Get ready for a Ride:
No, I'm not psychic, but I've been forecasting a rise in silver for a while and I stand by my prediction. The recent info about the GDP going down, basically means that the debt ratio between government debt and the gross domestic product is going to rise. That means more printing of money. Means a weaker dollar. This is where silver and gold come into play.
Normally; precious metals, the stock market, the dollar, bonds/CD's/T-bills, and interest rates all affect each other. Unfortunately, since the 2008 crash, the affect each has had on each other hasn't been the way it should have been or was in the past. I still believe that there's a lot of manipulation going on. Especially for the precious metals.
I truly believe that silver is going to go up, no matter what happens. 1st; it's been suppressed for way too long; and 2nd; unlike gold, silver has many uses. Gold is basically an investment with some use in Jewelry. Silver on the other hand has a lot of industrial uses. One of the biggest is solar panels and solar energy.
So, if the economy and dollar tank, Silver will go up. If the economy and dollar get stronger, then employment will go up and industrial manufacturing will rise, and the need for silver will go up, and thus; Silver will go up. People are watching the daily ups and downs, but they have no idea what it really means. For the last 5 months or so, the price of silver and gold has basically been flat. Yes, in a few days it has gone from $33 to $31, but if you look across the entire 5 months, it's basically held between $30-$33. That is not a big drift. Basically 10%. The value of silver, and gold to an extent, is being held down. But it can't keep doing so. All the possible scenarios basically mean silver must go up. Economy crashes; people put money in precious metals and silver goes up. Economy does well, manufacturing increases and more silver is used, and because of it's rarity, silver goes up. People don't trust the dollar or any fiat currency; they buy silver; silver goes up.
Bottom line: I believe silver is getting ready to start TRULY heading up. Is it going to double in price in 1-2 months? Doubtful. But it, as well as gold, is going to hit a particular price, where governments, the cartel, banks, brokerages, etc... will no longer be able to manipulate it and hold it back. In the 80's silver hit $50 an ounce. People look at $50 an ounce today and think that it's possible. Well; they forget to include inflation. For silver to be worth today, what it was when it hit $50 an ounce in the 80's, means that silver will need to get to around $130-$150 an ounce. And yes, I think it's going to do that. Will it sustain? I don't know. But I do believe that pretty soon, the "Normal" price will be in the $50-$70 range. Get ready for a ride. It's going to be fun. That's why you should be buying silver now. Whether you are buying it like me; to reduce debt or buy things at a big discount; or you're buying because you don't trust the dollar/economy or you think a total crash is coming, is not important. What is important, is that the price of silver IS GOING TO GO UP. I truly believe that. And because silver has been at the $30-$33 range for such a long time, you should be buying it now. A 10% swing is nothing compared to where it's going to go. CYA: SE
No, I'm not psychic, but I've been forecasting a rise in silver for a while and I stand by my prediction. The recent info about the GDP going down, basically means that the debt ratio between government debt and the gross domestic product is going to rise. That means more printing of money. Means a weaker dollar. This is where silver and gold come into play.
Normally; precious metals, the stock market, the dollar, bonds/CD's/T-bills, and interest rates all affect each other. Unfortunately, since the 2008 crash, the affect each has had on each other hasn't been the way it should have been or was in the past. I still believe that there's a lot of manipulation going on. Especially for the precious metals.
I truly believe that silver is going to go up, no matter what happens. 1st; it's been suppressed for way too long; and 2nd; unlike gold, silver has many uses. Gold is basically an investment with some use in Jewelry. Silver on the other hand has a lot of industrial uses. One of the biggest is solar panels and solar energy.
So, if the economy and dollar tank, Silver will go up. If the economy and dollar get stronger, then employment will go up and industrial manufacturing will rise, and the need for silver will go up, and thus; Silver will go up. People are watching the daily ups and downs, but they have no idea what it really means. For the last 5 months or so, the price of silver and gold has basically been flat. Yes, in a few days it has gone from $33 to $31, but if you look across the entire 5 months, it's basically held between $30-$33. That is not a big drift. Basically 10%. The value of silver, and gold to an extent, is being held down. But it can't keep doing so. All the possible scenarios basically mean silver must go up. Economy crashes; people put money in precious metals and silver goes up. Economy does well, manufacturing increases and more silver is used, and because of it's rarity, silver goes up. People don't trust the dollar or any fiat currency; they buy silver; silver goes up.
Bottom line: I believe silver is getting ready to start TRULY heading up. Is it going to double in price in 1-2 months? Doubtful. But it, as well as gold, is going to hit a particular price, where governments, the cartel, banks, brokerages, etc... will no longer be able to manipulate it and hold it back. In the 80's silver hit $50 an ounce. People look at $50 an ounce today and think that it's possible. Well; they forget to include inflation. For silver to be worth today, what it was when it hit $50 an ounce in the 80's, means that silver will need to get to around $130-$150 an ounce. And yes, I think it's going to do that. Will it sustain? I don't know. But I do believe that pretty soon, the "Normal" price will be in the $50-$70 range. Get ready for a ride. It's going to be fun. That's why you should be buying silver now. Whether you are buying it like me; to reduce debt or buy things at a big discount; or you're buying because you don't trust the dollar/economy or you think a total crash is coming, is not important. What is important, is that the price of silver IS GOING TO GO UP. I truly believe that. And because silver has been at the $30-$33 range for such a long time, you should be buying it now. A 10% swing is nothing compared to where it's going to go. CYA: SE
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