What Is Up With Silver?
At $20 silver was cheaper than dirt. Really. If it wasn't mined along with gold or copper, it wouldn't have been mined. (at least not in any first world nation)
Even at $50 we are just barely over the ATH set back in 2011. The ATH, adjusted for inflation, is a LOT higher.
People are talking about the rally in gold being manipulated higher. However, we know from GATA that someone has been suppressing the price of gold for a long time. So, is gold finally flying free? Or is this some kind of rug pull? Build gold up, to smack it down.
There are stories that they are flying silver in to exchanges to cover the orders fast enough. So, they don't have to admit that they don't have the silver (my speculation)
Sooooo, what is up with silver?
Has silver's price suppression ended?
Most people assume that price suppression will only end when the Fed loses control of the money. Or the Fed losing control of the money makes it so the price suppression ends.
Sounds like a plausible story. So, if silver keeps going up, does this signal the end of the dollar? This may be the last great gasp of the old money system.
I believe we will have one more huge smackdown of price, but it won't hold, too many people are already fleeing the dollar. And people fleeing the dollar (or Euro) is what makes for the collapse of those debt instruments.
The Uses of Silver
Silver is a VERY important industrial metal. Many things could not be made without silver.
Things like cruise missiles which need an entire pound of silver in each missile (it is what i have been told, but have not verified)
Silver is needed in most electronics, but usually in very small amounts. You know, like those little wires that go to every pixel on the monitor. (They are right there, can't you see them? One set is on top, in between you and the pixel.)
A lot of silver is being used for solar panels.
What happens if the price of silver doubles? Triples? Well, probably not much. Consumer electronics just become a little bit more pricey. Ain't no one giving up their iPhone because now it is $1050 instead of $1000.
But, what if something really important is discovered that only silver can do, and it revolutionizes the world? Like silver is needed to make flying cars, or free-energy devices. Then people will be paying whatever they have to, to get the silver needed. Nations will declare silver a national strategic metal.
The Future of Silver
In all likelihood the price of silver is going to keep going up and up and up.
If some "alien/future" tech needs it, the price is going to go into the stratosphere. It will become unobtainium.
If the dollar collapses, then every ounce of PMs you purchases will be the best thing you ever bought.
I am betting that we will see both new technologies that NEED silver, and that the dollar will collapse (and be reborn, maybe)
So, we are going to see Mexico become a very rich country. They will need to build a wall to keep the gringo's out! And we see coin stores close and/or turn into vans that drive around buying any silver they can find.
$500 silver
$1000 silver
These may be rookie numbers.
Silver has more than doubled from the low prices i paid to buy the shiny white metal. And so, i feel reluctant to buy more at these really high prices. However, this wars in my mind that any silver you are able to acquire now will pay you back 10x-100x. It may even go higher.
Bitcoin may be a better investment right now… maybe. But you can hold silver in your hands. I would definitely suggest that everyone get their hands on some of it.
The thing that i am very certain of, is that using the money you have sitting in your bank account to buy silver will be far better than leaving it in the bank. (However, get you some cash to stuff under your mattress. Because, when the banks go on holiday, cash will be king for a while.)
I really do not think that we are at the top of this silver bull market. And i know so many of the silver stackers are going to keep buying more silver. Well, at least while the coin shops still have inventory. Many of the online places are saying they are seeing a real shortage happening.