So who is selling at $100

B

bgtrader

New Member
So Silver spikes to $100 in the near future. Who is selling their physical silver and where are they selling it? More importantly who here is buying at $100??

In a bubble spike I don't see physical silver in demand I would think it would be speculators more interested in paper silver. What are people's thoughts.
 
bgtrader said:
So Silver spikes to $100 in the near future. Who is selling their physical silver and where are they selling it? More importantly who here is buying at $100??

In a bubble spike I don't see physical silver in demand I would think it would be speculators more interested in paper silver. What are people's thoughts.
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They'd probably demand physical from their pieces of paper and then when it becomes obvious (to them) that CRIMEX actually doesn't hold that much physical silver there will be a mass panic and we'd be lucky to see such a low price ($100).

I'd sell my silver when it becomes obvious the market is way overhyped or when I can find a better asset class to invest in.
 
Hm... Gold was about $300/oz in 2000. now is $1400/oz and individuals and countries are still buying.

I would start worrying when central banks stop printing money.
 
I will sell some at $100 and some tomorrow even (I'm not worried about short term dollar devaluation as the Canadian dollar isn't losing value at the moment).
 
I'd sell if there are alternative investments I can recycle the profits into. \(_o)/

ps. I don't mind taking profits once in a while, and have been considering it this week.
 
jnkmbx said:
I'd sell if there are alternative investments I can recycle the profits into. \(_o)/

ps. I don't mind taking profits once in a while, and have been considering it this week.
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I'm going to take profits for the first time tomorrow :D
 
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