Silver Bull Market

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(Edited)

"Once a bull market gets under way, and once you reach the point where everybody has made money no matter what system he or she followed, a crowd is attracted into the game..."1 Warren Buffett

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But the bull market might not endure much longer by the time everyone agrees that moment is achieved. In fact, when everyone knows that a market is in a bull market, it is much more likely that the market will approach an inflection point. If attitude changes, there may be a risk that everyone may try to sell and run for the exits.

“The longer the bull market lasts the more severely investors will be affected with amnesia; after five years or so, many people no longer believe that bear markets are possible.”2 Benjamin Graham, the father of value investing

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I can prepare for the next bull market by continuing to purchase silver even when prices are declining, even if it is impossible to predict when one will begin.

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It reduces my average buy-in cost by using a dollar-cost averaging approach, which involves the recurring purchase of silver for a fixed dollar amount.

This eliminates the need for me to "time the market" or decide when to enter the market when it recovers, which is always the case.

Silver Price Chart November 2023 to October 2024

Source
SilverPriceOct24.png

Silver is bought as an investment, just as gold. The price of silver is influenced by many factors, such as inflation, interest rates, monetary policy, and currency market activities, in addition to industrial demand.

In addition to its potential for price growth, silver also serve as a significant hedge against a variety of intergovernmental and economic problems. Silver, like gold, has the ability to act as a hedge against the depreciation of paper money. As fiat currencies tend to depreciate over time, silver is able to preserve its value better, perhaps maintaining purchasing power.

2022 Tokelau Silver $5 Bull & Bear

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I bought this beautiful piece in 2022. It is by far my best buy with the most attractive premium. Its lovely design and very low premium made this coin a great purchase!



Reference

1https://money.cnn.com/magazines/fortune/fortune_archive/1999/11/22/269071/
2 https://mastersinvest.com/bullmarketquotes
https://silverprice.org/silver-price-chart.html


😍#ilikeitalot!😍

Gold and Silver Stacking is not for everyone.
Do your own research!

If you want to learn more, we are here at the Silver Gold Stackers Community. Come join us!

Thank you for stopping by to view this article.

I hope to see you again soon!

Hugs and Kisses 🥰🌺🤙!!!!





I post an article daily. I feature precious metals every other day, and on other days I post articles of general interest. Follow me on my journey to save in silver and gold.

@silversaver888

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ladiesofhive silvergoldstackers appreciator neoxian proofofbrain mycalifornia teamusa brofi silver hive-167922
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You received an upvote of 79% from Precious the Silver Mermaid!

Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!

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I mainly purchase and collect gold and silver as a hobby. I haven't gotten into the profit aspect yet. I posted on on LeoFinance about the state of my current small collection. As you know, last year I purchased one of the 2023 small silver Hive buttons and plan to purchase more silver soon.

Thanks for sharing the roadmap to membership. Take care.

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Stacking silver and gold is a long game! Just go slow (as slow as your budget allows). And consistent and STEADY... if it is once a year, or twice a year, maybe every quarter... what is important is you add to it.

BTW, if you are interested in membership to #sivergoldstackers, just let me know!

!BBH
!LADY
!PIZZA

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Hello. Thanks for your response. Yes, I am interested. 2024 is a bit hectic trying to sort out a few family matters. I'll start fresh in January and ready to go with my HBD savings I will accumulate until year end.

Thanks so much for your support. Take care.

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I'm planning on finally stopping to make some purchases tomorrow. I just hope the store is open and the price of silver doesn't take a jump again between now and then!

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(Edited)

Yay! It's Tuesday (sorry I am a day late in responding... this happens on workdays)! Let us hope that the store is open. They are usually case on Mondays. Looking forward to seeing your haul, @bozz !
!BBH
!LADY

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They were definitely open. Spent less than I planned, but I wasn't able to pick up one of the hand poured pieces I wanted. The smallest they had was 7.5 ounces. The smallest piece they had from BCB was a 3.5 ounce fish.

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I had that round. I gifted it to someone as a present.

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Always a risk people may sell their silver fast, but I doubt it. It feels like everyone is hanging onto their silver right now. You have a great strategy and I might sell some items I don't care about if silver goes nuts, but I prefer keeping most everything!
!BBH

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A bull for the bull time hehe that is good! Nice coin! Well hopefully I have more time before the next pump to gather more metals hehehe
!LOL

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Dollar cost averaging is always a smart strategy @silversaver888 !😇
Rumors are still circulating that BRIC’s is going to use a Gold backed currency…😊

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DCA has always been my strategy... save me the stress! But within the month, I still compare prices and buy the most reasonable ones!
!BBH
!LADY

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I’m hoping for a Silver dip before Christmas @silversaver888 for “Secret Santa” Lol…… but I really don’t think we’re going to get one!😇☺️

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That bull looks very tender compared to the other one's roar hahaha, very similar to reality.
I wish you a happy start to the week

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!LOL, yeah!
I wish you a great start to your week too, @lupega !
!BBH
!LADY

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I really love video games where you go for an deep sea adventuring.
They're just so immersive.
Credit: reddit
@lupega, I sent you an $LOLZ on behalf of silversaver888

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Ms. Saver @silversaver888
It's not all Doom and Gloom............

!LUV
!LADY
!PIZZA

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I seems so strange that the silver price is so primarily dependent on a paper futures price. The manufacturing demand being secondary with actual investment price playing hardly any role in the market. The value of silver is much lower than what the market appears to portray. Over the last few years have been a 200 million oz supply deficit, peak silver production has passed a few years ago and the average silver production is declining. The major silver producer Mexico is considering Nationalizing it's mines. With all this happening and a variety of favorable converging factors will make silver demand and price continue it's trajectory. Silver is still cheap, and I will keep stacking.

Always, with love 🤗🌺❤️
!LADY

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(Edited)

Ms. Ravenhill @kerrislravenhill
Happy Halloween, I am giving you and Ms. Saver @silversaver888
A Jack O Latern because I want to see if it keeps the Pumpkin or if it changes back after Halloween........... Splinterlands Gift for Each of You

image.png
The Lore .............

There is a famous circus camp in the Smoldering Forest of the Burning Lands called The Sirk. It has the boldest daredevils, the most agile acrobats and the most distinguished freaks anywhere in the Splinterlands. These performers are especially well known for their daring games with the most dangerous creatures in the world. They hold staring contests with sabrecats and shut themselves into small boxes with rabid Maglarian wolverines. When it comes to snakes, these daredevils have one rule: Don't mess with a Uraeus.

!LUV

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(Edited)

When you look closely at silver prices, it is investment demand that drives it. Fabrication demand will help, but it is really investment demand.

The real reason is investment demand... and behind that are the economic and political realities that we are all facing globally right now. Fabrication demand is in there, and it is an important factor, but it will not drive the price of silver higher based on fabrication demand. Or that they're running out of metal, or the Comex or London inventories... those things are fantasies!

And if you want to know the wrong reasons and why they are wrong, just think of any one of those that you've been hearing for years... and it hasn't come true. It hasn't happened, and it hasn't yielded unrealistically high silver prices on a sustained basis.

You could believe it if you want, but you can't know that's the way the silver market works... because the silver market does not work that way!

So expect a price spike, and expect the price to come down. Why? Because that is how the silver market works.

There is an enormous amount of silver in the world- refined and yet to be mined. That is fact, and not an opinion.

You can find people who want to believe other things. But they are believing stuff... not knowing it. The data is out there, if they want to know it.

If they don't want to believe it, they can ignore it.

Much !LUV sis🤗🌺❤️
!LADY

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Thanks Sis.

Wow, I may be back next month for my next brain tune-up.😉

I’ve already figured the claim of a monster box worth of silver is destroyed for every Patriot missile fired. I couldn’t find the source information despite a half dozen Stackers making that claim. I think Junius Maltby help put that story to rest.

The claim that Russia was going to create a silver, palladium, platinum, etc. reserve was circulated by at least six or eight Stacking channels but never materialized nor able to find the source document from the Russian Resource ministry.

Got to check, check, check!

🤗🌺❤️

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I am ready for the inevitable bull run.

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!LOL, yes, and so are we!
Keep stacking, @enforcer48 !BBH
!LADY

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Thank you for your witness vote!
Have a !BEER on me!
To Opt-Out of my witness beer program just comment STOP below

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(Edited)

PIZZA!

$PIZZA slices delivered:
@silversaver888(5/15) tipped @elizabethbit
silversaver888 tipped stokjockey
silversaver888 tipped justclickindiva
stokjockey tipped kerrislravenhill
stokjockey tipped elizabethbit

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A beautiful coin, !INDEED

You are so right sis; dollar cost averaging, whether silver, gold, or crypto, is the smartest way to go. Especially if you are in it for the long haul!

Thanks for sharing and have a lovely evening!🤗😘😍🌻 !LADY !LUV !PIMP

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DCA is the way to go, sis! Just like any stock, !LOL
Much !LUV sis 🤗😘😍
!PIZZA
!LADY

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That's really great that you are preparing for the next bull market. Hopefully you got the goal and all peoples are working hard to get this.

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!LOL, like ... always preparing for the next bull run... that's DCA!
!BBH
!!LADY

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That coin is beautiful 😍

The silver and gold has been in a considerable buy since the beginning of this year...

We might already be in the bull market...

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I am glad to have one in my stack they are very nice !DOOK !BBH

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Your coins look to be in good condition. Not beaten and batterred. Their nice to look at and collect 😀

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This coin is called Brilliant Uncirculated: they have never been in circulation, thus retain their original mint luster and detail.
Brilliant Uncirculated coins exhibit a high-quality finish and no wear, typically have sharp, intricate details and a pristine appearance characterized by their lustrous sheen.
!BBH
!LADY

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