5 years in Silver

Discussion in 'Silver' started by SliderC, Aug 28, 2019.

  1. SliderC

    SliderC Member

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    To the moon, or business as usual...
    upload_2019-8-28_10-16-20.png
     
  2. boneyard

    boneyard Well-Known Member Silver Stacker

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    Do not forget the US AUS exchange rate??
    [​IMG]
     
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  3. SilverDJ

    SilverDJ Well-Known Member

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    It's a good rise in USD, but nothing exceptional, the rise in 2016 was more rapid and slightly higher.

    upload_2019-8-28_10-43-22.png
     
  4. SilverDJ

    SilverDJ Well-Known Member

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    The big question is can it get back to the 10 year highs? It has a long way to go...

    upload_2019-8-28_10-45-47.png
     
  5. SliderC

    SliderC Member

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    Business as usual.
    upload_2019-11-19_9-57-57.png
     
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  6. Slimey

    Slimey Active Member

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    Investing in silver and Guantanamo Bay........they are both designed to break you down.
     
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  7. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    I'll happily keep stacking at these artificially low prices thanks. 6 years for me. I think I am doing the right thing when I look to all the central banks around the world stacking as much PMs as they can get. Who knows how long these prices will stay where they are.
     
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  8. wones

    wones Member

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    Just started stacking so hopefully business as usual... want to stack as much as possible atm
     
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  9. Slimey

    Slimey Active Member

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    It’s a good time to start. Beginners enthusiasm takes quite a while to wear off so you might be one of the lucky ones who, over the next 10 years, invests, waits and sells for a tidy profit and wonders what all the fuss is about. You will miss the “ I have made a horrendous mistake investing in this shiny stuff” phase as you watch every other investment known to man appreciate while yours goes ......... backwards.
     
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  10. Gonzo

    Gonzo Active Member

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    Surely we're approaching an end game soon... but yes it could be years away. My prediction... (I'm sure this will come back to haunt me)... is within the second term of Trump (so I guess it's a bonus prediction of Trump wins next election) and I'll make a third prediction that he win's yugely.
     
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  11. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    A long time is my guess these low prices will out live you

    Should have invested in housing or stocks over that 6 years
     
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  12. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    I have invested in housing and stocks as well as silver. A portfolio should consist of PMs too for insurance if a shtf happens. I'm happy with my stack even if shtf don't happen but my bet is it will happen sooner rather then later. All this massive worldwide debt is not going away and is only getting worse. The only thing that is propping up world economies is low interest rates and money printing. It can't go on like this for too much longer. And any number of things can bring the whole thing down with a sudden big crash. I'd rather be invested in PMs 6 years too early, then one day too late coz when the coming big crash happens and people flock to safety of PMs who knows what price they will be or if one can get any.
     
  13. JulieW

    JulieW Well-Known Member Silver Stacker

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    A friend's hubby is a big nob in one of the big banks. Lunch this last week and she asked, on his behalf, what's his best option to get into gold.

    Interesting sign of the times I thought.
     
  14. alor

    alor Well-Known Member Silver Stacker

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    if gold is a tier ONE capital, why is there a limit for retirement fund to be investing in it, or why limit the allocation to a tier ONE capital ??
     
  15. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    As I keep saying in a true SHTF scenario I don't think your lumps of metal will be of much use
     
  16. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    There are various types of a SHTF scenario. I'm referring to a financial one.
     
  17. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    In a true financial SHTF scenario(outside of a hyperflationary event) all assets classes including gold and silver will drop cash will be king
     
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  18. SilverDJ

    SilverDJ Well-Known Member

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    Yes. When you have 99.99% of the population using cash, in a crisis do you really think those people are going to suddenly understand and accept gold and silver as payment?
    It's not going to happen.
    More people have and can use crypto than have gold and silver.
     
  19. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    No hence why I said cash will be king
     
  20. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    We are heading towards hyperinflation.
     

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