At what price are you selling?
- Thread starter SilverDJ
- Start date
Personally, I plan to do one more buy if there's a pullback. SS are price sensitive as we are too used to buying at us$15-us$20, after premiums. Newcomers may not have such inhibitions, and certainly manufacturers will need to buy even if silver is us$50.
This kind of inhibition is in fact good for preventing FOMO. This is why I make a point to buy a little of everything when the price is low, so that I won't be hit by FOMO.
It's a simple investment strategy that doesn't need much skill or mental control. Buy when it's cheap, don't chase and sell 50% of it when the investment has tripled or quadrupled and the rest is house money.
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Pirocco
Well-Known Member
A more interested question would be: what are you gonna do with the dollars you got in return for your silver.
Parking on a bank account, with a crisis planned soon, and with since a decade clearly communicated rather low (less than half house price) "state guarantees" under a certain limit, the risk is clear.
It's also quite possible that in the next crisis, bank accounts will be even more limited in usage, especially on opportunity moments, you know - those to buy back in low.
Just look at earlier this year, the silver price was driven to a record low, yet I've nowhere seen silver for sale at less than a couple euro's above what I paid at a higher price couple years ago, with my currency about the same.
Based on this topics NOW-<void>-$38-NEVER option range, and now being $28, I'd say $28+($38-$28)/2 so $32.
Parking on a bank account, with a crisis planned soon, and with since a decade clearly communicated rather low (less than half house price) "state guarantees" under a certain limit, the risk is clear.
It's also quite possible that in the next crisis, bank accounts will be even more limited in usage, especially on opportunity moments, you know - those to buy back in low.
Just look at earlier this year, the silver price was driven to a record low, yet I've nowhere seen silver for sale at less than a couple euro's above what I paid at a higher price couple years ago, with my currency about the same.
Based on this topics NOW-<void>-$38-NEVER option range, and now being $28, I'd say $28+($38-$28)/2 so $32.
As an example, in Australia you could buy:
June 2013 - 1oz Silver Kookaburra 2013 - $28.22
May 2014 - 1oz Silver Saltwater Crocodile 2014 - $24.39
August 2014 - 1oz Silver Lunar Goat 2015 - $31.70
June 2016 - 2015 Australian Kangaroo 1 oz - $28.85
April 2017 - 2017 Australian Silver Swan 1oz Bullion Coin - $36
June 2013 - 1oz Silver Kookaburra 2013 - $28.22
May 2014 - 1oz Silver Saltwater Crocodile 2014 - $24.39
August 2014 - 1oz Silver Lunar Goat 2015 - $31.70
June 2016 - 2015 Australian Kangaroo 1 oz - $28.85
April 2017 - 2017 Australian Silver Swan 1oz Bullion Coin - $36
even cherry picked silver is not the best performing asset
SouthCoastSilver
Active Member
Already sold it. Picked up some other precious metals (lead and brass) with the proceeds and soon to be a engagement ring
Edit: Lead and brass obtained legally, ASIO please don't come and van me
Edit: Lead and brass obtained legally, ASIO please don't come and van me
shinymetal
Well-Known Member
I brought 2 10 oz bars on March 16 for $226.7 each right at the bottom, now a 5oz bar is going for $226.5 on bullion now, it was the last 2 bars in stock same brand and everything.. granted a premium on the 5oz vs 10oz.. but still half the amount for the same price.... roughly. That's a fairly good performing asset! not really sideways... gold has broken highs, silver is sure to get past USD highs.. so that's well past $50 AUD the way it is at the moment. granted that was cherry picked silver, but still. 
I can cherry pick stocks or cryptos over the same perios that have done far far far far better silver has gone up -- everythign has gone up silver has gone up LESS than other things still
in you same time frame I could have bought afterpay ( or many other stocks) at $9 share and today I can sell it for over $70
shinymetal
Well-Known Member
⁸fair point I guess. But silver is no longer sideways. it will be interesting to see where it goes in the future.
If you make 100k on after pay and want to put it into silver you would wait a decent time to get it. the more people doing that... and there will be, the longer the wait. until they can no longer guarantee the metal
If you make 100k on after pay and want to put it into silver you would wait a decent time to get it. the more people doing that... and there will be, the longer the wait. until they can no longer guarantee the metal
Yeah looking back at stocks you could have bought is easy but silver is easier at this point.
Setting records everyday baby!
Theres a reason PMS are the best performing asset so far this year. Ride the wave while stocks lose to inflation. Yeehaw!
Setting records everyday baby!
Theres a reason PMS are the best performing asset so far this year. Ride the wave while stocks lose to inflation. Yeehaw!
Yeah and I can buy and sell things with my metals, unlike stonks.
It's different. Stocks and cryptos can go to zero. Silver is forever. Bury it in the ground, someone digs it out 100 years later, it is still valuable.
And the bull run is just beginning for metals, havent seen ANYTHING yet.
If you cant run with the big dogs, better stay on the porch!
If you cant run with the big dogs, better stay on the porch!
Theres a correction coming alright and its already here.
The correction is UPWARDS, the direction its moving now.
Other than this dont expect many meaningful drops anytime soon. It's got some catching up to do before that happens.
It's already blown through points of resistance with little or no concern so expect some more of this before its over.
The socialist Republicans have replaced the socialist democrats as the party of fear and preps.
Trumps first full term has seen more gun sales, toilet paper sales, homelessness, unemployment, lost jobs, failed business, bullion sold out, police state and freedoms taken than any other before him.
He must be proud making america great again!
Total fucktard.
The correction is UPWARDS, the direction its moving now.
Other than this dont expect many meaningful drops anytime soon. It's got some catching up to do before that happens.
It's already blown through points of resistance with little or no concern so expect some more of this before its over.
The socialist Republicans have replaced the socialist democrats as the party of fear and preps.
Trumps first full term has seen more gun sales, toilet paper sales, homelessness, unemployment, lost jobs, failed business, bullion sold out, police state and freedoms taken than any other before him.
He must be proud making america great again!
Total fucktard.
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Weren't you selling your silver?
Yes, yes, your endless bundle of stocks against silver blahblahblah.
The thing about gold and silver is they're speculative but also offer financial protection. Cryptos have not proven themselves to offer financial protection..yet.
I can't think of any stocks that would legitimately offer financial protection AND the same level of opportunity in a crisis as Gold and Silver.
Not everyone buys PMs solely for speculation, infact, I believe many value the financial protection more than they do the small opportunity to cash out and get back into fiat.
I think most people only really want to sell now because they believe there'll be an opportunity to buy more at a lower price down the track. Plus, people feel good when their decisions to purchase or 'invest' have resulted in them gaining further opportunities.
For an asset that you can hold, one that offers both financial protection and opportunity, Silver has done extremely well.
I'd like to remind everyone that Silver's Bull Run lasted from 2008-2011. We're currently 5 months from the rapid price drop in March, and the economic threats are more severe than they've ever been in modern history.