No one can say for certain how low, but the point you make is exactly the point that Barsenault, myself and others have been making here in the SS forum....which is that permabulls who know better because they've been around long enough actually harm other stackers (mainly the newbies who don't yet know better to stay very far away from permabull idiotic rantings of 'silver to da moon tomorrow') with their rhetoric. So absolutely it's better to buy silver when you can get twice as much for the same money....that's just smart....nothing more nothing less. .
That depends on all of us. I bought when it was USD $17.2. And seen over the longer term, we'll end up having sold it all again because we don't eat / consume it, we just stockpiled it as an inbetween step to what we really wanted. So on this longer term, every price trend we caused, is bound to be undone 100%. Both up, and down. The guys before us (everyone and government included) sold their stocks over decades, holding the price flat with it. Economical progress that allowed higher production at same cost helped that flat alot. Since 5 years we're net stockpiling again. At least for what data sources are worth, since there seems to be quite some post-editing, and quite some remarkable coincidences that shifted me abit towards the data-is-bogus believing side. Just abit though. Not enough to question the whole picture as to expect some "breakout", like some do. So if you and enough others (including producers) want to sell me coins at $12 next year, $12 it will be. It's like it's forgotten, but a price goes where people drive it to, and we are among them. What makes people willing to pay more? Back in 2011, I was willing to pay 28 euro per ounce. Now I'm willing to pay above 16 euro per ounce. Why? Because the bank account risk I saw then as bigger than silver, which so far(important) turned out to be overestimating. When will people be willing to pay again more? Simple: risks elsewhere becoming bigger than silvers. And then we'll have another cycle, and alot of those that sold sit now on paper promises ready for a rinse and repeat. Waiting for others to not buy / sell the price lower. Goal = another frontrun. Woosh X * 70 Moz bought in a short time, hedge equally increased, expecting the selling suckers to start buying back in higher. Happens in alot markets but the silver market seems to contain a notorious big chunk of 'm lol.
Last time I received 50% more kilocoins than in 2011 start may when I bought my first, and some big crap dealer that had bloated kilocoin prices back then, and me not aware of better options. 2011 is a bad reference though, since being a peak average $35 year. I learnt, and that's why I recently bought more. Nearly all (if not all?) permabulls I've seen turned out as dealers, that make their profit based on an 'extra' above spot price + mint premium. All they care is people buying silver and their 'extra'. Whether the spot price is $1 or $100 they don't care. The other misleaders I've seen play the bull/bear game. They aren't 'perma'. You surely get the picture.
As you know I scrap metals . Most are down a bit , My income is a small tiny reality to what is going on with the economy but I can buy one ounce of silver with more cash in hand then 4 years ago . So my personal finical situation is better then 4 years ago ?? . Now if silver keeps going low and events occur that I find buying some silver even low is a worry since I need pay bills and such then it might show how long term prices of gold or silver are in line with what cash we have to spend.
Economy is much like the weather, alot agents, alot influences, a smaller change at an input being able to cause a much bigger change at an output. If events occur in such a situation, they are very likely to influence several things, sometimes even in a daisy chain fashion. So those events that inflict you nothing left after bills and such, may have also driven up prices of things you bought as money (here silver), and this way compensate (in a degree). A financial situation based on speculative products, is often a snapshot in time. 6 years ago alot dumped stocks and the financial snapshot was very worse. 6 years later few dumped stocks and the financial snapshot is very rosy. Now imagine that someone just ignores those events 6 years ago and now. What will be his average financial snapshot have been over this time frame? It happens that people act when they shouldn't. Materializing their losses without need. Ones personal financial situation is only measured upon trading / materializing. Only futures contracts are an exception on this. Aside of this, having some reserve and/or some good judgement/foreseeing, also helps to avoid being forced to materialize eventual losses. For ex, I give stocks of whatever that I'll need to buy in a future anyway, priority above silver. Why an inbetween step with an attached risk, if you can buy already now instead of later? Of course, this is limited to not perishable products so something like silver stays handy. IF you succeed in not paying bloated prices. In 2011 I was a noob. It's a little better now. People have to do something to make their situation better. That's what (should) drive(s) economy and living-together. I know a bullion dealer (more specialties than bullion) since 2011. The price / market trend made that harder, and he became a truck driver instead. Yet, he still orders silver upon demand (long delivery times and little communication due to lack of time though), and this now second job is still useful due to the specialisation similar to group buying and a trusted person in a remote country where the coins are produced. Just to illustrate: in some degree, we have things in our hand.
How about this - war is looming . Conveniently a hick up is lowering prices for the people in the know that invest multi thousands . A drop of other metals also . War commences with a strong rebound on the comities market particular benefit for those who bought massive amt's low.
Stacking is about accumulating. Well done that you bought one at $42, and two at $36. You now have 3oz of silver. Some people may argue that had you waited, you may have 4oz of silver. Only you know if had you kept that $42, would you still have it today to purchase an additional 2oz of silver. If the later, logic would dictate that there is no silver stacker community because up to now, and maybe a few weeks down the road, not one of us have ever made a purchase as we have kept our wealth in fiat waiting for this one moment. Spoiler alert - Cypriots excluded. I'd like to put it out there, that talk about permabulls and permabears is permastupid. People make decisions based on the best information and available funds at the time. There is no right or wrong choice, simply a choice to buy silver. By trying to make someone wrong does not make a person right. Save all of your todays for tomorrow, one day you will wake up with no yesterdays!
Not to mention the many kooks I purchased from APMEX over a year and half ago, would have been long gone. This is when they did the remints. They had an abundance of quanities in all years, and very low prices relatively speaking to spot back then. I cashed out of all my eagles and misc govt issued coins and blobs, and rolled it all into these kooks, and I'm glad I did. I was able to stack 100's of years that I love for posterity. So, the argument of, 'Bob, if you had waited you could have double the amount of silver, ' doesn't hold weight for the strategy I deployed.' I would have missed out on stacks and stacks of PM rolls of kooks from 1992 on. I don't own a single ounce of 'generic govt issued coin,' and it has save me from a lot of heartache. Eagles are all my bro bought from 40's on down, and he's feeling a bit discouraged. I tried to knock some sense into him back then, to no avail.
See a bargain, buy the bargain. Keep a cash reserve. Call it dollar averaging if you wish. Where's the bottom? No-one has a clue. I used to purchase kilos, now I'm more interested in numis close to spot, because the numi value can be depressed with the silver drop (and hopefully will unfold on the way up). There is a lot of unpopular stuff out there that is still well made (however, unpopular stuff that is just crap is to be avoided). Amazingly (and I am truly amazed) occasional bargains pop up on feeBay.
With all due respect, I think you are mixing apples and toilet seats. The vast majority of permabulls that I have run across promote the buying of blobs, and denounce the buying of pretty, high(er) premium semi-numis. Buying a 1 oz blob for $17 vs a semi-numi for $38...is a different strategy in my view. Therefore, when I criticize permabulls, I am criticizing those who promote buying blobs based on the rhetoric that silver will shoot past da moon tomorrow. I actually think buying certain semi-numis during a period when I am convinced the spot price has not bottomed is a smart idea for stackers like me. I am confident that Barsenault has made the right decision to go for semi-numis instead of blobs or ASE's over the past 18 months or more. Years down the road, he will have no problem selling those semi-numis making himself a nice profit. My confirmation of this is looking at Australia Lunar 1 silver coins being regularly sold on venues like eBay. Try selling an APMEX 1 oz blob on eBay for $60, $80, or $100. . .
... soon to be a major Hollywood film based on a novel by Phillip K. Dick. Tom Cruise plays SammySilver, a stacker who wakes up in a hotel bed with no memory of his past, no cash and no identification. All he has is a single Australian 1966 50 cent coin etched with a mysterious inscription; in argento veritas ... "Today is your special day, even if today might be tomorrow to an Australian. And even though you're not Australian, it doesn't negate the fact that today may or may not be tomorrow." Jarod Kintz, American Association for the Advancement of Aardvarks Presents: Dear Natalie
It's like buying groceries. If it's something you normally buy, when it's half price you buy twice as much I'm not buying Ag at the moment but Coles has half price Lindt so stacking that instead
My lucky 50 cent piece in my back pocket has a serial number, 1966. I'd trace it back and find out who sold it to whom. I'm not stupid mate!
That particular $42 would of been spent on wrestling toys - sarcastic . I think we all know silver might not be the best form of saving But for me it seems I am inspired to push on I see wile some others have more then me , I wonder why they just don't save a little silver and add it to what they have
no chocolate stacking here ok wish I didn't see that at least you got the healthy stuff but I think eating all that in one sitting may dissolve the benefits of dark chocolate
I see your also stacking many other chocolates to the side of that stack :| Depression eating because of the silver prices? Low silver prices are the 374th biggest cause of obesity in australia today. I broke the cycle, and you can to house
Was not having a go at you, but the hangers-on who are wise after the fact. Like you, I stack, usually at the best possible price at the time. The consequence is that the stack grows. I bought some fifties at the Collectors Market on Sunday for $7.25 each. It's only now that I reflect that others would begrudge all earlier purchases because of this cheaper price. What a miserable lot they are!
