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RE: Echoes of the 2008 Stock Market Crash and Housing Meltdown? By Gregory Mannarino
Haha - its crazy right, there is no downside to buying silver. It can't go down below production costs.....it has to go up when the stock market turns, The stock market is at an all time high. The stock market has to turn - its a cycle - and silver has to go up. Because its a cycle - Silver has to go higher than $50 - it actually needs to go higher than $110 in the 80's....no downside
NONE
It woyld be very nice to see $110.00. Problem is i dont think there would be much left to buy. Cause once it starts going up people are going to sworm to it.
Yeah if the jump was that rapid the price would just hit no offer because hardly anybody would be selling and we would have to wait it out until silver can be revalued. But hey, at least you have some in your hand!
Silver stackers are the most patient people on the planet!!!
We have no choice. You are right though, we will wait it out.
Aluminum horders have you beat. They're waiting for an entire infrastructurual collapse, followed by a scavenging draught. Only then shall they part with their bars.
They are also chess players. Thinking multiple steps ahead.
Think of it as an insurance policy if anything. Every year you spend money on multiple policies and if nothing happens it's gone. You have no gain and you have to come up with the same amount for next years policy. Precious metals are insurance on your savings/wealth. The thing is you can cash out on every dime that you put in if needed. If things happen like people are saying they will then you could have a big payday too. I don't see a downside to owning the metals at nearly the cost of production....