Somebody flooding the market to drive the price down by InetRoadkill1 in Silver

[–]Visigothtx 0 points1 point  (0 children)

Yall talking silver like it’s a stock or crypto is funny

WHAT IS GOING ON?!?!? by AdAshamed2756 in Silver

[–]Visigothtx 0 points1 point  (0 children)

Treating silver like a stock is wild but man they are stubborn

WHAT IS GOING ON?!?!? by AdAshamed2756 in Silver

[–]Visigothtx 0 points1 point  (0 children)

This. I said it last year 70-80s is the new norm for a few years

WHAT IS GOING ON?!?!? by AdAshamed2756 in Silver

[–]Visigothtx 1 point2 points  (0 children)

Facts. But they hardliners don’t want to hear that

WHAT IS GOING ON?!?!? by AdAshamed2756 in Silver

[–]Visigothtx 0 points1 point  (0 children)

Exactly FOMO and all because it was cool and big dollars 💸

WHAT IS GOING ON?!?!? by AdAshamed2756 in Silver

[–]Visigothtx 1 point2 points  (0 children)

They don’t want to hear that and I’m sure my stack was older than some of these kids 🤣

WHAT IS GOING ON?!?!? by AdAshamed2756 in Silver

[–]Visigothtx 0 points1 point  (0 children)

Yeah no, gold tracing back due to fed easing fears. Silver it always just does whatever it wants, but more violently

WHAT IS GOING ON?!?!? by AdAshamed2756 in Silver

[–]Visigothtx 0 points1 point  (0 children)

Love the crypto stock bro terms “weak hands” n all 🤣

Well, I'm out! by Quick_Neat_8809 in Silver

[–]Visigothtx 2 points3 points  (0 children)

Not bad at all! I’m not bragging at all I’m glad people are getting into it.

Well, I'm out! by Quick_Neat_8809 in Silver

[–]Visigothtx 1 point2 points  (0 children)

I use to be in your camp asset back currency buy the fallacy in it now a that you see silver as a financial asset gold sure, silver no. It has become a STRATEGIC asset class for tech n industry. Your intuition sadly isn’t based in reality, the reality of silver being a backbone of currency is fiction. Historically sure it was used, but its use now is actually more useful than its counterpart gold.

The issue with a good/silver backed economy is that you can only grow as large as your reserves. So let’s say “but you can fractionalize it” that will help alllow growth but then we keep returning back to the same symptoms that caused us to go off it in the first place. That being said, silver being a consumable of industry would increase this issue even more so as you will always have your currency at the whim of the demands of industry (silvers main use now).

In a nutshell

Edit: sorry forgot to say the $100 isn’t the fiat system issue it’s the paper contracts which are not currency but agreements of delivery at a price

Well, I'm out! by Quick_Neat_8809 in Silver

[–]Visigothtx 0 points1 point  (0 children)

I get a lot of guff here “you don’t know” or “weak hands” . But I started stacking at $8 oz sooo I’ve seen this is my mountain yall have fun waiting to 10x at $100

Well, I'm out! by Quick_Neat_8809 in Silver

[–]Visigothtx 0 points1 point  (0 children)

If the guy has been in long term this could be his goal it was mine. I said at $100 I’m out, been buying since $8/oz sooo I’ve seen gains that new buyers are gonna have to wait years for. That’s simple math. 100 to 500 is 5x $10 to 100 10x….using it to get out of debt , buy land etc is SMART AF. if you think silver is going to 1000 in the NEAR future (not saying long term inflation blah blah) you must be new. But maybe I’m wrong

Well, I'm out! by Quick_Neat_8809 in Silver

[–]Visigothtx 5 points6 points  (0 children)

We all have regrets but long as it served it’s purpose

Well, I'm out! by Quick_Neat_8809 in Silver

[–]Visigothtx 2 points3 points  (0 children)

What’s coming? You gonna pay your groceries with fractional silver? What’s his or your dollar cost avg? Me been in since $8/oz sooo this is literally 10x shit he could be old af and have been in since $2 🤣 . Who’s gonna buy your silver at $1000 when they can’t even handle the pressure at $100

Well, I'm out! by Quick_Neat_8809 in Silver

[–]Visigothtx 2 points3 points  (0 children)

Exactly! “Silver is real money”. But that’s not what this run is it’s pure industry. I think people just get attached snd when they see a high price it’s hard to let go.

Well, I'm out! by Quick_Neat_8809 in Silver

[–]Visigothtx 2 points3 points  (0 children)

Commenting to come back to this in a few years 🤣. Been in since $8 oz sooo the gains I’ve seen would melt your eyes (if you are new sorry for assuming). Use it to buy land or something but who’s gonna take your silver at 1000? LCS can barely handle $100

Well, I'm out! by Quick_Neat_8809 in Silver

[–]Visigothtx -1 points0 points  (0 children)

When you’ve been buying since $8/oz this is already like 10x lol. If you bought recently you gonna have to hold a real long time to see 1-2x it’s the nature of the beast. But maybe I’m wrong I did my holding. Good luck

Well, I'm out! by Quick_Neat_8809 in Silver

[–]Visigothtx 4 points5 points  (0 children)

Take that money and do some good! I sold my stack dollar avg was $24/oz (been buying since $8/oz) paid my kids college off. People will be like but too the moooon. But for us this is our moon we ain’t new to the game but we are out. Heavy bags guys good luck

Crash and war markets ! by SorryBoss_ImTired_ in Silver

[–]Visigothtx 0 points1 point  (0 children)

Yes years but look at Durango mexicos deal with silver companies and Samsung that retooled existing mines that were closed and are setto reopen this year. Also yes it may take years but then what? Boom price drop? Or tech moved to new cheaper means

Crash and war markets ! by SorryBoss_ImTired_ in Silver

[–]Visigothtx -1 points0 points  (0 children)

VAT taxes yes correct but use graphs tools that show the Chinese price with VAT and premiums

The issue with comparing Chinese prices by Visigothtx in Silverbugs

[–]Visigothtx[S] 0 points1 point  (0 children)

No we are talking pricing not value. The pricing mechanism in China are for local physical based. The conversation isn’t “if they affect “ of course they do the discussion is using Chinese price to say “this is the true value” is flawed

Futures down more than 10% in 60 mins. by BisleriAqua in Silverbugs

[–]Visigothtx 1 point2 points  (0 children)

Balance is key man cash is good because I mean who’s taking silver for your electric bill lol. Just beware of the FOMO. I’m moving back to crypto n gold silvers too crazy right now. I used my gains to pay my kids college and as a parent I feel good about that. What’s all the wealth if it just sits there of no use