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Same thing happened when it peaked at 20k - the hairdressers were talking about Bitcoin and altcoins. The difference this time is big time investors started gam

Same thing happened when it peaked at 20k - the hairdressers were talking about Bitcoin and altcoins. The difference this time is big time investors started gambling with it - so who knows where it's going to go.

Spooky23 6y ago
Silver was a big bubble at that time too. I knew the end was near when the owner of a restaurant I frequented showed me the silver statue he had made of his dog. Once you have real ETFs the crypto mania will turn into yet another debt fielded bubble. In the meantime, enjoy the ride!
- cosmodisk 6y ago
  It will be interesting to watch silver prices in the long term (20 years),as it's supply will be getting lower,while some important industrial applications will unlikely to ne replaced quickly enough.
  - Blueskytech 6y ago
    I think Silver is the straw that will break the camels back, it’s hard to know if it will be in 1 or 50 years but it’s fungible and affordable while also having increased industrial usage. At this point it is almost at parity for industrial consumption as it was in the 90s when silver was used to develop analog film. It’s certainly true that topological insulators may replace silver in many electron transfer applications. That being said medical uses due to the way it kills micro organisms through sulfur attraction, and it’s thermal properties, will possibly continue to expand industrial consumption.
- lifty 6y ago
  It is the bed central banks have laid for ourselves. They did and continue doing everything in their power to prevent asset price deflation, and this is the result. And I imagine that when things will get even more out of control we will get capital controls.
  - vkou 6y ago
    Given that money supplies contract during recessions, which drives deflation, I would argue that they did everything in their power to prevent both asset price deflation, in addition to actual, main-street deflation.
- TomSwirly 6y ago
  Indeed, silver is actually useful in a huge number of ways, from electronics and technology, to making beautiful and functional items for the home, to defending against supernatural creatures, which brings us back to Bitcoin.

Spooky23 6y ago

Silver was a big bubble at that time too. I knew the end was near when the owner of a restaurant I frequented showed me the silver statue he had made of his dog. Once you have real ETFs the crypto mania will turn into yet another debt fielded bubble. In the meantime, enjoy the ride!

cosmodisk 6y ago
It will be interesting to watch silver prices in the long term (20 years),as it's supply will be getting lower,while some important industrial applications will unlikely to ne replaced quickly enough.
- Blueskytech 6y ago
  I think Silver is the straw that will break the camels back, it’s hard to know if it will be in 1 or 50 years but it’s fungible and affordable while also having increased industrial usage. At this point it is almost at parity for industrial consumption as it was in the 90s when silver was used to develop analog film. It’s certainly true that topological insulators may replace silver in many electron transfer applications. That being said medical uses due to the way it kills micro organisms through sulfur attraction, and it’s thermal properties, will possibly continue to expand industrial consumption.
lifty 6y ago
It is the bed central banks have laid for ourselves. They did and continue doing everything in their power to prevent asset price deflation, and this is the result. And I imagine that when things will get even more out of control we will get capital controls.
- vkou 6y ago
  Given that money supplies contract during recessions, which drives deflation, I would argue that they did everything in their power to prevent both asset price deflation, in addition to actual, main-street deflation.
TomSwirly 6y ago
Indeed, silver is actually useful in a huge number of ways, from electronics and technology, to making beautiful and functional items for the home, to defending against supernatural creatures, which brings us back to Bitcoin.