A Wager: Silver's New Price Floor?
Let's make a wager! In my previous post, I discussed whether or not silver has enough demand to maintain a price floor of $65/ounce. With the conflict in Iran still ongoing, some of the attention has shifted from silver to oil. Even those who aren't necessarily interested in oil are making strategic moves in the commodity market as a whole.
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It's anybody's guess whether silver spot price will hold at $65/ounce or if we'll see it drop lower and possibly regroup at a lower price level. Regardless of what it does, why not have some fun with it?
I created a new market in Hive Predict for this. Let's make a wager and see if silver spot price will be above or below $65/ounce by the end of April. Remember that 5% of the total pot is burned, which helps fight HIVE inflation!
As a bonus, I'll send everyone who participates 2 HSBI just for entering, regardless of what you wager! Let the game begin! 😉
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It went below $65 last week so definitely no on $65.
I'm not sure where you saw that. It's come close but hasn't dipped past $65 yet. If it does, it'll be interesting to see where it consolidates.
!BBH
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!ALIVE
The Melt Value of Silver will be Set at $9 per ounce, payable in “circulating “ Silver Coins denominated in Dollars “or” Silver Certificates denominated in Cents…
How would that happen when the rest of the world values it much higher?
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Payable in Silver Coinage or Silver Certificates… The rest of the world isn’t yet aware of U.S. Stable Coinage… Actually, the smaller numbers will have 100 times more Spending Power than todays Fiat USD’s… $9 in U.S. Stable Coinage times 100 equals 900 of todays Fiat USD’s per ounce of Silver…
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Very interesting analysis, especially the idea of a silver price floor. It's a fascinating topic because it combines industrial demand and investment. Silver reacts to two forces:
1-the real economy (industry, energy)
2-finance (inflation, rates, dollar).
Thank you for discussing these topics.
You're welcome!
We'll have to see if I'm right or not.
Thanks for commenting!
!BBH
!PIZZA
!ALIVE