I don’t know much about what drives Silver prices but I did get in on a good amount when it was at $24. Now wondering if I should cash out before it crashes or is there a strong chance that it does continue to climb and to what? I hear so many opinions about what’s driving it up but I don’t know what to believe.
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (54)
sorted by:
Do you want to sell your silver and accept fiat currency that is worthless?
Neither do I.
Silver is reestablishing itself after many years of price manipulation.
Months ago, silver was trading at prices 100 to 1 when compared to gold.
Today it is at 60 to 1. Silver is regaining its value but not near the finish line.
It should be at 15 to 1.
Today gold is at $4546 an ounce and the price of silver should be around $300 an ounce if we calculate the 15:1 ratio.
Price of gold could go higher which means the price of silver could also go above $300 an ounce.
Trump opened all the 401k's across the country to precious metal markets in February.
What will this do to the price of gold and silver? ↑↑↑
What you have to understand is the globalists and banks like JP Morgan were shorting silver, manipulating its value. If silver rose to its accurate value, people would invest in precious metals and stop investing in Federal Reserve fiat currency. Federal Reserve would be destroyed.
This is not a fleeting escalation in the price of silver. This is what happens when supply and demand takes control. Some people are predicting a 5-10 year bull run on silver. How long will it take to balance out the supply and demand issues? It will take many years.
If you want out early, wait for a new currency, something that will hold its value over time. The fiat dollar is dead.
Great capsule summary of the situation, jhartz39.