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Originally posted by cortex
As it's crystal ball time here's my skrying
Gold will be at or above $10k/Oz before systemic collapse.
Silver will be at or above $500/Oz before systemic collapse.
After that all charts will be priced in gold, not $. So these final values will not mean very much.
It would be facepalm time if anyone got out at the top on this ride, sure you'd get $10k/Oz, but a short time later the $s would be toilet paper before you had time to convert it into real goods:
Originally posted by jude11
aah so grasshopper!
So buy a house with it rather than trade for cash and before it crashes!
Wipe on...Wipe off!
Originally posted by mblahnikluver
Well all I wear is silver and the cost going up is making it unaffordable to buy!
They are even putting diamonds in silver now because it's cheaper than gold...that I don't mind
Originally posted by Kelmi
I still think silver is highly undervalued!
Troughout time gold/silver ratio has been about 1/15. Now it more like 1/40.
So gold is about 15 times rarer than gold.
60% off all silver mined, goes straight to manufacturing and silver is so cheap its not recycled while all gold is recycled.
So my opinion is gold/silver ratio should be about 1/6 meaning 250/oz.
edit: silver now 37,75/oz
edit on 24-3-2011 by Kelmi because: edit to add
Originally posted by LS650
To my mind, having some gold and silver in rounds or small bars is not such a bad idea. Suppose your local area gets hit with a Katrina-size disaster, or something like the Japan tsunami. Your home is destroyed, and for a couple of weeks you have no access to bank accounts, etc. What are you going to do for money? If you have some precious metal in a bug-out bag, once you get to an unimpacted area, you'll at least be able to purchase a few essentials.
Originally posted by AmethystSD
Would you look at it go? I'd rather it dipped one more time so I could buy more. I'm not in a hurry to cash it in, so I'd rather have more. Come on silver, just one more dip...