Jonflyfish wrote:Many cheers about the fiat price of silver. But, as they say, if you buy when it is up or down and don't care, then it is a curious exercise.
Would be very curious if the cash was just laying around and buyers were choosing to buy high while leaving cash on the side, so they could buy more later at a higher price. But most of us have to raise cash over time. At least I do. If I'd had last summer the available cumulative cash that I've spent buying over the past 3 months, I would have bought 2x as much at $17.99, instead of the bit that I did then, with what I had at the time.
Jonflyfish wrote:I know many will say up up up and if it goes down that is great too- buy buy buy. However, history shows that big adverse price swings have caused many here to get quite nervous.
Very true. I've found some of that a bit surprising as the changes have been modest and quick, so far.
Jonflyfish wrote:I could only caution those who ARE tied to the price. The pendulum is preparing so swing back the other way and it will stun many.
You can look back and be excited about history, but it is history. There is a big defense building and the markers are aligned for the propensity for rapid price decline.
Perhaps I'll be 100% wrong. Something tells me otherwise.
I will keep your caution in mind. I plan to hold my current physical regardless, for the foreseeable future, but my ETFs I am holding less tightly.
v/r 68Camaro
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
