Image Credit: Warosu.org
Are you ready? Have you stacked some shiny? If the answer is no, it's not too late to get aboard the train...it may have left the station, but it's going slow and the doors are still open.
If the market moves told us one thing last week, it showed us that silver, gold, and other commodities, are VERY volatile. Shocker, right? I know, I know. That isn't anything new. I was happy to see my stock portfolio, heavily weighted in mining stocks, jump by about 10% that day. It dropped a few percent the rest of the week, but in my opinion, the metals market has shown it's hand.
And I'm not the only one who thinks that:
The Daily Coin wrote a great piece that can be viewed here: https://thedailycoin.org/2018/02/15/gold-silver-leaving-station-board/
But in summary, there were two main take-aways:
A typical quote by a banker:
And a great summary by the Daily Coin:
The quote above is probably some of the best support for what I have been saying since late summer 2017 about gold and silver moving, not just higher but, much higher than where they sit today. It doesn’t say when these words were spoken, and it doesn’t really matter, as they held true 100 years ago and will hold true 100 years from today. People will only begin to pay attention when a market is moving. Look at what happened with the cryptocurrencies in 2017. In 2016 you could gathered as many cryptos as you wanted, outside of bitcoin, for $500. Had a person done that, they could probably retire today.
If you have been acquiring gold and silver, especially silver, over the past several years you should be feeling pretty good about now. You live in rarified air. The train has already left the station and as the masses figure it out and attempt to get on board, these two forms of money will move to the upside like people are not used to seeing. The train will be long gone and those of us with a nice stack will have many options before us.
Basically, like I mentioned above, metals prices can move FAST. Like we saw in cryptos at the end of 2017, they went crazy. Unlike cryptos, there are only a FEW precious metals out there. While new Alt coins are introduced every day, we aren't exactly finding new precious metals every day. So you will want to stock up now and beat the crowd. At that point, not only will you be fighting the rising spot price, but premiums will also rise because scarcity of the physical product.
CHOO CHOO
-Randomness
P.S. - Need to learn more? Swing by #steemsilvergold for the latest updates in the Gold/Silver sphere!
Has the Gold and Silver Train Already Left The Station? All Aboard! It is slowly moving, but still possible to get on board.The silver sale is still on. But may not be much longer. Stack now.
BOOM! Exactly right! Get in NOW while the getting is good!
I love gold and silver! Idk if I'll ever sell it I may get entombed in it 😎
Make a nice silver coffin, maybe...with gold inlays?
Bury me with mine 😁
JP Morgan is the single largest “shorter” of silver on the planet. They have had a perfect 100% track record for making A LOT of money by being “correct” about the price of silver. Meanwhile, they have built an ENORMOUS hoard of physical Ag and they continue to stack vigorously. This info is all avail with few mouse clicks.
So, they been making shit tons of money for years hammering the fuck out of the price, all the while accumulating ever more of the physical element at discount prices and anybody, in general, has any questions about what is going to happen next?
Buy it up. Soon (whenever the fuck that is) we will have a pivot... akin to musical chairs... make sure you have a seat — and a bag of popcorn.
PIVOT!!! Well said, @thedamus! I'm looking forward to the day things turn around. But then I'll also be lamenting "I wish silver was as low as $50 again!"
Well see what happens man, I gave up trying to predict or speculate what's going to happen in the metals market and the prices.
I don't predict, but it just makes sense for the prices to go up. The prices haven't really budged, but governments just keep printing, printing, printing.
I wonder if I'm somehow related to crows? Apparently they like shiny things.
Lol. Perhaps you share some genetic markers! You should join our group if it's an interest of yours...
Also, nice seeing ya again...been a little while!
Thank-you! Yes, I have not been as active on Steem as before due to other priorities. Hopefully I will be able to spend more time at curating again in a few months. At least I'm finally a Minnow and have a vote slider so now I can spread my votes a bit farther than 10 per day. With 12 zombie slayers, I required 12 votes each day just for the game alone! This round there are just 9 players, so I have a few extra votes I can use for the contest and curating.
Yes understandable. I still am waiting for my slider to kick in, but all in due time. I just have to earn it. Glad you are back! :-)
I'm giving out 75% up-votes each day to my zombie players, so there is an easy way to earn roughly 15 cents daily. It's not a lot, but it does add up. Of course, the value of Steem will affect the actual pay-out and depending on how much people up-vote me will affect how long it takes for my votes to pay even more. It might be worth your time to play along.
Wow, heck yeah. You're doing really well. My max upvote is worth a shocking 2 cents. Good for you! I'll have to sign back up for the next game! I've seen some of the changes you've made to make things more interesting.
REALLY??? Only 2 cents at rank 50? You must have cashed out or not been converting from SBD to SP effectively. I just finished writing an article about the value of Steem and how it converts. Will post it up later. I could have been 100 SP richer if not for a broken promise.
Yeah, but keep in mind reputation only means someone with higher reputation has been upvoting your posts. I could have a 25 reputation and a whale give me 1% upvote once and bump me up to 35. My payouts haven't been great and I haven't been consistent, though I did power up a bunch of Steem to SP at what would later be a not so great time. No matter, I just need to be consistent and post/curate more
Hey! This is interesting. You might find it interesting to follow my friend @koosjansen on this platform, but mostly outside (google: Koos Jansen). He is a gold-expert and travels the world to talk about it. His predictions are in line with yours and supported by Chinese market data.
Excellent, thanks for the reference! I'll send him a follow!
No worries! He is talking about a gold revolution a lot... And I always get a bit stressed then because I still need to invest as well!
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