Community post
Being a silver bug
sometimes gets a tad frustrating. Watching cryptos moon shoot, and silver stays around $17. Writing this post feels a bit like therapy,,,,lol.
One gets to feel like a broken record, and it is annoying, but one of these days it 'will' break the manipulation and do it's own moon shoot.
If you accumulate all the frustration in this market over the last few years and channel this into the price rise then it's going to be insanely epic. It sounds daft but I can see it moving up at least 30 fold.
I think it will be almost impossible to purchase silver for a time as mentioned previously as they perhaps shutter the market. At this point the jewellers and antique shops get, a little attention shall we say, but will savvy shop owners sell? They shouldn't but maybe some won't have a clue what is going on.
One of these days, one of these days....
Replies (4)
following, fellow metals hoarder.
I too am a silver guy (I prefer not to think of myself as a BUG).
Any upward price prediction is truly 'daft'. Price is most frequently referenced in currency (which is unstable).
Silver is valuable. I believe that value is growing, but it is difficult to measure.
Keep stacking it, and be thankful for the low price in currency!
You bought any of the cryptos?
I have a tiny amount of bitcoin and litecoin.
I agree with pinning a price on it being 'daft'. I guess I am looking at what it should be today and taking that price based on currency creation, rather than trying to ascertain how much more currency they may conjure up.
I think it's an absolute gift at the moment.