2022-09-14 at 1:03 AM UTC
It was $18 something a while ago. $19 is still very good. There is huge risk asymmetry in things like the metals right now, they at the price floor and inventories in storage are declining, while miners can't produce enough to meet demand. In addition, as the result of under-investment and depletion of reserves there is pretty much no new supply coming to meet future demand and address the deficit in production vs demand. At the same time skittish investors have already sold off and shorted the hell out of everything. As a result the prices can't drop very much more, but the price can increase a lot. That sort of risk-asymmetry makes buying a complete no-brainer. There is a huge upside, but almost no downside.
Even if there is a recession coming/here, the conventional wisdom is that recessions are bad for commodity prices, but that's not even necessarily true. Commodity prices sell off going into recessions, as they have done, but during recessions prices do fine. The reason is that even if the economy contracts a few percentage points people still need stuff and still buy things, and even if a lot of people lose their jobs the vast majority of people keep their jobs and continue on just fine.
2022-09-14 at 1:18 AM UTC
Also all the private buying of silver bullion, with the likes of TV clown Max Keiser going on about "buy silver crash JP Morgan" and crap like that, is a sideshow and an insignificant part of the market. What drives things like silver is big commodity traders doing long term hedges and industrial demand for things like solar panels and other things that get made in Chiner, and that demand is only increasing.
2022-09-14 at 8:29 AM UTC
RIPtotse
victim of incest
[my adversative decurved garbo]
Silver and gold are ALWAYS a good investment. Its a long investment though and you shouldnt expect a decent return on the investment unless you wait at least 10 yrs or so imho.
2022-09-14 at 9:30 AM UTC
i bet this goes up a lot no way they ever make more. If you get it buy 2 and i;ll buy it from you, I can't order it in the USA and im too lazyto set up a shipping service intermediate thing
https://www.ebay.com/itm/143946294768
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2022-09-14 at 1:18 PM UTC
Originally posted by Murk Lore
19.74USD
When should I purchase?
Talks of 50 dollars or more has caused a run on silver so why does it drop if there is a demand on it?
It's used in electronics and there is a silver mine boom in Nevada outside of Tonapah/Mina
How far will it's value drop before I invest?
Check thrift stores for silver cutlery and trinkets etc.
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2022-09-14 at 1:43 PM UTC
'check the dump for useful trash'
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