Spot Price of Silver=Boring!

I find the spot price of silver shocking as it seems to stay around the same boring spot, $25-$28! Then I think of Bitcoin and the crypto sphere where techy types are making coins like Shiba Inu, Dogecoin and the rest of them and some of them are making tons of money!! Some of them are rug pulls as well, I'll leave a video link of one that was just uncovered a few days ago. Makes me think the silver market is a rug pull in itself. I mean think about it, sellers pump up the premiums and some people buy like crazy as if they have all drank the silver koolaid! When the buyers of the overpriced silver go to sell down the line, they may or may not get their initial investment, if they don't they may feel the "rug pull!" What do you think, you think silver has become a rug pull, yes or no?? Anyone?

 

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It only looks boring on a one year chart. When you pull up the 10 year chart, you see that silver was over $40 an oz in 2011. You can also see how silver was mostly in the $15-20 range before the pandemic, but increased by about $5 during the pandemic.

 

So your saying it's a game of thrones.

Big guys can and IMO do munipulate a number of things.
They still benefit from the fact, if and that's a big IF....the .Gov regulatory commission get a wild hair and assess a fine...who does that benefit???
You guessed it, that would be the .Gov fee fund for pay to play.
Rinse and REPEAT.

 

If your silver is boring, sell your boring stuff and buy the cool stuff.

 

Silver is never boring

 

Might get a little bored riding the roller coaster year after year.
More fun getting out at the top and back on at the bottom, ESPECIALLY when you can control the ride.

 

When I get to the bottom I go back to the top of the slide
And I stop and I turn and I go for a ride
And I get to the bottom and I see you again, yeah, yeah

 

No, none of my silver is boring at all as I have some very special boutique pieces. It's just the spot price that I find boring as you would think it would hit $30 once in awhile but it don't, hasn't for over a year and a half last I checked! I have silver to sell as well, I just think the price is being manipulated to hell and back by the vendors that's all.

 

I like to collect silver - just not during Amateur hour (2020-present). When premiums come back down to 15% and under on minted silver coins I will be back in.

 

I’d rather be bored than bored, excited, then bored again. It takes time for prices to rise.

 

Can we say safe at least...LOL

 

Yes, safe it is!

 

Previous silver stacker here...the reason silver is boring is because in the last 105 years the price has been OVER $30/ounce TWICE...and then for less than 5 years. The rest of the 100 years silver has hung out BELOW $30/oz. If you are waiting for something to happen, it's a matter of long-TIME vs timing. Silver is fine to stack short term then convert to gold (my LRC old-school dealer motto: accumulate large piles of silver and convert to small piles of gold) but for long term wealth building silver alone...it doesn't hold it's value very well but is better than nothing and blowing worthless fiat dollars in a savings account.

 

Considering you live near the beltway, have been a CT member for two weeks, and apparently know little of silver’s historic use as real money … please troll elsewhere.

 

Paper profits are not profits.

If you are only buying silver and gold to make fiat currency profits you are buying them for the wrong reason. Never price anything’s value in currency- price it in commodities.

 

Cheeseburgers?

 

David Lin on Kitco News has his Gold:Big Mac ratio.
It’s pretty accurate.

 

The Finn said (my LRC old-school dealer motto: accumulate large piles of silver and convert to small piles of gold).
I hope he didn't take lessons from the Hunt Brothers. Accumulate large plies of silver and convert to Federal Fraud Convictions. Just sayin'.

 

That’s why usually financial advisors only recommend 10% (at most) of your portfolio be invested in precious metals.

The other 90% should be in stocks, bonds, treasuries, cash etc.,

PMs aren’t meant to reap a huge profit but rather to act as a sort of safeguard. If the stock market crashes and wipes out 50% of your portfolio the PMs will rise (stocks & PMs always almost go in opposite directions) and help nullify some of those losses.

The Great Depression is a good example. If someone had all their money in stocks they would’ve been financially ruined. Especially since most people used a lot of leverage and margin buying.

However if they had some of their money in gold & silver (or even just coinage since it was made from PMs back then) they would at least have something to help cushion the blow so their kids didn’t go hungry.

 

I like owning my own home. All Investments can go "poof". A roof over your head wont.