joejingojack

On 19/05/2020 at 17:58, bluemoon said:

I remember people were buying hand over fist in 2011 because they thought it was going to the moon and had fear of missing out. Same thing happened more recently with Bitcoin. Both were in a bubble and it was only those in the know who kept cooler heads. I don't think you'll be short of buyers.

Whoever sells Silver at this environment of massive debt issuance, needs to have their head examined. I am that serious.

12 minutes ago, GoldElliott said:

If the price of silver is primarily driven by industrial demand as you're suggesting then it will never make you rich- a doubling of entire global industrial output (unthinkable in the short-medium term) would only correspond to a proportionate increase in demand for silver. Added with the fact that it is not a particularly scarce metal (global mining production is huge) and you dont have the exponential price explosion you are suggesting. That is unless the price is driven by other factors... ones not underpinned by (industrial) demand and supply

You must remember.

Today's world is entirely different monster unseen of it's kind.

The government is working against you around the clock and Silver is the only way to freedom yourself again from all the fakery around you.

You matter more than you think you do.

Take care if yourself and god bless.

10 minutes ago, GoldElliott said:

"Also it is used far more as an industrial metal rather than a precious metal!"

You just answered that yourself.

The answer to all the questions.

On 18/05/2020 at 11:15, HerefordBullyun said:

I would say that JPM holdings are in ETF's not physical - banks will bullshit to kingdom come about thier physical holdings hence the manipulation of the prices via the ETF market.

JPM Holdings are paper contracts mostly. Fakery and falsefying at unprecedented scale.

On 16/05/2020 at 16:27, GoldElliott said:

Reading everyone's comments on here it is clear why Gold has outperformed Silver imo.

People are hoping for a speculative rise in Silver, viewing it as a poor investment with limited intrinsic value.

People believe that Gold is a good investment and a sure hedge against uncertainty.

If the only thing driving the Silver price is FOMO and pure speculative pressure then it is by definition not a good investment. Doesn't mean to say there isn't money to be made trading silver. Since silver was removed from coinage there has been little use for it as a store of value. Gold on the other hand has and always will be in demand by central banks/ investors/ stackers.

I see Silver as the Bitcoin style investment- sure you might flip it all one day and buy yourself a Lambo, but more than likely you'll end up lumbered with a useless investment that you'll struggle to get your money back on.

Gold is like buying property- you're unlikely to get super super rich off it (unless you bought years and years ago), but you'll always have an asset that is in demand and should look after you into your old age.

You can't be more wrong about Silver.

Since it has become absolute scarce over the years and it's been consumed as a precious metal in electronics and not being used as of it's monetary value which means demanded less, I can absolutely guarantee you that it will outperfom Gold by multiples over the next decade.

Mark my words on this and you can also snapshot it for your records.

Take care.

On 14/05/2020 at 14:07, Pete said:

I certainly hope silver returns to £30 per ounce and with full UK VAT unavoidable from next year I cannot wait to start unloading my stack hoping to breakeven on a terrible investment.
This has been a big learning process, following the herd and the wisdom ( let's be honest and call it "c**p" ) primarily coming from the "experts" and professional bullshitters.

Gold has faired much better but I must have the dice loaded against me because I sold a lot last summer and see how the price has risen remarkably since.

With the high gold / silver ratio I see gold falling and silver rising in the future.
Now that information is out in the open the exact opposite will happen.

 

Don't be fooled by Gold's performance.

This is just temporarily.

If it does reach £21 this year, it's a game over. 

Expect Silver to Gold ratio to reach 15:1 rather sooner than later.

Cheers.

All the best!

14 hours ago, sixgun said:

i have heard members ask - if the price of silver goes up to £50 /oz, no-one will buy it - well how did it get to £50 /oz if people didn't buy it?
Bitcoin was a few cents in 2009 - the price of BTC has gone up a few 1000% and people keep buying.
My parents' first house was £1100 - people keep buying houses after they have gone up a few 1000%.
Gold was £325/ oz in the summer of 2007 - it is over £1400 now. 
i see spot silver is £12.74 and silver coins are changing hands for more than 50% more than that.
i'll worry about people not buying silver at £28 when it happens - i don't think it will be worrying when it does.

You guys are Silver stackers and you don't even know how to stack Silver properly, lmao...

However, you create more opportunity for the rest of us or like us (which is a good thing) ☺️

13 hours ago, sixgun said:

i have heard members ask - if the price of silver goes up to £50 /oz, no-one will buy it - well how did it get to £50 /oz if people didn't buy it?
Bitcoin was a few cents in 2009 - the price of BTC has gone up a few 1000% and people keep buying.
My parents' first house was £1100 - people keep buying houses after they have gone up a few 1000%.
Gold was £325/ oz in the summer of 2007 - it is over £1400 now. 
i see spot silver is £12.74 and silver coins are changing hands for more than 50% more than that.
i'll worry about people not buying silver at £28 when it happens - i don't think it will be worrying when it does.

I will be buying Silver up to the £500 range at the very least.