Tuesday, July 13, 2010

$600 Silver!?

Hello Everyone; sorry for the lack of postings lately. My job situation has changed temporarily and I have not been able to post much. I will try to post as much as I can but it does not look like things will get back to normal till Sept.

Recently The Shape of Things to Come report from Clif High, which uses language pattern changes on the internet to predict future events, is predicting a $600 per ounce silver price. I know that sounds outrageous, but then I got thinking; Is it possible?

Well, if the silver price stopped being supressed by the big boys and returned to its historical gold to silver price ratio that would put it at about $100/oz. See this "Silver Supression" article. Then if the dollar got dumped by central banks, which they are starting to do, and it lost half its value that would put silver at $200/oz. And then lets say that because the dollar lost half its value that demand for silver tripled that would put the price at $600/oz.

Here's a little math; So if you bought 100 ounces of silver at todays price of about $18/oz that would cost you $1800. And if silver went to $600 an ounce it would be worth $60,000.

Will this ever happen? I do not know, but it is something to think about. If the wave is coming I would rather ride it than be wiped out by it. BTW none of this is to be considered financial advice.

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