Silver buyers.....silver to hit 125 in 90 days (in summer 2011)
- Thread starter puppetmaster
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Well, this is why I take personal predictions with a pinch of salt; "a friend of a friend heard a rumour..."
I do think precious metals, long term, are destined to go way up... mainly because both the US and the EU are going to have "no choice" (*) but to print, simply to keep up with payments on their runaway, exponentially growing debts.
(* Of course they have choice, but what's the actual chances of them spending within their means? lol)
However, nobody should make investment decisions based on RUMOURS. Or even RUMORS
I do think precious metals, long term, are destined to go way up... mainly because both the US and the EU are going to have "no choice" (*) but to print, simply to keep up with payments on their runaway, exponentially growing debts.
(* Of course they have choice, but what's the actual chances of them spending within their means? lol)
However, nobody should make investment decisions based on RUMOURS. Or even RUMORS
falconplayer11
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$40 today. Nice!
puppetmaster
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sure. but I want to wait till summer ends......I am still buying some. sorry to delay.
If you honestly thought Silver would hit 125 as soon as you think it would then you'd sink all your cash in options. Assuming no backwardation, you could turn 1000% profits AFTER taxes easily.
The question is, how sure are you it will happen within that time frame? I agree with the fundamentals of your analysis, but timing is critical. I don't like the guy but Keynes was right, "Markets can stay irrational longer than you can stay solvent."
The question is, how sure are you it will happen within that time frame? I agree with the fundamentals of your analysis, but timing is critical. I don't like the guy but Keynes was right, "Markets can stay irrational longer than you can stay solvent."
Sittin in about the same spot. Silver will hit $125 at some point but I want to know the insider info that was claimed to spur this thread.
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Looks like we are finally back where we started from!
puppetmaster
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New catalytic converters are able to use silver as a catalyst. Should put pressure on silver.
summer is up soon but hey it was a rumor and that's what I said it was.
summer is up soon but hey it was a rumor and that's what I said it was.
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So silver could replace platinum in catalytic converters? Considering platinum's price it makes sense an alternative would be discovered. Add it to silver's myriad of industrial uses. Now, if we could just get the banks to stop manipulating the price.
Zippyjuan
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Not exactly talking a lot of platinum to make a converter so impact on silver prices (assuming they use a similiar quantity of silver to the amount of platinum) on a global level won't be much. Currently, a catalytic converter only has about three to seven GRAMS of platinum in them and there are 31 grams in a troy ounce so you need about ten converters to use up an ounce. http://www.wired.com/autopia/2008/02/as-platinum-soa/
In 2009, there were roughly 5.5 million vehicles sold in the US. http://en.wikipedia.org/wiki/Passenger_vehicles_in_the_United_States so if you replaced every converter in every vehicle in the US If all of them were to put in silver catalytic converters, that would use between 16 million and 38 million grams or 516,,000 to 1.2 million ounces of silver . Compare that to 670 million ounces mined each year (2007 figures http://www.silverinsights.com/_pages/_statistics/statistics_1.html )
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