“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.
My proof is that if you bought at any point under 30 and price hits 30 the highest it’s been in 10 years in my opinion if you have two brain cells to rub together you’re probably going to take at least a little profit which means selling. Yes, That what opinions are for to assert your thoughts for if I had no thoughts I’d have nothing of substance to interject into a conversation. That’s okay, There are people that think Apple is going bankrupt tomorrow and they’re selling. What you think and what you see is just as subjective as the opinion I am asserting since you’re forming conclusions based on the the way you’re interpreting data there is no way to deduce if your conclusion or mine is anymore accurate or wrong however I have tangibly given example of why you’re wrong in my opinion and you have not I may not be right but at least I have a strong enough position which I understand well enough to explain unlike some people who are more or less arm chair economists after looking at 2 financial reports and have a financial advisor and a 401k managed by another person like a true pleb. Further more, You need to bring people into the market dumb money like yourself so when you decided to sell there is somebody on the other side with out dumb money buying your position you have nobody to sell to hence why they’re probably gassing it up because the whales and hedge funds have much larger positions then me and need to actively manipulate and create buyers to liquidate their positions.
For inflation to come into play the money supply needs velocity, and that come from those dollars being turned over. The value of silver or other metals is they have been suppressed below their market value for so many years to prop up the petro dollar (which is no longer used in oil trades in many countries) and that value is only there due to two things, suppression and the barrel of a gun. If the supply dries up, the shorts are forced to sell and the price goes to market, completely different scenario than the GameStop play. The silver squeeze is not a coordinated effort, its middle class workers trying to protect the value of their wealth that's being stolen from them by central banks.
“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.
My proof is that if you bought at any point under 30 and price hits 30 the highest it’s been in 10 years in my opinion if you have two brain cells to rub together you’re probably going to take at least a little profit which means selling. Yes, That what opinions are for to assert your thoughts for if I had no thoughts I’d have nothing of substance to interject into a conversation. That’s okay, There are people that think Apple is going bankrupt tomorrow and they’re selling. What you think and what you see is just as subjective as the opinion I am asserting since you’re forming conclusions based on the the way you’re interpreting data there is no way to deduce if your conclusion or mine is anymore accurate or wrong however I have tangibly given example of why you’re wrong in my opinion and you have not I may not be right but at least I have a strong enough position which I understand well enough to explain unlike some people who are more or less arm chair economists after looking at 2 financial reports and have a financial advisor and a 401k managed by another person like a true pleb. Further more, You need to bring people into the market dumb money like yourself so when you decided to sell there is somebody on the other side with out dumb money buying your position you have nobody to sell to hence why they’re probably gassing it up because the whales and hedge funds have much larger positions then me and need to actively manipulate and create buyers to liquidate their positions.
For inflation to come into play the money supply needs velocity, and that come from those dollars being turned over. The value of silver or other metals is they have been suppressed below their market value for so many years to prop up the petro dollar (which is no longer used in oil trades in many countries) and that value is only there due to two things, suppression and the barrel of a gun. If the supply dries up, the shorts are forced to sell and the price goes to market, completely different scenario than the GameStop play. The silver squeeze is not a coordinated effort, its middle class workers trying to protect the value of their wealth that's being stolen from them by central banks.