by Butler's heartfelt and persuasive but incorrect scenario and put too much of their money into silver, which is still well below its price level from 45 years ago and has not kept pace with the stock market over the past quarter century.
Silver at 14-year high, tracking for new record peak
(Kitco News) - December Comex silver this week notched a 14-year high of $42.29 an ounce. Safe-haven demand amid a nervous general marketplace is driving the precious metal higher. Gold prices today hit more record highs, which argues silver, also affectionately called “poor man’s gold,” is on...
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Silver at 14-year high, tracking for new record peak
(Kitco News) - December Comex silver this week notched a 14-year high of $42.29 an ounce. Safe-haven demand amid a nervous general marketplace is driving the precious metal higher. Gold prices today hit more record highs, which argues silver, also affectionately called “poor man’s gold,” is on...
Still waiting for my prediction from this thread of 50 to 100 dollars for an ounce of silver. Gold has been going up too but at
a slower rate. I wish I had some gold but sadly I don't. Good luck to all of the precious metal investors here.
Unfortunately gold is out of reach for most in a country where so many live paycheck to paycheck just trying to get by. But silver can be accumulated a few ounces at a time, "poor man's gold" as it's been called.
After taking 45 years to top its 1980 high of around $50 per ounce when the Hunt brothers were trying to corner the market, silver has recently been soaring, going up by one and two dollars a day and currently sits at $58.60. Gold is also still in a strong bull market.
Freethinker
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Good news that it finally broke that ceiling, and did so in impressive fashion. With the global economy a general mess, I wonder what further highs silver (and gold too) will make in the next couple years....
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Silver at 61 dollars and rising fast. I think the puppet masters are losing control of the gold & silver market. Consumers worldwide are
losing faith in all of the fiat currencies. This will only drive the prices through the roof. Sadly in the future all freedom will be gone
once they destroy every fiat currency on purpose so they can have their fake digital currency based on behavior. Are you a good
global citizen? Enjoy the last times of freedom. Use cash as much as possible. Once we lose the physical dollar our worst nightmares
will become reality!
losing faith in all of the fiat currencies. This will only drive the prices through the roof. Sadly in the future all freedom will be gone
once they destroy every fiat currency on purpose so they can have their fake digital currency based on behavior. Are you a good
global citizen? Enjoy the last times of freedom. Use cash as much as possible. Once we lose the physical dollar our worst nightmares
will become reality!
It took silver 45 years to match its 1980 peak price of $50 an ounce, now it's going up by leaps and bounds, closing in on $70, up another $1.57 today to $68.57. Gold is at a record $4,432 an ounce. Silver is not only an investment precious metal, it's use industrially keeps growing and there is an ongoing shortage, so it's hard to see the price crashing even if it begins to decline.
