Most of the regular crew on SS do the majority of buying and selling. Alot of people here have been in the game for quite some time and know the volatility of silver well. We all check and compare online prices regularly( unlike ebay people) and we all expect a good bargin on SS. We want prices here lower than the online sellers. Im going somewhere with this bear with me (no i dont have an actual bear with me, i would be way to busy screaming). Not many will buy if silver rises to $35+. But there will be a hell of alot of sales. If silver shoots to $50+ again, none of us will be buyers and the sales thread will crash the site lol. Sales on ebay would be slower. moving more than 5oz at a time and fees wouldnt make it worth it. If it gets as high or higher than 50 and u feel that price wont last very long, how will u sell? Because i dont feel selling here will be possible. Bullion stores are good for large bars but not if u have rolls of lunars and semi numis that u wanted to sell slowly online and take higher premiums for.
I disagree. Buying will intensify above $35, and buyers will be scrambling for anything to take possession of above $50. This is normal crowd psychology of markets - you see it in the stock market, and silver is but just another market...
Sales volume was nuts on here in 2011. There were some ripoff premiums being asked too. Market paid them.
This is exactly right. For silver to move forward properly, buyers have to outnumber sellers. It is basic maths. If you are at the end of a parabolic blow off, then you will have trouble selling because there are no more buyers. I would like to think that the move back to $50 will not be parabolic like several years ago. If it is an orderly rise then it would not make sense to sell because you should wait for the parabola to form and then extract yourself.
Would anyone here pay $60 or more for an 1oz. If it shoots up? goldstackers would make a killing of it did. But sellers here?? the very fact that everyone here knows and talks about '2011' makes me feel like buying at that price (especially on SS) wont happen again. Alot of us already made that mistake.
Yes, market psychology is a funny thing. When something is cheap no one wants it but once it quadruples in price they are falling over themselves to get it. This is exactly what happened to houses in my area in the late 90's. No shortage for sale at under $30,000 but a few years later you had no trouble selling them over $100,000.
Not sure why Gold Stackers was brought into the thread. Spot was basically $50 AUD an ounce - I recall a PAMP kilo selling for $200 over spot on here, so yes, private sellers on here did make a killing.
I'd be happy to let my stack go at $35 because my dca is low to mid $20's not that I have much of a stack so I'm sure I'll find someone to take it at spot
Agree. Market psych effects the majority - stackers too. A recent example was BTC. When price was rising, there were plenty of calls and enquiries here about how to open wallets and buy so as to "not miss the boat". At one stage, digital currency threads were outnumbering metal threads! Ironic considering the general mantra of stackers towards fiat and intrinsic value. Everyone is vulnerable to feeling left out.
Yes, as long as the rise had more legs. In the past I have paid $1300 for a single ounce of silver, and profited from the sale.
I guess it really depends on what you paid and what you're prepared to sell for. If an item is priced to sell fast...it will sell fast. Fair is fair...but cheaper is better.
If the price goes way up it will be because of demand and so there will be no shortage of buyers. New people will find their way to the site too, just like many did in early 2011 when it was the worst possible time to be a new buyer. When silver once again breaks through to new highs they will turn up again in droves. It's what happens in bubble's and it's always the same because it's human nature to follow the heard and all the so called guru's and messiahs will be hearding them to buy high. So don't worry people will buy your silver from you here I think.
