Open question - Financial
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Any land ? All Land?
Any Land with natural value will have that reflected in the asking price.
Unless you're prepared to buy a piece of land and put some (serious ) sweat equity into it I'm not sure how one can purchase it without just accepting it will only increase over the longer term dictated by other market forces.
I'm prepared to learn on this one and be convinced elsewise.
( Unless its for enjoyment then I agree )
I was mulling over the silver price this morning and thought I would share my thoughts on here (not that a load of random bushcrafters on the internet would be interested, but hey whatever. 
)
Now that silver is at the crucial $50 resistance point there is nothing above stopping it from going much higher based on the only two previous historical peaks in 1980 and 2011 (creating a 45 year cup and handle pattern). The central banks and Wall Street are going to defend the $50 silver price like the very survival of the fiat currency system depends on it (because it quite literally does). This means that no matter what it takes they are going to throw as many paper promises at the silver market as they need to keep the price below or close to $50. This is history in the making, the last stand of the bankers gold/silver suppression which has endured for over half a century is coming to an end.
Their attempts at continued suppression is doomed to failure because the unallocated liquid supply of real physical silver in the two big global metals exchanges (COMEX and LMBA) have been steadily draining. I have also noticed that the availability of physical silver in bullion dealers online shops is also reduced compared to what they normally have available. When supply of the actual physical silver is all gone and it becomes ‘unobtainium’ the real world price will explode upwards to the moon irrespective of what the paper spot price according to the bankers/wall street say it should be.
For now though, here in the short term I would not be surprised to see silver get a pull back and consolidation around or below $50 as the bankers flood the market with a gazillion silver paper promises. But the moment the real world supply in the COMEX and LMBA is completely drained and there is no physical left for delivery, the people and industries for whom silver is crucial will be willing to pay whatever it takes to get hold the necessary physical supply. At that point the bankers will have lost and it will be “Hi-ho silver away”.
)Now that silver is at the crucial $50 resistance point there is nothing above stopping it from going much higher based on the only two previous historical peaks in 1980 and 2011 (creating a 45 year cup and handle pattern). The central banks and Wall Street are going to defend the $50 silver price like the very survival of the fiat currency system depends on it (because it quite literally does). This means that no matter what it takes they are going to throw as many paper promises at the silver market as they need to keep the price below or close to $50. This is history in the making, the last stand of the bankers gold/silver suppression which has endured for over half a century is coming to an end.
Their attempts at continued suppression is doomed to failure because the unallocated liquid supply of real physical silver in the two big global metals exchanges (COMEX and LMBA) have been steadily draining. I have also noticed that the availability of physical silver in bullion dealers online shops is also reduced compared to what they normally have available. When supply of the actual physical silver is all gone and it becomes ‘unobtainium’ the real world price will explode upwards to the moon irrespective of what the paper spot price according to the bankers/wall street say it should be.
For now though, here in the short term I would not be surprised to see silver get a pull back and consolidation around or below $50 as the bankers flood the market with a gazillion silver paper promises. But the moment the real world supply in the COMEX and LMBA is completely drained and there is no physical left for delivery, the people and industries for whom silver is crucial will be willing to pay whatever it takes to get hold the necessary physical supply. At that point the bankers will have lost and it will be “Hi-ho silver away”.
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Interesting analysis and not one that I would fault. Not withstanding that: I wonder if the "ending" of the Israeli war is going to affect it much, possibly not. I presume that producers of new silver are not going to ramp up production as that will/may reduce market prices.
Maybe more likely (?), is that those with large physical silver holdings (i.e tonnes) held by themselves might privately sell it to desperate industries who can no longer obtain it in the bullion world. e.g I would expect Russia to have a significant silver stock as well as gold. Not that it will affect the demand/price market.
I expect there will be some large Trumpian radical announcement designed to save the world (of Bankers at least).
Maybe more likely (?), is that those with large physical silver holdings (i.e tonnes) held by themselves might privately sell it to desperate industries who can no longer obtain it in the bullion world. e.g I would expect Russia to have a significant silver stock as well as gold. Not that it will affect the demand/price market.
I expect there will be some large Trumpian radical announcement designed to save the world (of Bankers at least).
No matter what the price of silver gets to, it is highly unlikely that current mines will increase their production of silver. The reason for this is because there is hardly any pure silver only mines in the world that only dig up just silver and nothing else. The vast majority of mined silver comes from mines which predominately produce other industrial metals such as lead, zinc and copper with the silver being only a small by-product. For these mines the vast proportion of their profit comes from the other metals with the tiny amount of silver being little more than a nice but small extra bonus for them. In terms of their overall produce the silver only makes up a very tiny percentage of their profits and is of little concern to them.
In fact with the global economy looking more likely to slow down over the next few years there will probably be less need for them to mine so much of the other industrial metals so the side effect of this reduced demand is that there will probably be a reduction in the amount of silver mined rather than an increase even as the price rises. This is yet another bullish sign for the price of silver in the future.
Also remember that starting any new silver focused mines from scratch will take about fifteen to twenty years before they could start producing new silver. So rising prices causing supply to meet demand is not going to happen for a long time to come.
If the price of silver was to ever get high enough there is a possibility that there might be more recycling of old electronic goods to reclaim the small amounts of silver from there. But due to the way that silver is printed and impregnated into circuit boards and chips this is unbelievably difficult to do. While it is technically possible, the immense difficulty and expense involved together with the limited amount of silver it could reclaim means the price of silver will need to get to an astronomically high level before this ever becomes economically viable on a large scale and even then it would still not come anywhere near being able to fully meet the demand.
The reality the world faces is that soon the available above ground silver is about to run out at current levels and someone, somewhere is going to have to go without. This means that whatever limited amount of silver is left available will go to whoever is the highest bidder and unlike fiat currencies central banks cannot print more silver at will so there is going to be a real price discovery whether they like it or not. Let the games begin...
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It strikes me as more than coincidence that this is happening on the dawn of the introduction of the new EU digital currency. What has happened in the past is irrelevant today because it was not in the interests of capitalism then to completely reset economies let alone the global one but now it is essential to discard that which no longer serves. There is a new world on the horizon. This is the transition period. It has been called the Great Reset. The plans and objectives of which have been outlined by the World Economic Forum. We live in very interesting times.
edited; I said what I consider to be happening. What I didn't write was why. The price of tangible metal and commodities is rising because the markets are withdrawing their money from fantasy investments like insurance and investing in something real. It always happens just before a major crash. These rises are unprecedented and likely signify a complete abandonment of old financial systems. On a positive note I have been polishing up on bush craft, foraging and accepting the realisation that I might have to live with out money. It's looking good xxxx
edited; I said what I consider to be happening. What I didn't write was why. The price of tangible metal and commodities is rising because the markets are withdrawing their money from fantasy investments like insurance and investing in something real. It always happens just before a major crash. These rises are unprecedented and likely signify a complete abandonment of old financial systems. On a positive note I have been polishing up on bush craft, foraging and accepting the realisation that I might have to live with out money. It's looking good xxxx
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The reason that several dozen different countries are suddenly introducing digital IDs together in lockstep all at exactly the same time is because it is necessary to serve as the digital wallet system for the upcoming digital currency (aka CBDC) which they are planning to try to introduce next. A CBDC unlike the digital currency that we currently use now will be totally trackable, programmable and controlled by the government (or whoever centrally operates it) giving them total power to control where, when and on what you are allowed to spend your own hard earned currency.
The self-proclaimed elites who govern us (there is nothing elite about them, they are just a bunch of rich, power hungry, pathetic weirdo freaks) will try and sell this new digital currency to us as being a ‘great financial reset’. But as anyone who has any basic understanding of both Austrian and Keynesian economics will know, this is really just a continuation of the current debt based fiat currency system. In fact this new upcoming CBDC digital iteration of the currency is actually nothing more than just the final dying breath of the existing debt based fiat currency system as it enters the terminal hyperinflation death spiral stage that every debt based fiat system throughout history always ends in.
The real financial reset will happen afterwards when a new (probably digital again) currency comes in which this time, to gain public acceptance after the financial collapse, will have to be backed by real tangible physical commodities (almost certainly gold and silver predominately but possibly also including a basket of other real physical commodities such as oil and wheat might be included too). This new commodity backed currency might be the upcoming BRICS currency which is being set up right now by China or maybe it will be another different new commodity backed currency of some kind. We will have to wait and see what the future brings based on which side wins and who ends up in the position of the next globally dominant empire.
This may all sound extraordinary to the average layman who has no understanding of history and Austrian economics, but it is actually nothing new. This has happened many times before. Over several millennia of recorded history there have been over one thousand separate recorded examples of debt based fiat currencies which have existed and without exception every single one of them have all ended in exactly the same way - hyperinflation. It is just a mathematical inevitability of any Ponzi currency system which has to continuously keep creating new debt out of thin air at an ever-accelerating increasing rate just to keep financial liquidity flowing in the system. The only difference this time to what has come before is that the current debt based fiat currency systems are digital and they are much, much larger (being global), but the underlying mathematical principals which govern how they operate are exactly the same as every other time before.
For more information and a better understanding of this and what is currently happening to the world right now consider watching the excellent video Principles for Dealing with the Changing World Order by Ray Dalio. It is possibly the most important video you will ever watch in your life.
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That all makes perfect sense and in line with my observations. I think what will differ in digital economies eventually is that there will be no debt since ownership will be a thing of the past and therefore there will be no way to accumulate any. If this new digital currency is accepted it will be the end of freedom and privacy and the beginning of a totalitarianism unlike anything witnessed before
I watched this video and it did little more than describe the mechanics of a game of global musical chairs. that has gone on for centuries. What is happening now is very different. The present power shift is designed so that another shift in power can never again take place. Too often we look for patterns in the past to find clues for the future and until now it could be observed and predicted. I do not know what will unfold this time but I am certain that there is no way that the wanabe players are going to leap on a a chair leaving the USA out of the game as the music restarts and the game goes round and round in circles again for the next 250 years till it happens all over again,
I am going to keep practicing bush craft and self reliance.. I have had enough of all this greed, power and nonsense as I find myself gravitating more and more back toward nature. It feels very powerful and true. xxxxxx
Nothing is permanent. This period of tyranny that we are living through is a phase like any other. One way or another it will be overtaken by events and will eventually pass .
This part I feel in my gut to be right and true above everything else. The best investment anyone can make (financial or otherwise) is in yourself. Read books, surround yourself with good people, keep fit and healthy, treat your friends and family well, be respectful and spend time living at one with nature and we will probably be fine one way or another. Stick to the source and what is real.
Everything else is little more than speculation and guesswork about the future based on limited current evidence, previous historical patterns and the ever constant predictability of human nature.
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At least no one's being overdramatic about anything, that's the main thing.
Oh it's fascetious
On note though; I know of three gold mines, and six silver rich ones, ready to start work just as soon as the price becomes economically viable, most are mothballed....and that's just in Scotland...one has to wonder about worldwide.
On note though; I know of three gold mines, and six silver rich ones, ready to start work just as soon as the price becomes economically viable, most are mothballed....and that's just in Scotland...one has to wonder about worldwide.
Not sure I entirely agree, or understand, the larger economic theory being proposed, but I do agree on the potential outcome that it will all end in tears.
My more simplistic view, is that it is all based on the false impossible idea/driver that continous growth is necessary and essential. Like a tree, everything can grow to a certain extent, then holds there for a bit ,before it all implodes and come tumbling down. See, Simples.
I beg to disagree with Dale on one point - debt. As you will own nothing, you will have a debt and owe those who supply everything. This will start at birth (medical services etc) and continue thereafter. e.g. software and cars are moving to a licensing model with various creative financing options, but you will never own it. Housing ditto (mortgages/loans, then lifetime taxes and death duties).
Whether bushcraft will be our salvation or not, no idea, but it does bring some comfort, and enjoyment.
My more simplistic view, is that it is all based on the false impossible idea/driver that continous growth is necessary and essential. Like a tree, everything can grow to a certain extent, then holds there for a bit ,before it all implodes and come tumbling down. See, Simples.
I beg to disagree with Dale on one point - debt. As you will own nothing, you will have a debt and owe those who supply everything. This will start at birth (medical services etc) and continue thereafter. e.g. software and cars are moving to a licensing model with various creative financing options, but you will never own it. Housing ditto (mortgages/loans, then lifetime taxes and death duties).
Whether bushcraft will be our salvation or not, no idea, but it does bring some comfort, and enjoyment.
i don't really have any answers but i remember hearing, hope for the best, prepare for the worst and take what comes. i have spent a lot of time in my life thinking about the could be's, would be's and should be's. now i try to live day by day and minute by minute. as for tyranny i look to the past and take great comfort. Rome, Germany, Egypt etc are all just dust . x
And like a tree it will spit out seeds some of which will prosper and grow and be as big and strong, if not stronger, than the original tree and these will also spit out seeds and so the cycle continues. I agree, simples, nice analogy.
That's nice concise way summing it up.
Another good concise summary of our current position in the cycle. Despite the turbulent times we appear to be heading into for the short term I still feel highly optimistic about the future and where things are ultimately heading.
Ok, Explain this stuff about silver.
I like silver as jewellery, a) Affordable and b) a neutral shade, so goes everywhere.
Historically it was used in Silver Nitrate, a vital component of photography.
We no longer have a huge need for that. (I heard Kodak are failing)
So, why is the value going up?
I like silver as jewellery, a) Affordable and b) a neutral shade, so goes everywhere.
Historically it was used in Silver Nitrate, a vital component of photography.
We no longer have a huge need for that. (I heard Kodak are failing)
So, why is the value going up?
Tengu. read back through this thread and you will get an idea about silver and why is has become more topical x
Supply and demand of both gold and silver. Supply is limited, Demand falls into 2 parts
a) They are both used and needed in a wide range of industrial manufacturing processes, besides making pretty stuff.
b) It is held and hoarded Golum-like, by those who think it has some special intrinsic value that will remain, when the value of other things drops or there is some physical or economic disaster.
At the moment the Golums are trying to hoard more, and this is driving the price up.
More Simples.
a) They are both used and needed in a wide range of industrial manufacturing processes, besides making pretty stuff.
b) It is held and hoarded Golum-like, by those who think it has some special intrinsic value that will remain, when the value of other things drops or there is some physical or economic disaster.
At the moment the Golums are trying to hoard more, and this is driving the price up.
More Simples.
There are many different reasons all seemingly to come to a head at the same time. Here is a very limited and brief explanation of the five main reasons.
- For many years years there has been a steady increase in the amount of silver being consumed by global industries. Silver is a crucial material used in virtually every electronic device manufactured across the world from mobile phones to batteries to cars to solar panels to AI data centers to aeroplanes and missiles and much much more. It is also heavily consumed by the medical industries due to silver having natural anti-bacterial and anti-microbial properties.
- Over the same time period that global industries have been steadily increasing the amount silver they consume the amount of actual silver being mined out of the ground has steadily been decreasing which has caused an increase in supply/demand pressure on availability. The main reason that less silver is being mined is due to most of the easy to find and mine silver having already been dug out of the ground and what silver is left in the Earths crust is becoming harder to find and remove. Improvements in mining technology have offset this effect to some degree but the reality is that all of the really easy ‘low hanging fruit’ silver has already gone or has not yet been found. As Toddy mentioned a few posts ago, there are many abandoned silver mines dotted around which still have some silver left in them which could be reopened if the price ever gets high enough for it to be economical to do so, but the silver which is left in them will require considerably more energy and resources to mine than what has already been removed from them.
- The stored reserves of physical silver in the two main global metals exchanges (COMEX and LMBA) has been steadily decreasing for years and it is now at alarmingly low levels. Large bars of mined and refined >99% pure silver bars ready for industries to use is now effectively running out causing long delays. Anyone placing a large order of physical silver bars has to either wait for a long time before it gets delivered or they have to pay a very large premium over the official paper spot silver price if they want to take physical delivery straight away. This difference between these prices is called ‘the spread’ and it is very rapidly increasing. What we are witnessing is a decoupling between the low paper spot price and the high real world price for immediate physical delivery.
- For many years the bankers and Wall Street have been artificially suppressing the price of silver by effectively selling people paper promises to silver ownership fo silver which they neither hold or own. This racket is technically legal and is called rehypothecation. There are currently hundreds of times more people who think they own silver on paper than there are actual physical ounces of real silver to back up those paper promises. However this market is showing signs that it may be about to collapse as too many people are starting to lose trust in the paper spot price of silver and are instead demanding delivery of their physical metal instead.
- Many high-net-worth investors (both wealthy individuals and large hedge funds) are rapidly diversifying out of stocks and bonds and instead reinvesting into the safety of assets such as gold, silver and other safe commodities. The reason they are suddenly and rapidly doing this right now is because the stock market is in a huge bubble and looks like it is due for a major crash at any moment. The exact timing of this upcoming crash is impossible to predict with any degree of accuracy, it could be today, or next month or next year. No one knows for sure but due to the enormous size of the bubble and the current market conditions you can predict with a high degree of confidence that a major stock market crash will be coming sooner or later. Probably sooner rather than later in my opinion.
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