In 2011 I backed up the truck at every $32-$30 occasion. In 2012 I did it at $27-28 occasions. In 2013 (before aprils bangdown) at a $29 occasion, based on a wrong assumption (the getouts didnt buy back in) Later in 2013 I bought at $22 and $19.5 In 2014 I bought at $19.2 $18.5 and now $17.2. (all prices according to USD spot, not real silver coin prices ofc). About closed lips, don't mintsales give a pretty good clue? For ex, remember that 2013 mid april price drop finally below $26 (after X times a $26.5 bottom) ? Funny event the very day of that bangdown: 2013/04/01 812,000 2,000 0 2013/04/02 812,000 8,000 500 2013/04/03 812,000 16,500 2,000 2013/04/04 812,000 22,500 2,000 2013/04/07 812,000 25,500 3,000 2013/04/08 1,645,000 43,500 4,000 2013/04/09 1,706,500 43,500 4,000 2013/04/11 1,712,000 46,500 6,500 2013/04/12 1,712,000 50,500 7,000 2013/04/16 2,215,000 83,500 9,500 2013/04/17 2,387,000 147,000 18,000 <- nothing on the ASE sales, but huge AGE sale spike. 2013/04/18 2,387,000 153,000 19,000 2013/04/19 2,387,000 167,500 21,500 2013/04/23 3,068,000 175,000 28,500 2013/04/24 3,232,000 196,500 33,500 2013/04/25 3,232,000 203,500 35,000 2013/04/28 3,232,000 208,500 36,000 2013/04/29 3,356,500 209,500 37,000 2013/04/30 3,975,500 209,500 37,000 april 2013 ended as one of the biggest gold AGE/AGB sales months ever, and twice the normal. The sales figure sat in the same range as that alltime record year 1999 (probably due to Washington Agreement on CBGA's, the false suggestion that CB's would sell less, instead their 'limit' was high enough chosen to even sell more). I backed up my truck last thursday. Didn't need a truck tho for the 5 kilo tho. Gonna need alot more silver at this price to average down substantially. And I doubt stackers keep their mouth shut. It's more the undelivered club that is silent... at times haha.
we've been focusing on selling gold to then buy silver these past months, gold silver ratio trade. we've just sold a lot of our equity stocks to buy our retirement property in the carribean. perfect. selling metals our last option. from this point forward, regarding our excess savings, if market has not crashed yet, we buy more metals. If market has dipped more than 10-20%,we'll consider buying equities. all good. Have a plan and stick to it.
That had something to do with the offer for me to send bullion before payment was made, you do not trust me, so I reciprocate. ^_^
I am still buying just not buying much and I am trying to stick to semi numi stuff and betting on the premium not the underlying metal price which could go back to $5 / oz
at least u respond here no trade feedback so send first,receive payment shall apply as forum standard-u should know,u have been here long enough...but its all good,thanks
When the day comes to back up the truck, there will be no silver to buy at the bottom. The opportunity will be lost as the market accelerates.
unlikely, silver will be available still ... maybe at a higher price is supply is restricted ( which it wont be but that is a matter for another thread )
I have heard that there will be no silver available at the bottom quite often but I have never come across a silver shortage, maybe I have just never witnessed a 'bottom'. The only shortages I have been aware of have been a shortage of blanks which had a knock on effect to the American Silver Eagle prodction and the shortages at the Australian bullion dealers when there was a 6-8 week wait for bars to be manufactured. That was when silver spot was rising and there was a sudden unexpected rush for silver. I often see threads where people are considering selling up now and buying back at a cheaper price and there is always someone who warns about the availability of silver at either the top or the bottom. I can see there being less private silver available, I am not going to sell any of mine at a loss. At high prices people offload the family silver and grandpa's coin collection but at lower prices you wouldn't even bother carrying it all down to the recyclers. Dealers will still be making their money on the margins though, they will still be buying and selling as they can't afford to just close up shop and wait for spot to rise.
Ha...that's a joke. It would take basically a paradigm shift for that to happen. I'm not sweating it at all...there will always be silver to buy because there's so much surplus of it. That said, premiums could be pushed up notably if spot drops significantly. .
I have never an explanation as to why people would want the silver so badly that it would be unobtainable. Isn't it amazing that the people promoting this scenario either sell pms or profit by selling advice on pms? Even at the price zeniths in 1980 & 2011, silver was plentiful, yet magically, it won't be available at a bottom when pessimism is the greatest and the fewest people want silver. Maybe SS thinks he will own it all at that point. :lol: Edit ML, despite what Mike Baloney claims, premiums did not spike during the 2008 price drop in silver. Premiums did increase some, but nothing close to the ridiculous amounts Baloney claims. I lost any respect I had for him after I heard that claim.
Baloney is in the business of selling a story to fear people into buying the products he makes money (fiat) from. And the worst is that he tries to make it look like his company is an educational company! No respect for this d!ck from me either!
