Good time to buy Silver?

Discussion in 'Silver' started by Goldmiester, Jan 6, 2021.

  1. Mill3d

    Mill3d Active Member

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    As always, sell high folks!
     
  2. alor

    alor Well-Known Member Silver Stacker

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    good, take manure only
    call the tax office, when they want their cut deliver
    [​IMG]
     
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  3. Mill3d

    Mill3d Active Member

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    Back to the OP...is this a good time to buy silver?

    The best time to buy is when the price is low

    Is the price low now then?

    Arguably it is quite low but not all time low. It is now clear by repeated examples that the best time to buy it is when there is high emotion governing price action south. This was the case in the height of it in March. Everyone here that night saw the price plunge. There were some truly excellent bargains to be had in the USA, if you pulled the trigger (about $11 USD for ASEs) . In Australia you could buy around 23 dollars per coin from ABC bullion if you wanted. At that point, there was plenty of stock to gorge on.

    A couple of things that may be relevant..

    Shenanigans aside, the “new” US administration intends to confect a couple of trillion USD out of thin air and spend it on whatever its lobbyists desire.

    This should have an inflationary effect on commodities in general. But given that moneyed people in the USA and China are buying arable land now, logically soft commodities stand to gain in price and thus agricultural land. If you don’t have any, maybe it is time to think about it.

    The second issue is the “green” boondoggle so favoured by the top for decades now, at least since Gore was given a Nobel, but likely decades before. Literally taxing carbon-12 and by proxy the air you breathe.

    Biden can be regarded as a bought and paid for president, apparently receiving the most votes ever in the history of the USA on a campaign run from his basement. I guess he was just too popular so out of compassion cancelled his inauguration, thinking about like people crushed in the ecstatic crowds that would throng his every movement like Adolf Hitler at the Nuremberg rallies.

    Given “Biden” intends to spend up big time on so-called green tech, in a perverse way hard money advocates may see the POS rise for this reason. Silver paste is something to watch specifically.
     
    Last edited: Jan 17, 2021
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  4. Mill3d

    Mill3d Active Member

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    In the right circumstances silver will be like toilet paper was in March 2020
     
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  5. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    March 2020? I managed to place a 2 kilo order on the Sat before the big plunge. On the Monday I was back home only in evening and my dealer website hung the entire night so I gave up and bought stocks instead.
     
  6. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    If they use it to mine bitcoin, it will not take 5 years, maybe next year QC will be mining bitcoin.
     
  7. heartastack

    heartastack Well-Known Member Silver Stacker

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    Thant would be interesting

    It is being discussed though:
     
  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I saw it mentioned on some article and it talked about the problems that will happen if QC pushes the bitcoin block to 1000. Does the problem from QC also applies to other cryptos such as etherum, tether and ripper? Haven’t really found an objective report on QC and crypto, most are really just propaganda.
     
  9. nicotineandcaffeine

    nicotineandcaffeine Active Member

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    Send your BTC to quantum resistant address and hard fork. Fixed.

    Greater threats from exchanges ripping you off and that sort of thing.
     
  10. heartastack

    heartastack Well-Known Member Silver Stacker

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    sounds like you didn’t listen. There are plenty of lost keys that will be cracked. Maybe a few mill btc. Still a far-off event by the sound of it but inevitable
     
  11. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Just watched it briefly, very humorous. "I lost a small number of bitcoins". :D

    But no mention of what happens when QC is used to mine for bitcoins?

     
  12. nicotineandcaffeine

    nicotineandcaffeine Active Member

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    I wrote hard, not soft fork, didn't I?
     
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  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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  14. ppier

    ppier Member Silver Stacker

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  15. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    I've said it before:

    The best time to plant a tree was 20 years ago,
    the second best time is today!
     
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  16. STKR

    STKR Well-Known Member Silver Stacker

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  17. SilverHaas

    SilverHaas Member

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  18. heartastack

    heartastack Well-Known Member Silver Stacker

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    dollars, adze67 and mmm....shiney! like this.
  19. SilverHaas

    SilverHaas Member

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    Yeah I am spamming. Its not pumping, its getting the biggest expert in silver into the biggest podcast in the planet. We need to get as many normal people on the boat as we can. This will get very ugly for whoever doesn't have any investment in metals
     
  20. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    One post in 1 thread would be enough.
     
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