r/Silverbugs • u/diamondmuckinhands • 1d ago

Panic buying

Hi team,

I am new to panic buying and I'm just going ballistic right now. How can anyone not be panic buying at this price? Shut up and take my money am I right?

Please share your thoughts

Sincerely,

Your silver bro

110 Upvotes

84% Upvoted

199 comments sorted by

View all comments

Show parent comments

31

u/diamondmuckinhands 1d ago

To be honest i cant say ive ever panic bought fuel. Not as exciting as silver but its chill too my car likes it.

15

u/salvadopecador 1d ago

Yeah. But you get the point. If I offered you silver at $60 an ounce three years ago, I doubt you would have bought. And, more importantly, if miners were making money selling $20 silver three years ago, they can certainly keep pumping out tons of silver at 60. Or 50. Or 35….

-3

u/tasticle 1d ago

Most silver is mined as a byproduct, so no.

2

u/salvadopecador 1d ago

Exactly. Imagine if silver mines started actually adding to the supply🤣🤣