The key to all of this is that people need to demand physical silver only. I am no expert, not even close, but from what I understand, the paper market for silver is, by some estimates, up to 500x the actual amount of physical silver (same way fractional reserve banking works). And if there is not enough physical to deliver for everyone who busy, physical silver will become extremely scarce and skyrocket in value. From what I've been reading, it sounds as though they have artificially kept the value low because they need it for manufacturing every piece of electronics on the market. I know it's probably pie in the sky thinking, but I'm really hoping it gets up to 900/oz like many seem to estimate the value should be now. Mind you, I'll be happy if we get it to 100/oz even. But it will definitely be interesting to see what happens.
I don't know about all that. But what I do know is that it seems likely the dollar is going to crash one way or another and I would rather have something with inherent value, so I think it extremely unlikely that buying physical silver would end up being a bad move. But I'm learning new things every day so take that with a big old grain of salt. :P
The key to all of this is that people need to demand physical silver only. I am no expert, not even close, but from what I understand, the paper market for silver is, by some estimates, up to 500x the actual amount of physical silver (same way fractional reserve banking works). And if there is not enough physical to deliver for everyone who busy, physical silver will become extremely scarce and skyrocket in value. From what I've been reading, it sounds as though they have artificially kept the value low because they need it for manufacturing every piece of electronics on the market. I know it's probably pie in the sky thinking, but I'm really hoping it gets up to 900/oz like many seem to estimate the value should be now. Mind you, I'll be happy if we get it to 100/oz even. But it will definitely be interesting to see what happens.
I don't know about all that. But what I do know is that it seems likely the dollar is going to crash one way or another and I would rather have something with inherent value, so I think it extremely unlikely that buying physical silver would end up being a bad move. But I'm learning new things every day so take that with a big old grain of salt. :P