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Silver Dimes
Went to the grocery store and my change contained a 1963 Silver Dime, Gus advises investing in silver. I guess I just started, I think its worth $25. Any opinions?
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7 Replies
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Gus has been singing a dog and dance about silver since 2019 when silver was $26 to $28 per ounce. Everyone was into bit coins. However, if you really think with common sense in mind, it makes all the sense in the world. Take these thoughts into consideration:
The dollar, is it backed by anything? Can you print silver? Dollar is getting diluted and silver is not. I am now a believer silver will surpass $1,000 per ounce.
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Peter, look at what silver should be worth 😍 😳 🤔 That dime of your is worth some money 💰 when the Democrats and Globalists stop shorting and manupulating silver.
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Thanks,
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The price of silver, like any commodity, can fluctuate significantly based on various economic factors, geopolitical events, and market conditions. It would be impossible for me to accurately predict or state the price of silver for a specific date in the future. As of June 20th, 2024, the price of silver per ounce was approximately $31.00. This information reflects the spot price of silver, which fluctuates based on various market factors including supply, demand, economic conditions, and geopolitical events. I can provide some context on China’s interest in silver based on information as of June 20th, 2024:
Strategic resource: China has shown interest in accumulating various precious metals, including silver, as part of its economic and industrial strategy.
Industrial demand: As the world’s largest manufacturer, China uses significant amounts of silver in electronics, solar panels, and other industries.
Diversification: There have been reports of China seeking to diversify its reserves away from US dollar-denominated assets, which could include increasing holdings of precious metals.
Market impact: Large-scale buying by China could influence global silver prices.
Opacity: China’s exact silver holdings and purchasing strategies are only sometimes transparent, leading to speculation in the markets.
Long-term view: China often takes a long-term approach to resource acquisition, which could include the gradual accumulation of silver.
Economic policies: Changes in China’s economic policies or global trade relationships could affect its approach to silver acquisition. The precious metals market can be volatile and influenced by many factors. I recommend consulting recent financial news sources or precious metals market reports for the most current information on China’s silver activities.
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The value of silver may be double the price of gold, folks. I am going to have to agree with Gustan Cho, the new and improved Nostradamas of economics. I will cover in this thread why silver prices is expected to surge to record historic uncharted territories, folks.
Silver Prices Are Forecasted to Skyrocket: You do not have to be a fortune teller to see that silver prices is expected to skyrocket. This is no B.S. It is common sense. The global elites are scared shitless. China is stacking silver like never before and they are doing this quietly.
China’s Aggressive Stacking of Silver Quietly:
Overview of Silver and Why Silver is a screaming buy now:
Silver prices have been forecasted to rise significantly due to several key factors, with China’s aggressive accumulation of silver playing a major role. Here’s an in-depth look at why silver is expected to see substantial price increases:
Factors Contributing to the Forecasted Increase in Silver Prices
China’s Aggressive Accumulation
Strategic Reserves: China has been increasing its silver reserves, seeing it as a strategic asset for industrial use and a financial hedge.
Industrial Demand: China is a major consumer of silver for its extensive manufacturing sector, particularly in electronics, solar panels, and electric vehicles.
Monetary Policy: By stacking silver, China may be looking to diversify its reserves and hedge against global economic uncertainties and potential inflation.
Rising Industrial Demand for Silver
Electronics: Silver is a crucial component in electronics due to its superior conductivity.
Renewable Energy: The push towards renewable energy, particularly solar panels, which use a significant amount of silver, is driving up demand.
Electric Vehicles (EVs): The automotive industry’s shift towards electric vehicles, which utilize silver in various components, contributes to the increased demand.
Monetary and Investment Demand
Safe-Haven Asset: In times of economic uncertainty, investors flock to precious metals like silver as a haven.
Inflation Hedge: Silver, like gold, is often used as a hedge against inflation, and with rising inflationary pressures, investment in silver is increasing.
Supply Constraints
Mining Production: There have been constraints due to environmental regulations, political issues, and the depletion of easily accessible silver reserves.
Recycling Rates: While recycling contributes to the silver supply, it is insufficient to meet the growing demand, leading to a supply-demand imbalance.
Geopolitical Factors
Trade Policies: Global trade policies and tariffs can affect silver’s supply chains and cost.
Economic Policies: Central bank policies and national economic strategies can influence silver prices.
China’s Role in the Silver MarketStrategic Reserves and Economic Policies
Diversification of Reserves: China’s central bank and large financial institutions are diversifying their reserves, including accumulating silver, to reduce dependence on the US dollar and other foreign currencies.
Industrial Strategy: As China aims to lead in the technology and renewable energy sectors, securing a steady supply of silver is critical to support its industrial strategy.
Forecasts and Market PredictionsIndustry Analyst Perspectives
Goldman Sachs: Some analysts from major financial institutions like Goldman Sachs predict that silver prices could rise significantly due to supply constraints and increasing demand.
World Bank: Reports from international organizations like the World Bank highlight the role of industrial demand in pushing silver prices higher.
By understanding these factors, investors can better grasp why silver prices are forecasted to skyrocket and make informed investment decisions.
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Two of the World’s largest banks are bullish on silver.Spot price per ounce of silver closed at $29.20 per ounce yesterday. Be ready for some action in the next four to five months..
https://www.youtube.com/live/rq2uVtj6n7Q?si=EXDCT1EfrKcKZ3cs
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Elon Musk Bullish on silver. Silver in major demand from the solar industry. Good time to buy and hold. China Bullish on silver and continues to stack silver.
https://www.youtube.com/live/Gtv3etnlJIo?si=lDMX5zDFrAZM3TPx
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