Hey @127,
Do you think now is a good time to buy some silver, or should I wait for a bit. USD deflation may be coming. I think that may lower demand for PM in short term. Also, I’m considering the high spread between spot and actual price. So high!
Post by twetch#6122
You know, i think premiums should drop a bit if this corona bull mess subsides, so waiting might not be a bad ideer. I have been bag holding for a while & as a bag holder, make sure that your opportunity cost is aligned within your means. Good Q's m8!
What the chain says
- Block
- 630 914
- Time
- 2020-04-16T22:32:34Z
- Signer
- 1CnMfsXSPs2vfCUEkg8g2uXmGSoZsuPLK4
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#6122
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
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1CnMfsXSPs2vfCUEkg8g2uXmGSoZsuPLK4 VerifiedReplies (19)
overall tho I feel any time is a good time to buy SLV or GLD, and i am going to be 100 with you in that i suppose i am slightly biased. My gut feelings on SLV are that within 10 years it should make a big move to the upside.
Thanks man!
Why did you first get involved with PM?
How long have you been involved with PM?
Where do you see Gold and Silver going over the next couple years?
I got into PM's as a hedge against inflation & bc its tangible. There is heavy manipulation via derivative markets, but I think those days are nearing an end. Visit local coin dealers/auctions, boomers keel over w massive stashes more often than youd think
From a generational wealth standpoint SLV is extremely smart to buy & hodl for the long term. It mos def a shtf scenario type of investment. It is definitely not going to be a get rich quick investment, unfortunately so try not to think of it like that
Good advice. I’ll check my local shops and look for some auctions. Thanks for all your help man.
Being your own central bank in a fiat inflationary world is never a poor decision. Just have a plan, & explore different options. I did all my buying in 16/17 & i will probably look to buy more this summer. Keep your eye on the charts and miner revenues.
Yes, that’s true and in-part why I bought into BitCoin.
I’ve learned from various sources that silver may be undervalued at least relative to gold historically. Sound right?
I’m thinking summer or fall ill buy some silver. Not too much, maybe 2-3k usd.
I hold 400 ounces of American Eagles, and a smattering of 'junk' silver like morgans, peace dollars, pre 1965 dimes quarters and nickels. If the valuation catches up to the dollar to silver ratio i'll be one happy SLV wojack, but i might also die with it.
Time will tell. Thanks for all your help fren. Very cool. I’ll follow you and we can keep in touch about PM and the wojak life as time goes passes.
these are the risks I'm willing to take to preserve my wealth tho, so it is what it is lolol lets keep in touch on this for sure. I watch the PM charts like a hawk brother 👍🙏