Silver next upswing

[Roger Ramjet]

Hmmm. You said: "Remember, the price of Au has remained steady for millennia. In Imperial Rome a gold Aureus would buy you a nice toga, In Medieval England a Noble would buy you a nice short tunic, tights and belt. In the U.S. Today, a single gold AE can be traded for a nice suit. The value of Au has remained constant,"

But in fact it appears that what once cost 1/4 oz, now costs 1 oz. So the price of Au is 1/4 of what it was and its value has not remained constant.

I know I'm being a bit of a pedant, but there are plenty of these "goldbug myths and sayings" (for lack of a better expression) that we happily trot out without sufficient examination. And plenty of them turn out not to really be true when properly examined.

Sorry but I have to disagree! If we are going to run with similar weights of Au, which I guess for this purpose will be 1/4 ounce, then lets use this as the standin for our current era:

https://www.jmbullion.com/5-liberty-gold-eagle-xf/

Note that it's a circulation coin, not a bullion coin. I don't know about you but I can purchase a very nice suit for this amount. In fact I've never spent this much on one in 60 years. Not an Armani, but a nice suit. Just as in ancient Rome and Medieval England. The value remains constant. I have to stand by my assertion.

RR

 

[Argent Dragon]

Well, I don't know where these 'SUIT' guys shop, but I can easily buy 3 suits for 1-oz. of gold.

 

[dacrunch]

Silver still has a ways to go before it hits $40/oz (when I sold 95% of mine, bought between $9 & $12).... Only have 100oz now...

 

[d-lod]

Well, I don't know where these 'SUIT' guys shop, but I can easily buy 3 suits for 1-oz. of gold.

and that too, good one........ off course not from land of corona

 

[d-lod]

Silver still has a ways to go before it hits $40/oz (when I sold 95% of mine, bought between $9 & $12).... Only have 100oz now...

wave i.......11.62 – 15.84 = 4.22
wave ii......15.84 – 14.53 = 1.31
wave iii.....14.53 – 18.37 = 3.84
wave iv......18.37 – 16.94 = 1.43
wave v.......16.94 – 23.25 = 6.31

Even EW theory fails here.........
wave iii can never be smallest.


uncharted territory.................MHO....SHOULD CORRECT

 

[d-lod]

wave i.......11.62 – 15.84 = 4.22
wave ii......15.84 – 14.53 = 1.31
wave iii.....14.53 – 18.37 = 3.84
wave iv......18.37 – 16.94 = 1.43
wave v.......16.94 – 23.25 = 6.31

Even EW theory fails here.........
wave iii can never be smallest.


uncharted territory.................MHO....SHOULD CORRECT

"IF", silver rise above present price of 23.05, than the next target is 26.37$

As silver is in unchartered territory, meaning absence of up-moving EW standard for this wave, I cannot predict the exact upward target.

View attachment 173544

Silver in no mood to regress.......................moving above 23.25.

 

[the_shootist]

Silver in no mood to regress.......................moving above 23.25.

Metals on the move once again! I have silver at 23.71

 

[Au-myn]

Ag 24.05

 

[d-lod]

Ag 24.05 View attachment 174092

Them going to moon and common people will get in now.

the smart people were in long back.

 

[d-lod]

Metals on the move once again! I have silver at 23.71

congrates

 

[d-lod]

the closing should remain above 22.67

 

[EO 11110]

 

[d-lod]

View attachment 174135

Desperation BEGIN...............

 

[d-lod]

A very special article from my guru (to whom once I had defied on this forum, and was proven right against him) in EW,


ALF FIELD on SILVER. hold your breath...................


https://www.silver-phoenix500.com/article/new-ew-silver-discovery

Thus a 100% increase in the price of gold could possibly be accompanied by a simultaneous 400% increase (perhaps more) in the price of silver. This offers significant opportunities both in silver bullion and silver mining shares.

and foolish me, earlier was hoarding gold, now hoarded more silver..................

 

[the_shootist]

A very special article from my guru (to whom once I had defied on this forum, and was proven right against him) in EW,


ALF FIELD on SILVER. hold your breath...................


https://www.silver-phoenix500.com/article/new-ew-silver-discovery

Thus a 100% increase in the price of gold could possibly be accompanied by a simultaneous 400% increase (perhaps more) in the price of silver. This offers significant opportunities both in silver bullion and silver mining shares.

and foolish me, earlier was hoarding gold, now hoarded more silver..................

An ounce of silver and gold won't increase at all in value. All that will increase is the amount of green toilet paper someone would trade you for it

 

[VaSolvo]

Maybe we return to 1 Acre = 1 OZT AU.

 

[CrimsonGuardJay]

Hot damn, silver and gold are KILLING IT today

 

[pitw]

Maybe we return to 1 Acre = 1 OZT AU.

That would mean land owners would lose.

 

[d-lod]

Silver and gold won't increase at all in value. All that will increase is the amount of green toilet paper someone would trade you for it

"the_shootist

right on, but if we were not interested in these metals, we would have, deflated frn in hand...................come on

 

[d-lod]

Maybe we return to 1 Acre = 1 OZT AU.

Just wish...................

THE THEORY is when frn increase in amount, the NATURAL RESOURCES rise alike,

so sorry to break your wish

 

[the_shootist]

"the_shootist

right on, but if we were not interested in this metals, we would have, deflated frn in hand...................come on

I'm not saying it's a bad thing at all for those here, I'm just stating the realism of what we're seeing this past 2 weeks. Make no mistake, we who had the foresight to move paper monopoly money wealth into real value are reaping the rewards in the sense that our wealth isn't melting like an ice cream cone in the Sun!

 

[the_shootist]

That would mean land owners would lose.

That would mean that land would be more affordable to more people again

 

[pitw]

That would mean that land would be more affordable to more people again

People don't want land. If they did we wouldn't see so much of it being sold off. There is a very low percentage of people that are happy to just survive on their land.

 

[pitw]

That would mean that land would be more affordable to more people again

People don't want land. If they did we wouldn't see so much of it being sold off. There is a very low percentage of people that are happy to just survive on their land.

 

[d-lod]

I'm not saying it's a bad thing at all for those here, I'm just stating the realism of what we're seeing this past 2 weeks. Make no mistake, we who had the foresight to move paper monopoly money wealth into real value are reaping the rewards in the sense that our wealth isn't melting like an ice cream cone in the Sun!

True, but have to remember, that good investment has to be finally used to fullfill our wishes, otherwise of no use.

I invested in only natural resources and retired at 45 and now own boss.

 

[d-lod]

People don't want land. If they did we wouldn't see so much of it being sold off. There is a very low percentage of people that are happy to just survive on their land.

It depends. If country is populace than it is better than gold/silver

 

[dpong]

Value is a mental phenomenon. It is subjective.

Gold changes value whenever the marginal buyer or marginal seller changes his mind.

 

[pitw]

It depends. If country is populace than it is better than gold/silver

I've always said land was better than gold just because it can feed you while possibly giving you dividends every year.

 

[VaSolvo]

I've had it in my head for a long time that gold is portable land. Have even tried to make the swap a time or two in the past. No takers yet. And not 1 acre:1 ozt. Have offered multiple ounces. Guess I'm not approaching the right people.

 

[VaSolvo]

That would mean land owners would lose.

Not entirely. Speculators might lose. I'm referring to the economic relationship between land & au, removing FRN from the equation.

 

[BigJim#1-8]

I've always said land was better than gold just because it can feed you while possibly giving you dividends every year.

Real Estate, land etc is great but one better have gold in reserve to pay the taxes, or it's gone.

 

[mtnman]

I've had it in my head for a long time that gold is portable land. Have even tried to make the swap a time or two in the past. No takers yet. And not 1 acre:1 ozt. Have offered multiple ounces. Guess I'm not approaching the right people.

I have 55 acres in East Tennessee I'd trade. 2oz per acre. It's river front and has two springs.

 

[axstone]

How the F^CK are you suppose to do technical analysis on this chart
who broke the playing board... come on.. who did it?

 

[axstone]

we warned you guys, but you didnt listen

 

[the_shootist]

I don't want to jinx anything but this may be what we've all been waiting for for a long time, the market correction and the collapse of the USD. I pity the poor fools who didn't get in when the gittin was good

 

[the_shootist]

I have 55 acres in East Tennessee I'd trade. 2oz per acre. It's river front and has two springs.

Pics?? maybe we should talk

 

[Mr Paradise]

$25.55 as of post.

 

[the_shootist]

Real Estate, land etc is great but one better have gold in reserve to pay the taxes, or it's gone.

Yeah, I've been meaning to talk to you about this tax RE tax thingy....we need to get rid of that shit you know

 

[d-lod]

How the F^CK are you suppose to do technical analysis on this chart
who broke the playing board... come on.. who did it?

View attachment 174232

you did it axstone with all your positive thoughts for final wave......................and remember metals have tallest fifth wave

 

[the_shootist]

People don't want land. If they did we wouldn't see so much of it being sold off. There is a very low percentage of people that are happy to just survive on their land.

I want land.