So as far as I can tell this is the beginning of the rise and we’re going to see a huge spike about a year or two from now for a few days after consistently rising prices to eventually a spike maybe like 150 to 180 an ounce. After which it will go down but not to 20 dollars a ounce after 5-6 year
Option two people are freaking out it’s a ton of hype it will peak around 40 to 50 like 2011 and crash to around 25-30 a ounce in a year.
And each of those options im profiting Right in only one of them on my would sell.
How do we know which outcome is possible and when to sell? For me I’ve seen this coming for about three years now and I’m actually surprised I was right I think we could probably have triple digit silver prices in two years or less
Here's my asset breakdown. As the PM's increase in value, I'll be converting them to other asset classes so that I can have regular income streams while retaining the majority of my principal investment into PM.
I'd like to use up less than 50% of what I've stacked such as to be able to pass the estate on and load it up with a diversity of asset classes so that the estate is earning regular dividends outside of PM's.
this chart is a bit deceiving bc all my current stock assets are miners and i just dumped another 6k into miners about 10 min ago.
generally, the rules of wealth are: - don't undermine the principle - learn how to be wealthy, learn the difference between regal restraint and tacky nouveau riche-dom. i can't tell you how many people make this mistake - work on community building and be generous with your time but frugal with your resources. make sure resources that you share are shared wisely.
in terms of 'what price', i don't know exactly bc it really depends when the proportion of my portfolio swells too much into that particular asset class, whether I can get a good asset in exchange and so forth. $1000 an ounce probably. - you will eventually die and you want to live a life where you look back and don't regret anything. make decisions with that old feeble dying man in mind, because he's you.
since you clearly want a number...not until $100 minimum.
Joseph Perry
why deposit it why not just pay with silver
Leo Brooks
when everyone is buying or a massive spike ie. now
Ethan Morales
Because at the value/oz silver would be reevaluated to in order to account for all the value in the modern economy, even a 1/10th oz coin still represents so much value that you'd find it impractical to buy a burrito with it. Having your bank balance be a digital representation of the metal you have vaulted means you can transact in the value equivalent of milligrams of metal in seconds with a debit card, and the bank moves metal between accounts every quarter to square their books. Additionally, your metal 'should' be more secure in an audited vault than in your house, and it relives counterfeit concerns by insuring that anything that got into a vault account was real.
Lincoln Allen
Looking at crypto markets right now, anticipating new ATHs for bitcoin and the like within 18months. All the while metals will be doing the same. And metals being the more important, it's my suspicion bankers and their ilk will be diverting dumb money into equities and cryptocurrency as a diversion from the real important action in metals. If metals are to underpin the new financial order we've been waiting for, don't expect much fanfare. The last thing TPTB would wish is the emergence of an independent metals-holding finance-savvy gentleman farmer-type class of internet-native meme wizards
Caleb Lee
Anything below $450/oz is now considered fud. Keep diamond hands and you will soon be a trillionaire.
To be honest looking at the market and silver volatility In conjunction with hype I think you’re probably right I’m gonna wait a little bit longer and just sell it and convert it to some other investment
Leo Nguyen
>independent metals-holding finance-savvy gentleman farmer-type class of internet-native meme wizards
Somewhere between $35 and $40 I may sell some (preferably trade), but only for other SHTF gear, and food, right now. Ideally I don't ever sell, and 5 generations from now it's a starter seed in several ancestor's safes, with some similar shiny neighbors
Nicholas Lopez
>selling
Logan Kelly
Pleasure to acquaint, fellow future-nobleman
Austin Gray
>he thinks he can cash out silver LoL
Oliver Ward
Do they have the infrastructure needed for that?
Ethan Martin
Maybe at $150 - $200... But if it's gotten to that price then I better buy some real estate or some bullshit like paintings since that type of price would mean some serious inflation. I will never sell everything, but maybe 50 %.
Connor Ross
And here it is, the doubt is already creeping in. Everyone saying to the moon, to the moon! But now we see people wondering if it's a bubble. It will only take one day of losses for people to panic in the other direction and then who knows how far it plummets
Liam James
I hate this meme. I sell it and give it to my grandkids bullshit. That sounds like an eternal meme where it actually has no use. Sure this made sense in 1940 or 1985 when things weren’t in turmoil, but the turmoil is here. That stack your grandfather gave you (the grandkids) will now be bearing its fruit now because it has to bear its fruit at some point.
Silver is the most undervalued asset on planet earth. If you have as little as 200 ounces you’ll be more desirable than Brad Pitt was to high school girls when he was in “A River runs through it.”
You will not have to seek out formerly well to do housewives for blowjobs, they will seek you out and force you to impregnate them.
Jose Johnson
Ideally you want to be swapping for gold when the ratio narrows to 10-1 or lower. Even then I’d only swap about 40% of my silver stack.
I think we have to wait for the deflationary collapse of all asset prices first. If silver shoots up to 200$/oz or something there’s no point in trading it in for fiat to buy a home just to have it collapse in price.
I wouldn’t be doing any trading for dollars aside from small shit you need. You make it once the reset happens.
David Allen
This
Jordan Brooks
My thoughts in terms of price concern the rate at which present USD will be redeemable for future USD. In other words, to what extent the USD will redenominate, at which point we'll more likely know how valuable the precious metals truly are. If, for example, our present USD redenominates at 0.01 new USD ("Benjamins are the new Washingtons"), then metals should proceed at the same rate, as a minimum. Likely higher, collecting a premium as stable transitionary medium
Ethan Rogers
There will be a reset following massive inflation. 99% of people don’t stack silver and gold. So it isn’t like silver goes up a ton and you’ve profited handsomely. Main Street will be melting down with 10$/gas. So it isn’t like your comfy in the sense that you have a good core stack and you can just wake up in the morning and go to a Starbucks drive thru to get a Frappuccino minding your own business. Because chances are there will be roving gangs of niggers raping housewives in the streets.
Cameron Watson
What do you think banks used to be used for? They've always had some degree of Hebrew nonsense, but until very recently they were safe places to hold your valuables. And monthly/quarterly exchanges of physical cash are how banks settle accounts with each other right now, when they don't just do it electronically.
If you're asking how you measure small amounts of weight, then you aren't old enough to post here.
Juan Jones
yes that asset class is a buy at any price and never sell (the metals-holding gentleman farmer)
I have 150oz. Will I be at least Nicolas Cage in Gone in 30 Seconds?
Brody Smith
id stick with the gold to silver ratio method 1-40:1 sell silver or swap for gold 41-70:1 chill or buy whatever is a good deal 70+:1 buy silver
Owen Ortiz
People need to be made aware that Satoshi is Adam Back, the head of Blockstream, and that Bitcoin, and hence crypto in general, was designed to be a scam from the beginning.
