At what price are you selling?

Discussion in 'Silver' started by SilverDJ, Aug 5, 2020.

?

At what price will you start selling? (AUD)

  1. NOW

    8 vote(s)
    8.0%
  2. $38

    1 vote(s)
    1.0%
  3. $40

    5 vote(s)
    5.0%
  4. $42

    3 vote(s)
    3.0%
  5. $44

    3 vote(s)
    3.0%
  6. $46

    2 vote(s)
    2.0%
  7. $48

    3 vote(s)
    3.0%
  8. $50

    15 vote(s)
    15.0%
  9. Way over $50

    55 vote(s)
    55.0%
  10. NEVER

    5 vote(s)
    5.0%
  1. OneDay

    OneDay Active Member Silver Stacker

    Joined:
    Sep 18, 2013
    Messages:
    289
    Likes Received:
    123
    Trophy Points:
    43
    Location:
    Australia
    But aren't there more dollars floating around and more inflation? If the chairs were dollars shouldn't there be more chairs?
     
  2. Pirocco

    Pirocco Well-Known Member

    Joined:
    May 24, 2011
    Messages:
    4,962
    Likes Received:
    149
    Trophy Points:
    63
    Location:
    EUSSR
    Some people earlier this year did sell at $12. Poor suchas. Crap government.
     
  3. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    9,616
    Likes Received:
    2,391
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    the same trick was played at $8.50, but it was harder to get silver, since was less prepared, but the last $12, I was waiting in front before the $13 drop... then the premium spike, almost got kick out, even when prepared. their dirty trick !!!
     
  4. Pirocco

    Pirocco Well-Known Member

    Joined:
    May 24, 2011
    Messages:
    4,962
    Likes Received:
    149
    Trophy Points:
    63
    Location:
    EUSSR
    No there aren't more dollars "floating" around. I said QE was a scam, remember? QE was creation of dollars but central banks paid their member banks an intrest rate > market rate to make them let the dollars stay as excess reserves in the inflation-sterile environment of central bank deposit facilities.
    The inflationary part was thus just that low intrest rate, not the entirety of the monetary balance, as was falsely suggested.
    The real dollar creation > spending just stayed the target rate that central banks had.
    Why the scam: to make speculators fear for huge inflation, and thus willing to pay higher prices.
    After some frontrun ins and outs, existing dollars get lost, and the new dollars replace instead of add to the total.
    That's also what you see on the balances at Fed and ECB: a series of creation trends each followed by a destruction.
     
  5. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

    Joined:
    Jul 21, 2015
    Messages:
    2,446
    Likes Received:
    551
    Trophy Points:
    113
    Location:
    New South Wales
    Its not about the price, but the conditions. When I think the fiat currency debasement is "over". That could be a default, a haircut, a return to "sound money" policies or some kind of currency replacement. There could be a long way to go yet, or it might be next year :)
     
    Stoic Phoenix likes this.
  6. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    9,616
    Likes Received:
    2,391
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    from social medias, can see people with ton of cash like pile of bricks in their pictures, lots of them
    the stolen trillions are everywhere in cash, hidden somewhere
     
  7. Pirocco

    Pirocco Well-Known Member

    Joined:
    May 24, 2011
    Messages:
    4,962
    Likes Received:
    149
    Trophy Points:
    63
    Location:
    EUSSR
    Well no, they just "vaporize" some existing money (already did) to then proceed with their usual order of the day.
     
  8. Pirocco

    Pirocco Well-Known Member

    Joined:
    May 24, 2011
    Messages:
    4,962
    Likes Received:
    149
    Trophy Points:
    63
    Location:
    EUSSR
    According to dollar and euro notes and coins productions, it doesn't look like a ton. But it's awhile ago I checked, so I'll recheck. What I know is that IF it would be really substantial, governments already would have blocked it.
     
  9. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

    Joined:
    Jul 21, 2015
    Messages:
    2,446
    Likes Received:
    551
    Trophy Points:
    113
    Location:
    New South Wales
    Can you explain what you mean by this? It sounds like some kind of default, or credit contraction - which I have not seen in recent times.
     
    Stoic Phoenix likes this.
  10. Pirocco

    Pirocco Well-Known Member

    Joined:
    May 24, 2011
    Messages:
    4,962
    Likes Received:
    149
    Trophy Points:
    63
    Location:
    EUSSR
    It's much simpler: "vaporize" - saw the quotes around the word?
    Of course it didn't vaporize, that's a word regime propaganda media use in order to hide that other people used depositors money to buy a castle-house, a second bathroom, solar panels, an impressive garden and a vacation to hawaii with it.
    In other words: depositors dollars (or whatever speculated upon) got spent on what depositors produced to earn the dollars, but stayed registered as ownership of the depositors, until the "vaporize" phase, that wipes out that registration too. Done. Next.
    Creation. Destruction.
    Expansion. Contraction.
    It happens all the time.
    I explained it partly when referening to QE.
    They have two ways to control inflation.
    One is along intrest rates, and accept consequences for the money supply. This happens outside crises.
    One is along money supply, and accept consequences for the intrest rates. This happens inside crises.
    Why the difference: the first is coupled to automatical adjustments (wages, indexes,...). So they cannot sponsor a limited selection. The second is an inbetween friends operation. :)
     
  11. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

    Joined:
    Mar 16, 2019
    Messages:
    1,938
    Likes Received:
    1,412
    Trophy Points:
    113
    Another point to make. Even in an honest money environment recessions are natural corrections.
    What we are dealing with now is a man made bubble not like a real recession.

    The fed and our leaders have caused all of this.
     
    Oddjob likes this.
  12. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    9,616
    Likes Received:
    2,391
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    terminate all of them :)
     
  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    2,683
    Likes Received:
    1,503
    Trophy Points:
    113
    Location:
    Singapore
    Now might be a good time to cash out. I was thinking of selling my SLV on Friday. Hope for a pullback as I haven't reached my target stack for platinum. As for silver, depending on the price...
     
  14. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    9,616
    Likes Received:
    2,391
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    Platinum coins/bars prices are just too much, now 1500+ lowest was no where near $700/800 when spot was 600
    when Palladium hit 3k, I can cash out a bit, to re-balance my hedge
    as for silver, as usual 10 oz per month, annually 1 hundred ozs bar could be few more years on pull backs, do it slowly when silver is just too fast to catch
     
  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    2,683
    Likes Received:
    1,503
    Trophy Points:
    113
    Location:
    Singapore
    My last pt bought on 13th March for $850, just before the plunge. I remembered even when platinum was $600+, 1 oz bars were going for just below $800, the premium was like 30%. The correct way at that time would be to buy PPLT.
     
  16. Pirocco

    Pirocco Well-Known Member

    Joined:
    May 24, 2011
    Messages:
    4,962
    Likes Received:
    149
    Trophy Points:
    63
    Location:
    EUSSR
    If you mean recessions caused by forces beyond human power, right.
    For ex, a long dry period that makes harvests deliver nothing.
    But that's no "correction". The word correction implies a targeted value.
    Nature doesn't target, only central planners do.
     
  17. Richard Ecker

    Richard Ecker New Member

    Joined:
    Aug 7, 2020
    Messages:
    4
    Likes Received:
    8
    Trophy Points:
    3
    Location:
    Michigan
    Once you are that old you are having health problems. You might have a lot of cash, but health expenses are taking it all away fast.
    I just bought a double eagle today with extra cash that is not earning me a penny interest. The investment is a crap shoot, but I can always sell the gold.
     
    Holdfast likes this.
  18. Holdfast

    Holdfast Well-Known Member Silver Stacker

    Joined:
    Oct 15, 2009
    Messages:
    9,813
    Likes Received:
    1,099
    Trophy Points:
    113
    Location:
    Australia
    Richard, why did you select the Double Eagle?
     
  19. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

    Joined:
    Mar 16, 2019
    Messages:
    1,938
    Likes Received:
    1,412
    Trophy Points:
    113
    Nice a Double Eagle is classy. I love the old us gold.

    Why gold and not silver?
     
  20. Richard Ecker

    Richard Ecker New Member

    Joined:
    Aug 7, 2020
    Messages:
    4
    Likes Received:
    8
    Trophy Points:
    3
    Location:
    Michigan
    Attention seems to be on silver now so I figured to sneak in to more gold while backs were turned. gold does not take up the space of silver in the safe deposit box. I recently had to buy another SD box to hold it all. This last Liberty head is only MS61 so the price was lower.
    I made a mistake on my earlier post about the 5 ounces (gift box) of silver I got for $99. It also contained an ASE so there were 6 ounces for $99. Did anyone else buy into the deal with Westminster Mint? Westminster had this deal for two years running and I bought both times. The only problem was fighting off their salesmen who won't take no for an answer. Telephone jousting is fun. I have the time. I'm retired.
     
    Holdfast likes this.

Share This Page