Silver to the moon?
AGQI got in late to AGQ acouple of months ago. Unfortunately for me, I bought AGQ ETF outright instead of buying options. My question at this point....is this really going all the way to a crazy top? If so, it's early stages and buying options are warranted. Another option is day trading it. Thoughts? At this point I only have a small AGQ position and the rest of my portfolio is cash.
I'm not well educated enough about this to have an educated opinion, but thought I would pass along something I heard. I had also thought silver should be positioned to explode with the recent rise of gold and the historic price relationship. However someone in the industry suggested that the reason silver hasn't exploded is because so much silver is produced as a byproduct of mining for other minerals. Like they're targeting other minerals but are also monetizing any silver they find along the way. That could potentially explain why the price of silver hasn't exploded if the new supply is just outpacing the demand.
Read The Silver thread. Perhaps the greatest thread to ever come out of BFI. It is a piece of history and shows the whole (past) bubble in real time with all of the greed and emotion.
https://forumserver.twoplustwo.com/30/bu...
Silver hasn't really gotten crazy yet but it likely will. It also always ends in tears. Once it gets really nuts it's time to get out!
Time share apartments will be the next big thing.
I think silver will get up to 70+$ next year, no stopping silvers climb get in while you can
over 60$, next year 80$+ is very possible
90 to 100 dollars
80$ is a conservative estimate can even reach 105$ from QE and lots of demand from robotics n other industry
but 105$ probably somewhere in 2027
This thread needs more silver disciples if it will ever compete with the OG silver thread. PLEASE read it, every single post 😀
thanks haha I will, 161 pages nice. keep me entertain for awhile -_-; 😀
Read The Silver thread. Perhaps the greatest thread to ever come out of BFI. It is a piece of history and shows the whole (past) bubble in real time with all of the greed and emotion. https://forumserver.twoplustwo.com/30/bu...Silver hasn't really gotten crazy yet but it likely will. It also always ends in tears. Once it gets really nuts
Apparently it made the top 2-3 months after FieryJustice made that thread, and took about 14 years to reach that price level again. It lost about 72.46% the next 5 years, stayed congested at those low prices, and got down again during COVID. From the high price of 2011 to the bottom of COVID, it lost 76.66%. Pretty hard to judge whether it will keep going up, and I am a complete ignorant of this market's fundamentals, but, that's the history of silver since that thread.
Call me the **** out if im wrong but aren't silver and gold just straight up pure insurance AGAINST the dollar??
so gold and silver sees gains when the American dollar just has huge dips or negativity ?
It is my opinion that one of the key drivers for precious metals is the need for Chinese to put there money in a store of wealth.
70% of the wealth in China (in 2021) used to be stored in RE.
Store wealth in RE->10's of millions of empty units, ghost cities, Tofu Dreg properties->Three red lines->RE dead -> Rise in Gold -> rise in 'Fake Gold' in China -> Rise in Silver
I bought a lot (lot for me) of physical gold in 2023-2024.
Banks in China are not really a store of wealth if you cannot access the cash when you want to. (This has been an issue for many of the banks in China for several years now.)
When I told my wife about buying silver, she said she didn't like silver... I did not have a huge conviction about silver at that time, so I did not buy any. It is also way harder
to store a large volume of silver.
at this rate silver will get to 130$+ this year what do u guys think?
time to go all in then... 😀
I have a few silver miners options that are doing well.
Should i just keep buying options or should i buy
Shares?
It is my opinion that one of the key drivers for precious metals is the need for Chinese to put there money in a store of wealth.70% of the wealth in China (in 2021) used to be stored in RE.Store wealth in RE->10's of millions of empty units, ghost cities, Tofu Dreg properties->Three red lines->RE dead -> Rise in Gold -> rise in 'Fake Gold' in China -> Rise in SilverI bought a
Chinese demand and capital flight / search was a huge part of what drove early moves in BTC.
With silver going from $50 —> $100 in months and going from like $12 —> $100 in years, it seems reasonable to think this a major shift.
I’m not saying it won’t eventually crash or something (it probably will) but who knows led from how it will fall? $100, $500, $1000?
The historical gold/silver ratio may finally be contracting after quite some time of expansion.
Chinese demand and capital flight / search was a huge part of what drove early moves in BTC.
Note that in the 8 months after China Banned Crypto mining and crypto trading (Sept 2021), bitcoin fell from $76k to 26K.
China will have to ban its citizens from owing Gold and Silver for it to drop back to where it was 2 year ago. Like US did for physical gold from 1933 - 1972.
Silver will hit 200 sooner than later. Silver miner stocks will skyrocket. Best buys of the year.
