Silver Spike...

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

  1. Slimey

    Slimey Well-Known Member

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    I am on team 66rounds here.....sideways(ish)
     
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  2. Gonzo

    Gonzo Active Member

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    Really? I've been getting my fix from ABC in Sydney over the past few weeks. "dead" is not the term I'd be using to describe them... actually I would say there's regularly been another customer in there and sometimes up to 4 other customers. It's so hard to judge though, I'm only in there for 10 minutes max so both your and my evidence is just anecdotal.
     
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  3. mongrelmaple

    mongrelmaple Well-Known Member Silver Stacker

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    My thoughts exactly. Ainslie up in Brisbane have been on record saying that they’re really busy over the last couple months, but I’m the only customer there when I’ve been popping in. A 10-15 min visit isn’t enough of a scope size to know exactly what’s going on, and of course we aren’t factoring in online orders too.
     
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  4. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    "but I’m the only customer there when I’ve been popping in." exactly..
    A business will (generally) always tell you they are busy, even in less than perfect times - it is after all in their best interest to appear thriving.
    I've had a similar experience of being the only person there most times. This is a far cry from the full waiting room of people seen during the bull run of a decade ago.
     
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  5. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    My short experience tells me that dealers are the busiest when gold is cheap ~ $1250 or lower which was the case last year Oct to Feb period. Gold is now relatively expensive so it isn’t surprising that dealer business have gone down.
     
  6. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    ^
    Yep, gold shops dead in Bangkok on the gold spike ... Too expensive
     
  7. Gonzo

    Gonzo Active Member

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    Hmmm. I don't have the experience of you old timers... :D

    But I also note that over the past few months ABC and KJC had multiple items that were on pre-order (gold not silver). Also someone else on this forum noted it with Perth Mint and I did check their website to see that they also were out of stock on some items. Maybe they ran inventory down... but all 3 running inventory down? I've been trained to not believe in Qincidences. :cool:
     
  8. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    It might seem slow but there are some out there buying more than ever right now. Theres a chart for ya.
     
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  9. TreasureHunter

    TreasureHunter Well-Known Member

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    Really?

    I see many new ones popping up. But I can't stand the kitsch coins appearing nowadays with everything on them from Han Solo to Mickey Mouse.

    It's no longer a serious hobby if they can put almost anyone or anything on them.

    ...and all those "worthless" non-PM coins and medals made "just for the sake" of making something that sells (like low-cost ugly souvenirs to dumb foreign tourists).

    Never buy a coin that you don't want to look at once in a while! If it's not special to you (at least), it's not worth buying.
     
  10. TreasureHunter

    TreasureHunter Well-Known Member

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    Me too. I'm slowly getting bored about so much "sideways playin'". And some are saying "this is the correction".
     
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  11. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Metals coiled like a spring..
    Will we see... US$18 silver.... US$1500+ gold.... today ??
     
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  12. Jason1

    Jason1 Well-Known Member

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    Historically silver usually dips around Nov and December. picks up around January.
    For the 17 years of stacking Ive noticed that and I tend to stay away from buying around Jan, but good time to buy between Nov - Dec.
    Using that has always served me well to avoid bad buys, So nothing unusual about the flattening out in price this time of the year.
    I doubt there will be any spikes this year unless something major happens in the economy, which is unlikely before Christmas

    Im guessing the reason for this is people are sidetracked by Christmas and maybe freeing up cash. So I usually bank on a dip during Nov and Dec. But ive reached my stacking target so I wont be bothering to take advantage of that this year, well unless its a very deep dip lol
     
    Last edited: Oct 18, 2019
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  13. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Tharrrrrrr she blows!!!
     
  14. Silverman99

    Silverman99 Well-Known Member Silver Stacker

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    So looooong as she holds!!!
     
  15. Mint Silver Coins

    Mint Silver Coins Well-Known Member

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    There is a step back up ... to the previously tested ceiling of $18.50 USD / $27 AUD spotprice ... due on the 24/10/19 in PM

    which is the anniversary of
    1929 GD stock market crash and
    2008 GFC stock market crash

    dah, dah, dah, .... same day for both ... 24th Oct ... but then maybe that's merely a co-independence :p LOL

    But when the Chinese CBGT Central Bank Gold Token (which is already set up to trade as a currency) is released on the 11/11/19 ... watch for the stock market shock ... and a knee-jerk reaction with precious metals hike to the next level of $21.50 USD ... anyone planning on buying from eg. Perth Mint/Ainslie Bullion, should do so before the big price hike on/near/just before/just after the 11/11/19 (dependent on the exact release date ... but I believe it will be exactly on the 11/11/19 for symbolism of the date ... and will be a remembrance day ... none of us will ever forget).

    I can provide detailed information on how the plans for CBGT's (all countries have them, lying in wait) are going to pan out, it is quite shocking when you realize the full ramifications (and the future that lays ahead for Gold backed Crypto) ... combined, with the cash ban and negative rates, if anyone is interested?

    The urban "myth" of ... silver is about to sky-rocket ... is about to ... become urban "fact"
    and I can detail exactly why, how and when ... actually I think I will make a separate thread for it, as it is very detailed.

    Cheers :)
     
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  16. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Interesting, care to share your source? 11/11 is single's day created by alibaba.
     
  17. Slimey

    Slimey Well-Known Member

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    Yes, I am interested....I have seen every other forecast ( including my own ) go down the toilet....hell.... I have got a few more weeks to wait. Mint Silver Coins you now have the spotlight. I hope it is a good show.
    Break a leg.
     
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  18. Mint Silver Coins

    Mint Silver Coins Well-Known Member

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    66 Rounds .. I will post it by tomorrow:)
    as it is a mega-novel ... and not my usual mini-novel LOL :p
     
  19. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Dont make it too long. Most of us have ADHD I think.
     
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  20. Mint Silver Coins

    Mint Silver Coins Well-Known Member

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    I will do 3 threads then :)

    WHAT THE BAIL IN, CASH BAN & NEGATIVE RATES - REALLY MEAN TO YOU

    GOLD BACKED CRYPTO CURRENCY ... YOUR WORLD IS ABOUT TO CHANGE

    I have just posted this one in the Real Estate thread
    MORTGAGEE OR WANT TO BE - YOU REALLY MUST READ THIS !!
     

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