@engineer said:
Silver (and gold and platinum) have been real superstars this year because they have completely skyrocketed because of the global economic collapse that's slowly playing out. Put another way, the value of global currencies (like the US dollar) is plummeting in silver terms.
Price targets for silver getting thrown around:
$100: a nice round number
$200: previous all time high adjusted for CPI
$700: previous all time high adjusted for M2
If silver keeps going up I might be able to megadose certain Idealabs products
Did you sell your silver at your $100 target? If so, good for you. You made a nice profit, and could buy it back today for about $58.
Calling it "The Death of the Dollar" seems like overkill. We saw a spike in silver like this before in the late 70s, and the dollar didn't die then, nor did US dominance. I would think the dollar has at least a few more decades in it, as the US Navy is still the most dominant in the world, and there is no serious challenger (China's Navy still runs on diesel).