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It takes nerves to continue collecting silver


LoveSilver

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Last week on Thursday I bought another 1 kilo bar of silver. I was thorn up what to buy and to tell you honestly just a fact that i didn't have enough money for ounce of gold steered me to buy silver instead!

I mean silver sucks. While gold reached about $1445 silver was lagging a big time. Ratio is bigger than 1 to 90. It looks like "historical" values are thrown out of the window a long time ago. Silver is cheaper than dirt and it makes me think will it ever catch up with gold or my stash will be good as a paper weight only? I started buying at $16 - $17 levels. I can only imagine how people who paid over $20 feel? I know what you will immediately say, manipulation, but that doesn't make it easier.  

Anyway there is an article discussing exactly my dilemma and something tells me I am not alone: https://medium.com/datadriveninvestor/gold-or-silver-what-to-buy-e7e0fc4ba79f?source=friends_link&sk=13cf523b5edc9d638eb547ed1427092f

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6 minutes ago, LoveSilver said:

It looks like "historical" values are thrown out of the window a long time ago.

 

this is not true. decades old historical data takes

decades to complete the cycle. also those into

silver should take note that in the previous bull

market for pm's(starting ~2002) silver lagged

gold during the first part of the bull market.

similar to what it's doing now.

silver is not interchangeable with gold. people buy

gold and silver for different reasons. silver can

take a decade or more before making profits for

it's owner. those looking to buy silver should be

looking at much longer time frames. contrary to

what physical silver pumpers claim, silver is not a

get rich quick opportunity.

 

18 minutes ago, LoveSilver said:

I was thorn up what to buy and to tell you honestly just a fact that i didn't have enough money for ounce of gold steered me to buy silver instead!

silver should not be seen as a direct replacement

for gold. each presents a different opportunity.

 

HH

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IMHO People are still kind of hypnotized by the Shinning Silver effect, and some historical facts about it, hopping for a kind of "D" day to came!

Well , I think that will never came back again.  The "Silver World & economics" are very similar to what happens and how ppl deal with Copper this days! I see Silver this days as a

"grade A Copper" .

I personally buy Silver  because I just love the shinning! For real investment I buy Gold!

Gold it's like wine...lol the older the best! By gold regularly and sell it like 10-15 years later , And you will be a happy guy... lol.

And again IMHO you should avoid to buy Kilogram Bars, as they are much difficult to sell than smaller weights. 10oz and 1 oz sell any day, Kilo bars don't. 

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Your title is wrong, collectors aren't that concerned about spot price of silver, only stackers who buy the cheapest silver available are.

The problem with common sense is, its not that common.

 

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in any analysis you carry out - you HAVE to remove the Hunt brother period completely and try and normalise it. you will see some peaks will dip by 10% or so. 

also  - consider that silver is now used less in tech - for example CDs used to have silver in them and the demand from that industry is near dead. 

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In Canada it takes less nerve than in Europe - you can get big bars of silver much cheaper than us. Silver will lag gold. We are told silver is a commodity - it is not money but $billions of it are still traded as XAG/USD - a currency pair - silver is used as a lever on the gold price. Tonnage precious metal traders will tell you this - silver is used as a lever to get the price of gold down. But it isn't working so well now - the silver price has been pushed down and down relative to gold to try to control the gold price. At some point as the gold price gets away the ratio will look crazy - it is recognised the ratio is well out of line - that it will return to the mean. i am buying gold in coins more these day but when it comes to buying it where i don't pay VAT and pay a 50 cents premium i buy silver. It will return to the mean and you will be rewarded - but not today - i very much doubt this year but it will happen and you will be glad you got your silver.

Always cast your vote - Spoil your ballot slip. Put 'Spoilt Ballot - I do not consent.' These votes are counted. If you do not do this you are consenting to the tyranny. None of them are fit for purpose. 
A tyranny relies on propaganda and force. Once the propaganda fails all that's left is force.

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31 minutes ago, Slowhand said:

I’m not so sure that silver is under valued as much as I think gold is over valued. 

I am sure that both are undervalued. Gold a lot and silver really badly, more like terribly making it cheap as dirt. I mean that in absolute numbers ($1419, $15.33 respectively at the moment of this writing) and relative terms as an ratio between the two.

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Silver will still have its day... I am convinced of it. It's not going to hover at $15 forever. I am sure the day it reaches $20 you will begin to smile. And it should go a lot higher than that. I think to say this is not wishful thinking, it's just a fact. Markets go up and down, even silver. It will yet again have an "up" day! :)

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Yesterday, it rained. Today, it's raining. It will be raining tomorrow and I expect the same over the weekend. The sun might shine next week 😊

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

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This is why stashers should collect gold as much as silver in keeping with the ratio...so if gold rises and silver falls they offset each other and they both act as a safety for a 401k..they don't balance exactly but they do seem to work to a degree.

The stashers who bought into the great lie and bought at $30- $40 an ounce are still hoping the world will end for them to take their money/pension back out and not feel like such a fool for buying at that rate to begin with.

As price falls it makes more sense to buy more as it reduces your average cost, thankfully most stashers didn't buy tens of thousands of ounces at $40 so as their stash has double, quadrupled etc their average cost has fallen, one reason so many wanted silver to stay at $14.30 for longer while they raises capital to buy it...if they bought a quarter of their stash at that price that would have seriously reduced their cost per ounce average...and some will have bought their gold at $1500 and more..so they are holding on for a rocket ship to cut their losses.

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49 minutes ago, Roy said:

Yesterday, it rained. Today, it's raining. It will be raining tomorrow and I expect the same over the weekend. The sun might shine next week 😊

And next month we'll have a heatwave😃

The problem with common sense is, its not that common.

 

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Whatever happened to all the Bull Sh!t videos issued primarily by American "experts" that predicted a global shortage of silver, rocketing prices and how China & Russia were accumulating like crazy ? Some famous names come to mind and silver should be trading in the hundreds of dollars per ounce. There was going to be massive shortages of physical silver by the end of year .... which has long passed. Might be worth watching a few if you cannot get to sleep at bedtime. The serious question however is how did they ALL get it so wrong ??

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19 minutes ago, Pete said:

Whatever happened to all the Bull Sh!t videos issued primarily by American "experts" that predicted a global shortage of silver, rocketing prices and how China & Russia were accumulating like crazy ? Some famous names come to mind and silver should be trading in the hundreds of dollars per ounce. There was going to be massive shortages of physical silver by the end of year .... which has long passed. Might be worth watching a few if you cannot get to sleep at bedtime. The serious question however is how did they ALL get it so wrong ??

The ones that I happened upon seemed largely to be done by people that were either trying to sell books or sell silver. You have to question how much they actually believe what they are saying vs how much is being said to fuel sales. Some people will keep on believing them but they certainly lose what small amount of credibility they had as time passes.

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Personally, I hardly buy silver anymore but the only reasons are space and that I think my personal gold silver ratio is too much in favour of silver. I will still buy the odd piece and maybe fill the huge gaps in the Royal Mint tubes, in each Queen Beasts tube there seems to be space for another 5 if not 6 Britannias or 2 to 3 more Beasts. This way I could buy more silver without using any more space. I also fancy Austrian 50 Schillings and will probably buy a few more of them at some point.

I have no single piece over 2oz but I think 1kg bars are a very common size and easy to sell. I saw one video of a big German dealer who actually recommended not to buy any other sizes than 1oz or 1kg as the markets for these are much bigger than for any other sizes. The video is a few years old though and was made before the QBs series.

I was lucky as I bought everything under $15 spot or maybe a tiny bit just above. In any case, no reason not to be optimistic about silver I think, but it really is something you should hold for many years. And actually, with the new Euro crisis on the horizon, outperforming the old one by far, so to speak, I don't even think it's that many years before it will go up a lot. One German analyst, Markus Krall, who was part of creating the bank stress tests after the 2008 and then 2011 Euro crisis, thinks the last quarter of 2020, give or take, is the most likely point in time for the new Euro crisis to start to unfold. All the factors that led to the last Euro crisis only got worse and it's hard to see the Euro surviving the next one unless the EU turns into a hard dictatorship which again would, as bad as this would be, hardly affect the silver price in a negative way, I think.

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On 04/07/2019 at 23:47, silenceissilver said:

I have no single piece over 2oz but I think 1kg bars are a very common size and easy to sell. I saw one video of a big German dealer who actually recommended not to buy any other sizes than 1oz or 1kg as the markets for these are much bigger than for any other sizes. The video is a few years old though and was made before the QBs series.

Most of what i have got is 1oz and 1kg. i do have other sizes and i wouldn't be selling those to a dealer. Odd weight vintage bars, collector coins and medallions - coins which have special numismatic interest to me. That the question gets asked about needing nerve to collect silver points to the early phases of the Elliott Wave when most people are throwing in the towel, psychologically exhausted by negative sentiment, false dawns and low prices. 

Price has bottomed despite what Mr Wonge has had to say. In GBP it bottomed in 2009 before the last bull run and then again in 2015 - we have seen higher lows in GBP since then - and in my mind from the chart for a GBP buyer this is an accumulation level. 

Videos saying silver is not at a buy price or we will be several years more before prices rise - a neutral message - these don't tend to do well especially if you are trying to sell silver. Hence we see the tripe put out by Chris Duane and his ilk. For me the message is keep stacking. The bottom is in, the prices are good, the G:S ratio is overstretched - just keep accumulating. 

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Always cast your vote - Spoil your ballot slip. Put 'Spoilt Ballot - I do not consent.' These votes are counted. If you do not do this you are consenting to the tyranny. None of them are fit for purpose. 
A tyranny relies on propaganda and force. Once the propaganda fails all that's left is force.

COVID-19 is a cover story for the collapsing economy. Green Energy isn't Green and it isn't Renewable.

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On 05/07/2019 at 07:02, Michal said:

You wont see silver going up until S&P500 crush more than 40%, at that point it will be massive panic and save haven assets demand.  

 @Michael when I was initially buying PMs I thought exactly the same but a stock market crash followed by a recession and housing market crash which is deflationary in nature and the price of Gold/Silver initially should go down in value and should present a very good opportunity to buy in bulk. Will the next recession be the great depression? If the next recession is not a result of a black swan event or sovereign debt crisis then where is the flight to safety in PMs and subsequent price increases in spot? Don't underestimate how far down the road governments/central banks can push the can down the road.

The question is not "It takes nerves to continue collecting silver" but do you have strategy of the physical amount PMs want to stack/collect and what is represent in percentage overall to your portfolio what type of PMs (just generic bars/rounds or a series has potential grow in premium and offset any negative prices in the spot market). Silver unlike a stock cannot go to zero and historically price is cheap but can it get cheaper? I have no issues continuing to buy silver below $15.00 and if price beaks above triangle pattern created since 2016 then $20 silver can be easily achieved and we may never see $14 silver again.

image.thumb.png.758bdf2799714049bf845fa0e53719a1.png

 

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I bought silver mainly thinking in a 5-10 year perspective. I don't need to sell now, so I don't care about the current prices. If I sold, I'd be about 15-20% down. I'll start worrying if and when I need to sell, which is as late as possible. I'd only sell now if silver price skyrocketed suddenly,  which happened a couple of times in he last 25 years.

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