Post
Topic
Board Economics
Re: Will silver ever skyrocket?
by
nelsmining
on 25/07/2017, 10:11:53 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?


The reality is Silver will not rocket to a thousand dollars. Gold will not rocket up either. They are somewhat tied  to each other although not as much as they used to be. Having said that though it is a good bet silver could get to the $50 to $100 range. I don't see gold as any better bet on a profit margin. No one knows for sure. Your best bet is to diversify in many different things.