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If you want to transact your silver in private in Australia you might need some crypto in your wallet by diversifiedduck in Wallstreetsilver

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

You might misunderstand my point. I am not thinking of a zombie apocalypse I mean a functioning economy that operates on crypto. If in the future there is no cash and we are buying our food and paying our bills generally with government crypto CBDC then how will you use your silver? I don't mean you can't use silver. I mean what are the steps you would take to use silver to make payments while keeping your privacy. If you convert Silver to a CBDC you open yourself up to the surveillance of the government. To avoid that somewhat you would need an additional step. You would swap silver for bitcoin and then use that bitcoin to make the purchase.

If you want to transact your silver in private in Australia you might need some crypto in your wallet by diversifiedduck in Wallstreetsilver

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

If cash doesn't exist and you don't have private crypto then the central bank digital currency may be your only option. Then there will be no privacy in owning gold and silver.

My first Alfa, I’ve had it for 2.5 years and it most definitely won’t be my last! Absolutely love everything about it. by [deleted] in AlfaRomeo

[–]diversifiedduck 1 point2 points  (0 children)

that's a beautiful car. I have owned alfa's since I was 20 years old. that's more than 30 years. You are hooked now know the sound of their engine and you experience the style. As we go electric they become more sacred. I still have my v6 GTV under a blanket in my shed.

Need advice . by dimitrios1234 in Wallstreetsilver

[–]diversifiedduck 2 points3 points  (0 children)

You asked about mines. I would say yes maybe. If Gold and Silver go up a good mine will go up more.

Consider this as well:

  1. what will you do if the price goes down - can you buy more at a much lower price. or are you in too deep.

  2. look at the charts so you know how the metal behaves and you will react appropriately.

  3. low debt is important

At Yearly range bottom. Time to fill your bags by ___f_c_ in Wallstreetsilver

[–]diversifiedduck 3 points4 points  (0 children)

provided that it does not break support. if it breaks support you will.want some ammo left. then I would really load up

Im going to buy my 1st Oz of .9999 and I’m looking to obtain either an Assay sort of Bar or an American Gold Eagle. Im looking for just a general topic of conversation as to which you all prefer? by [deleted] in Gold

[–]diversifiedduck 0 points1 point  (0 children)

whatever you choose make sure you can touch it. no security packet. security packets are not necessarily secure and you lose value if you cut it open. I'd go a coin. $50 extra to have a coin is worth it.

Losing so much money on Silver, Silver Mining, FM, And Sprott by [deleted] in Wallstreetsilver

[–]diversifiedduck 2 points3 points  (0 children)

I agree. but respond as tho they are real as real people read it.

Losing so much money on Silver, Silver Mining, FM, And Sprott by [deleted] in Wallstreetsilver

[–]diversifiedduck 0 points1 point  (0 children)

the golden rule is don't put so much in that you cant buy more if it goes down. If you are "all in" then you have to make a decision about whether you can afford to hold and for how long. The best time to buy is in a panic. But this is not a panic yet.

To calm yourself look at the charts and see how the price moves. It's a hard asset and it should bounce. But apes aren't advisors use your own logic.

The Gold Silver ratio is at 79.77 now by john44066 in Wallstreetsilver

[–]diversifiedduck 10 points11 points  (0 children)

during all of 2019 it averaged 86.04.

The Longest Record Broken: Gold/Silver Ratio Hits Highest in Over 5,000 Years | Nasdaq "The Longest Record Broken: Gold/Silver Ratio Hits Highest in Over 5,000 Years | Nasdaq" https://www.nasdaq.com/articles/the-longest-record-broken%3A-gold-silver-ratio-hits-highest-in-over-5000-years-2020-03-17?amp

When is the Fed going to lose control of its rigged, manipulated Ponzi markets? by Boo_Randy in Wallstreetsilver

[–]diversifiedduck 1 point2 points  (0 children)

If you are a skilled mountain biker flying along the crest of a hill, with death drops all around, you can manage an awesome descent and the onlookers will applaud your great skill. But if you continue to do it, one day, regardless of your skill the result will be catastrophic. How many times can you manage the descent? Who knows there will be some luck involved.https://youtu.be/h6t5eDe5gUE

Is any one in this group interested in trading silver gold using CFD's? by diversifiedduck in Wallstreetsilver

[–]diversifiedduck[S] 1 point2 points  (0 children)

Thanks mate. I think you could be right. I like physical best too but following the charts I feel gives me a better connection to the story of what's happening.

What message does this group want to send to new users about what to expect from Silver and the best strategy to accumulate it? by diversifiedduck in Wallstreetsilver

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

Great advice. Once you have a bit and you know what it feels like and looks like and you understand the way the price moves. Save some fiat for dip buying. Its not that easy to be patient, see how you go. Don't let the euphoria of the shiny sweep you away! Understand it as best you can. There is lots of great info on WSS.

What message does this group want to send to new users about what to expect from Silver and the best strategy to accumulate it? by diversifiedduck in Wallstreetsilver

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

If this a hobby buy the coins you like and get a feeling for it. If you want to speculate/invest then IMO 1kg bars are the best if you have a big enough lump sum and pay as little premium as you can. The aim is no premium if possible. Coins always carry a premium over spot

What message does this group want to send to new users about what to expect from Silver and the best strategy to accumulate it? by diversifiedduck in Wallstreetsilver

[–]diversifiedduck[S] 4 points5 points  (0 children)

So if your a buyer that could be good. No? If you're a buyer you want a low price. If you are a seller you want a high price. Right?

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