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<p>[QUOTE="torontokuba, post: 1908734, member: 56793"]I thought the hype was already promising us $150 - $200 per oz. If gullible enough, why would you stop buying and miss out on 200% to 300% profit?</p><p><br /></p><p><br /></p><p><br /></p><p>Whenever precious metal hype hits, it's not really a measure of intelligence that drives people to buy or sell. It's fear, propaganda, emotion, etc. All you need is common sense and just remember to sell/swap, when others are buying.</p><p><br /></p><p>If industry and rarity were factors, don't you think governments would curb their record sales of precious metals. I'd bet on it. Instead, they continue to sell as much physical gold and silver, as the hoarders wants. The sales figures alone, from the recent hype years, tell us that there are a lot of people sitting on $40 - $50/oz. silver (buyer premiums included).</p><p><br /></p><p><br /></p><p><br /></p><p>I was only smart enough to have stopped buying silver bullion in 2010 at $26/oz., shipping and mark-up included. I've unloaded a lot of it in swaps, during the hype. The opportunity to buy and sell with a profit, before or during one of these hype hiccups, is tiny. Warren Buffet couldn't even make it happen at the right time and tied up some of his capital in silver for many dull and boring years.[/QUOTE]</p><p><br /></p>
[QUOTE="torontokuba, post: 1908734, member: 56793"]I thought the hype was already promising us $150 - $200 per oz. If gullible enough, why would you stop buying and miss out on 200% to 300% profit? Whenever precious metal hype hits, it's not really a measure of intelligence that drives people to buy or sell. It's fear, propaganda, emotion, etc. All you need is common sense and just remember to sell/swap, when others are buying. If industry and rarity were factors, don't you think governments would curb their record sales of precious metals. I'd bet on it. Instead, they continue to sell as much physical gold and silver, as the hoarders wants. The sales figures alone, from the recent hype years, tell us that there are a lot of people sitting on $40 - $50/oz. silver (buyer premiums included). I was only smart enough to have stopped buying silver bullion in 2010 at $26/oz., shipping and mark-up included. I've unloaded a lot of it in swaps, during the hype. The opportunity to buy and sell with a profit, before or during one of these hype hiccups, is tiny. Warren Buffet couldn't even make it happen at the right time and tied up some of his capital in silver for many dull and boring years.[/QUOTE]
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