I am sure that the long term members from the old forum remember the days when silver and gold made their epic runup and the Silverstackers forum was flooded with excitement and new members signing up by the busload. For a while both metals climbed and climbed, silver making big gains on a daily basis and the forum was filled with lively discussion about where it was all headed. Members held all kinds of viewpoints, for example:
"This is the big one that we have been waiting for, Gold is going to the moon and taking silver with it, if you don't buy in now you will regret it, it will just keep climbing and you will miss out".
"Gold is cool but silver has far more upside".
"The Gold-Silver ratio is badly out of whack, it has to correct soon and silver is badly undervalued. Buy now while you can".
"This is a good time to sell during the buying mania, if you already hold silver that you bought at low prices don't try and call the top, sell now and take profit".
"Panic buying silver now at these prices is a bad idea, it has gotten too expensive too quickly, it will correct and you will be sorry".
"Demand will exceed production, silver is more rare than gold and soon you won't be able to buy physical at any price".
"The "paper silver and gold" scam has to collapse soon, physical is the only sane choice".
"These high prices are the new normal".
And of course the phrases "Back up the truck" and "boating accident" were all over various threads.
There were bets made, very lively discussions about whether to sell and take profit or whether to stay on the rocket ride to the moon, whether to hold, whether to buy low premium bars to get the maximum number of ounces versus buying PM Lunars for the collectors premium in the future or whether to buy Eagles or Philharmonics or Maples or other more common coins. Ten ounce "Stacker bars" were a real craze for a while too. It was a lot of fun to be into silver. Stackers seemed to live in one of several camps:
Hold and never sell, in it for the long run waiting for the coming economic crash.
Collectors and hobbyists who buy silver for the fun and enjoyment of collecting.
Those who were level headed investors looking to buy low and sell high.
Those who jumped in hoping for a quick profit but who had no real idea of what was happening.
And there were also two other camps - Those who already had a decent stack and had nothing to lose because they didn't need to chase the rising prices to increase their stack and those who chose a climbing price to try and build their first stack.
To the long term members here I ask the question: "What did we learn and what will you do differently now if the same thing happens again and the price climbs dramatically?
"This is the big one that we have been waiting for, Gold is going to the moon and taking silver with it, if you don't buy in now you will regret it, it will just keep climbing and you will miss out".
"Gold is cool but silver has far more upside".
"The Gold-Silver ratio is badly out of whack, it has to correct soon and silver is badly undervalued. Buy now while you can".
"This is a good time to sell during the buying mania, if you already hold silver that you bought at low prices don't try and call the top, sell now and take profit".
"Panic buying silver now at these prices is a bad idea, it has gotten too expensive too quickly, it will correct and you will be sorry".
"Demand will exceed production, silver is more rare than gold and soon you won't be able to buy physical at any price".
"The "paper silver and gold" scam has to collapse soon, physical is the only sane choice".
"These high prices are the new normal".
And of course the phrases "Back up the truck" and "boating accident" were all over various threads.
There were bets made, very lively discussions about whether to sell and take profit or whether to stay on the rocket ride to the moon, whether to hold, whether to buy low premium bars to get the maximum number of ounces versus buying PM Lunars for the collectors premium in the future or whether to buy Eagles or Philharmonics or Maples or other more common coins. Ten ounce "Stacker bars" were a real craze for a while too. It was a lot of fun to be into silver. Stackers seemed to live in one of several camps:
Hold and never sell, in it for the long run waiting for the coming economic crash.
Collectors and hobbyists who buy silver for the fun and enjoyment of collecting.
Those who were level headed investors looking to buy low and sell high.
Those who jumped in hoping for a quick profit but who had no real idea of what was happening.
And there were also two other camps - Those who already had a decent stack and had nothing to lose because they didn't need to chase the rising prices to increase their stack and those who chose a climbing price to try and build their first stack.
To the long term members here I ask the question: "What did we learn and what will you do differently now if the same thing happens again and the price climbs dramatically?
