Argentum said:
Pirocco said:
That doesnt mean that people thus won't dump their fiat more for other storages of value alike silver.
But since silvers average price doubled the last 5 years, and even quadrupled the last 15 years, we shouldn't hurry to buy silver, and have the patience to wait till most of the money for nothing clubbers frequenting the silver market, go through one of their dump stages.
The question is what do you get then shares/bonds /property/cash? Some of these are falling some are volatile just as pm are. How much have shares gone up since 2008, houses up significantly since 2008 (US) and in AU some of them went up five times from 2002-2007. And cash loosing value is way more than the official rate. I think its not being in a hurry to get into silver/gold you have to have it somewhere and I'm not saying it will outperform the ones mentioned above but i think there is no hurry to get into anything argument.
Sometimes loosing the least is winning
We didn't see prices in stores rising alike some of the speculated upon products alike silver.
That's just how it is, regardless 'official rates'.
It is possible that all those 'significantly up' markets bust down, when their institional / large investment funds temporary buyers get out again (alike for gold earlier this year).
And in other cases (alike silver), just a new production batch that is thrown for sale, does on its own already the same job, without existing stock owners selling. When will those physicallybacked silver ETF shareholders follow their gold predecessors in selling? They might be a big school small fish instead of a few big institional/large investment fund whales, and take a couple years many own decisions - selling instead of a couple months handful peoples decisions, but at the end of the line, the effect is just the same.
Anyone here a silver ETF shareholder? You guys together hold a half annual world supply. So far you held through all the price drops, or others bought up all the sold shares. I wonder which of the two it is. See, I find it hard to believe that there wasn't some shift within the silver ETF shareholders over the last 2 years. I saw stackers selling why wouldn't ETF shareholders not? Maybe some entities bought up all the shares that have been sold, as to prevent silver from becoming too cheap relative to the rest, and keep people willing to pay the still high price levels. Hell, isn't that the same as what the Federal Reserve does on the US treasury bond market? Everytime small fish sell a share, the Fed buys it up, and thus prevents the cost of borrowing by the US government to go up. And then one day, surprise, suddenly it's all dumped in a short time, surprise because silently derivatives ownership was shifted away from hedgers towards govt/moneyfornothing siders.
Just some thoughts. Because I thought I was careful enough, apparently I was not, and now I'm even more careful. I won't stop stacking silver, let alone selling any, but my next euro>silver swaps gonna need more than some scaremonger talk and halve stories.
