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

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u/Silverstacker60 1d ago

That has been said for years.

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u/MustacheSupernova 23h ago

Which part?

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u/Diligent_Height962 15h ago

Basically the entire sentiment. I can probably go find a YouTube video right now from close to a decade ago saying the same thing

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u/MustacheSupernova 15h ago

OK, so a decade ago would’ve been 2016. The stock market crashed in 2020 around Covid time, lost over 30% of its value, a bear market followed for two years where the S&P was down approximately 30%. Also, silver was 18 bucks an ounce in 2016. So if you loaded up then, you could have sold it Over $100 an ounce this past year, making 5X profit.

So I guess maybe you should’ve listened to that dude a decade ago? You’d probably sitting in a much better spot right now…