It's always the same that causes the price fluctuations: some buy in the hype, some sell in the panic, and others take advantage of both.
Hi all, $29--- US I guess we are talking? Personally I wouldn't concern myself so much with price. What one should be aware of is future supply. If the price is below what you paid so far, so what? Hold. However, if indeed the poo does hit the fan, and I think it will - then price will be irrelevant - you won't be able to acquire physical for love nor money. If we have bank runs and hard commodity demand on mass - you just won't be able to buy - no matter what. This will put a holder in an advantageous and dangerous position - but a wise monkey will survive and do well. Remember ATM - whatever the price, you are dealing with a commodity that is in limited supply and that there is little 'investment' in - ditto gold. If supply stays similar and demand picks up, even a flys fart then all hell could break loose. Will you care then if you are holding and bought at $35 or $26? ATM we are only fiddling at the edges. If you were in Cyprus right now - could you care less if your silver cost you 10 euro or 20 euro? Capital controls in - also in France and probably Spain and Italy soon and god knows where else. Honestly - thinking about the difference between a price of over $29 or under is the thinking of luxury. Serious thought should be in how much gold and how much silver and where to hide it and how to keep the purchases secret. Time for luxury looks very much like it is past. Have a great night Gazza.
