Silver Prices Hitting the Roof

[Cavedweller]

This is the second year in a row that more silver was used than was mined. AI requires a ton of silver as do most electronics. More mining will only turn a profit if the price per ounce reaches $90. Silver is mined at 7-1 over gold and yet gold holds a 80-1 advantage in price. Those numbers suggest silver is severely overvalued. The magic number for me to sell is $80. If it drops and i lose not a big deal as my gold profits already paid for all my silver and then some. But honestly i believe silver is just gonna keep going up

I'm not so sure about your numbers. There are only a few pure silver miners. Most silver production is a by-product of gold, copper, or other metal mining. Historically speaking, a G/S ratio of 80 does not indicate that silver is overvalued relative to gold. See the charts at https://goldprice.org/gold-silver-ratio.html

If you believe silver is overvalued, why do you think it will keep going up? You've got me confused.

 

[21tango]

I'm not so sure about your numbers. There are only a few pure silver miners. Most silver production is a by-product of gold, copper, or other metal mining. Historically speaking, a G/S ratio of 80 does not indicate that silver is overvalued relative to gold. See the charts at https://goldprice.org/gold-silver-ratio.html

If you believe silver is overvalued, why do you think it will keep going up? You've got me confused.

I meant undervalued. Typo

 

[40nascar]

Wow. If a guy bought a bunch back before 2019 he would be a genius.

Thank you!

 

[albin25]

So….
-I buy some gold/silver 'cuz the dollar's soon gonna be worthless
- gold/silver doubles in value
-I sell my gold/silver for a big payday….
….. for dollars that are gonna soon be worthless.

The circle of life?

 

[21tango]

So….
-I buy some gold/silver 'cuz the dollar's soon gonna be worthless
- gold/silver doubles in value
-I sell my gold/silver for a big payday….
….. for dollars that are gonna soon be worthless.

The circle of life?

Nah…. Dollar is never gonna be worthless. Silver and gold are just another way to protect your wealth when the dollar is down.

 

[TJTAC]

And gold! This is not a good thing. Basically means, the world has lost faith in the US dollar. Not good at all.

Our dollar is a fiat dollar and is no longer used much outside the US. This is a good thing... buy all the silver you can. Its our next currency.

 

[TJTAC]

Nah…. Dollar is never gonna be worthless. Silver and gold are just another way to protect your wealth when the dollar is down.

The US dollar is already worthless on the world market. It soon will be here as well.

 

[wired]

The US dollar is already worthless on the world market. It soon will be here as well.

The Dollar is up against the Yuan and Yen and down 15% against the Euro. Not quite worthless. The economic policies of the US, yes, tariffs, have made it impossible to keep the dollar as a reserve currency though. Gold is becoming the reserve currency if not the backing currency as central banks pull back from the dollar for hedge needs. If the courts throw out the tariffs, which I think might happen soon, expect to see the price of gold plummet which may trigger a recession as money disappears. In any case they'll be over in 3 years regardless which may trigger a recession at that point.

 

[Alexx1401]

So….
-I buy some gold/silver 'cuz the dollar's soon gonna be worthless
- gold/silver doubles in value
-I sell my gold/silver for a big payday….
….. for dollars that are gonna soon be worthless.

The circle of life?

Kind of like the old joke about setting up so in 40 years you have a million bucks at retirement that will by that time be worth almost nothing.

 

[Alexx1401]

The Dollar is up against the Yuan and Yen and down 15% against the Euro. Not quite worthless. The economic policies of the US, yes, tariffs, have made it impossible to keep the dollar as a reserve currency though. Gold is becoming the reserve currency if not the backing currency as central banks pull back from the dollar for hedge needs. If the courts throw out the tariffs, which I think might happen soon, expect to see the price of gold plummet which may trigger a recession as money disappears. In any case they'll be over in 3 years regardless which may trigger a recession at that point.

So we may or may not have a recession, building up debt that is to the moon is fine, tariffs will crash the economy, but the courts may stop them, at which time the economy will crash because the courts stepped in?

 

[wired]

So we may or may not have a recession, building up debt that is to the moon is fine, tariffs will crash the economy, but the courts may stop them, at which time the economy will crash because the courts stepped in?

All of the above. Irreversible road to destruction at this point .


Some crashes are like slow moving freight trains headed at your car stuck on the tracks. 1928, 2001, 2008 were all painfully obvious they would occur. I'm guessing 2026 will be the gold crash .

 

[Bobbygun]

All of the above. Irreversible road to destruction at this point .

You are definitely not a "glass half full" kinda guy. Sounds like I should convert my Krugerrand into a Colt Python soon.

 

[wired]

You are definitely not a "glass half full" kinda guy. Sounds like I should convert my Krugerrand into a Colt Python soon.

or 3

 

[Bobbygun]

or 3

Lol. That Krugerrand wasn't an investment on my part. It was a gift from a relative years ago. I was a little shocked when I pulled up its value the other day.

My local store doesn't have the Python in stock right now, but they do have that same .45 Colt Anaconda you were flashing pictures of the other day. That would make two...

 

[wired]

Lol. That Krugerrand wasn't an investment on my part. It was a gift from a relative years ago. I was a little shocked when I pulled up its value the other day.

My local store doesn't have the Python in stock right now, but they do have that same .45 Colt Anaconda you were flashing pictures of the other day. That would make two...

Let me know if you need an intermediary on the python . Great gun

 

[40nascar]

So….
-I buy some gold/silver 'cuz the dollar's soon gonna be worthless
- gold/silver doubles in value
-I sell my gold/silver for a big payday….
….. for dollars that are gonna soon be worthless.

The circle of life?

No, take advantage of the imbalance. One tube ( 20 pieces ) of One ounce silver rounds now buys an Entry level AR and 1000 rounds of ammo. That's pretty awesome appreciation, doubling ( price of silver and Gold) just in the last 2 years.
Some of my gold I have had for a little over 20 years, when it was $270 an ounce.
I am not a buyer at today's prices. Doubling in the last two years is a pretty steep appreciation, historically. I am now a dollar cost seller into the future as the price trends keep edging up. The firearms ,ammo, tires, 4wd purchases my metals stash is enabling me to now purchase is more valuable to me than holding onto the metals. Especially now upon entering my retirement, while I still have the health to enjoy the shooting sports and outdoors.

 

[Mono1]

Our dollar is a fiat dollar and is no longer used much outside the US.

That might be a common misconception. The fact is that 75 to 80 percent of all US currency is held outside the United States.

The world considers it "good as gold".

The reason for that, is the US has never cancelled its currency. Most countries, including most European contries cancel their currencies on a regular basis. What happens is this: They design a new bill, and then announce that the old design will no longer be honored after a certain date (say, six months from now). If you possess paper currency, you have until that date to bring it to a bank and exchange it for the new currency, after which it becomes worthless.

It is a means to collect more taxes, because as soon as you show up with a bunch of the old currency you will be required to pay taxes on it unless you can prove you already did.

As a consequence, businessmen the world over, drug lords, what-have-you, legit or not, have learned that the USD is the only place to be.

It's only within the United States that for some reason people have little regard for their own money.

 

[40nascar]

That might be a common misconception. The fact is that 75 to 80 percent of all US currency is held outside the United States.

The world considers it "good as gold".

The reason for that, is the US has never cancelled its currency. Most countries, including most European contries cancel their currencies on a regular basis. What happens is this: They design a new bill, and then announce that the old design will no longer be honored after a certain date (say, six months from now). If you possess paper currency, you have until that date to bring it to a bank and exchange it for the new currency, after which it becomes worthless.

It is a means to collect more taxes, because as soon as you show up with a bunch of the old currency you will be required to pay taxes on it unless you can prove you already did.

As a consequence, businessmen the world over, drug lords, what-have-you, legit or not, have learned that the USD is the only place to be.

It's only within the United States that for some reason people have little regard for their own money.

Federal Reserve notes are a floating currency that is not lawful money according to Article 1, section 10 of our Constitution. Only Gold and Silver are lawful money in the USA. You cannot inflate scarce metals that are mined out of the ground. The Federal Reserve act of 1913 is facially Unconstitutional and should have been thrown out by the Courts, decades ago.

 

[Mono1]

Federal Reserve notes are a floating currency that is not lawful money according to Article 1, section 10 of our Constitution. Only Gold and Silver are lawful money in the USA. You cannot inflate scarce metals that are mined out of the ground. The Federal Reserve act of 1913 is facially Unconstitutional and should have been thrown out by the Courts, decades ago.

Well yeah. There's that.

 

[wired]

That might be a common misconception. The fact is that 75 to 80 percent of all US currency is held outside the United States.

The world considers it "good as gold".

The reason for that, is the US has never cancelled its currency. Most countries, including most European contries cancel their currencies on a regular basis. What happens is this: They design a new bill, and then announce that the old design will no longer be honored after a certain date (say, six months from now). If you possess paper currency, you have until that date to bring it to a bank and exchange it for the new currency, after which it becomes worthless.

It is a means to collect more taxes, because as soon as you show up with a bunch of the old currency you will be required to pay taxes on it unless you can prove you already did.

As a consequence, businessmen the world over, drug lords, what-have-you, legit or not, have learned that the USD is the only place to be.

It's only within the United States that for some reason people have little regard for their own money.

Old news. The dollar is being dumped en mass as our Treasury and leadership have decided they dont want to participate in the worlds economy and have torn up trade agreements. Reserve has shifted back to Gold and to an extent silver as a currency reserve. We have seen a slice of it so far but real inflation is coming.