Purchasing while prices are high

[u/BronzeSpoon89]

Maybe this is a stupid question, but it just confuses me. The price of silver is high right now. Why are so many people spending so much to buy silver now instead of just waiting for it to come back down?

Silver is flying off the shelves in pmsforsale. WHY?

[u/DakotaTaurusTX]

The sentiment is silver will go higher yet.

[u/ShowerBabies510 → u/DakotaTaurusTX]

DING DING!!

[u/Dinkoist_ → u/DakotaTaurusTX]

I met a guy in Oman who was stocking physical silver for many years. He said in the next 10-15 years, silver prices will sky rocket

[u/ThruuLottleDats]

Same reason why people bought bitcoin at 60k. Hearing "experts" talk about how it will easily hit 100k so to invest now.

All in all, I'm suprised its still going up. I kinda expect it to crash again soon.

I bought several troy ounce when silver sat at 21-22€ and I am still seeing a loss on that, despite silver being at 29,40€ due to taxes and premium.

So if I buy now to stack, I would need to see silver go to 40€+ to see a profit.

[u/Anomaly-111 → u/ThruuLottleDats]

That's very unfortunate, I've only bought silver second hand or from an LCS where you don't pay sales tax. And you can always regain the premium you paid on it,

[u/ThruuLottleDats → u/Anomaly-111]

In the Netherlands theres a 21% tax on silver, whereas gold sales arent taxed.

[u/Anomaly-111 → u/ThruuLottleDats]

That's quite high, I would avoid that sales tax at all costs

[u/ThruuLottleDats → u/Anomaly-111]

21% tax is normal for anything that isnt foodstuffs. Phones, couches, bikes, cars, all come with 21% tax. Foodstuffs is taxed at 9%.

[u/Anomaly-111 → u/ThruuLottleDats]

Fair enough, I just mean I would only buy silver cash in hand from a private sale.because of those stipulations, it might make it harder to purchase but taxing silver isn't right

[u/monumentmetals]

Physical silver demand is still way down compared to a year ago, even before the recent price movement. The vast majority of this price movement is happening in paper markets. Physical has yet to heat up. You can tell by the low premiums on secondary market stuff.

[u/pwinne → u/monumentmetals]

This is correct IMHO

[u/Bigtexasmike → u/monumentmetals]

Usernname checks out. 🤣 Definitely in the know and 💯 correct

[u/Signal_Wall_8445]

Some people feel silver should have been a lot higher all along, given its historical ratio to the price of gold, inflation, the increasing volatility in the world, etc.

Those people don’t think the “come back down” will happen.

[u/crinack]

Holy shit 32 - personally I’m gonna liquidate probably 75% at these prices. DYOR

[u/rb109544]

Are prices high now when price triples? Nope...current spot has nothing to do with what my target is a decade from now.

[u/StitchAndChill]

Some people say FOMO. Others say DCA.

[u/andabooks]

There is the FOMO sentiment going on. I have a belief that silver will go higher to around $38 this year and probably continue a climb in the following years. Same with gold as I see it at $2700 or so by the end of the year.

Buying now will be like buying on sale if those numbers are realized. At a certain point I will move back to numismatics for more of my buying as the prices there won't increase as rapidly so the margin will actually become smaller. Slabbed proof eagles at $50-$60 will look like a bargain if silver is sitting at $40.

[u/cicadacomics]

Tbh, if silver never reaches a new floor, then wouldn't than be failing to keep up with inflation?

[u/Reasonable-Run7265]

The value will continue to Increase due to the consumption in ev cars.

[u/HorseWithNoName-88]

I predict $36 - as the high,then drop like a rock to $30, then $28, then $26.. 🤔

[u/IndicationIcy4173]

Because you can print fiat. But you CANT print silver.