RE: QUESTION: How much do you have to get to sell your Silver ( Ag )
Great question. I cashed out my 401k a while ago and put it all in Ag.
Since that time I have researched and entered the crypto markets. My understanding of the financial / economic world has evolved as well. I worked on Wall Street for 25 years and saw the belly of the beast up close. I now realize that most of what passes for financial news (mainstream and alt) is a basket of false narratives designed to distract us from what is really going on.
The old ponzi debt based system is slowly (and quickly) dying. But we will not have Armageddon or WWIII. Silver will eventually break out of the manipulation of the Comex ponzi but I can't time it. In the meantime financial asset are fleeing into cryptos and therein lies the greatest opportunity.
For the moment I will hold onto my Ag, but would sell it at today's price if a family member or friend needed it. Maybe that Ag will be 600 / Oz but that will mean that the $ is in hyperinflation (and dying quickly). At the end of the day Ag is just a commodity with a tight knit community of Ag holders who believe in Ag's longevity and inevitable redemption. I don't own enough to use it as collateral and earn a cash flow. I am more interested in building cash flow businesses in the 2 areas that will disintermediate our current paradigm: Blockchain technology and legal cannabis / hemp.
Sorry for the rant. For me it is not the price in $ that matters. It is rather whether I will get a better return from another asset that will determine when I sell my Ag. I would give it all away to a friend if the universe commanded it.
That was a great read, I appreciate your opinion and it shows we both think the same about Silver, except I'm not so fast to give it away, My family is often mean to me because ( I don't know ) all this talk about economy collapse, dying dollar buy silver has them believing I'm less than them.
I mean over 10 years now, so by now I almost hate my family ( often ).
I wish the crash would just happen already so we can just see how people react and recover, I know that's bad, but I'm really sick of waiting. I want to buy some new things - have a nice house and I'm sick of everyone around me living the life I wanted while I sock away the Ag.
If I cried would that convince you better, because I'm so f'ing tired of waiting.
Don't put all your faith in the "Crash" or Ag. These are just 2 possible future scenarios. Live your life the way you envision it after the "Crash" but in this moment. Take some of the Ag and invest it in a sustainable business or the lifestyle that you want now.
Yes, the $ is dying and the old financial system is crumbling and there will be strange repercussions in strange places, but there will be patches and forks and new opportunities. Take advantage of the opportunities and live your life in the moment. We only get a small amount of time at the top of any mountain. It is much more fulfilling to enjoy the climb than be miserable through the toil and then get 5 minutes of joy at the top.