What's the future of silver look like to you?

Discussion in 'Silver' started by Coins A-Z, Nov 23, 2017.

  1. openeyes

    openeyes Well-Known Member Silver Stacker

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    I started buying silver and gold as a small trading sideline many years ago. Mostly as a hobby. Most other hobbies are a 100% loss apart from the enjoyment you get from it.

    Buy PM’s doesn’t lose 100% and at least for me I get a lot of enjoyment from my smallish pastime.

    Meanwhile all the drama in the world that concerns me is counter but the usual rise in the value of my smallish pastime. For me a good countermeasure.

    Today being a case in point with a warring Arab friends pushing the price up by 1.8% as I write this.
     
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  2. openeyes

    openeyes Well-Known Member Silver Stacker

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    upload_2019-9-16_11-35-23.png

    Someone decided silver was a good buy at ~21.00 NYT. I certainly prefer this direction on the gold/silver ratio. Way better than Friday.
     
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  3. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    Exactly which us wht it is no longer real money like I said earlier anyone that can remember using gold or silver being used as real money is dead or very close to it
     
  4. Gonzo

    Gonzo Active Member

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    So my dilemma.... I have a sizeable stack and a little spare cash on the side. The dude that got me into silver has offered me 20kg at spot.... spot price today is roughly when I listened to him and started buying before averaging down vis this forum over the last few years. Do I buy now or wait?
     
  5. Gonzo

    Gonzo Active Member

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    To clarify, they’ll be mint ABC bullion bars... I guess it all comes down to silver price expectations short and long term?
     
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  6. alor

    alor Well-Known Member Silver Stacker

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    if you already have plenty of kilos, the better way to average down is go up the size, 100 oz or even the 5kg 10kg etc bars
    provided that the price is lower than spot
     
  7. JOHNLGALT

    JOHNLGALT Well-Known Member

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    "Do I buy now or wait?"

    It depends, do you need someone to blame if it goes bad on you?
     
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  8. openeyes

    openeyes Well-Known Member Silver Stacker

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    Indeed which way will the price go. If you don’t have much time and you don’t want to think about it then buying 20kg at spot is no so bad. If this is a small addition then not much of an issue especially if you are keeping this long term.
    If on the other hand you are doubling your stack and have shorter term objectives then I would wait until a clear direction in price movement has been re-established.
     
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  9. alor

    alor Well-Known Member Silver Stacker

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    a little spare cash on the side
    silver can wait, you have plenty already collecting dust
    once you have more cash, you can buy anyway
    when price is falling fast, its better to wait
     
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  10. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    So silver spot is circa AUD840.00 and ABC are selling 1kg bars for AUD880.00...(assuming they are 1kg bars), that's AUD800.00 cheaper than retail...nearly one free bar.

    A spot deal is a good deal imo (under spot better of course). What does buying them do to your portfolio average oz cost???
     
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  11. Gonzo

    Gonzo Active Member

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    Thanks for all responses. All blame and all glory go to me alone. It will be marginally deleterious to my overall buy in and I have to confess to enjoying watching my average buy in decrease since my initial significant buy in. But I guess one has to appreciate that sometimes buy cost goes up as well, the question is am I happy w my stack and where are future prices going from here? And I guess I always wish for a bigger stack but my thought on prices are they could go back to a bit lower but could go a lot higher (and maybe more probably just sideways for a lot longer)... is everything we’re seeing the beginning of the end (of this monetary system) or are we years away from any move back to a gold / silver backed currency?
     
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  12. alor

    alor Well-Known Member Silver Stacker

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  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    You know they had the same offer of 5 oz bars in Mid-Feb for about $112 a bar. I bought some and the price collapsed until it was cheaper to buy even without the promo. So what you say might actually be correct.
     
  14. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Interesting chart showing how much copper has gone into the China property bubble. Before the construction bubble, China's consumption of copper of 10% of the world's, rising to 50% by 2018.

    Some of it went into exports, but I can't see how the world has consumed much more copper since 2000 to give rise to that kind of copper demand boom. Most of it has gone into the China construction bubble.

    Just an indication what happens to copper demand and the corresponding "free" byproduct silver supply when that bubble pops.

    You don't need to listen to a hundred hours of silver pumper videos to know what is to come. Just spend 1 minute to read this article, and it's clear that massive amount of silver is dumped into the market because of the China construction bubble.

    This kind of bubble, a phenomena by itself, is a once in 40-50 year event, when it pops, that supply of silver isn't coming back.

    https://www.cnbc.com/2019/09/25/chi...ts-commodities-appetite-is-still-growing.html

    [​IMG]
     
    Last edited: Sep 25, 2019
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  15. openeyes

    openeyes Well-Known Member Silver Stacker

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    That information and thinking could encourage one to rush out and buy more silver. A lot lot more.
     
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  16. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Yes but only in the long run, you don’t know when the construction bubble will pop. It has been in a bubble state for nearly 10 years but still going. In the meantime, silver is manipulated.

    Just an interested thought came to me, long silver to short the china property bubble?
     
  17. openeyes

    openeyes Well-Known Member Silver Stacker

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    Good thinking imho. I do feel we have a few more years for this to run and also the shortage of silver will take a year or two at least to show up.

    But in terms of a build to a substantial position - it take quite some time to buy thousands of kg’s of silver at a low margin.
     
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  18. openeyes

    openeyes Well-Known Member Silver Stacker

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    Any one tonne stackers out there? Would love to have a tonne.
     
  19. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    2008->2011 is about 2 years. Also, I won't discount a 2008 style dump. The trick is not to panick and sell off when that happens which was what I did when I held silver paper at that time. Yes, history may not repeat but I'll not make the same mistake, hopefully!
     
    Last edited: Sep 25, 2019
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  20. alor

    alor Well-Known Member Silver Stacker

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    not sure we have a $5,000 of 50c 1966 people here anymore
    there used to be a few people wanting them so much
    may be they run over to the gold side, be it silver stacker/forum there are just plenty of gold people around
     
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