More silver market frenzy now or with the Hunt Brothers run up?
BLUEJAYWAY
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Seems the Hunts generated more excitement. Thoughts?
Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
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as mentioned in other threads, the inflation adj numbers were much higher then
more frenzy now because a whole lot more players involved.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Sound point. Probably the Internet has furthered it along as well.
A friend told me 40+ years ago to stay away from stores because of the internet. I'm kinda glad I did. Back to silver 🙂
Nobody is buying physical. This is solely paper driven......for now. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
40+ years ago? Pre 1985?? Was your friends name Al Gore by any chance.
RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Somebody who worked wall street actually, best wishes 😉
Agreed.
IMO, no comparison. In 1980, it was certainly a frenzy... silver was in the news daily and seemed everyone wanted it; lots of full page newspaper ads urgently wanting to buy silver and gold, etc.; many outfits set up in hotel rooms to purchase gold silver and coins. The REAL silver, the physical silver.
Now, silver is certainly moving up, but there is no sense of urgency. At least not yet. And, you can buy PHYSICAL silver at or below melt! The rise in price is likely being paper driven, by larger entities like banks and funds, etc., not by the common man in the street. But certainly can change into a frenzy/panic!
Selling physical silver in a spot run up is a difficult lesson for stackers to learn. The more spot rises, the less buyers.
It would take a national shortage type story to get the hotel room buyers engaged or the spot price would have to normalize on the higher shelf (at least a year) given that past run-ups have all been pump and dumps . In the meantime, hold the physical and trade the paper.
Loves me some shiny!
uhm, you got it backwards. Physical price drives paper demand. Physical price determines paper prices. The higher the physical price, the more paper buyers pay.
No Way Out: Stimulus and Money Printing Are the Only Path Left