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<p>[QUOTE="Tokens, post: 3419924, member: 102263"]You have to be very, very careful about the opinions of 'metals bugs'. They can be incredibly mantric, uninformed and have no rational underpinning (I say this as someone who is an aggressive silver buyer in the 14-17 range).</p><p><br /></p><p>They're always the same.</p><p><br /></p><p>To them, silver, at any point, is a buy. When prices are low, it's an opportunity. When prices are rising, BETTER GET IN FAST. When prices are high, proof of concept. TO THE MOON FROM HERE! When they go back down, OPPORTUNITY AGAIN! WE'VE SEEN HOW HIGH THEY CAN GO!</p><p><br /></p><p>Etc, etc. You get the idea.</p><p><br /></p><p>At their core, they're just fetishists who get off on hoarding stuff. Some guys do it with tools, some guys to it with cars, some guys do it with metals, some guys do it with guns, some guys do it with artwork. They're not rational people, they rarely have any actionable insight into anything.</p><p><br /></p><p>The idea of 'silver scarcity' is<span style="color: #ff0000"> EDITED</span>! Its hillarious to hear people flogging that concept when you can literally buy as much silver as you want, right now, to the extent that your bank account can hold out. Nobody knows for sure how much silver exists in earths crust but silver, like gold, is one of those things that when prices hit a certain level, they just go and get more.</p><p><br /></p><p>Metals, contrary to the delusions of PM fetishists, have never been a 'scarcity' play. There's just slightly less silver in earth's crust as there is iodine.[/QUOTE]</p><p><br /></p>
[QUOTE="Tokens, post: 3419924, member: 102263"]You have to be very, very careful about the opinions of 'metals bugs'. They can be incredibly mantric, uninformed and have no rational underpinning (I say this as someone who is an aggressive silver buyer in the 14-17 range). They're always the same. To them, silver, at any point, is a buy. When prices are low, it's an opportunity. When prices are rising, BETTER GET IN FAST. When prices are high, proof of concept. TO THE MOON FROM HERE! When they go back down, OPPORTUNITY AGAIN! WE'VE SEEN HOW HIGH THEY CAN GO! Etc, etc. You get the idea. At their core, they're just fetishists who get off on hoarding stuff. Some guys do it with tools, some guys to it with cars, some guys do it with metals, some guys do it with guns, some guys do it with artwork. They're not rational people, they rarely have any actionable insight into anything. The idea of 'silver scarcity' is[COLOR=#ff0000] EDITED[/COLOR]! Its hillarious to hear people flogging that concept when you can literally buy as much silver as you want, right now, to the extent that your bank account can hold out. Nobody knows for sure how much silver exists in earths crust but silver, like gold, is one of those things that when prices hit a certain level, they just go and get more. Metals, contrary to the delusions of PM fetishists, have never been a 'scarcity' play. There's just slightly less silver in earth's crust as there is iodine.[/QUOTE]
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