Not a chance.... as silver climbs, substitutes will be used for its industrial uses... You might see $50 again, but no chance of $100,000 unless all world economies are 99% lower then they are today...
RE: Why the potential for the Silver Price might be Limitless..!!
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Why the potential for the Silver Price might be Limitless..!!
You NEED silver for a lot of those industrial uses and it can't be substituted(or at least not yet anyways) so when silver goes those things will mostly likely go with it. I don't think it'll reach $100,000 but I definitely think it will be higher then gold before its all said and done.
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Agree that GOLD/SILVER ratio could actually flip to a SILVER/GOLD ratio as Silver deposits run dry. Current estimates suggest that all deposits will be fully mined by 2035. Then what? Can't imagine people will stop buying mobile phones..!!
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The industries will probably switch over to Graphene as a potential substitute.
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Everything can be substituted... if there is enough of an incentive. Silver will never be anywhere close to 100,000 an ounce. If you ever see $100 consider yourself lucky
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Well I guess we'll see won't we? :) I don't disagree with you that eventually it will be replaced but at this current point in time(and the foreseeable future) that just can't happen with how many uses silver actually has with different industries and no substitutes have really been found except multi-layer graphene and even then that's a big "maybe". So to me the price only has one way to go with all that demand stacked against it. Maybe not 100k oz but definitely way more then $100oz.
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Today's true Market Valuation is $135.80oz and that is without breaking out in a sweat. We have a very conservative target of $700.00oz by 2021. The really price discovery will come when the associated Financial Instruments need unwinding. This is a major problem.
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If it reaches $700oz I would be a very very happy man! :)
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So would a lot of other smart investors. This will be a transfer of wealth not witnessed in recent history. A real life changer for some people. It will make more millionaires overnight than anything else seen.
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Well Im looking forward to that for sure!
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True Market value? What is that? The "true price" is what someone is willing to pay for something... If you can find someone willing to pay $135 an ounce, show me where they are I want to sell them something ;)
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