Warning to Noobs. Mind the Perpetual Hype.

Discussion in 'Silver' started by Load of Bullion, May 3, 2017.

  1. Gullintanni

    Gullintanni Well-Known Member

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    Markets open in a few hours and i think we heading to the $15's by the end of the day with Macron win
     
  2. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    Well I'll be going to GS in next couple of days to stock up on more silver. $15 silver is a buying opportunity in my books with financial doom on horizon.
     
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  3. ParanoidAndroid

    ParanoidAndroid Well-Known Member

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    The problem with horizons is that heading towards them doesn't get you any closer.
     
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  4. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    There is something there and it's heading our way and sooner or later it will be upon us.
     
  5. andrewlee10

    andrewlee10 Well-Known Member Silver Stacker

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    I am aiming gold at 11xx to buy in.
     
  6. pastey

    pastey Member

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  7. Gullintanni

    Gullintanni Well-Known Member

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    I shall edit this in the morning as i am sure i will need to add a -1% or -6%>>>>>>>>>>>:)
     
    Last edited by a moderator: Sep 12, 2021
  8. ninteno

    ninteno Member

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    No reason for the €/stocks up and PM down. France election was priced in already completly since friday close. It works like "buy the rumours sell the fact"
    It´s all only casino game and these games are basend on all other things than the facts.
    Next event is the FED rate hike in four weeks, so from now two weeks PM up and than down until rate hike decision. After that PM up again. All inversed to our "normal thinking"
    2018 will start with italy election, same game we have seen in france... until a unexpected swan will pop up, it will be black and will not be a simple coin fron the PerthMint.
     
  9. alor

    alor Well-Known Member Silver Stacker

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    I don't like it, not good readily seller for junk silver 10% below spot
    there is not much stock when price hit the rock :(
     
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  10. pastey

    pastey Member

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    PMs are a global commodity and it's spot price is relects global trends. Not local. Any show of confidence towards globalist idealogues would would IMO allude to stable PM prices. IMO the bet on LePen winning would destable PMs and cause them IMO to rise. However MY eyes are still on America. The problem is looking 5 to 10 years into the future. Not 6 months. At the moment there is massive confidence in global markets and socialist economics. (IMO)
     
  11. pastey

    pastey Member

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    A what sux for me is my hand is forced into selling. Everyone would prefer to sell when prices are up. But when they are down...but people need to stop thinking about turning a quick buck. Aint gunna happen.
     
  12. Gullintanni

    Gullintanni Well-Known Member

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    Some people worry that we will go back to the "normal" silver price which is generally a heap less than they paid for it so sell before losing more money.
    I do not want anyone to think i am anti PM's because i LOVE metals , but my view on them has changed so much in the last couple of years that i consider my earlier views idiotic, naive and wishful.
    Just like the OP that started this thread warns i bought into the hype, WHICH IS NOT TRUE.
    If the SHTF happened in the likes of USA , Aust or NZ then life on THE PLANET would have changed so much that metals will hold nothing for us .
    Keep stacking and keep selling and along the way you can acquire FREE metal.
     
  13. alor

    alor Well-Known Member Silver Stacker

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    another crack of down on silver. 16.125 so we can expect to see lower prices and not much metal to be on sale going around again
     
  14. andrewlee10

    andrewlee10 Well-Known Member Silver Stacker

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    How much you are gong to buy in Singapore? I find you the dealers to sell you
     
  15. alor

    alor Well-Known Member Silver Stacker

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  16. alor

    alor Well-Known Member Silver Stacker

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    yeah, this is not the stocks markets, when on SALE almost all people running for cover.

    when we have spot -10%, then -5% and spots, (on discount ie on sale) it does not even last.... second to buzz get you away with nothing :p
     
  17. alor

    alor Well-Known Member Silver Stacker

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    lower low for silver 16.110 usd
     
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  18. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    JPM Warns Banks Sell Off Or Disappear Federal Reserve Is Triggering Economic Collapse 2017

     
  19. Arch Stanton

    Arch Stanton Well-Known Member

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    90% of the fiat I spend on silver comes from our vintage car parts business. The profits pay the bills, but I accumulate
    scrap copper, aluminum, brass, and steel when I part out cars and from junk parts from large lots. The LCS is on the
    way home from the scrapyard. I just turn the junk metal into precious metal. I stack for the long term, and because my
    stack is financed by essentially "free money" I don't worry with trading in and out while trying to time the dips and peaks.
    Silver is cheap insurance, and I sleep better because of it.
     
  20. DSK

    DSK Active Member Silver Stacker

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    Main reasons why I stack:
    - To take my "money" out of the debt based pyramid scheme.
    In a way a silent protest, a type of invalid vote when you go to the polls.
    - A way of not spending as too easy just to swipe or wave you key card. I have to think, do I really need to spend and buy something?
    - Insurance.
    Share Market is not a level playing field.
    The banking system is white collar crime.
    Can Cyprus experiment happen here? Can there be a limit on taking cash out at the ATM?
    Can a bank bail in happen, where all depositors take a shave?
    - A hobby.
    - Investment. It's not just about making a capital gain, but wealth preservation.
    - Fundamentals.
    Not enough precious metals to go around.
    Most other assets are over valued, except PM's (in my opinion).

    Just a few reasons listed.

    But like anything to do with ones "money", a prudent approach is necessary, I.e am I buying the real deal? Is it a fake (not stated weight, not correct metal, ect) or a substitute (has stated metal, but an imitation).
     

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