Don't Give in to FOMO When Buying Silver

avatar

Silver spot price has been hovering around $75/ounce for a little bit of time now. Some people are still predicting we'll see it climb past $100/ounce. It very well could happen, but don't let that possibility cloud your judgment when making a purchasing decision.

(Source)

I saw this post on the Silverbugs subreddit. Someone dropped over $7500 on silver at Costo. They bought a total of 100 ounces of silver. It's great they can afford that, but hopefully they also took into consideration that the spot price of silver could just as easily drop. A $5 drop in spot price means this person is now at a $500 loss if they were to sell. Hopefully that doesn't happen. If it does, hopefully they're not in a hurry to sell.

Someone who's been stacking a while is used to price fluctuation and likely doesn't care. Someone who's buying silver because of the hype and price action is bound to get burned. It's never fun when that happens. Stacking is a marathon; not a sprint. Stack what you can, when you can, but don't make risky moves that you can't afford to take a loss on.

1000017156.gif

1000033547.jpg
Buy DUO and stake to receive Hive dividends, tip others, have your posts curated, and grow Hive!
https://tribaldex.com/trade/DUO
https://hive-engine.com/trade/DUO




Do you like stacking gold and silver?

Are you new to Hive, or know someone new to Hive, and want help and support?

Have you been on Hive for a while and want to help new Hive members? Join HOC and help us grow Hive and encourage new members!

hive-136819 silvergoldstackers pimp neoxian pob bbh cent alive waivio
0
0
0.000
5 comments
avatar

You received an upvote of 98% from Precious the Silver Mermaid!

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

0
0
0.000
Reply
avatar

Seventy five hundred in a deep buy.

Wow... That's just... Wow😂😭

0
0
0.000
Reply
avatar

Those are some cool looking pieces though...

0
0
0.000
Reply
avatar

I'm sure that person is a silver stacker like us! Otherwise they could be very unhappy with their purchase is prices drop! Silver and gold are real money and always have been, and will be. You can't go wrong by owning too much of either!

!BBH
!PIZZA

0
0
0.000
Reply