Silver Spike...

Discussion in 'Silver' started by SilverSale, Jun 14, 2019.

  1. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Were you also at the GSC lunar sale? I missed that one.
     
  2. JOHNLGALT

    JOHNLGALT Well-Known Member

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    A short Video pertaining to silver (12 minutes or so)

     
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  3. alor

    alor Well-Known Member Silver Stacker

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  4. wolfstack

    wolfstack Member

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    I'm new to (physical) stacking of silver but not new to investing and an important rule to investing is diversification. So I don't think it's right to say oh you should have invested in gold or even cash would have got better long term interest than silver - you should have invested in all of the above and more like real estate, stocks, etc. and the percentage of how much of your wealth to put in each one is actually an art form and its a beautiful thing to see when it's performing it's dance of light when you get it right.
     
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  5. alor

    alor Well-Known Member Silver Stacker

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    we have been blindfolded by the exchange rates, so what is most likely to happen is dropping the bar on the toes
    how to tell if gold or silver just by feeling them, tungsten is very close to gold, while silver and copper would feel similar
    unless they are at least 3x beggar
    otherwise the risk of default is just unacceptable for majority of risk takers
     
  6. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I'm slightly over a year into stacking, it has been a nerve racking ride to say the least. A 15% drop in silver price or 8% drop in the price of gold over 3 months, and it's like the end of the world. Likewise a 8% rise in gold and silver is considered dead and condemned if it doesn't match up. For stocks, swings of 10%-15% a day is common.

    I try to maintain 50:50 on silver and gold but gold is really getting too expensive to buy, I'm referring to 1oz coins.
     
    Last edited: Jul 8, 2019
  7. 1for1

    1for1 Well-Known Member

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    Really strong overnight session for silver up 50c.

    I expect this to be the early stages of a silver breakout where it retests $50 over the course of 16 months as silver takes the lead from gold and precious metals enter the proper Bull phase.

    Looking for some elusive $1 up days in the coming weeks and months.

    Chasing 10oz low premium bars for the first time in years as I envisage a multinational from here purchased near these levels.

    Go silver... You vastly undervalued commodity.
     
  8. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Moving up very strongly :)

    Sliiiiiced through US$16
     
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  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Yes, it had been a good 10 months or so for those of us buying semi-numis, QBs, lunars, koalas, crocodiles...
     
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  10. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    I have plenty of silver I paid $17 and $18 from a few years ago but nothing over $20. I need a couple more dollars to be in the green and I'm selling it all! JK
    I did get some $14 silver while it lasted
     
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  11. Damon

    Damon Member

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    Bout to break $23 per oz
     
  12. Damon

    Damon Member

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    Will see a $1 up today
     
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  13. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    I bought some 7cent SVL today... Giddy Up Silver Mines!
     
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  14. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    It's still cheap as heck and dont pay attention to a handful of zinc pennies. Keep stacking as hard as you can. Even sell some crap you dont need and buy some metals. It's always better to have that money freed up into REAL money anyway.
    Sell everything you dont need and stack it away while you can. You'll feel better after simplifying and you might double your stack (and wealth) in the process!

    Silver is about to say "hold my beer and watch this!"
     
    Last edited: Jul 19, 2019
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  15. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    I imagined you saying that with an American accent :p

    I do like fireworks.
     
  16. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Yeah I should have said "hold my beer and hand me my gun!"

    Rebel Son sing it best in "Redneck piece of white trash". It's a catchy tune and I'm a rocker through and through.
     
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  17. alor

    alor Well-Known Member Silver Stacker

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  18. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Congratulations on buying some PAPER representations of Silver.
    I hope it works out for you.
     
  19. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    I'm sure it will :D :D
     
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  20. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Congratulations on buying some PAPER representations of Silver.
    I hope it works out for you.

    Otherwise you are left with PAPER & we have the 'REAL THING'.
     
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