The Great Silver Price Myth – Whats Silver Really Worth?
The Great Silver Market Myth = Mirrored from silverguru www.youtube.com Silver-Investor.com When Silver Explodes www.silver-investor.com When considering whether silver is a good investment for the future, you might want to take a closer look at the current above ground supply of silver. A reasonable estimate is that roughly 1 billion ounces of silver currently exists above ground in investment grade form. This does not include the ounces of silver that need to assayed, melted, and recovered from what little silver is left in jewelry, silverware or sequestered away in electronics. But at least it’s something. Silver Derivatives and JP Morgan Chase’s Recent Billion Loss A classic example of the risks involved in derivative products that have no readily visible asset underlying them, such as synthetic credit and debt instruments, is the recent billion loss announced by JP Morgan Chase. When it comes to silver paper derivatives like futures and options, at least a real and visibly traded physical commodity underlies and determines the value of the paper trading vehicles. Nevertheless, the markets in these silver derivatives can be manipulated due to the lack of a requirement by futures exchanges for both the buyer and the seller to actually deliver the physical metal into a futures contract. Since only the seller typically has the right to instigate delivery into a futures contract, this means that silver futures sellers can have no physical to sell and yet still sell …
February 4th, 2013 at 7:39 am
You can manipulate statistics almost way you choose when you select your own time frames, no your wording there is incorrect but I know what you mean. But I was only trying to point out the value of silver can change and it can change fast, don’t believe it cant, Like I said if you brought at the 1980 high, or you buy at the high of this bull run, you may be under water for 30 or even 80 years. saying the value never changes is like saying buy at any price, even if you buy high. buy low!
February 4th, 2013 at 7:55 am
You can manipulate statistics almost way you choose when you select your own time frames. I started buying silver in 2010 when it was $20.00 an ounce and sold much of it when it went up the mid-$40′s a little over a year later. Also, while you can argue that all silver that was ever mined is still out there much of it is in landfills, dumps, and other irretrievable places of refuse – never to be used again.
February 4th, 2013 at 8:00 am
I looked at this video because I eventually got truly concerned with the economy and had no idea what to do. Hard cash does not necessarily mean anything any longer. Therefore I made a decision to do a little analysis and came across Goldiverse. I am just so fortuitous, I can easily change my savings from cash to several currencies, to any precious metal when ever I need. The federal government can go and take a jump for all I care. Just Bing and yahoo it Goldiverse.
February 4th, 2013 at 8:01 am
Good point. My response to that is, buy bat crap then, I am still going to buy silver.
February 4th, 2013 at 8:50 am
did you know silver can never be used up, it is impossible to destroy a silver atom, unless you use nuclear fusion. Every ounce of silver ever mined is still out there. Bat guano can be used up.
February 4th, 2013 at 9:26 am
In any case each has a value and each has a price.
Once you get that concept you are on the road
I just look at it as it is, dollars are an asset, silver is an asset, gold is an asset, dollar to silver is no different to silver to gold ratio. Value comes down to how much is produced and the cost to produce and with technology these will expand the silver production 10 fold.
February 4th, 2013 at 9:46 am
2 of 2
Black
you can always pit the price of one thing against another. After all the Gold/Silver ratio is played every day by those who understand it.
Cloths vs Cars could also be played – but it would be lonely out there trading cars for cloths and cloths for cars.
The price of any one thing does not parallel the price of another for very long.
Bread vs. Gas. or Bird seed vs. Dog food
In any case each has a value and each has a price.
Once you get that concept you are on the road
February 4th, 2013 at 9:57 am
1 of 2
Black
U r estute to say what you have about the price of silver vs cloths and houses.
But none the less if you were on a desert island Silver and cloths would have no Price but each would be of some value to you.
On the island Cloths would be much more valuable than silver as you alone on the island could use the silver for fishing. But you could keep warm with the cloths.
It is also rewarding that you understand what happened to silver after Jan 21st 1980 when it crashed.along with GOLD.
February 4th, 2013 at 10:56 am
Wrong, house prices in silver, clothing prices in silver, every price in silver changes. 2011 silver was at $48 and around a year later it hit $26.29, that is a loss of 46% of silvers value in dollars, in that same time houses, cars, just about everything did not drop 46%, therefore silver lost value. From 1980 to 1990 silver lost 1000% of it’s value to dollars while dollars gained Interest, so silver lost 1000% + the interest gained on dollars. most assets when up from 1980 to 1990 like houses.
February 4th, 2013 at 11:11 am
Black
The price of silver has been going up and down for hundreds of years. But the value has remained constant. You can do with silver what ever you can do with it. Therein lies the value. Demand from the public waxes and wanes but the Silver itself never changes. When a new use for silver comes to the forefront – that day is the day the value of Silver will change. Even if the price goes down that day the value will increase.
Value and price are two seperate things.
February 4th, 2013 at 11:16 am
No, wrong. far out. every stock, every commodity, every thing, even cows are traded on the derivatives markets, with leverage, 1000s of times more contracts than cows, oil, and more. this does not affect the price in the way your thinking. See if you buy 1000 silver contracts, some one is also sorting 1000 silver contracts, it’s a bet between the buyer and seller.
February 4th, 2013 at 11:59 am
Ag Value never changes but the price does, wrong, the value changes, How hell can you believe that? from the 2011 high to now, the value changed, how could you not know that?
February 4th, 2013 at 12:29 pm
Well Draining
U r way to young to know but there have been 4 RE bubbles in my life time – the RE thing is not new. Had one in 1990 but u missed it being only in grade school.
About your math – it only takes $1,000/person for a million people to have a billion dollars.
Silver is a non productive asset. Never does anything. that it what you guys think it is all about. Those who know how to make money do not have hoards of silver or gold.
Please show me one news letter advocating Ag from say 1995
February 4th, 2013 at 1:28 pm
Youtube only went online in 2005 so videos promoting PMs couldn’t possibly be posted
It was the newsletter writers, occassional guests on business shows, and authors of books that promoted PMs.
Jim Sinclair,
Max Keiser,
Gerald Celente,
Jim Rogerrs,
Richard Russel.
The real estate BUBBLE that was created didn’t include rental property for the most part. That bubble has cost millions of people billions of dollars while the mortgage peddlers made off like the bandits they were.
February 4th, 2013 at 2:27 pm
I spoke of 2001, NOT of 1980 which has nothing to do with the current situation. Nice red herring,
I never spoke of silver in 2001, I spoke of gold and didn’t buy until the trend asserted itself.
In 1980 I was 20 years old, and in university, I had no money to buy gold or silver.
Anyone who bets with his mouth and not his money has no credibility and should just shut the fuck up.
February 4th, 2013 at 2:59 pm
PLEASE direct me to the 2001 YOUTUBE video telling anyone to buy silver.. Quick – find just one video
Everyone laughed at you if you even said silver in 2001
Including you
in the mean time if you bought real estate in 2001 it went stright up then down and now heading up again along with 12 years of rents.
Silver (not that you bought even one ounce in 2001) is now up 600% from 2001 but is down 46% from 1980
How much did you buy in 1980
I bet you come back from vegas every week with a hero story
February 4th, 2013 at 3:22 pm
And we call that a MARKET ???
February 4th, 2013 at 3:45 pm
Many feel this is happening again few take histories warnings seriously, saying things like “we are more civilized/smart” (of course, we aren’t, or at least act like it) All while our politician’s talk of printing a trillion dollar coin to pay their bills.
We have everything needed, world depression, check, charismatic leader, check, high dependency on government, check, gun control,____
people should remember, Hitler didn’t register the guns, the previous republic did; he simply used the list
February 4th, 2013 at 4:01 pm
Of course I always wanted to collect the Aluminum German inflationary coin, which was 1923 (I think), 1 Trillion marks, uncirculated.
I have the German 10 & 20 marks pre WW-I coins which are reasonable size .900 fine gold coins.
I like to read about this era & how people used to use a wheel barrel of paper money to buy a loaf of bread. The economic misery of this era led to the rise of Hitler as everyone knows.
February 4th, 2013 at 4:55 pm
While no one can say for sure what metals will level out to after things stabilize after the collapse, one thing is for sure; they will be worth a LOT more then the old paper money at that point.
I’m thinking since so few people have any real money today, their will be a high demand for it, and the price will reflect that scarcity, something the government at that point will have 0 control over.
good find on the coin
February 4th, 2013 at 5:28 pm
I did say I was a little fuzzy on how it worked: but according to one of the leading authorities on French coinage of the era (G. Sobin), that’s what they did.
On the plus side, during my Xmas vacation, I “almost accidentally” picked up a gold 1 escudo coin, 1853, struck by Costa Rica. No cleaning or damage but is slightly circulated.
If you want research on how the French Gov’t devalued the silver coinage I’ll have to research it a bit more.
February 4th, 2013 at 6:27 pm
My plan is to purchase 1 oz of silver every week(at current market value). There’s 52 weeks in a year so if the price goes up maybe $60 oz in years to come that will be $3,120 pretty good investment if you ask me.
February 4th, 2013 at 6:51 pm
Funny but seriously… anybody who compares 7,000 YEARS of history where gold and silver were THE currencies of every empire with BATSHIT clearly has plenty of that particular resource already – between their ears.
February 4th, 2013 at 7:11 pm
Ya, here we go again. Fucking JUDAS of humanity trying to deflect the truth. Tell us, asshole, what did you say about those that were telling us to buy gold and silver in 2001 and 2002. Ya, those that listened, made out like bandits. Those that didn’t if they played it safe made a pathetic interest. Those that got scked into the markets got wiped out.
Please FUCK OFF.
February 4th, 2013 at 8:03 pm
Cruel it may sound, but take advantage of this blissful ignorance, or loss of interest in the general public about the economic system. Its rare to see people you meet who understand how this economic system we live under is a complete fraud.