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SmoggyPluto

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  • Posts

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    United States

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  1. Like
    SmoggyPluto got a reaction from goldmember44 in Silver Monitoring Thread $ (USD) only   
    Hey thanks for the reply! This information is very valuable to me and its much appreciated. I will keep stacking for sure. I do like the idea of just stacking some cash and waiting for a price drop or a great sale. The information I have been given has helped me tremendously. If you look at my current stack you can see how the education I've been receiving from members like you and others has helped educate and point me in the right direction. It was rather overwhelming at first. Tons if information, dealers and shady people peddling fake PMs. Thanks again!
  2. Like
    SmoggyPluto got a reaction from 5huggy in Silver Monitoring Thread $ (USD) only   
    Hey thanks for the reply! This information is very valuable to me and its much appreciated. I will keep stacking for sure. I do like the idea of just stacking some cash and waiting for a price drop or a great sale. The information I have been given has helped me tremendously. If you look at my current stack you can see how the education I've been receiving from members like you and others has helped educate and point me in the right direction. It was rather overwhelming at first. Tons if information, dealers and shady people peddling fake PMs. Thanks again!
  3. Super Like
    SmoggyPluto reacted to MikeInTexas in Silver Monitoring Thread $ (USD) only   
    Exactly. I will continue to buy, but as we get closer to $22.00 USD per troy ounce, I will be taking a very close look, see what happens over a few days or weeks. At $25.00, I will likely be stacking cash, see if a dip takes place, then try to buy into weakness.
  4. Super Like
    SmoggyPluto reacted to DarkChameleon in Silver Monitoring Thread $ (USD) only   
    Compared to previous highs in silver this 18.50 is nothing, its jumping so quick because the market knows it too...so e presume is there to keep it down, market manipulation is rife as we can see often just looking at the live trading charts...China doesn't want to pay $40 and neither does Russia, no buyer does, so they phantom trade or sell in one lump sum to drive the price down then buy back in smaller amounts to get that lump sum back over time, which longer time in trading circles can be an hour compared to selling in a millisecond, add that to phantom trades where they promos to sell then cancel it before it goes through and your massaging the figures, it's illegal here but who is going to prosecute a company in China and Russia who don't give a hoot?.
  5. Thanks
    SmoggyPluto reacted to MikeInTexas in Silver Monitoring Thread $ (USD) only   
    There are a few of us here who have been "stacking" over a long period of time. Some of my stuff, I bought in the 1980's and 1990's when silver was $6.00 to $9.00 per ounce. And even these past few years, with the ups and downs, I paid as high as $22.00 per ounce including premiums. A Dollar Cost Averaging strategy. I have sold very little, and today, the stack gets bigger. I am not stacking silver as an investment. I am stacking to preserve my wealth, against a changing economy. Look into what the price of gold and silver have done in Argentina, as their currency has crumbled because of bad inflation. Look at Venezuela, their currency is garbage. Their Government hates the idea that the citizens are using American dollars in what the govt says is 'black market' trading, but all it really is, is people trying to buy food and necessities. There are even a few old silver coins being used. And we have all seen these past few months.. silver at $14.50, and YES...I did buy at that level.. and even this past Friday, I bought 2019 American Silver Eagles 1oz at $21.50 each. I bought nearly all the 2019's the dealer had in stock, as he was waiting on big boxes to arrive for his customers. When the spot BID/ASK prices in New York City, London, Hong Kong and Australia get above $25.00 United States Dollars (USD) per ounce, I will just set aside some mad cash, should the spot prices drop suddenly. Which is like going shopping, and everything is ON SALE! If the metals do sky rocket, don't panic, wait and see, because you had already been stacking, which is more than the rest of Americans are doing. Some people buy brand new cars and trucks, waisting their capital, and others are stacking gold and silver, preserving their buying power. Something I keep in my mind is, if I had bought a 10 oz bar of silver at say $9.00 per ounce with a premium of $1.50 per ounce over the spot price, and silver later moves to say $18.50 per ounce, and I sell that 10 oz bar for $185.00... now what do I do? Put the cash in a bank, where it does not do anything? Look at history, back in 1979, inflation was at near 18%, home loans were at 12% to 16%, and silver and gold went way up! It was because the dollar was losing its buying power. SmoggyPluto, you are off to a good start! Keep stack'in!
  6. Super Like
    SmoggyPluto reacted to Stu in Silver Monitoring Thread $ (USD) only   
    No one can answer that for sure buddy. My advice would be buy what you can afford as I think silver is still way undervalued at these levels. There's a lot of folks selling some of their physical gold and taking some profit currently. For me I see the bull market has got miles to go and wouldn't sell at this point but what do I know, it could potentially drop significantly again. 
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