Spot Price $50!!!

[marco88]

hi all,

lot's of speculation on Silver now. Everyone is betting on the price going up and so on.

Question is, let's assume it goes again to the all time high, $50 per OZ, how's gonna buy it at that price????

would you keep on buying regardless???

[Farnarcle]

For me personally, when silver bullion starts getting above £25 /oz I'm probably going to stop buying physical. Then it's time to gamble with an ETF.. (and I do mean gamble)..

[Chicagodogs]

My LCS told me when the silver price was nearing $50. The line of people buying went out past the front door from FOMO.

[ChrisF]

When everyone is buying, Im selling.

[Jkm1988]

thats more than i get paid in a day so probaly not lol

[Coolsmp]

Thats about £40.10 not sure it will go to that this decade. Even in the so called worst recession in history its barely moved.

[marco88]

9 hours ago, Chicagodogs said:

My LCS told me when the silver price was nearing $50. The line of people buying went out past the front door from FOMO.

are you in the US I imagine?

[KDave]

Silver will have seen $100+ an ounce by the end of the decade, it just takes a while for it to start running. Silver follows gold higher then will outperform at the end if history has anything to say about it.

Consider that crypto currency was not established in the last run however. I am not convinced people will prefer crypto when they can have physical metal with a history of being money and takes on monetary properties in a bull run, but perhaps the competition from crypto will weigh on silvers gain this time, just a thought. 

[Arganto]

48 minutes ago, KDave said:

Silver will have seen $100+ an ounce by the end of the decade, it just takes a while for it to start running. Silver follows gold higher then will outperform at the end if history has anything to say about it.

Consider that crypto currency was not established in the last run however. I am not convinced people will prefer crypto when they can have physical metal with a history of being money and takes on monetary properties in a bull run, but perhaps the competition from crypto will weigh on silvers gain this time, just a thought. 

It seems like 'independent' crypto may be in for a rough ride if the government backed crypto currencies that are being talked about get underway. Something akin to the gold confiscation of yore but for digital assets. 

[KDave]

1 hour ago, Liam84 said:

It seems like 'independent' crypto may be in for a rough ride if the government backed crypto currencies that are being talked about get underway. Something akin to the gold confiscation of yore but for digital assets. 

A very interesting topic!

[GoldElliott]

The secret with buying PMs is to have a strategy or price in mind for exit. I would imagine when silver hits $50 the market will become flooded with silver as everyone seeks to offload at the key price point of $50 causing a price drop! I'll be offloading at $49

[SilverGameOfThrones]

With amount of DEBT FED are printing last days I am more on $1000 soon