Win / GreatAwakening
GreatAwakening
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Reason: None provided.

Exactly. PM is a storage of wealth to lock in value so inflation can't keep chipping away at it.

I think you're spot on regarding "too many variables to predict price" going forward...I mean think about it.

On one hand you've got say, photovoltaics that use silver ink to silkscreen the buss bar grids onto the wafers/cells and if you've followed the market for the past 25 years, you'd know that sub $4/watt was a goal for a long time... and we've been there for a few years now (it's sub $3/w now) - So there's room for that to equalize now that China has cornered the market on production. Increasing input costs via more expensive silver would obviously make prices go up.

But then you have things like consumer electronics. If say the price per ounce went from a spot of say $30 to a spot of $300, you're now looking at an incredible increase all across the board on everything from kids video games, phones, tablets and PCs now ridiculously priced. Good video cards now hovering around say $750, would probably be like $5k - so who's going to buy that? I won't say nobody, but 95% less ...it would seriously decimate a number of companies and markets that exist right now.

The other thing that is a possibility, or really an inevitability, is the dollar going to zero, causing a world wide reset of pricing on everything, where prices are rolled back to circa 1913 numbers. This is where face value of PM minted coins could actually be the real numbers, where a one ounce silver eagle is $1, a one ounce gold buffalo is $50 (50:1 ratio BTW) and everything is reset to that "constitutional" yardstick. Of course that's not cut and dry either because a quarter is still $0.25, and the nickel enrobed POS they've been passing off lately is in no way worth 1/4 of an ounce of silver...So yeah, not everything is cut and dry.

It's really hard to say how it would all balance out... and if history is any gauge of who gets cornholed when currency shits the bed, I'd say hedge your bets and get the lube ready, because it's always the hard working citizens that have to reap the whirlwind while the rich manipulators of the hidden hand club do another rich man's trick... let's hope this time instead if a rabbit, they pull out a honey badger and it turns on them...

120 days ago
1 score
Reason: Original

Exactly. PM is a storage of wealth to lock in value so inflation can't keep chipping away at it.

I think you're spot on regarding "too many variables to predict price" going forward...I mean think about it.

On one hand you've got say, photovoltaics that use silver ink to silkscreen the buss bar grids onto the wafers/cells and if you've followed the market for the past 25 years, you'd know that sub $4/watt was a goal for a long time... and we've been there for a few years now (it's sub $3/w now) - So there's room for that to equalize now that China has cornered the market on production. Increasing input costs via more expensive silver would obviously make prices go up.

But then you have things like consumer electronics. If say the price oer ounce went from a spot of say $30 to a spot of $300, you're now looking at an incredible increase all across the board on everything from kids video games, phones, tablets and PCs now ridiculously priced. Good video cards now hovering around say $750, would probably be like $5k - so who's going to buy that? I won't say nobody, but 95% less ...it would seriously decimate a number of companies and markets that exist right now.

The other thing that is a possibility, or really an inevitability, is the dollar going to zero, causing a world wide reset of pricing on everything, where prices are rolled back to circa 1913 numbers. This is where face value of PM minted coins could actually be the real numbers, where a one ounce silver eagle is $1, a one ounce gold buffalo is $50 (50:1 ratio BTW) and everything is reset to that "constitutional" yardstick. Of course that's not cut and dry either because a quarter is still $0.25, and the nickel enrobed POS they've been passing off lately is in no way worth 1/4 of an ounce of silver...So yeah, not everything is cut and dry.

It's really hard to say how it would all balance out... and if history is any gauge of who gets cornholed when currency shits the bed, I'd say hedge your bets and get the lube ready, because it's always the hard working citizens that have to reap the whirlwind while the rich manipulators of the hidden hand club do another rich man's trick... let's hope this time instead if a rabbit, they pull out a honey badger and it turns on them...

120 days ago
1 score