From now on there is the serious chance that PM can surpass BTC in price growth.
That would represent a giant fail for Bitcoin IMHO, though as always I believe that anyone dabbling with Bitcoin should still expect a very real possibility of a 100% loss. They can reduce this risk by taking profits if they are lucky enough to see them however. I'll do so if/when we see something around $100/BTC.
Yesterday Jim Sinclair (the only one who predicted gold @1600 USD several years before that happended, with only an error of a few months) said that gold will go to 3500 USD (but without giving a timing), and others argue that silver may well go even better, going toward the secular long-term gold-silver price ratio of 15.
You have been warned.
I think that Sinclair is on record as expecting a lot more (e.g., "Alf's numbers") in the event of a crisis so I'm taking his new(-ish) $3500 as a status quo growth estimate. It's less than one more doubling and we've already seen several so it seems eminently possible and something of a yawn to me.
As for silver, the most recent thing I read was some article exploring peak production issues. With the associated reality that
- much silver production is a by-product of other industrial metals mining which would be effected by an economic down-turn,
- silver has it's own industrial uses and is almost irreplaceable for some of these including ones in the energy sector,
- silver can shape-shift between industrial and monetary uses due to it's history
- inventory is almost certainly pretty thin and much reclamation has already occurred
- is way under it's historic gold ratio.
I could see silver going quite ballistic. Much more than gold (but not as much as Bitcoin which I believe is potentially hugely undervalued at this time.)
