what do you make to this

[craig12]

had a quick look at a you tube vid by a silver channel who has this spin on manipulation , in short what he says is the fact that if silver shoots to the moon  then the companies that buy silver to manufacture products , will go bust as they will not be able to buy the silver to make profit at $500 or whatever its really worth due to the money printing , this he says is why it must stay within the $15-$21 range  for them to keep in business ,  any thoughts   I think he might have a point     .......endtimenews is the channell

[Markh]

3 minutes ago, craig12 said:

had a quick look at a you tube vid by a silver channel who has this spin on manipulation , in short what he says is the fact that if silver shoots to the moon  then the companies that buy silver to manufacture products , will go bust as they will not be able to buy the silver to make profit at $500 or whatever its really worth due to the money printing , this he says is why it must stay within the $15-$21 range  for them to keep in business ,  any thoughts   I think he might have a point   

They could just outlaw it, problem solved. 

[craig12]

one reply and 55 views     54 must think its true then 

[Danny-boy]

one reply and 55 views     54 must think its true then 

No, 54 people have read your posts before and chose not to respond [emoji1]

[sovereignsteve]

2 hours ago, craig12 said:

any thoughts   I think he might have a point

or 53 other people are like me and have no idea

[craig12]

15 minutes ago, Danny-boy said:

 

No, 54 people have read your posts before and chose not to respond

 

the most debated subject in silver and no one replied  c,mon   

[gavinfry]

the 20 pound note in my pocket will still be 20 pound in 30 years it will buy me a packet of crisps the 20 pound in silver will buy me a nice holiday

[Martlet]

I can make a A Hat, A Broach, A Pterodactyl... sry.

Its a nonsense that silver "should" be worth so much. Total demand is worth about £13bn today worldwide, half of that industrial use, so why would this industry need such protection over all others?  Many industrial uses could substitute other metals or products simply not be made if the price really so much higher.   

[breaktwister]

I didn't watch the video.  What kind of products is he talking about that cannot be sold at a higher price?  

The problem with the silver and gold markets is the naked selling; sellers of paper contracts (banksters) dumping huge volumes of paper without ownership of the underlying asset., Sometimes as much as a a full years total global mine supply dumped at once hammering back a months worth of gradual price gains in seconds, which no real seller in their right mind would do given that a real seller would want to achieve the best price.  Seeing some of the chat logs from the silver manipulation cases is firm evidence of this, banksters from various firms talking about "slamming silver" and "stop hunting".

It is frustrating but also it allows me to continue to accumulate an undervalued asset .  Maybe in 20 years if they are still at I will have the right to be angry!

[Scuzzle]

I reckon if silver goes to $500 a oz then electronics manufacturers are going to have to swap out silver for that artificial conductive graphite substance instead, they use silver because it's the best conducter and it's cheap but if silver became ridiculously expensive then they would go to something else that might be more expensive than silver now but would make economic sense if silver became more expensive than it.  If the silver price made a TV or a Playstation £60+ more expensive then they would go to something else.

It's really difficult to know what to believe as there are so many pumpers out there that could be making half these supply shortage stories up.  Does JP Morgan really have 250 Million oz's of silver and is it actually theirs?, if it is then if there is a banking crisis that wipes out their paper banking assets then since they set the price of silver making it ridiculously high recapitalises them in an instant so they could do again what they did in 2008 and mop up some other failed banks into their stewardship which is how they got control of the silver market to begin with.

[Gav]

I reckon if silver goes to $500 a oz then electronics manufacturers are going to have to swap out silver for that artificial conductive graphite substance instead, they use silver because it's the best conducter and it's cheap but if silver became ridiculously expensive then they would go to something else that might be more expensive than silver now but would make economic sense if silver became more expensive than it.  If the silver price made a TV or a Playstation £60+ more expensive then they would go to something else.
It's really difficult to know what to believe as there are so many pumpers out there that could be making half these supply shortage stories up.  Does JP Morgan really have 250 Million oz's of silver and is it actually theirs?, if it is then if there is a banking crisis that wipes out their paper banking assets then since they set the price of silver making it ridiculously high recapitalises them in an instant so they could do again what they did in 2008 and mop up some other failed banks into their stewardship which is how they got control of the silver market to begin with.

It is hard to know exactly how much silver JP Morgan have. Not all their silver is publicly reported on. You can see how much they have on the CME as it is law to report that to the public. Search google for CME Silver inventory, there is a daily spreadsheet that has the amount that they have on the CME.

As for the price of silver, if silver went to $1000, the cost of producing a smart phone would only go up by $11 per phone. Most uses for silver are vital due to the specific elemental properties of silver. Changing a resource in production is very expensive and costly. If you wanted to replace silver for a different commodity you would have to redesign, make new tools needed for the production.

If Silver's price went to the moon, like in the past, demand actually goes up as the demand for silver as a investment goes up.

In in below table, you can see that silver as an investment grew when the price went up. The biggest variable to the supply and demand of silver is investment silver.

[Shinus73]

The theory in the video is nonsense, as with most other youtube videos on the subject.

The amount of silver used in most commecial products (e.g. technology, biocidal uses - an area with which I'm familiar) is tiny.

A significant increase in the price of silver would have virtually no effect.

Do we think that somebody buying a brand new iphone is going to think twice because it cots an extra £10 due to the price of silver. I don't think so.

[Pete]

19 hours ago, craig12 said:

had a quick look at a you tube vid by a silver channel who has this spin on manipulation , in short what he says is the fact that if silver shoots to the moon  then the companies that buy silver to manufacture products , will go bust as they will not be able to buy the silver to make profit at $500 or whatever its really worth due to the money printing , this he says is why it must stay within the $15-$21 range  for them to keep in business ,  any thoughts   I think he might have a point     .......endtimenews is the channell

If a manufacturer of any product using silver requires silver to remain around $20 per ounce or face closure then that Company is doomed and the owners will not be on the golf course in the future. Clearly a relatively new business / product range as silver was way above this make or break point only a couple of years ago. Haven't watched the video but suspect it is BS like most others who seem to know the conspiracies and the future.

[Frenchie]

If silver goes to 500$, expect gold to be within 30000-40000$ /oz. It is probably worthless to talk about  10 or 20$ increase alone in an Iphone or any elecronic devices...Don't forget that such range of PM prices, would certainly mean a big economy, currency and debt reset with hyperinflation...so what would be the price of an iphone with these new variables ? 

[HawkHybrid]

commodity(pms) prices can go higher for a

combination of 2 basic reasons.

1. the commodity rose in price due to demand, etc.

2. the currency used to exchange for the commodity

had a decrease in it's purchasing power. (inflation)

 

many don't make the clear distinction in these price

rises.

if the price of silver is up largely due to inflation then

businesses will continue to trade as before because

everything has risen in price. it'll be business as usual.

if silver has risen compared to most other commodities

and products, then a decision will need to be made

whether a change in business practice is required.

 

HH

[Murph]

If prices go up wouldn't the demand naturally drop and therefore the prices would also drop a bit again?

[Frenchie]

Price reflects the balance between ask and bid. They go up because there are more  buyers than sellers, . They effectively drop on the opposite.

Buyers buy because they think that prices will go higher...so the price is a matter of conviction and as far that this sentiment persists,  it goes higher. and the higher it goes, the more people tend to climb in the train because they don't want to miss the trend...look at cryptocurrencies !