I paid 1.50 over spot 10 years ago, Eric Sprott just bought a 30 Million in the PSLV fund. I would go on, but you obviously did not read the link, so SELL, SELL, SELL! It won't be hard right now.
“10 years ago” becuase things don’t change I guess like the strength or weakness of the currency used to purchase said asset. As I would expect you to know that is not uncommon most funds specifically retirment funds and 401ks or even hedge funds have certain allocations in their portfolio almost all of them include paper silver mostly retirment and 401k accounts for obvious reasons and hedges funds usually paper or pslv too. Waiting to buy, I don’t try an catch falling knives I wait for them to drop and then I pick them up I’d be buying rn at the price I sold months ago would be stupid especially if it dropped would be dollar cost averaging down to save my ass and make any money or I’d be bag holding for a long time like a fool.
You are contradicting yourself. The USD had trillions pumped out last year, and trillions more about to flood the economy. These are inflation levels unheard of in the US market. Would not therefore the price of physical silver at least maintain its price relative to the USD, being a fixed value asset?
I am in fact not contradicting myself the USD is also not a fixed value asset if it changes value and finally the people who bought previously with a stronger dollar who have seen profit from price rising in my opinion are now selling that supply will offset a rise in price caused by inflation because by profit taking the money they’re making is currently offsetting the inflation we are currently experiencing. I honestly think you’re grasping at straws to justify your own ineptitude and this point which is beyond clear to me.
"...my opinion are now selling that supply..."
Where is the proof that people are selling or are soon selling this supply of silver? COMEX is fairly clearly showing that people are buying more than selling, otherwise there would not be this talk of a squeeze going on. You are asserting opinions of what you think people are going to do. What we see right now tells a very different story.
I paid 1.50 over spot 10 years ago, Eric Sprott just bought a 30 Million in the PSLV fund. I would go on, but you obviously did not read the link, so SELL, SELL, SELL! It won't be hard right now.
“10 years ago” becuase things don’t change I guess like the strength or weakness of the currency used to purchase said asset. As I would expect you to know that is not uncommon most funds specifically retirment funds and 401ks or even hedge funds have certain allocations in their portfolio almost all of them include paper silver mostly retirment and 401k accounts for obvious reasons and hedges funds usually paper or pslv too. Waiting to buy, I don’t try an catch falling knives I wait for them to drop and then I pick them up I’d be buying rn at the price I sold months ago would be stupid especially if it dropped would be dollar cost averaging down to save my ass and make any money or I’d be bag holding for a long time like a fool.
You are contradicting yourself. The USD had trillions pumped out last year, and trillions more about to flood the economy. These are inflation levels unheard of in the US market. Would not therefore the price of physical silver at least maintain its price relative to the USD, being a fixed value asset?
I am in fact not contradicting myself the USD is also not a fixed value asset if it changes value and finally the people who bought previously with a stronger dollar who have seen profit from price rising in my opinion are now selling that supply will offset a rise in price caused by inflation because by profit taking the money they’re making is currently offsetting the inflation we are currently experiencing. I honestly think you’re grasping at straws to justify your own ineptitude and this point which is beyond clear to me.
"...my opinion are now selling that supply..." Where is the proof that people are selling or are soon selling this supply of silver? COMEX is fairly clearly showing that people are buying more than selling, otherwise there would not be this talk of a squeeze going on. You are asserting opinions of what you think people are going to do. What we see right now tells a very different story.