I saw that on another forum, and I thought some here would like it. While I see things differently, at least the dude did some honest thinking about it. VC
based on what frank says.. you want to sell your gold when everyone wants to own it.. this seems like the time to sell it, as everyone is buying.. any one agree ?
Nah not really... maybe people here in SS are buying some, but that's not people in the general sense. Back to the original post, I think the points brought forward by the poster do make sense too. Really hard to tell which way all this is going...
Consider a bank account a dozen years ago. No global economal collapse happened since, right? Yet, in terms of house purchasing power, it was a >50% loss. So I'm not sure about the relevance of global economical collapses with precious metals. Global economical collapse or not, precious metals are just an alternate method of saving, that's all. It's the best time in over 2 years to buy precious metals. Yet, some talk about selling. It makes me shudder.
Pirocco, do you think there will be better opportunities in the days to come. Is the recent drop coming from the 200 my oz drop in demand from silver investing? Thanks G
Well, extrapolating here, but I guess silver is being bought by the western eu, usa, australia middle class. The same class of people loosing jobs and having to live with higher prices, inflation. Some have silver as their majority of their nest egg. So they would be selling if they loose jobs and in the absence of the same middle class buyers this silver has to go to dealers and into the open market which brings the market down further. ...
A late answer. Do you actually have figures to support these claims? Silver dominantly in possession by middle class? Middle class dominantly losing jobs? Middle class dominantly affected by higher prices? Silver dominantly bought by middle class? How does it matter to who silver is sold? Any sale of silver implies a purchase of silver. If I sell silver to another stacker then that stacker won't buy from dealers. If I sell silver to a dealer then another stacker will have to buy from dealers. It's just a shift, so your argument even fails in the logic. Why I revisited this topic: since some days it's all about US embassies closing due to terrorism treat. If there would occur some bomb attack in a western country, what effect would that have on the US side stocks/indexes? See, that is how a big market reversal typically happens: an event that draws alot attention. Central bank action, a sudden bad economical figures release or revision, a terrorism attack, ... How many on this forum are aware that the US stocks sit on super highs? They didn't already EXIT because they want to maximalize profits. And such event may scare them just that tiny bit needed in order to press the EXIT. The professionals / big players first. Then the technical analysis guys that see the consequential patterns on their charts, hitting EXIT. High red candlesticks. The panic starts. And then we go, byebye 2 years of uptrend. All it needs, is a trigger event. Like a terrorism attack on a place we so far didnt get used too haha.
