Silver just broke AUD$27
- Thread starter Alfie
- Start date
We're rich! Richer than astronauts
Spode said:
this
move along people nothing to see here
Golden ChipMunk
Well-Known Member
Not surprising 
$28-$29 here we come
$28-$29 here we come
I'm only very new to this, and I genuinely wonder about this, so I'd appreciate it if someone could clarify.
It seems like most here essentially want to stack as much silver as they can and aren't too interested in selling much, if any, for now. It is difficult to reconcile this goal with those same people being so excited about a rising silver price. Of course, a rising silver price is suggestive that the money already invested has been invested well, so perhaps there is some psychological benefit to be had from reassurance of a sound investment. However, it also means that less silver can be purchased. Unless one doesn't intend to purchase any more silver and/or they are more interested in selling/flipping at this point, I don't understand why one would be excited about rallies in its price. I'd be perfectly happy for the price to plummet, however unlikely that might be right now, as it would mean I could buy a lot more silver, which is, after all, my aim.
I'm absolutely not trying to have a go at anyone here, but I wonder if I'm missing something.
It seems like most here essentially want to stack as much silver as they can and aren't too interested in selling much, if any, for now. It is difficult to reconcile this goal with those same people being so excited about a rising silver price. Of course, a rising silver price is suggestive that the money already invested has been invested well, so perhaps there is some psychological benefit to be had from reassurance of a sound investment. However, it also means that less silver can be purchased. Unless one doesn't intend to purchase any more silver and/or they are more interested in selling/flipping at this point, I don't understand why one would be excited about rallies in its price. I'd be perfectly happy for the price to plummet, however unlikely that might be right now, as it would mean I could buy a lot more silver, which is, after all, my aim.
I'm absolutely not trying to have a go at anyone here, but I wonder if I'm missing something.
gooby said:
All depends on each individual
Those that have not reached their target and still have more fiat want the price to go down
Those that have already committed all their fiat and cannot buy any more want the price to go up
Some might need to cash out some of their stack for other needs so they would also like the price higher
Some just want the GSR to go one way or the other so they can swap one metal for another
Nobody has a crystal ball, so investing in PMs is ultimately a hunch. Some people are gambling for a quick turn-around, some are stacking long-term, but all are hoping that they are guessing correctly because there are consequences for guessing wrong.
When the value of your assets increase, its confirmation of a correct guess and reduces the stress associated with the concern of loosing wealth through a bad guess. My theory is that it is the reduction in stress that feels good, rather than the actual movement in price.
When the value of your assets increase, its confirmation of a correct guess and reduces the stress associated with the concern of loosing wealth through a bad guess. My theory is that it is the reduction in stress that feels good, rather than the actual movement in price.
Besides what Gino said, I suspect they are probably largely two different groups of people rather than actually the same individuals (but given I am one who generally ignores the thousand threads about the price rollercoaster I could easily be wrong).gooby said:
A bunch of people are no doubt just being happy in response to the recent spate of narky idiots bagging stackers and/or the bullish. Sentiment among a group on here seems to have been on a rollercoaster recently while many others have simply ignored the day to day crap and just kept on stacking as we can.
Thanks for the replies to my question.
I guess that things are also different when you have quite a bit of silver and, hence, quite a bit of money tied up in silver. Since I only have a very small amount so far, I really wouldn't care even if it ended up being worth 10% of what I paid, as the 90% loss would still be almost negligible in absolute terms. I'd probably feel differently if I had 5 or 6 figures tied up, though... not that that's going to be a 'problem' for quite a while yet.
I'm aiming to have at least 1 kg of silver by new year, so I'll keep hoping for a smackdown
I guess that things are also different when you have quite a bit of silver and, hence, quite a bit of money tied up in silver. Since I only have a very small amount so far, I really wouldn't care even if it ended up being worth 10% of what I paid, as the 90% loss would still be almost negligible in absolute terms. I'd probably feel differently if I had 5 or 6 figures tied up, though... not that that's going to be a 'problem' for quite a while yet.
I'm aiming to have at least 1 kg of silver by new year, so I'll keep hoping for a smackdown
lol!
You have to understand that Court Jester still sees a AU$21 to $27 Silver spot price rise as going 'sideways'.
I suspect even at AU$30 in his mind the price is still going sideways.
He's entitled to his opinion but that does not mean others SEE it this way.
When I'm down the beach I see sand crabs running 'sideways'. That is what I see.
To a sand crab, he is making progress, going sideways to head 'forwards'. He can go 'sideways' quite fast to reach his destination!
If the Silver price has to run 'sideways' to make forward progress then so be it, the observation is different, the result is the same.
Also , the Aussie hasn't really 'dived' when Silver went AU$21 to $27, the Aussie moved down slightly from $91.5c to today's 90c. The trend is down though.