Quote from: Mometaskers on May 19, 2017, 03:14:18 AM

Quote from: OROBTC on May 18, 2017, 05:56:48 PM

Quote from: asylum1 on May 18, 2017, 03:27:34 PM

people say it will go to one thousand dollars an ounce or more but if it showed signs of going that high tech companies would likely switch to cheaper metals as alternatives and phasing silver out. it probably would not sky rocket for that reason alone.

i think so many people have silver that if it did go up to one thousand dollars an ounce it would cause economic inflation.

am i mistaken or did i miss something?

Theoretically silver could go way up, but I doubt it.

There are various schools of thought on silver. Because it is used by industry, and ("they say") it is relatively scarce re physical gold, that means should there be a squeeze, Ag could go way up. Silver is the best metal for various electrical applications.

But, my money is mainly on gold. The Central Banks do not store silver (nor Bitcoin for that matter). They store gold. Central Banks are not stupid.

It seems it's not rare enough compared with gold. I think if you'll have your own vault, there is also the problem of storing it, after all, it's not as inert as gold. It could be more finicky.

I'm too poor to invest in precious metals but if I have money I'd probably buy gold first and just buy silver later (I prefer it over gold - aesthetically).

Since we've you've already touched on gold, what about storing value in jewelry? Does the same amount and purity of gold change in value if it's in jewelry form? Would jewelries appreciate in value over time or do they just stay the same, or worse, drop?

Why will anyone prefer to buy silver when the person can afford to buy the gold? This is very easy to guess because we know that the silver is cheaper and gold is precious so no one will buy silver due to the fact that the silver dont have that potential as that of the gold.