Post
Topic
Board Economics
Re: Will silver ever skyrocket?
by
CataloniaFM
on 18/05/2017, 18:01:44 UTC
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.

I agree. It is most profitable to invest in gold. Silver can also come in handy in the event of collapse, but it will not be as valuable as gold.