3 Answers

I DO NOT BELIEVE SILVER WILL HIT THE 80.00 DOLLAR MARK ANYTIME IN THE NEXT 20 TO 50 YEARS , FOR IT TO GO UP THEIR WILL HAVE TO BE A DEMAND FOR IT JUST AS IN ANY OTHER BULLEON MARKET THE HIGHER DEMAND FOR ANY PRECIOUS METAL RESULTS IN AN INCREASE IN PRICE .IT HAS TAKEN OVER 40 YEARS FOR IT TO REACH THE ALL TIME HIGH PRICE OF 27.00 DOLLARS BUT JUST FOR A SHORT TIME IT IS NOW DOWN AGAIN TO ABOUT 19.OO DOLLARS AN OZ.

Very timely question. Possibly between the next 1-2 years. Historically, the price of gold has been somewhere between 15-18 times the price of silver. In 1980, gold hit $850/oz and silver hit about $50/oz. The price of silver is much more volatile than gold; it is also an industrial metal. There are more and more uses being found for it.  It is also seen as the "poor man's gold." I've seen predictions for $150-$200 per ounce, and am heavily invested in the stocks that explore for it. One country after another has experienced severe financial difficulty, e.g., Greece, Spain, Italy. The Chinese banks have engaged in massive capital expenditures, many of which are doomed to fail. The s**t hasn't even hit the fan there. It appears that silver has been heavily manipulated, to keep its price down. Things will get a lot worse before they get better. If you can afford to lose money and believe silver is "going to the moon", then buy it, or carefully selected silver stocks. I bought lots of MAG Silver years ago at $1.50/share, about a year later it was $17/share, then it went down a lot. I never sold any and there is a projected price of $20/share within the year. That will prove to be very conservative if all goes well with the company and silver "goes to the moon! "  http://finance.yahoo.com/q?s=MVG&ql=0

If anyone knew the answer they could corner the silver market and become the richest person in the world. shortly after they could own the world. About 30 years ago the Hunt brothers, Nelson and Bunker tried to corner the silver market and failed.