A friend was asking me for advise on an investment opportunity that he was presented with.
I asked him 20 or more questions about the crypto token, and he was not able to answer but a few.
I did a limited amount of research on a guess of what it could be.
The next day I asked questions, and got no answers.
I stated that many high return investments must be acted upon quickly, that everybody is looking, and once others see and act...the return declines.
I asked again the next day and got nothing; I advised my friend that the opportunity was probably not an opportunity at all but a scam.
A few days later he stopped me and told me it was a scam, and that he and his friend had lost money.
We talked for awhile and I still did not get any of my questions answered.
I summarized my personal investment allocation and went on to suggest that: if his bases are covered...silver could be a great investment.
He asks me how much does it cost? and how much will it go up in price?
I said it is around $24 per ounce and predicted that it will go to $500 per ounce.
How about that?
The next day he tells me one of our mutual friends said no way that silver would be going to $500 per ounce, and he misunderstood my prediction...that I meant 500% and not $500.
Big difference...500% of 24 is $120; I said/predicted $500, and that is a 2083% increase
Sometimes my mouth runs away from me, swerves off into a ditch, tree, or crashes into oblivion.
I had given my friend a
fiction prediction, just like all predictions.
I stand by my prediction like a good mule, and told him three reasons why I predict silver to demand $500 per ounce.
And now here I am putting pen to paper to rationalize why I think this will become reality.
What is Silver's worth?
Right now the internet says:
$24.09 per oz. and a %3 premium for dealer to dealer physical purchase of melt value silver.
$24.09 per oz. is just a contract price for future delivery.
Apmex.com shows one ounce silver rounds -lowest price (CC/PayPal) $31,08, and bars at $29.14.
I went to a coin dealer a few days ago and purchased 2023 1oz Silver American Eagles for $37.80. That is a 57% premium above what
market posts as
Where is this so called
market or so called
spot; it would be a profitable place to find!
I know there are dealers and sales that will sell for slightly less, but for this analysis I state at this time silver's value is $31.08 per once.
-In U.S. Dollars!
The value of Silver:
Silver will not shelter a person = no value
People drink coliodial silver = value
People do not eat silver = no value
Is silver fuel? I have heard that it is used in rockets = value
Silver is used in electrical circuits as a conductor = value
Silver is used for jewelry = value
Silver has been/is/and will continue to be used as money = value
So what we are doing is comparing two types of money, and that brings us to the U.S. Dollar.
M0money supply), U.S.Dollars are not tangible and do not exist in physical reality.
These are 5 things that shine a light on what U.S.Dollars are; It is a very complex and occulted concept involving many more things.
So what is the U.S.Dollar worth?
Like when Charlie Munger spoke about Bitcoin...I say the U.S.Dollar is
It is one of the spells that has been used to enslave over 99% of the people on earth.
So it must be worth the
World to the less than 1% of people that use it as a tool to enslave others.
It is not that I predict Silver is going to increase in value, but that the U.S.Dollar is going to decrease.
Its a competition; its a race.
A race to zero for the U.S.Dollar.
Also there are many commodity and labor comparisons, such as gold to silver ratio, silver to labor ratio, and silver to oil ratio that indicate the silver market being one of the most undervalued markets.
The market can remain irrational longer than you can remain solvent - John Maynard Keynes
Do your own research; every individual is responsible for their own investment decisions.