There has been a noticeable amount of sales lately, much more than I can previously recall. And I can't help but wonder if there are more than a few with cold feet or some cashing out, in anticipation of a price decline over the next few weeks. The other side of the coin is that the sales are reasonably quick. Just an observation.
Individuals selling a couple of kg's of silver is nothing abnormal = could just be liquidating to pay some accounts... When individuals start selling 100's of kg's of metal in one go - THAT's when you should start paying attention....
Just a guess....but there are a number of SS'ers who brought when the prices were $15 - 20. Thats a good investment with the spot $43 - 45. If I had of brought silver just a few months earlier, I would be selling some to Silver. But alas, I need to wait a little more time to get my price....
Silver is speculative. You buy and sell as it goes up and down. Why risk a 100% gain you have made for a possible extra 20% when things look doubtful. Can't help but note that silverbugs are noiser when the price is going up than when it's coming down.
If we hit $42 in slow and steady rise instead of coming off a $45 spike I suspect there wouldn't be as many sellers.
I was in the Perth mint 2 hours ago and asked the cashier in the bullion room if they've been busy in the lady few weeks and the just lifted her eyes and said really busy...we waited about 15 mins in the queue. Seen one guy sell 3 x 1kg that he bought at $16 an Oz.
Because if you wait for a big pullback before buying back in then you could get locked out permanently, or buy back in at higher prices => you'll have less metal. savvy?
Some of the sales have been interesting. I have seen prices for Kg's at the same price that others were selling coins for, which questions whether the Kg's were overpriced, or the coins were underpriced. Either way, there appears to be a mini frenzy of what may happen when the price increases and the public is aware in phase 3.
Just because it is undervalued doesn't mean the ride to the top wont be a roller coaster ride of ups and downs. Savvy? This is fun, I might end every post with 'savvy?' from now on.
i only have sold some au/ag to pay some big bills,,....other then that have traded gold for cash and more silver...and i was one of the lucky ones who bought bulk of my silver under $15..even if there is a pull back would not bother me as have always thought of my stack as a savings vehicle.
Yes, but my original point still stands because the chances are that any pullbacks will be dwarfed by the upsurges. SAVVY??
Seems to be a lot of the larger stuff being moved right now (1KG, 100oz, 20oz etc) and some numis. Compared with last week when nobody wanted to sell anything hoping for a break over 50 USD
I made my first sales here on SS last week, nothing to do with the spot price tho but everything to do with a few nasty bills that arrived at the same time and needed paying. BadaBing Badabang problem solved.
It looks like I will be back in business much sooner than I thought. Been absolutely swamped with sellers today; running around town all day picking up stuff. Everyone was brave on Monday buying everything I had in stock. A two dollar dip and overnight the mood has changed and there's a lot of stackers hoping to take some profits off the table. Gold seems to be coming back into fashion. I have had no shortage of stackers wanting to convert their silver into gold.
