The weekend rattled me.

[SilverStacker]

Even tho I predicted it and said all along silver was undervalued to see such a price increase on a metal one has invested much in kind of rattled me anyway. Its a gamblers life and I always fear the cards going against me. Hell silver going up $9 in just a few days just doesn't happen does it ? Yet it did, I saw it. Even now its hovering at $58.65 like a dark crow on a wire waiting for a road kill and that road kill is we who have loaded big in it for 2025 and even prior.

And tho I came in late in the game those first 4 months of the year I loaded in big time into PM's and now its worth is far more like an investment then a hedge. Today at my LCS I got cold feet for the first time despite very fair prices for silver. I should have bought more instead of just a few coins for politeness sake. I know that every data point that brought silver to a current $58+ still exists and will increase the worth of the white metal even more. That and Ive made a killing on the game in 2025, mostly due to the first 4 months when I loaded in big.

But I felt the gamblers curse, the feeling the cards aren't going to go my way anymore. The last week rattled me and I'm only betting hot hands now and they are few and far between. I'm thinking maybe taking Dec. off from the game. Its a good month to be holding fiat, ass wipe that it is. Stores still take it and it is Xmas.

But deep down I know its a mistake. I dont think this train is stopping.

 

[pmbug]

What exactly rattled you?

 

[Goldhedge]

But deep down I know its a mistake. I dont think this train is stopping.

Nope!

The Dalio types are recommending retirement funds hold 15% PMs after decades of eschewing the noble metals.

You don't have to be Einstein to figure out what that portends....

 

[KnowWhy]

Why dont you step over to the guessing thread and make a statement where you think the price will be end of year? I feel the same way as you describe when silver is at $35.
I guessed low for end of year, but i just made three cumulative purchases the most ever. Provident had a scratch and dent price on Au maplegram—not grams at spot like sdbullion’s black friday, but loow premium for small fractional gold.

Dollar printing is not stopping. The train might reverse a while, but dollar is going down like all fiat.

 

[Vichris]

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Yup,.....this time its different, no doubt about it.


.

 

[SilverStacker]

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Yup,.....this time its different, no doubt about it.


.

Yup, I feel we entered a different era. Exactly what it is I can't say but the rapid rise in the price of silver portends.

Oh I did well in Nov. . Before the weekend explosion Of $58 to $59 silver I spent maybe $6 K on both silver and gold that at the time I thought was rather high but I had a gut feeling of what was coming so suddenly $48 to $50 silver made sense to me. I loaded in a bunch of ASE's, Kruggies, and 10 oz bars and when I came out the other end they appreciated nicely.

But thats what I expected. I didn't expect each of the 80+ oz of Nov. silver bullion to individually accrue $8 to $10 of wealth. I called the floor of $50 before anyone else but I sure didn't call the ceiling and especially the length of time at that high. Were still at $58+ and this rise wasn't due to any Hunt bros cuteness but, I believe, only the unyielding dynamic of supply and demand. If anything silvers performance has come late and gives credence to Govt. conspiracy theories.

And if its inevitable march forward continues, which it probably will, we'll be left wishing for the days of $58 silver. The buying of which leaves me worrying it will become over-valued and it crashes as fast as it rose. I dont think that will happen but lets face it itd very difficult do predict what silver will do.

 

[Voodoo]

Go for a walk. I only monitor the actual amount by updating my spreadsheet price once a year. And forget some years.

 

[SKULL]

Go for a walk. I only monitor the actual amount by updating my spreadsheet price once a year. And forget some years.

100%

If ur looking at the price day to day, week to week, even month to month, trade in ETF's.

If u buy physical, stack it as an investment/insurance that u hope to never have to use.

I hope to leave my stack to my son, but it's there incase of an emergency/SHTF situation.

 

[SilverStacker]

Yeah more and more its looking like $58 is the new floor. $58.81 right now, I had the chance to buy some lovely 1 oz rounds the other day for $58 but I passed and instead pocketed a few ASE's for $60. My LCS consistently beats anything online but he has a very limited selection if anything at all. He's never been totally out and his numismatics are way to pricey but he's really good with bullion.

Dec. is an expensive month for me and I spent a ton last month. Dec. is health and car insurance, Xmas, and a bunch of other things I need that wretched fiat for. If not I'd be over there writing a check right now. Damn !

 

[Viking]

Got a bunch yesterday at 57.17 plus a $3 premium. Picked up more junk too.

 

[SilverStacker]

Got a bunch yesterday at 57.17 plus a $3 premium. Picked up more junk too.

You got in right at the nick of time. Right before the weekend high.

I knew I should have gone in yesterday. In my gut I knew it, but like I said, Dec. is a tough month for me. Then my wife has a B-day a few days after Xmas and you dont get away with 2-fers with her.

When I was in my LCS I told my guy "I dont think silvers going to go down much if at all: and "I'm thinking $58 is the new floor".

All the data points are indicating that. When I get thru this month I'm going to start loading up again on rounds, junk, and bars like I did when it was $28. Maybe even I can sneak in $20 of junk beforehand.

 

[nickndfl]

Make $60k in a day and you will get rattled. Those short videos where some guy makes $3k in the market daily before 11am are sometimes true.

 

[Goldhedge]

Got a bunch yesterday at 57.17 plus a $3 premium. Picked up more junk too.

Holter suggests that junk is going to be unobtanium because they've been melting it down.

It comes in predetermined amounts and it's easily recognized around the world.

 

[Viking]

You got in right at the nick of time. Right before the weekend high.

I knew I should have gone in yesterday. In my gut I knew it, but like I said, Dec. is a tough month for me. Then my wife has a B-day a few days after Xmas and you dont get away with 2-fers with her.

When I was in my LCS I told my guy "I dont think silvers going to go down much if at all: and "I'm thinking $58 is the new floor".

All the data points are indicating that. When I get thru this month I'm going to start loading up again on rounds, junk, and bars like I did when it was $28. Maybe even I can sneak in $20 of junk beforehand.

Well, we all know Silver can have big corrections. But I am in for the long haul. The Junk silver is spot $-0.50.

 

[nickndfl]

Junk silver according to dealers on YouTube is flooded. They don't want any silver less than .999 fine because the wholesalers don't want it and the refiners don't have time to turn it into .999 fine deliverable bars.

I said in another post some haji should buy it all up and send it back to Mumbai where some dude wearing sandals and no PPE melts it down in a hole dug into a dirt floor in some crap hole.

 

[SKULL]

They don't want any silver less than .999 fine because the wholesalers don't want it and the refiners don't have time to turn it into .999 fine deliverable bars.

When the price of Silver goes $100 + & .999 fine Silver is " Unobtanium " they will become A LOT more interested in " Junk Silver "

 

[nickndfl]

I say the hajis should melt it down and sell it as 90% bars in kilo size + 10%. Then stamp it with a rusted punch and crooked letters.

-Mytur Binisdurdee

 

[Ttazzman]

Go for a walk. I only monitor the actual amount by updating my spreadsheet price once a year. And forget some years.

thats damn good advice right there........if you get nervous just take a break from media.......seriously quit thinking in $.......think in oz.......

fwiw i bought a dab of junk silver today at 38xf

 

[Voodoo]

Junk silver according to dealers on YouTube is flooded. They don't want any silver less than .999 fine because the wholesalers don't want it and the refiners don't have time to turn it into .999 fine deliverable bars.

I said in another post some haji should buy it all up and send it back to Mumbai where some dude wearing sandals and no PPE melts it down in a hole dug into a dirt floor in some crap hole.

I don't remember which thread is which around here sometimes. But Keith gave another good reason for the refinery problems here in this recent video. He says they don't want it because they can't hedge the metal right now due to the spreads. It would cost more to hedge than their margins... Not sure I understand it yet but worth

 

[Voodoo]

thats damn good advice right there........if you get nervous just take a break from media.......seriously quit thinking in $.......think in oz.......

fwiw i bought a dab of junk silver today at 38xf

If you start considering the numbers you bring in emotions. And that leads to almost always making the wrong choices.