SILVER 😎
43.16
0.198 0.46%
(www.marketwatch.com)
Comments (16)
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Nice, my grandmother taught me to buy metals at a young age, I want to weigh it all out and see exactly what I have!
Keep hodling. We ain't seen nothing yet. Silver goes to a minimum $250/oz within a year. 12x bounce minimum.
That’s a wild prediction. How do you figure, and would gold 12x at the same time then?
Nope, silver always lags gold. When the masses wake up, which still hasn't happened, they'll see how little gold they can get for their FedBux and won't be willing to shell out $5000 for a measly ounce of gold. They'll feel much better about walking away with 100 ounces of silver. This is how it played out in the 1978-1980 silver rush before the government (cabal) stepped in and put an end to it (manipulation).
It's just basic human nature at play.
The historic silver:gold ratio has been somewhere between 8:1 and 15:1. Call it 12:1 overall average. in the past few months this ratio has been over 100:1. Right now it's in the 90s;1 range. Thus, if it balanced out right now, today, with gold at roughly $3700/oz, silver should be $308/oz to be at the natural ratio of silver and gold in the earth, and hence its underlying value.
Without our lovely manipulators in the mix, this balancing would happen fast too.
Right now, there are almost no mining companies that actually exclusively mine silver. Almost all get their silver as a by-product of mining other elements, zinc, nickel, etc. This is because the value of silver is so artificially suppressed in order to create the ILLUSION that their fake, monopoly money FedBux and all other "negotiable instruments" have value.
Good enough reasons for ya?
If not, I'd recommend you tune into Mike Maloney who is really the best analyst in the PM arena. He's written several books and does a couple podcasts a week, some on gold, some on silver, some on the "almost everything bubbles". He's my goto guy. Here's today's podcast, but you can find dozens on silver exclusively...
https://www.youtube.com/watch?v=SHvkHRYLlfo
I’ve heard about the suppression. The claim of within the year means something is in the works now to stop the manipulation regarding paper silver.
100%. it looks like it can't be stopped or stop-gapped now. That's what the prognosticators are unwillingly agreeing upon....
The traditional gold/ silver ratio is way out of line right now.
Silver should rise way more.
Exactly, usdebtclock has it at approx 1,200 per ounce, but I feel like it could go higher than that
It's mined at 8 to 1 right now the price is about 90 to 1.
If I held gold I would think of selling it and buying silver.
Here's Mike Maloney today to answer your question, right no queue!
https://www.youtube.com/watch?v=GE3bQoLcM6M
Wait, you know what happen to that Dwarf King in the 'Hobbit' ! 😂 Watch out for Smaug:
https://www.bing.com/images/search?FORM=IARRTH&q=smaug&id=E6559BFBD791937D8F6B87BA2889D355A87D7331
Spot 42.60
Looks like a slow brake out.
I love the silver
Looks likes some profit taking, it's up & down. Let them play.
Im just holding it. Ill never sell.
Gold tipped over 3700. 300 bucks in one month. Current ratio 1/86