This is a question I like to ask from time to time to gauge, peoples thoughts on things that are relevant to most of us. Last time I asked this specific question was about a year ago. Most of the responses I got said something along these lines:
Silver: $2,200 to $5,500 an ounce post cabal (Or the equivalent of if we actually see mass deflation due to going back to the USD instead of federal reserve note and going back to the gold standard)
Gold: $20K to $50K an ounce Post cabal (Or the equivalent of)
I'm curious if anyone's predictions/thoughts have changed on the matter. I've seen a few people throw out numbers like $10K to $20K for Silver per ounce and $100K to $500K per ounce of gold.
I'd freaking love that, but I'm not sure if it'll work out like that. I think the previously agreed upon estimates are probably still the most accurate, though I can see silver reaching $10K when it stabilizes and Gold Reaching $100K. My reasoning is that, while the previous estimates will probably be the initial "new value", there will be a massive demand for precious metals and severely limited supply post cabal.
It'll be just like what happened with bitcoin. Everyone and their brother will want to get in on the "next big thing" and start trying to buy up as much as they can. Thus severely limiting supply, while demand is at all time highs. Which will probably lead to those absurd numbers of $20K+ per silver and $500K+ for gold for a short period of time.
Then, once the market has settled out, the "new average" for both metals will even out around $10K and $100K respectively, or thereabouts anyway.
Of course this is just my prediction/thoughts on the matter using both common sentiment and similar previous scenarios in the various commodities markets as a base for my prediction.
Honestly, I'm calling it now. We'll start seeing "Bullion bros" that are gonna replace the current wave of crypto bros and try to sell you a crappy course on gold/silver day trading. I can almost guarantee we'll see a Tai Lopez like "guru" emerge that will inundate every platform with crappy commercials on day trading precious metals or something stupid like that.
Anyway, thoughts? This is basically just a discussion thread.
"Precious metals prices" depend largely on the value of the dollar (or whatever currency the metals are being priced in).
Over thousands of years, the marketplace / buying power value of the two monetary precious metals has remained fairly constant despite inflation of the local currency, and THAT's what is important. It's a cliche (but true, as far as I can tell) that "In ancient Rome, a one-ounce gold coin would outfit a man with a good-quality set of clothing -- and it still does, here in the modern world." (Gold is currently at $1924.80 per the Kitco widget at 321gold.com).
Market efficiencies and modern tech -- unavailable at any price in ancient Rome -- make an overall apples-to-apples comparison impossible, but the buying power of metals remain largely immune to inflation because they cannot be created cheaply out of thin air.
The buying power of monetary metals varies up and down due to monetary policy in a fiat currency regime, but never for long and -- importantly -- it never goes to zero and anywhere near that. Holding metals is a way to protect existing wealth and to insure you have something to spend (or barter with, depending on your viewpoint). Speculating on the future dollar price and buying power of metals is a way to "make money" or to "LOSE money"
Speculation is, literally, gambling. Some make a fortune that way; some go broke. Buy-and-hold is the safe thing to do (limited downside, as metals never go bankrupt and have been highly valued for thousands of years, for good reasons); speculation is for those who believe they know enough about the details of the future to take the risk.
I don't disagree, but the problem here is that since the 70s, there's been a collaborated effort by the cabal, banks, hedge funds, billionaires, etc. to artificially suppress the price of precious metals (specifically silver, but gold to an extent as well). Ergo, the price of neither is well adjusted to inflation.
The whole "an ounce of gold will still buy a good suit" comparison is faulty because of this. An ounce of gold will buy you a "low end" nice suit. Not the luxurious clothing that it would during Roman times. THAT level of clothing is priced more in the $10K+ range, and goes all the way up to multiple $100K for the absolute best suits.
Likewise, silver is the single most suppressed asset in the world. That's not up for debate. Between naked shorting, spoofing (banks and hedge funds putting out fake order to drive prices down that they never intend to collect on), and paper orders (where dealers will sell the same piece of metal up to 100 times because delivery times are typically long and they have at least a year to replace it for each order), silver is drastically below what it should be. The usual estimate is that there's 550k Metric tons of silver in the world.
This is false. A good portion of it has been destroyed in the production of various electronics. For decades it was deemed unrecoverable and thus was literally junked with zero recovery. Only recently have techniques and technology come online that allow for silver recovery from electronics, but it's still not widespread because it's not economically feasible in 99% of situations.
That number also includes the spoofs and paper sales in it. Most credible estimates say that between the fake/paper silver (that doesn't really exist), and all of the silver that's been destroyed in the process of making various types of electronics since the 70s and 80s, there's actually less available silver in the world than gold. (There's more silver overall since we have a lot of unmined silver, but the readily available supply is much lower).
That's what this post was about, less about speculation, and more trying to throw out predictions and discuss the effects all of this will have when this stops.
Silver IS mainly for preserving wealth, but in this very unique circumstance, there's pretty much a 100% guaranteed chance that silver stackers are gonna see a large increase in the value of their silver from what they originally paid for it.
For decades, they've been buying silver (and Gold to an extent) for less than it's worth because the cabal was trying to prevent people from actually preserving their wealth as they siphoned off more and more of the wealth of the middle class. At the same time, the actual supply of physical silver has been decreasing (more is used in tech production than is mined every year), And there's also the fact that Gold and Silver are being used to back the new non fiat currencies the nations of the world are going to be using post cabal (meaning there will be a massive international demand for both metals that will far outstrip supply)
All of this combined leads to the undeniable conclusion, that silver (and Gold to a lesser extent) is going to see a post cabal increase in value.
Say we revert back to the USD value in 1930. Back then Silver was a little over $6. Because of all the above mentioned factors, while the USD will be worth more and go further, Silver won't revert to $6 an ounce. Rather, using the estimates from my previous post a year that I mentioned, Silver would be between $660 and $1,650 an ounce.
That's the equivalent of between $12K and $30K in current Federal Reserve Notes. For a silver stacker with a few hundred to a few thousand ounces, that's retirement money.
Hence, the discussion, since this is the type of thing that can, and will effect peoples lives post cabal, in a big way.
I agree with much that you say here; certainly the Cabal has been working to keep the price of PMs low and silver, in particular, is far below its historic value, which was about 15 oz silver to 1 oz gold.
The "suit" analogy wasn't meant suggest today's buying power is identical, just that it is roughly similar, and after 2,000 years that's amazing. Togas aren't three-piece suits, after all, and sandals aren't modern business footware.
Yes, modern tech not only removes vast amounts of silver (AND gold) from the market, mostly in zillions of tiny amounts that aren't very economical to recover, but when a use for gold or silver is found, there's rarely a less-expensive material that works as well, so we don't often see them replaced by something else.
Will the price of silver -- in terms of BUYING POWER, not dollar amounts -- rise dramatically? I suspect it will, but I don't think it will rise as much as you suggest. Believe me, though: I am nowhere near certain of that. We're in uncharted times in many ways.
"Stacking silver" is almost certainly a smart thing to do, whether it only preserves wealth or brings a huge windfall.