So Silver spikes to $100 in the near future. Who is selling their physical silver and where are they selling it? More importantly who here is buying at $100?? In a bubble spike I don't see physical silver in demand I would think it would be speculators more interested in paper silver. What are people's thoughts.
They'd probably demand physical from their pieces of paper and then when it becomes obvious (to them) that CRIMEX actually doesn't hold that much physical silver there will be a mass panic and we'd be lucky to see such a low price ($100). I'd sell my silver when it becomes obvious the market is way overhyped or when I can find a better asset class to invest in.
Hm... Gold was about $300/oz in 2000. now is $1400/oz and individuals and countries are still buying. I would start worrying when central banks stop printing money.
I will sell some at $100 and some tomorrow even (I'm not worried about short term dollar devaluation as the Canadian dollar isn't losing value at the moment).
I'd sell if there are alternative investments I can recycle the profits into. \(_o)/ ps. I don't mind taking profits once in a while, and have been considering it this week.
