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Thread: There really is hope for the price of silver

  1. #1
    Join Date
    Nov 2017
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    391

    Default There really is hope for the price of silver

    I have been reading and hearing for the past twenty two years about the coming (but never arriving) major silver shortage. Will it ever happen in real time?



    https://www.kitco.com/news/2023-08-0...als-Focus.html

  2. #2

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    It will happen. Will it be in our lifetime?
    "Compulsory altruism is none too altruistic." - me

    "All of us necessarily hold many casual opinions that are ludicrously wrong simply because life is far too short for us to think through even a small fraction of the topics that we come across." -- Julian Simon

  3. #3

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    If they keep mining silver to the tune of a billion ozs per year the price will not moon. Every upswing will be met with small and large hoards being found and immediately sold.
    "That's not money" - Ben Bernanke

  4. #4

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    Silver always disappoints. You would think that we would be at least in the 35 range at this point.

  5. #5

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    Quote Originally Posted by aberdeen View Post
    I have been reading and hearing for the past twenty two years about the coming (but never arriving) major silver shortage. Will it ever happen in real time?



    https://www.kitco.com/news/2023-08-0...als-Focus.html
    Nope. Not anytime soon.

  6. #6

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    Quote Originally Posted by Atlas Shrugged View Post
    Silver always disappoints. You would think that we would be at least in the 35 range at this point.
    I agree with this. If there is a cabal suppressing the price, they are doing a hell of a job.

    Just a few blips every ten or 20 years.
    "Compulsory altruism is none too altruistic." - me

    "All of us necessarily hold many casual opinions that are ludicrously wrong simply because life is far too short for us to think through even a small fraction of the topics that we come across." -- Julian Simon

  7. #7
    Join Date
    May 2013
    Posts
    1,491

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    With premiums what they are...If I were a miner, I would get some stamping machines and start minting my own rounds & bars.

    Ag guy
    live for today, admit your faults, do the right thing (even if you don't want to) & trust God!
    This life is the training of the soul for the life to come. (accept that we live in a fallen world)
    Whether you know it or not, you are a spiritual eternal being! Ag guy

  8. #8

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    Quote Originally Posted by Ag guy View Post
    With premiums what they are...If I were a miner, I would get some stamping machines and start minting my own rounds & bars.

    Ag guy
    I believe that's what Kieth Neumeyer at First Majestic did. Stock symbol AG. I've ridden that pony up & down more than once.

    That aside, I found another story about the looming shortage of silver -
    https://schiffgold.com/commentaries/...rket-dynamics/

    Then I took a look at some published data -
    https://www.lbma.org.uk/prices-and-d...don-vault-data

    The published data shows about a 20% drop in LBMA inventory during 2022, then a leveling off for pretty much all of this year so far. The answer in that data set is not the same as the statement from that vendor.

    That being said, I am bullish on silver at this time. I do see now as a buying opportunity on a medium to long term basis due to the silver/gold ratio being what it is & what it has been. The flattening of the down trend in silver price also hints that now may be a short term opportunity. I am less confident in the short term than the long term, but I feel pretty good about the short term. ...That is, assuming that premiums aren't crazy. I haven't looked at that in a while. If premiums are too bad, I may need to look at paper (yuck).

    But of course, these are just the musings of a silly old fool. DYODD
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  9. #9
    Join Date
    Mar 2009
    Posts
    11,763

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    Quote Originally Posted by SilverPalm View Post
    I believe that's what Kieth Neumeyer at First Majestic did. Stock symbol AG. I've ridden that pony up & down more than once.

    That aside, I found another story about the looming shortage of silver -
    https://schiffgold.com/commentaries/...rket-dynamics/

    Then I took a look at some published data -
    https://www.lbma.org.uk/prices-and-d...don-vault-data

    The published data shows about a 20% drop in LBMA inventory during 2022, then a leveling off for pretty much all of this year so far. The answer in that data set is not the same as the statement from that vendor.

    That being said, I am bullish on silver at this time. I do see now as a buying opportunity on a medium to long term basis due to the silver/gold ratio being what it is & what it has been. The flattening of the down trend in silver price also hints that now may be a short term opportunity. I am less confident in the short term than the long term, but I feel pretty good about the short term. ...That is, assuming that premiums aren't crazy. I haven't looked at that in a while. If premiums are too bad, I may need to look at paper (yuck).

    But of course, these are just the musings of a silly old fool. DYODD
    SilverPalm. I believe Sunshine Mint makes the rounds and bars for First Majestic. I own a few bars and there was a ticket inside that said they were minted at the Sunshine Mint.

    I agree with your research that silver is under priced. Watching the First Majestic share prices like a hawk and almost ready to pounce.
    ...be your own Health Care System... grow your own and eat well

  10. #10

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    If you are looking for Tesla stock like growth then you will never be happy with silver. However, in my lifetime silver has gone from being used in many USA coins to being worth $25 more or less per ounce. So based upon that then silver has done okay as far as holding its own in maintaining value. Again, you can't expect it to grow like a company that goes from startup to producing billions in dollars in sales with perhaps a huge profit margin. As a waiter once said to me, "If we don't meet your expectations, please lower your expectations". I think you are expecting way too much. Growth like that requires more risk. Risk that requires not buying the metal, but buying the mine.
    American Legion Preamble: https://www.legion.org/preamble

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