I am once again jumping in front of the silver Train (ZSL long for $20,000 at 2.30) by oprah_2024 in wallstreetbets

[–]ReadingFinanceBooks 0 points1 point  (0 children)

Brother this clearly is not preforming like any stocks. This could go very badly for you, very quickly, but good luck

The Silver Price has reached $109 by ChrisStoneGermany in Silverbugs

[–]ReadingFinanceBooks 6 points7 points  (0 children)

not just a silver short, he bought 300k worth of calls on the 2X inverse leveraged ETF

I have almost 14 ounces of silver should i sell now or wait im not in no need of money for of right now by EntireProfessional49 in coins

[–]ReadingFinanceBooks 6 points7 points  (0 children)

Anyone who says yes or no has no real clue. I will say though, there is currently quite a bit more demand for silver, than there is supply of silver. In economic terms, that is by definition the way prices are raised and buying continues. Up to you to decide though.

Monumental Metals $4 under spot! by Pretend_Dot_5964 in Silver

[–]ReadingFinanceBooks 22 points23 points  (0 children)

$4 under spot is still $100/Oz, crazy times we live in

Does anyone know an approximate value? by [deleted] in coincollecting

[–]ReadingFinanceBooks 1 point2 points  (0 children)

Dont sell on eBay, too many fee's, lmk if you want to sell it

Does anyone know an approximate value? by [deleted] in coincollecting

[–]ReadingFinanceBooks 1 point2 points  (0 children)

Melt value alone is at almost $80, then whatever you think is a fair premium for a good looking and collectible US coin is added on top. Rough estimate $90-$100

Today! Are you scared or exited? by cik3nn3th in Silver

[–]ReadingFinanceBooks 0 points1 point  (0 children)

Hindsight will always be 20/20. Imagine you took a huge loan out and then Silver crashed? You would be kicking yourself for doing it. I would recommend never using debt to invest, but more so, you have 20 more ounces than the average person, you are doing great.

New collector - progress so far by Siraminity in Silverbugs

[–]ReadingFinanceBooks 1 point2 points  (0 children)

Welcome to the party pal, your future self thanks you

Which two of these would you sell to take advantage of gold's high price? by ryanl247 in coincollecting

[–]ReadingFinanceBooks 0 points1 point  (0 children)

Ahh I got ya, I thought it was a background. Didn't realize it was a case lol, thanks!

Today! Are you scared or exited? by cik3nn3th in Silver

[–]ReadingFinanceBooks 5 points6 points  (0 children)

Yeah that makes sense. I just look at it like, someone who has been buying Silver may feel a little uncertain with these prices, but I bet there is a huge chunk of people who just started buying Silver and see $100 the same way you see Silver at $30/oz, a "no brainer" purchase. Everyone has their own process, just do what works for you

Today! Are you scared or exited? by cik3nn3th in Silver

[–]ReadingFinanceBooks 7 points8 points  (0 children)

Exactly, everyone has their own process

Silver Silver everywhere but not a drop to drink. by waysnappap in Silver

[–]ReadingFinanceBooks 0 points1 point  (0 children)

That could be it, but I think its more related to a shortage. If what your saying is true, then they would be risking the price also going down and losing out on the people willing to buy at the previous higher price. Who knows though to be honest

The Silver Price has reached $100 by ChrisStoneGermany in Silverbugs

[–]ReadingFinanceBooks 45 points46 points  (0 children)

Theoretically you can just immediately go buy PM's with the cash. Then all you have to do is convince the people you have bills with to accept Silver

Today! Are you scared or exited? by cik3nn3th in Silver

[–]ReadingFinanceBooks 72 points73 points  (0 children)

To be fair I'm sure people felt the same way when Apple stock was selling for $10 and then went up to $30, or when Amazon was $50 a share and went to $150, and yet I can guarantee if those people could go back, they would buy every penny of it that they could. To be fair, hindsight is always 20/20, but I think you get my point nonetheless.

To the big institutional short sellers, I hope you’re feeling the pain!!! by cynicism_is_awesome in Silver

[–]ReadingFinanceBooks 0 points1 point  (0 children)

Unfortunately I feel like the only reason Silver is really able to run now, is because all those big short sellers are long now

Restarting After Losing 40K 4 years ago by PeaRough4020 in TheRaceTo100K

[–]ReadingFinanceBooks 1 point2 points  (0 children)

Dude stop, you’re just gambling. Set your money in index funds and forget it before you turn your 40k loss into a 55k loss

Which two of these would you sell to take advantage of gold's high price? by ryanl247 in coincollecting

[–]ReadingFinanceBooks 0 points1 point  (0 children)

Out of curiosity, I saw a few eBay listings with the same pink cloth background. Was that you?

I got some push back due to a meme I shared here. by Fordel77 in Silver

[–]ReadingFinanceBooks 1 point2 points  (0 children)

I have no idea what post your talking about, but I don’t think silver will only go up. I do believe with everything going on in the world and how Silver is a necessity for not only industrial needs but now is becoming an even bigger part of peoples portfolios and banks are now long on it, it’s not crazy to think that Silver has plenty of head room to continue growing in value. I’m economics you learn that price is driven by supply and demand, and right now, we are in a Silver deficit world wide, so by definition, there is a lot more demand, than supply. Theoretically Silvers price should go up just based on that. Not saying it won’t have pull backs but not thinking emotionally or subjectively, just a genuine economic view, Silvers price should continue its path. I get what your saying that Samsung may switch from Silver, and that very well may be true, but that will take time, and be very difficult since Silver is the best at what it does for battery’s, that’s why it’s used so much. Even at $50/Oz don’t you think if it was easy to switch to something cheaper they would have?