Good time to buy Silver?

nicotineandcaffeine said:
I'm paying more in tax on crypto than all my silver is worth (Australia). I owe $26k in tax on one shitcoin alone (LINK)

Bitcoin is usually taxed as currency. Depending on where you are some countries like UK are very lucky not to pay either income/CGT or VAT on gold. Silver is usually taxed as a collectible (hint, buy it as a second hand good).
Click to expand...
good, take manure only
call the tax office, when they want their cut deliver
1415202938037_wps_21_Farmers_from_the_French_f.jpg
 
Back to the OP...is this a good time to buy silver?

The best time to buy is when the price is low

Is the price low now then?

Arguably it is quite low but not all time low. It is now clear by repeated examples that the best time to buy it is when there is high emotion governing price action south. This was the case in the height of it in March. Everyone here that night saw the price plunge. There were some truly excellent bargains to be had in the USA, if you pulled the trigger (about $11 USD for ASEs) . In Australia you could buy around 23 dollars per coin from ABC bullion if you wanted. At that point, there was plenty of stock to gorge on.

A couple of things that may be relevant..

Shenanigans aside, the “new” US administration intends to confect a couple of trillion USD out of thin air and spend it on whatever its lobbyists desire.

This should have an inflationary effect on commodities in general. But given that moneyed people in the USA and China are buying arable land now, logically soft commodities stand to gain in price and thus agricultural land. If you don’t have any, maybe it is time to think about it.

The second issue is the “green” boondoggle so favoured by the top for decades now, at least since Gore was given a Nobel, but likely decades before. Literally taxing carbon-12 and by proxy the air you breathe.

Biden can be regarded as a bought and paid for president, apparently receiving the most votes ever in the history of the USA on a campaign run from his basement. I guess he was just too popular so out of compassion cancelled his inauguration, thinking about like people crushed in the ecstatic crowds that would throng his every movement like Adolf Hitler at the Nuremberg rallies.

Given “Biden” intends to spend up big time on so-called green tech, in a perverse way hard money advocates may see the POS rise for this reason. Silver paste is something to watch specifically.
 
Last edited:
March 2020? I managed to place a 2 kilo order on the Sat before the big plunge. On the Monday I was back home only in evening and my dealer website hung the entire night so I gave up and bought stocks instead.
 
Mill3d said:
In earlier days, crises precipitated through loss of confidence by the likes of BTC-e and Mt Gox saw an 80% drop in the BTC price

The effect of quantum computing is coming and within the next 5 years if I’ve understood correctly.
Click to expand...


If they use it to mine bitcoin, it will not take 5 years, maybe next year QC will be mining bitcoin.
 
I saw it mentioned on some article and it talked about the problems that will happen if QC pushes the bitcoin block to 1000. Does the problem from QC also applies to other cryptos such as etherum, tether and ripper? Haven’t really found an objective report on QC and crypto, most are really just propaganda.
 
nicotineandcaffeine said:
Send your BTC to quantum resistant address and hard fork. Fixed.

Greater threats from exchanges ripping you off and that sort of thing.
Click to expand...

sounds like you didn’t listen. There are plenty of lost keys that will be cracked. Maybe a few mill btc. Still a far-off event by the sound of it but inevitable
 
Yeah I am spamming. Its not pumping, its getting the biggest expert in silver into the biggest podcast in the planet. We need to get as many normal people on the boat as we can. This will get very ugly for whoever doesn't have any investment in metals
 
You must log in or register to reply here.
Back
Top