Silver Price Watch
- Thread starter STKR
- Start date
Don't you worry. We are sitting on the most suppressed commodity in the world. Demand will take care of the SP. My go on it, close to 100 end of next year, anything over that bonus
Is that your exit number? I just don't see ANYTHING worth planting my $$ into if I sold up. If you have a plan or ideas then I'm genuinely curious to hear it. I used to think that maybe I could loan against my metal but the few companies that offer this service charge a high interest rate.
As an investor you must have a plan. Unfortunately when I first got into silver i fell in love with it and just kept buying it not for its monetary value, that never crossed my mind only its beauty and for its properties. I bought so much that it consumed my soul.... hence my forum name. I have studied the pos for decades and will keep buying it until I'm in coffin. Before I go down that road i want to give my stash to a poor kid or bury it for some clumsy idiot that digs it up out of the ground
Yes i understand that drivel. But hommie when silver let's go! By fuck it will go
I own a shovel. All I need is a map
I never really viewed my silver as that kind of investment. It was more a means to preserve something outside of the system. I did imagine there'd be a time where we enter a new monetary paradigm and silver may present opportunities to buy property at a discount or start another venture. TBH I think PM's will always be a part of my life in some way. For now it's a highly liquid asset that can be converted into cash in a flash, so it serves its function as insurance and a savings strategy for now. One day silver might be recognised by all as something worth considerable value and loaning against it will be more viable. Time will tell. I can see silver reaching $300-$500 within the next 10 years if the worlds consumption remains consistent.
Current COMEX holdings are meant to be almost 500 million Oz's. This has risen from 300 million Oz's last year. The question remains: Where did they get the silver from? We've seen multi-year deficits, so it certainly wasn't from mine supply or scrap metal refining. Look at that parabolic supply from January to March this year. I call BS. It looks like they clicked a few buttons and just added 180 Million Oz's.
datatrack.trendforce.com
This is the 10 year view
COMEX Inventory: Silver | DataTrack
The COMEX Inventory: Silver is published by the Commodity Exchange Inc. (COMEX). This indicator is used to track the amount of silver held in COMEX-approved warehouses. It serves as a key benchmark for assessing supply levels and potential market movements in the silver market. A high inventory...
datatrack.trendforce.com
This is the 10 year view
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