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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
 Posted - 11/10/2007 : 21:13:32
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Ran across this web site, which shows the silver demand and supply sources and uses.
You must be logged in to see this link.
I think it's time to buy as much silver as possible. Industrial use has risen every year for the last 5 years, production is constant and actually decreasing in major mining companies. The supply has kept up with the demand only due to the drop in photography, switching to digital, but that will only decrease so far.
Some industrial applications are expected to explode in coming years.
Here's some of the uses:
Fuel Cell Batteries, Bearings, Brazing and Soldering, Catalysts, Electrical, Electronics, Electroplating, Photography, Medical, Applications, Mirrors and Coatings, Solar Energy, and Water Purification.
Based on everything I'm seeing, Silver is a great investment.
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fiatboy
Administrator
912 Posts |
Posted - 11/10/2007 : 22:59:38
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Good find! Time to add some more silver to my embarrassingly meager stash.
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 11/10/2007 : 23:32:47
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I love silver. I buy it often. I think it will be a good buy until it hits $25. $1000 buys a lot of silver. I like 90%. I think a lot of people overlook 90%. Fairly cheap too.
Deal
I'm so sick over pennies....I frequently trade a dime or two for the whole "take-a-penny" container if sufficient coppers exist. That will get you some odd looks. |
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n/a
deleted
192 Posts |
Posted - 11/11/2007 : 00:04:04
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I'm interested to know what about 90% silver interests you the most.
When you say 90%, I assume that you mean pre-1964 US coinage, right?
I bought some early on, but since then, I've stuck to buying silver rounds.
I would love to hear the board discuss the merits / demerits of 90% coins.
This board may have in the past had such a thread, but I wonder if the participants here have learned more about it or refined their opinions about it?
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Don't believe everything you think. |
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 11/11/2007 : 09:04:00
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| I think the silver rounds would be your cheapest option to invest in silver. I have very few. I have always stuck with the silver coinage. I mainly choose Morgans. I'm truing to figure out my next move. All I know is want to invet here even at today's prices. |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 11/11/2007 : 13:35:18
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Let me start by saying: I'm a Silver FREAK! I've spent a lot of time researching it, PM's, Base Metals and economics in general. Silver is currently a once in a lifetime opportunity.
Within the next 5 years, you will laugh at how cheap it currently is at $15/ozt.
Gold is headed for many thousand dollars per ounce...perhaps even $10k to $30k....depends on how much hyper-inflation we experience. Hech, it needs to get to about $2500/ozt just to equal the 1980 peak of $850...and that is using the lying government CPI number....probably more like $4000 - $5000 will equal real purchasing power of 1980.....so, gold at $850/ozt is currently cheap.
Silver:Gold ratio is about 52:1 right now....back when the two were "Money"...the ratio was set around 16:1.....let's say is goes back to even 25:1...half what it is right now....assume gold at even $3000/ozt = Silver at $3000/25 = $120/ozt. $120 Silver is my MINIMUM target in the not too distant future (5 - 10 years).
Ever read Ted Butler....he strongly feels there are 1 Billion ozt of short "Paper Silver" that must be covered at some point....
There might only be about 1B - 5B ozt of silver in the world right now. It is hard to put a number on it because 90% ever produced has been consumed and is gone forever. Gold on the other hand, 90% of it produced in the past 5000 years is still here with us. BTW: there are about 4B ozt of Gold (1B held by guys like us, 1B in Central Banks, 2B in Jewlery...mostly US, Asia).
There is a strong argument that there is less silver than gold in the world right now.....and silver is very useful to industry....gold is just about useless.
If you can stand the swings of the stock market, these are about 5 big boys in the silver mining industry: SLW,PAAS,SSRI,HL,CDE...several of these are knocking on 100% YTD returns.
While we are on stocks: It now takes about 16 ozt gold to buy the DOW....just 2 months ago it was 18 ozt glod.....in 2001 it was 44 ozt gold....the trend will end at "a few"/perhaps 1 single ozt to buy the DOW....so when they say DOW = 14,000!!! A New Record....don't believe it! The DOW is currently about 70% off it's gold peak of 44 ozt. THAT IS NOT A RECORD HIGH! Just last week the DOW lost 10% against Silver. It takes 10% less silver to buy the DOW this Monday vs. last Monday.
Prediction: DOW = 30,000 and Gold = $10,000 and Silver = $350 at some point in the next 10 years....probably in the next 5 years.
As for 90% "Junk" pre-1965 coins: I like these as a form of "Change" for 1 ozt silver bullion. If the UDS collapses....we will be bartering and silver/gold will be the money of the day. This is when 90% will be useful.
These are just my opinions.
M41/1USMI:US1Cu397000,CA1Cu328000,CA5Ni35000....total Cu = 724,000. |
Edited by - c140cessna on 11/11/2007 13:56:43 |
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 11/11/2007 : 18:52:41
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| I don't believe gold will reach the $10,000 number as there is very little gold used in industrial usage. Silver I can see there becasue you either purchase the silver at any price or go out of business. The production numbers will go up for gold as they have year after year. Silver keeps going down despite the price. |
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fiatboy
Administrator
912 Posts |
Posted - 11/11/2007 : 21:32:31
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I'm quite bullish on metals, especially silver, but I honestly can't believe that silver is or ever will be rarer than gold---and therefore, more expensive than gold. Imagine if all those canvas bags full of 90% silver were actually filled with Krugerrands or Maples. And that the 90% coins were sold individually at prices higher than today's gold prices.
"How much for that '64 Kennedy?"
"Seven hundred dollars."
"And the Morgan?"
"Fifteen hundred."
Or will the gold price crash, but the price of silver will remain strong? Will silver lead gold? Is any of this even remotely possible?
I have no doubt that over the next 5 to 10 years we'll see some crazy things happen in the metals markets, including a fantastic showing from lowly silver, but will silver reach for the angels like gold?
No way.
All bets are off when it comes to metals prices, but silver rarer than gold? It was never even in the cards.
History tells us all we need to know. Gold is gold. Silver is silver.
I think Kipling said it best:
GOLD is for the mistress—silver for the maid—
Copper for the craftsman cunning at his trade.”
“Good!” said the Baron, sitting in his hall,
“But Iron—Cold Iron—is master of them all.”
And don't forget that last line!!!
(A rare instance of my interests in metals and English literature overlapping. LOL)
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Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 11/12/2007 : 01:40:45
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I believe I wrote this elsewhere, I think, back in 1972 I bought $18,000 dollars worth of silver at $2.40 plus 0.50 cents for a total of $2.90 and sold it in 1980 at $46.64.....man oh man, talking about a guy going crazy with all that cash.
The silver that I now hold I do it as a survivalist and not as an investor...... as a matter of fact I am paying for my gas with one oz silver rounds for an average of $1.16 per gallon.
"If you don't hold it, you don't own it"...Ponce |
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Silver Demand & Supply
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