The Big Picture On Silver

Renewed Investor

Fly on the Wall
Messages
39
Reaction score
0
Points
0
This has to be one of the least biased reports on Silver to come out in ages. Whilst I do like to see my wealth increase in Silver, I have to agree with the writer that it will most likely go down once more just like in 2008. Then again it could play out like that inverted head and shoulders they mention. Good to see both sides of the coin for once though.

Link
 

ancona

Praying Mantis
Messages
3,370
Reaction score
0
Points
0
Location
Waaay south
RI,
The big picture for silver has always been that at some point, the people investing in the paper [invisible silver] market lose faith and try to go physical. When enough people have this epiphany, the paper pushers will be over whelmed and silver finds true equilibrium. It is a waiting game for now, however if the dollar comes unhinged, it will greatly accelerate the timeline.
 

Renewed Investor

Fly on the Wall
Messages
39
Reaction score
0
Points
0
In the end it depends if the Dollar loses safe haven status and/or if demand of silver results in the needing of surplus silver.
 

Jetstream

Big Eyed Bug
Messages
318
Reaction score
0
Points
0
"when"? or "if".
There will always be a seller for anything. The price will simply reflect their willingness, or lack thereof, to sell.
 

DoChenRollingBearing

Yellow Jacket
Supporter
Messages
1,275
Reaction score
0
Points
0
Location
SE USA
They might. I won't.

I'm really talking about the "Giants", large holders who decide they will not let their physical go.
 

ancona

Praying Mantis
Messages
3,370
Reaction score
0
Points
0
Location
Waaay south
RI,
That's already happenning my friend. The only sellers now are paper sellers. Even the COMEX and LBMA do everything in their power to NOT deliver shiny metal bars and substitute it for fiat payments instead. Believe me, they will not get away with it forever.
 

ancona

Praying Mantis
Messages
3,370
Reaction score
0
Points
0
Location
Waaay south
RI,
Us PM bugs are not really hoarding our metals, we are saving it for retirement. At least the folks I knbow who stack metal are. I'm sure there are familial dunasties sitting on piles of very, very old gold and silver, but I suspect that to be the exception rather than the rule. Me? I will leave this world just as broke as I entered it, although when I do leave, at least I will be wearing clothes.
 

Renewed Investor

Fly on the Wall
Messages
39
Reaction score
0
Points
0
I think you've gotta play the cycles. I plan to sell 90% of my stack for either stocks or housing when the time comes. Keep the 10% as insurance. Teach my kids to do the same and over time that insurance stack grows with each cycle, as does our wealth.
 

Jetstream

Big Eyed Bug
Messages
318
Reaction score
0
Points
0
RI - I'm not sure if I agree with the percentages you gave, but I do agree with the principle of why you have PM's.
A day will come when PM's will be at their high, and land will be at its low. That is a good time to convert some of your wealth holdings.
 

Jetstream

Big Eyed Bug
Messages
318
Reaction score
0
Points
0
I'm partial to physical silver or gold myself. However, I'm considering the investment of an IRA.
I would strongly advise against any registered pension plans. Easy pickings for governments in need of money.
Use gold and silver as your retirement plan. It will still be worth something when you retire.
 
Top