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.
https://investingnews.com/daily/resource-investing/precious-metals-investing/silver-investing/top-silver-countries-by-reserves/
The total world figure for silver reserves sits at 550,000 MT, or 550,000,000 kilo's or 550,000,000,000 grams = 17,648,000,000 troy ounces. And this is not even considering that most of it is a by product of other metal production.
In terms of current value: around 400 billion. Well, it would indeed require a revaluation, but not in a vacuum. It also wold mean a revaluation of all real non-perishable assets, which could be used to support economical activity.
However, the way we are looking, right now, is in terms of the bloatware, called fiat currency. And I think it is the wrong way to look at it, as there is one significant issue that is overlooked in a view like that: Fiat currency is not value. It is a value derivative.
Of course, we are born and trained to look through the eyes of a person who knows not value.
On the other hand, since Gold has become a 1st tier asset, and is required to be deposited before a trade. At the same time the BRICS-currency-system is taking shape, and the circumstances to push gold and silver higher is here.
I would expect, no sharp incline in price for the coming months, except a black swan event. Then all bets are off.