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Originally Posted by HankyPanky
It will fizz out soon enough. Bubbles can go longer than most think, though. Remember a few years ago when oil shot up and people were talking about $200 oil? Then it went down to $30 in just a few months, from well over $100.
All bubbles pop and crash hard.
Oil ≠ Silver
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Originally Posted by HankyPanky
Wow... you are way off. Have you not even studied history?
Have you not studied economics.
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Every single time the public jumps on board any asset it becomes a bubble and will collapse of its own weight..
The public starting to put small amounts of money into an asset does not necessarily indicate a bubble in any particular asset, accordingly the public need not be keenly aware of, or even investment in an asset in order for a "bubble" to form.
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I heard some old lady talking about her friend's silver at lunch the other day. You will get crushed on this in due time. You are supposed to buy these things when nobody wants them, not when every living human is talking about gold or silver.
Buying undesired assets is not always the key to victory.
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Make sure you come back to this thread after you lose your money. Of course, you will tell everyone you got out in time with a nice profit.
Boobies4me is a baller, you are what some (not me though, cause I'm a nice guy) would call a buster.
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I'm not aware of any asset that the public jumped on in history that didn't eventually get crushed, so unless you are privy to information that other mere mortals aren't privy to, then you better be prepared to get slaughtered.
Do you understand why we saw similar gains in Cotton, Palladium, Coffee, Corn, Wheat, Oats, Soybeans and Copper?
You aren't privy to anything why would I worry about the public putting small amounts of capital into silver when it will only make my silver more valuable and I can out-think the average dumb a** so it would, theoretically become easier than trading a trend in the equity market as more random bozos get in (as opposed to competing with a higher level of seasoned traders).
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There are silver threads on forums everywhere. Nobody was talking about silver when the price was $4. You should have bought then.
The last time silver was available at $4 was September 1993, which was not when you should have bought, it is obvious there have been much better entry points than that. You know jack.