So once silver isn't shorted and they let silver go loose, how much will an ounce of silver be, say 5 years later? I'm trying to understand the value of silver because from what I've been seeing, a lot of people are saying it will be "sky high". I feel it's heavily exaggerated but like I said, I would like to know how much will it be 5 years later, in terms of "sky high" once silver isn't shorted.
Additionally, would it be wise to sell gold to get more silver? I was gifted a very small amount of gold that I was holding on to once gold goes off, but if silver will fetch more in value over gold, I'd trade gold for silver.
Samsung has developed a new battery technology that is silver based instead of lithium based. Demand for physical silver is about to skyrocket due to industrial demand. We're talking batteries for electric cars that can charge in ten minutes with a range of 900 miles. Factor that into how much an ounce of silver will be.
I think the days of shorting silver is already over. There may be some silver shorts that have not been settled but it would be stupid to open any silver shorts today, you would lose money. The price is always going up.
Silver/gold should be at a price of 10 to 1.
If you wanted to be less greedy and more realistic, let's say 15 to 1.
If gold is $4400, silver should be $293.
However, countries are buying up gold, they know the days of fiat currency are over. Gold will destroy the Fed.
So, the price of gold could top out near $10,000 an ounce and silver will chase it to the top.
At 15 to 1, with gold at $10,000 = $667 an ounce for silver.
At 10 to 1 = $800. That is where it might be in 5 years.
I wouldn't sell any until you have a new currency. A gold backed currency.
You wouldn't want to sell silver and accept fiat dollars that are backed by nothing.
At the bottom right of the US debt clock it mentions a US Treasury Dividend Dollar. That may be our future currency.
Yes, selling gold now, buying silver will give up a better return. It has to do with the ratio. Gold has not been suppressed, silver has been. Silver has a longer distance to appreciate in the run up (6 times). We are at a 64 to 1 ratio right now and it need to be at a 10 to 1.
We have two things going at once. A short squeeze and a very real increase in demand. Stockpiles are also way down because the price has been surppresed for 60 years.
Its a storage not an investment. It holds the value where you dollars become less valuable. Long game is where its at. I started 2012amd never sold anything. I wont take fiat for it unless i need to convert to buy an undervalued asset.
If you bought $1900 dollars of Gold and $1900 of silver 5 years ago. Today you would have approximately $4,400 gold and approximately $7,700 in silver.
fabulous
i bought 50% gold and 50% silver. both are doing well but i wish i would have bought more ounces of silver now.
If you had bought Gold five years ago, it was about $1900 an ounce. Today's price is 4,430.80. I think Gold is the best investment.
No, silver is where you want to be. It has been shorted for decades and prevented from reaching its natural value.
Historically, silver and gold has been priced at a 10:1 ratio.
Just a couple months ago the ratio was 100:1.
Today it is at aprox 70:1. So, silver is gaining value against gold.
For example:
Gold is at $4,415.20 / ounce, it is up $69 today
Silver is at $68.85 / ounce, it is up $1.53 currently.
If you sold 1 ounce of gold, you could buy 64 ounces of silver.
64 x 1.53 = $97.92
So, today you would have made $28 more on silver.
So once silver isn't shorted and they let silver go loose, how much will an ounce of silver be, say 5 years later? I'm trying to understand the value of silver because from what I've been seeing, a lot of people are saying it will be "sky high". I feel it's heavily exaggerated but like I said, I would like to know how much will it be 5 years later, in terms of "sky high" once silver isn't shorted.
Additionally, would it be wise to sell gold to get more silver? I was gifted a very small amount of gold that I was holding on to once gold goes off, but if silver will fetch more in value over gold, I'd trade gold for silver.
Samsung has developed a new battery technology that is silver based instead of lithium based. Demand for physical silver is about to skyrocket due to industrial demand. We're talking batteries for electric cars that can charge in ten minutes with a range of 900 miles. Factor that into how much an ounce of silver will be.
I think the days of shorting silver is already over. There may be some silver shorts that have not been settled but it would be stupid to open any silver shorts today, you would lose money. The price is always going up.
Silver/gold should be at a price of 10 to 1.
If you wanted to be less greedy and more realistic, let's say 15 to 1.
If gold is $4400, silver should be $293.
However, countries are buying up gold, they know the days of fiat currency are over. Gold will destroy the Fed.
So, the price of gold could top out near $10,000 an ounce and silver will chase it to the top.
At 15 to 1, with gold at $10,000 = $667 an ounce for silver.
At 10 to 1 = $800. That is where it might be in 5 years.
I wouldn't sell any until you have a new currency. A gold backed currency.
You wouldn't want to sell silver and accept fiat dollars that are backed by nothing.
At the bottom right of the US debt clock it mentions a US Treasury Dividend Dollar. That may be our future currency.
https://www.usdebtclock.org/
Yes, selling gold now, buying silver will give up a better return. It has to do with the ratio. Gold has not been suppressed, silver has been. Silver has a longer distance to appreciate in the run up (6 times). We are at a 64 to 1 ratio right now and it need to be at a 10 to 1.
We have two things going at once. A short squeeze and a very real increase in demand. Stockpiles are also way down because the price has been surppresed for 60 years.
Its a storage not an investment. It holds the value where you dollars become less valuable. Long game is where its at. I started 2012amd never sold anything. I wont take fiat for it unless i need to convert to buy an undervalued asset.
5 years ago silver was about 17 per oz.
Silver is the squeeze. Too many short positions by the banks
If you bought $1900 dollars of Gold and $1900 of silver 5 years ago. Today you would have approximately $4,400 gold and approximately $7,700 in silver.
Silver more than tripled.
U can trade your gold for about 60 oz of silver at 1/66 gsr. When it hits 1/30 gsr trade the silver back for 2 ounces of gold.
1/30 has not been seen in decades. Don't think I would wait that long.
Some people are trading gold for silver at their local coin shops....