Those of you who track silver

Discussion of the Gold portion of the Permanent Portfolio

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I Shrugged
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Those of you who track silver

Post by I Shrugged »

Is silver near recent highs? I have a lot of junk silver coinage that I want to turn into gold coins just for space saving. I will keep some but definitely want to sell some. Wondering if it's a good time to do so and too lazy to research, since I'm sure some of you are on top of it.
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pmbug
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Re: Those of you who track silver

Post by pmbug »

Silver is fighting to break through $30 (and $32.5 and then maybe $35). Some analysts are calling for silver to hit $50 by the end of the year or in 2025. There is a structural deficit going on 4 years now (industrial demand for solar panels and EV batteries growing nearly exponentially exceeding mining production) and above ground vault inventory in COMEX/LBMA has been draining. We might hit an inflection point some time in the next 2-3 years where there isn't enough available vault supply to make up the deficit.

There is a decent chance that silver will outperform gold over the next 3-5 years IMO. $.02 FWIW
The journey of a thousand miles begins with a single step. -Lao Tzu
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I Shrugged
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Re: Those of you who track silver

Post by I Shrugged »

Thanks bug. :)
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