How do all the old timers feel about "silver stackers?"

spending all your time worrying and planning for goofy doomsday scenarios is pleasurable?

 

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All I ever see you do is denigrate stackers, or give likes to others who denigrate stackers. If that's your idea of pleasurable then you should stop with your wussified "bully brown shirts" theatrics whenever someone returns the favor. After all, maybe they find it pleasurable.

 

that's not true. I just mock people who think they are going to survive an apocalypse because they have some silver. "I'm gonna need it to buy bread or bribe my way out of prison". these same folks constantly see doomsday in every news report and get giddy when gold goes up a little bit. This doesn't describe every person who buys silver and gold, just a moronic subset.

 

Your full of crap.

 

You're

 

... Though I enjoy driving my Sherman tank around with a few stacks of silver and gold bars in it's internal storage compartments.

You're not going to change those people perspectives and ideologies.
They prefer to hold on to their own reality.

But gold would be needed, as this article points out. It would be needed to make bullets.
https://www.itmtrading.com/blog/gold-as-money-and-the-walking-dead/
Of course, where would they get the gun powder ?? And wouldn't there be more industrial lead stock piles anyways in the open rather than in fortified safes which are difficult to open with the butt end of a rifle?

ahh, but why bring up the obvious, it just defeats the purpose of conspiracies and such.

 

Well, right now I'm watching the three stooges.

And on the matter of full of it, you could not have made a better choice for a screen name.

 

Hey 'nines, how much you want to bet you're on some "domestic terrorism watch list" somewhere. I bet you are.

 

Hey Bellman, how much you want to bet you can eat pucks and bark at the moon?

 

Lower cost of entry simply means there are way way more people holding silver. That is not in favor of your "higher upside potential" theory. If it ever does see $22-$23 the dumping will be in full swing.

The fact that something falls 65% off its high does not equal higher potential upside. 65% is way more than a normal correction and just shows that $50 cant be sustained even for a month. How in the world people can equate something getting murdered when it nears $50 to "high upside potential" is amazing. Reality is its proof of just the opposite.

 

I agree with the general sentiment, but not the details or the conclusion. It will see $22-23 again, and it will trigger a lot of selling. But that is par for the course. Every cycle has seen the same. In the last 30 years each cycle has shown higher highs before retracing. But each retracement has been to a higher low. (There may be short term exceptions to that but in general it holds.) It would not surprise me to see the next high being $75 with a drop back to only $30-$35. When that will happen, I don't know. Maybe in the next 5 years.

But as the DCA for my silver is way less than that I will have no complaints. If it happens (and I am not predicting it, just suggesting the possibility) then I will sell some for above $50, decrease my DCA, and sit happy.

 

Silver not hitting $75, nope not hitting $35 ever again in any of our lifetimes

 

Never say never. It opens you up to ridicule if it actually happens. Of course, you may be a lot older that I expect.

 

Speculating about the maximum or minimum value of almost anything over a fifty-plus-year timeframe seems very, very silly.

 

Indeed!
But remember who that poster is. He posts nonsense like that all the time.

 

Let it happen and I will still be right here and I will take all the "I told you sos" you guys care to type. It aint happening. Fact is I have been here for 10 + years, and all the same "its going up" stories have been here the whole time. They have been wrong the whole time. It aint happening.

 

Thanks privy.

 

These prices are also controlled by supply. If it goes up to $25 not only do all the weak hands dump like crazy but you get a lot more supply. That's about as high as its going and I doubt you will see that. Funny people here can post nonsense like silver is being manipulated by jp morgan and other "bad guys" , the USD is gonna collapse, china is taking over the world, there are record shorts just above to be forced to cover, silver is becoming extinct, the comex is gonna default, there is only 2 billion ounces of silver above ground, etc etc and that stuff is all accepted or at least given a free pass. Even though its pretty much all been proven wrong and outside of the silver community anyone who believes any of this is a laughing stock. Someone says silver isn't going to $75 and some of you guys act like your having a stroke. Let me promise you one thing - you will never see silver spot $75. Never. You want to live in your fantasy that's fine but it isn't going to happen and all those silver expectations will continue to be wrong just as they always have been. Silver had its chance when it broke $50 and quickly collapsed like a house made out of toilet paper. The drop to $15 was not a simple correction but a return to reality. Now it will float in the $15-$20 range and if it does break much above the $20 top it will return quickly with added supply and weak hand dumping.

 

Clearly wrong. 10 years ago was 2007. Are you really claiming no one said it was going up in 2010/11? I was not here then, but I find it really odd that no one would have said that. Because if they did they were not wrong. And, of course, one totally fallacious statement of yours questions the credibility of all your statements.

I suggest you stick to collecting gold and quit trying to understand the silver market.

 

Did you have a nice nap from 2010 through 2012?