This time its different. Silver to $40+

Discussion in 'Silver' started by President Trump, Jun 23, 2020.

  1. Tokyo

    Tokyo Active Member

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    Clap
     
  2. Joe King 79

    Joe King 79 New Member

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    Wowawewa, interesting thread.

    I wonder about JPM as well, it was talked about briefly a few pages back with someone saying JPM is quiet on silver. I had a thought the other night, I will play devils advocate for a second if you will. JPM has potentially > 130 million ounces of silver with Butler suggesting up to 675 million ounces, what if they just flood the market when the price goes high. Won't this bring supply/demand right back down? I mean they could do this for a long time?

    https://news.goldcore.com/ie/gold-blog/silver-prices-physical-silver/
     
  3. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Let's suppose 300 million ounces and they dump it at us$30 per ounce for $9 billion dollars. That's nothing. But I don't think they will even sell real silver, they could always sell paper and buy back even more physical after the price has collapsed. This game has been played over and over again for the last couple of years.

    Silver as a strategic metal is way more valuable than the paper price indicates. The wealthy people know it, but they will still try to buy it as cheaply as possible.
     
    Last edited: Sep 26, 2020
  4. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Dumping paper would affect spot, not physical.
     
  5. Pirocco

    Pirocco Well-Known Member

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    The net price effect of "paper silver" buy/sell orders is the same as the one of real silver buy/sell orders: zero.
    Spot price is the net result of both effects.
    What's the why of "paper silver" orders: to increase the price of already owned silver, and to decrease the price of silver intended ownership.
     
  6. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Investing in PM is like going to church and praying that Jesus descends down and take you away to heaven.... ie Basically hoping for high prices when you DO have to sell is not investing.

    If PM is the only thing you like to invest in, you have to buy low and sell high and buy low and sell hign and buy low and sell high and keep the trades going.

    Trading doesnt mean buying in the morning and selling in the afternoon, it could be weeks or months apart.

    Who seriously thinks that after Covid silver prices will go up to moon and stay there for 5, 10, 20, or 30 years until you need the money
     
    Last edited: Sep 29, 2020
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  7. willrocks

    willrocks Well-Known Member Silver Stacker

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    Are you talking about before the global financial crash or after?
     
  8. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    After any crash, depression or recession..... some people think there is "all" defining crash there isn'.... All crash follows a recovery.

    All market crash is just a cycle and it starts again...

    Any global crash will be followed by global recovery


    Ps: Has many prominent SS members have died since the last time silver was highest since 1980
     
    Last edited: Sep 29, 2020
  9. Mill3d

    Mill3d Member

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    God silver is boring at the moment
     
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  10. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    I can't recall a time when it hasn't been.
     
  11. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Stocks are for making dollars.
    Metals are somewhere to put those dollars.

    The only metals ive sold is the paper stuff that I can trade from home haha. It's meaningless to me and not meant to hodl, unlike the REAL stuff.
     
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  12. alor

    alor Well-Known Member Silver Stacker

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    its a holiday week in China + many countries holiday in between
    Pomelo festive weeks
     
  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    It hasn't fallen to $19, maybe the correction is over. What are you thoughts? :)
     
  14. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    My thoughts are to buy as much as humanly possible while its cheap.
    A few bucks either way or even 5 bucks, I dont care.
     
  15. Tokyo

    Tokyo Active Member

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    Did you look at my chart ? Blue or purple count , let market play out and we know things doesn’t happen overnight. Patient
     
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  16. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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  17. Millennial Engineer

    Millennial Engineer Member

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    Would have been good to see Silver finish off at above $34.5 AUD this weekend or even $35 if it had kept its momentum.

    But yeah Volatility is making the price go all over the place, and at least it finished above $34.
    Im seeing Lower Lows and Higher Highs since its price had been smacked down to $32 from $37 AUD.
     

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