So for me, I'm holding like an ape right now, in part because getting to my safe right now is such a bitch I can't be arsed. But I wanted to know at what point people here intend to sell.
For me, I'm glad silver broke 50 and seems to be skyrocketing upwards. I want to be sure that I don't do what I did with btc back before the first flash crash and sell it when it's appropriate to do so. Right now the London prices of buying it are through the roof, but they are weak on selling.
However, when I started stacking, it was as a hedge against a major currency collapse, so that I'd have something to trade with long term. Right now, it's feeling like the UK economy is about to tank, but I'm not sure about the timing, and the impact.
What do y'all think wrt this? Hold until there is a currency solvency issue or is that so unlikely it's better to sell sooner, and if so when?
I’m not positive but I have heard from several sources that silver is still way undervalued. Most are saying they expect it to hit at 125 an oz. But who knows for sure?
There are 2 markets a physical silver market and a paper market. The paper market is basically used to keep the price down. Something like 700 paper oz to physical.
Same but not as bad with gold.
I don't remember the exact amounts but it is something like 100X to 1 paper to real. A run on the market could happen if banks wanted physical.
Not just banks. Silver is also used in tech and industrial manufacturing. One of the tech companies places a bulk order for physical. To continue meeting industrial needs. Things will get interesting price and market wise
I've heard it should go to 72x what it was back in 2012, which is a lot higher than that. Think more value than gold at some point based on some speculators out there
Silver was around $30 an ounce in 2012. 72x would be $2160 per ounce. Now we're talking.