Patriots play the long game here, if it drops then continue buying. They wanted to try and discourage us by dropping price, so don't be fooled. The everything bubble is coming, no way around it. Buy now and plan to hold into 2021. Use the price fixes to your advantage, the banks were not happy so many of us started buying what was supposed to be their insurance policy. I don't think they planned on enough of us buying physical that we would drive price up. Wonder how hard they worked to force the price down. I am dismayed when I see someone who is so desperate to survive they are selling right now.
Actually, I'd be one of those people myself if I didn't have a good support system that understands my insanity. I'm disabled and put the little bit of cash I had from my settlement into silver at different spots...mainly around $16-$19 when prices came back DOWN years ago. Haven't been back up yet, but I was okay waiting as a LOT of people had wished they were "in that low." Last year I saw a buying op on a spike down on Halloween & had to buy more at $14.30. Freed up even more to buy again at $14.64 so between the junk silver over the years and the more recently-bought 100 oz bars, I'm sitting on close to 1k oz of physical metal.
My biggest conern is what if there's some "debt jubilee?" With my luck, silver would rocket, I'd cash in and pay off all my debts, THEN they have the debt jubilee after lol
Sorry been so busy and just now seeing your response. I have mulled over the same thing. Hard to believe given projected prices you would need that much silver to pay off all your debts. I am anticipating 130 an ounce on silver and 10k on gold. Planning to hold at least through 2021. I noticed the recent sudden drop. Think this was about trying to discourage people from stacking. You are in a much better position than 95% of the population. Hang in there patriot.
I'm talking about ALL debts, including my mortgage balance. I'm calculating a minimum of $168 an ounce b/c the last time, silver went up 12.5x and this time it'll be at LEAST that much, IMO.
I went ahead and bought the Christmas presents for this year AND NEXT in silver today, at ! $15.04/oz. I could either wait for slightly lower prices, but in the end, I'd save literally only a few dollars, so better to lock-in on known good prices than wait and wake up to silver up a dollar or something. Stepdad's gonna get a .50 cal silver bullet in 2020 for Christmas; this year, he's getting a 2-oz .308 silver bullet. Last year, I gave him a 1-oz .45 cal. So I'll have him a collection...he loves silver anyway...but I'll have to tell him, "don't be holding out for the 20 mm canon round, that's a 25-oz one" LOL
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17135211? ago
Patriots play the long game here, if it drops then continue buying. They wanted to try and discourage us by dropping price, so don't be fooled. The everything bubble is coming, no way around it. Buy now and plan to hold into 2021. Use the price fixes to your advantage, the banks were not happy so many of us started buying what was supposed to be their insurance policy. I don't think they planned on enough of us buying physical that we would drive price up. Wonder how hard they worked to force the price down. I am dismayed when I see someone who is so desperate to survive they are selling right now.
17144187? ago
Actually, I'd be one of those people myself if I didn't have a good support system that understands my insanity. I'm disabled and put the little bit of cash I had from my settlement into silver at different spots...mainly around $16-$19 when prices came back DOWN years ago. Haven't been back up yet, but I was okay waiting as a LOT of people had wished they were "in that low." Last year I saw a buying op on a spike down on Halloween & had to buy more at $14.30. Freed up even more to buy again at $14.64 so between the junk silver over the years and the more recently-bought 100 oz bars, I'm sitting on close to 1k oz of physical metal.
My biggest conern is what if there's some "debt jubilee?" With my luck, silver would rocket, I'd cash in and pay off all my debts, THEN they have the debt jubilee after lol
17204642? ago
Sorry been so busy and just now seeing your response. I have mulled over the same thing. Hard to believe given projected prices you would need that much silver to pay off all your debts. I am anticipating 130 an ounce on silver and 10k on gold. Planning to hold at least through 2021. I noticed the recent sudden drop. Think this was about trying to discourage people from stacking. You are in a much better position than 95% of the population. Hang in there patriot.
17207986? ago
I'm talking about ALL debts, including my mortgage balance. I'm calculating a minimum of $168 an ounce b/c the last time, silver went up 12.5x and this time it'll be at LEAST that much, IMO.
I went ahead and bought the Christmas presents for this year AND NEXT in silver today, at ! $15.04/oz. I could either wait for slightly lower prices, but in the end, I'd save literally only a few dollars, so better to lock-in on known good prices than wait and wake up to silver up a dollar or something. Stepdad's gonna get a .50 cal silver bullet in 2020 for Christmas; this year, he's getting a 2-oz .308 silver bullet. Last year, I gave him a 1-oz .45 cal. So I'll have him a collection...he loves silver anyway...but I'll have to tell him, "don't be holding out for the 20 mm canon round, that's a 25-oz one" LOL