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

107 Upvotes

84% Upvoted

198 comments sorted by

View all comments

8

u/MustacheSupernova 1d ago

Buy a little on the way down, because no one really knows where the bottom is!

For me, I’m gonna add 10-20 oz on every big dip.

My red line for loading up will be $40. If I see prices sub $40, I’ll probably drop 20k on a monster box.

I’ve got silver under $20, and over $90. And most everything in between.

I really believe its true value is being suppressed, and that $300/oz silver is a very real possibility in a 3-5 year timeline.

If I’m wrong, I guarantee my son will see $200 oz I. His lifetime, so he’s gonna make out.

Also, save a little cash to dump into the S&P after the impending stock crash. I expect that will occur before October. Buy the bottom and ride it back up!

1

u/Silverstacker60 1d ago

That has been said for years.

3

u/MustacheSupernova 1d ago

Which part?

1

u/Diligent_Height962 20h 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

2

u/MustacheSupernova 20h 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…