Silver, if You Will Believe It, Is Still Under-priced
The problem with silver's price is that it used to be cheaper than dirt. Many mines closed down because it wasn't profitable to keep mining. Even though the manufacturers need more silver. The above ground physical supply is really tight.
This is what happens when you suppress the price of silver.
And the consequences is that physical will take over the market and the imaginary paper will vanish.
The price of silver should be about $460 if the old 10:1 ratio was allowed to stay in effect, instead of being squashed over and over. At $100, silver still has a long way up to go. But, this is nothing. And most silver stackers know this.
However, it is still overwhelming to see silver finally starting to move. And everyone is expecting a sharp pullback, or a return to smacked down levels.
How valuable is silver?
Besides being a precious metal, silver is second only to oil in the most industrial uses. Every single pixel on every single screen has a tiny silver war run to it and from it. Nothing else has the low resistance needed to run digital signals through such fine wires, and also has the whitish color so it does not interfere with sight (you are looking straight down at one of the two wires, which staring at the screen)
Every cruise missile uses a pound of silver in its construction.
The solder used for electronics and copper pipes is silver-solder.
All of those solar panels? Yep silver is used there.
Mirrors, that reflection is created by silver.
On top of this, silver is used
- monetary metal, bars and coins
- jewellery
- silverware
Of course, this will probably end when you can go turn in your fork (just one) for $500.
Imagine that the cheap jewellery you bought, from a roadside stand is now worth more than your gold.
It can happen.
One manufacturer has invested heavily in one of the largest silver mines, for a guarantee of all production from that mine.
Is this all?
If this was all, silver would probably settle out at about $250-$500. But this is not all. We have new technologies that will NEED silver.
However, this is just the beginning. Silver is going to be needed so badly that it becomes a strategic metal. No silver will be allowed to go across borders. Govern-cements will be paying top dollar for the stuff. Mexico is about to become one of the richest nations. (That is why Trump said that Mexico would pay for the wall, to keep all the greengos out)
Flying cars and other gravity controls.
New electronic components like solid state flow control.
Personal biometric encoders (basically your body will be your phone number)
and so many more
Silver will be worth more than gold.
The price points of silver
This is kinda difficult to get correct, because of how much inflation we will see in the dollar, and when will the new dollar be issued?
There is a smack down coming. Where T.H.E.Y. will try to reassert control over the silver price, but all this will really do is separate paper price from physical price. Can you imagine the COMEX price of silver being under $10, but if you go to the coin store, and they have any silver coins, they will be $10 + $150 premium. Then prices will go back to "normal" where paper silver price is $50 and physical silver will be going up past $200.
There will come about a crypto that is for buying silver and silver futures. Like guaranteed delivery from a mine. And there will be something like suppliers and reserves have to be verified, and buyers will be manufacturers. Others will be kept out, or there will be something like off-track-betting.
Silver will go to somewhere near $200, where it will move sideways until the inventions start coming out, then it will continue past $500, and then $1000. Then trading of silver becomes govern-cement only, and they will be offering something like $2000-$5000 an ounce.
And somewhere in the middle of this, there will be vans parked out in front of grocery stores offering to buy silver.
A lot is going to change between now and the top of the silver market. All i can say is don't sell until the prices look insanely high. But also, do not wait until the govern-cements start saying, "mine".
The messed up thing, in my head, is that i know this is where silver is going, but i can't get over that i was just paying $5, $20, $30 for silver. Paying $100 for silver is a good deal when you consider where it is going, and that you won't have to wait decades until we get there.
My biggest problem is, what should i do with my silver, if i think that i will be one of these mad scientists who comes up with a new way to use silver. Imagine having that bolt of lightning, that flash of insight, but you sold all your silver to buy a workshop and a farm. There would be much gnashing of teeth. "If only i had saved one ounce of silver, i could try this out!" However, then you remember, that the govern-cement was already at your doorstep making sure you were not keeping silver from them.
Anyway, silver stackers, your time is now here. Figure out what you want to trade your silver for, because if you sell for dollars, well they are going down in value more than 10% a year. So, trade your silver for things you really need, or bitcoin, or maybe even gold. Although that metal has a short time left before it is no longer precious.