Is ‘triple digit silver’ inevitable? How could the price ever go that high? Join Mike Maloney and his guest Keith Neumeyer for an in-depth look at the silver market, and why they both believe that silver is the most undervalued asset on the planet. This is Part One of a two-part discussion, make sure you are subscribed so that you don’t miss Part Two (coming soon).
They've been saying the same shit for a very, very, very, long time !
Yes and silver is one metal that is consumed. So its supplies are getting extremely limited, and more so as time passes. The prices are being suppressed by the bankers such a JP Morgan. Sooner or later the price will explode. Time will tell. ;)
"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke
The official price is the price as determined from the paper markets so its distorted. We do see the shortage at the current prices through the fact that miners will not mine primarily for silver, but for other metals like copper, and the silver they extract as a consequence of mining silver is what goes to market.
It has been successfully manipulated. JP Morgan was busted not long ago for silver manipulation for many years, though the fine they paid is a drop in the bucket compared to what they criminally extracted from the market. And of course, none of the fine goes to compensating those they defrauded.
Sooner or later the price will explode. Time will tell. ;)
We should know by 2225. I'm not planning on being around by 2025.
The light that burns twice as bright, burns half as long. - Dr. Eldon Tyrell
Godfrey Smith: Mike, I wouldn't worry. Prosperity is just around the corner. Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner. My Man Godfrey (1936)
Big Amen, seriously doubt that I'll live to see it hit forty/oz.
“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
I'm guessing we're both respecting the same schooling of Mike Maloney so you'll probably hear the same from me.
As far as silver supplies go, compared to gold, silver has more industrial uses. It is more plentiful but not tot the extent that he price ratio suggests. The basic thinking is that as industry demands use up supply, the price has to go up. That argument does admittedly run contrary to the idea that price manipulation is artificially suppressing the price.
As to the question of Silver supplies "becoming extremely limited", I can't speak to that in any detailed way or authoritatively as I'm no miner and not in the industry. The Covid lockdown would, I expect, have quashed industrial demand for silver just like everything else. Once the lockdown is lifted and things can get back to normal, demand for silver (and everything else) will go up which should reasonably put pressure on prices to rise.
It's fun to hope and dream, but I personally find all predictions a crashing bore. Bibble prophecy is the worst -- I tell fundies God don't want no clock watchers! Look at this -- OVER FOUR FERSHLUGGINER HOURS WORTH www.youtube.com/watch?v=w7WUBTCyCbs
USA! USA! USA! Bringing you democracy, or else! there were strains of VD that were incurable, and they were first found in the Philippines and then transmitted to the Korean working girls via US military. The 'incurables' we were told were first taken back to a military hospital in the Philippines to quietly die. – 4um