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RE: Buying Silver & Gold......Hold Out

in #steemleo5 years ago

@silverd510 I agree with you, I have lived through this before too ...
One day 60 cents over spot, the next $2.00 over spot and the LCS watches people that stand at the door on closed circuit TV, and will only "buzz"in one customer at a time.😳
These are also very different times, and there is the old saying "Cash Is King"!

I know, I know, now self respecting stacker would say this, but I can tell you my local Bank is now closed.....TODAY!
I had to drive to the next town to find another branch open!
Not Financial advice but ....Stack, and also keep some powder in the keg for the next
volley!!! 😀😇

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I dont have an LCS near me anymord. They all closed down after silver and gold went threw the roof $48 silver made them all rich and they all closed.
I was good friends with one, he wouldnt buy anything as it was going up in price. He was pulling everything out of his personal vault. I know he sold ovef 20,000 ounces in a month. All on stuff he probably paid $8-$10 an ounce for. He probably walked away with over a million dollars in profit.