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RE: Why the potential for the Silver Price might be Limitless..!!
You NEED silver for a lot of those industrial uses and it can't be substituted(or at least not yet anyways) so when silver goes those things will mostly likely go with it. I don't think it'll reach $100,000 but I definitely think it will be higher then gold before its all said and done.
Agree that GOLD/SILVER ratio could actually flip to a SILVER/GOLD ratio as Silver deposits run dry. Current estimates suggest that all deposits will be fully mined by 2035. Then what? Can't imagine people will stop buying mobile phones..!!
The industries will probably switch over to Graphene as a potential substitute.
Everything can be substituted... if there is enough of an incentive. Silver will never be anywhere close to 100,000 an ounce. If you ever see $100 consider yourself lucky
Well I guess we'll see won't we? :) I don't disagree with you that eventually it will be replaced but at this current point in time(and the foreseeable future) that just can't happen with how many uses silver actually has with different industries and no substitutes have really been found except multi-layer graphene and even then that's a big "maybe". So to me the price only has one way to go with all that demand stacked against it. Maybe not 100k oz but definitely way more then $100oz.