Old silver meets new silver

Computer_Fox said:
If China attack Taiwan with the chip manufacturing silver will fall below $10 again. No Chips no tech technology.
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no chance

30% of silver is used for tech items, its going to rise to 80%, this silver is too small to be retrievable so is scrapped. There is also 5 times the paper amount of actual silver than actual.
Silver as also been surpressed massively for 80 years or more.
 
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Good ole Golsman Sachs will bring the precious metals down again once the sell off is triggered, I'm a buyer at £13 considering the GBP weakness...
 
I have invested in commodity cycles before. Especially boom and busts. Ignore the noise and talking heads. If the miners are taking on alot of debt, Bonds to either buy each other out, Warning Flag 1, Taking on alot of debt to open new mines, Warning flsg 2. Keep those 2 critical points in your back pocket.

11% of global silver is going into Solar Panels. You know I understand this market very well M. With Fosil fuel prices at 2023 prices Renewable Energy Solar and Battery storedge is economically ok. If and when Fossil fuel (crude oil- Nat gas) return to mean or average or global recession the demand for renewables will disappear overnight without significant government incentives (not going to happen)

Silver is a bi-product of copper (or another commodity) for example. The cost of production is not to be seen or viewed as the cost of production of Gold. Some talking heads will say that "silver must be at £26 an OZ for break even" I would be shorting that miner's common stock if that was the case.

Could Silver get pushed to $100 ? Possibly, Unlikely and fleeting if this occurs. We are heading into a potential recession, Silver does not perform well in a recession historically.

The global renewable energy targets 2030 and 2050 will want renewable energy products to be affordable for not just the 1st world or developed world but also the 3rd world. Again, if Oil-Nat Gas Electricity prices tumble that would wipe 11% of silver demand overnight.
 
Computer_Fox said:
I have invested in commodity cycles before. Especially boom and busts. Ignore the noise and talking heads. If the miners are taking on alot of debt, Bonds to either buy each other out, Warning Flag 1, Taking on alot of debt to open new mines, Warning flsg 2. Keep those 2 critical points in your back pocket.

11% of global silver is going into Solar Panels. You know I understand this market very well M. With Fosil fuel prices at 2023 prices Renewable Energy Solar and Battery storedge is economically ok. If and when Fossil fuel (crude oil- Nat gas) return to mean or average or global recession the demand for renewables will disappear overnight without significant government incentives (not going to happen)

Silver is a bi-product of copper (or another commodity) for example. The cost of production is not to be seen or viewed as the cost of production of Gold. Some talking heads will say that "silver must be at £26 an OZ for break even" I would be shorting that miner's common stock if that was the case.

Could Silver get pushed to $100 ? Possibly, Unlikely and fleeting if this occurs. We are heading into a potential recession, Silver does not perform well in a recession historically.

The global renewable energy targets 2030 and 2050 will want renewable energy products to be affordable for not just the 1st world or developed world but also the 3rd world. Again, if Oil-Nat Gas Electricity prices tumble that would wipe 11% of silver demand overnight.
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The banks are going, it'll be a new world and tangible and historic systems will be all we can fall back too.

I'm in quite deep and I'm more than happy with my decision to back silver, I'm that confident that l keep contemplating buying more, I'm resisting the urge at present as I'm covered.
 
The true ration between gold and silver should be 16.1 to 1.
At this moment in time would put silver at £101 an ounce.
A common thought through history is that an ounce of silver should equal a days wage so oddly enough the 16.1 to 1 ratio isn’t far off today.
 
Richardvanles said:
Let’s hope it happens soon, I can retire then.
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We are in unprecedented times that I believe will bring out more of Silver's value as a precious metal once Gold becomes out of reach. Once people start to become more interested in PM's it will be too late for a lot of them and they will turn to silver.
 
Richardvanles said:
The true ration between gold and silver should be 16.1 to 1.
At this moment in time would put silver at £101 an ounce.
A common thought through history is that an ounce of silver should equal a days wage so oddly enough the 16.1 to 1 ratio isn’t far off today.
Click to expand...
Imagine the premium at £101/Oz? It will still be a bargain.
 
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