With the stock markets going up? Not likely.
One of my friend’s father got wrapped up in the massive silver rally back in 1979-1980 when the Hunt brothers tried to corner the market.
I just remember the father had to sell his Cadillac when the whole thing unraveled.
I could be wrong, it happens, but, I assume that, unlike gold, silver has economic and.industrial uses.
I was in a tight financial situation back in the 80’s and decided to sell my silver. The guy at the pawnshop tried to talk me out of it.
“It is only at $75. It could still go up.”
Many who have cast their lot in metals over the years are finally reaping. But they have done so at the expense of not being in equities (growth and dividend payers) where the growth and compound have trashed a heavily weighted metal portfolio. Buffet and Peter Lynch have been sages. .
Silver is at $38.
If anyone is so smart as to know silver is going over $100, leverage the heck out of your bet and become rich.
Otherwise, shaddap.
SILVER ALERT! Silver Hits $39 Before Riggers Slam! Grand Canyon CLOSED to Get More Gold?! (Bix Weir)
Silver vertical? Not likely, it’s too much of a commodity.
There could be some money made trading it and taking gains before it comes down after a blowup.
In nature silver is 15 times more common than gold, yet the gold/silver price ration is ~ 90 to 1.
Silver is also heavily used in electronics, so if the price went way up that would be inflationary.
Historically the price of silver remains flat for decades and then suddenly jumps.
So it would seems silver has a lot of upside but it also seems that the powerful interests have an incentive in keeping the price suppressed.
Goldsilver.com? LoL!!! 🤣
PM’s have been marvelous for a while.
Silver up 25 percent six months….100 percent five years
Gold up 24 percent six months….87 percent five years
This generational PM Bull is just starting…..if you don’t hold it, you don’t own it.
When it happens, let us know. Then it will be news.
I just placed an order for silver rounds and got a ship date of Aug 1. Usually, they ship within 2 or 3 days so something is up.
My money is on FCOJ.
I’ve been buying silver the past two months.
Uh, no.
Down 1.85% on the day.
I own a little silver. But I’m curious: what does this mean to people who are not invested at all in silver? Doe this impact the economy one way or the other?