@redpillschool Actions speak louder than words. I sold 3 KG physical the weekend before last. Was pretty pissed that the Indian dealers who were open on Saturday stung me way under spot. The Jews had closed for the sabbath. (The Jewish precious metal dealers are a lot fairer in my experience). Not too bothered now though.

I have also ditched about 400 ounces of silver bullion pool on the way up from $50. Still got about 125 ounces left. Kind of hoping it goes back over $100 but in the end if those ounces drop back down and I don't sell, I am chilled as they are more than paid for.

Silver spikes hard once a decade or two. Then you dump it fast. That's been my strategy. Load up when everyone says its junk, smile at them and buy more when you can. Then when it goes parabolic dump it and it won't matter if you time it right or not, you will be winning by miles and only a greedy man gets burnt.

I would not personally buy silver now. Silver is a commodity people occasionally invest in. Its not like gold, which is a source of value in itself. Silver needs to be needed to be valuable and it gets used up, so much speculation goes into it, making it volatile and prone to squeezes, panic buys and opportunism. Smart men can make money in it and smart men can also get badly burnt.

The risk is that there is a big speculation bubble. ETFs have got ordinary folk into it now. These are the people who will pay for everyone else's profit when it tanks. Once it has clearly tanked the speculators will bug out, taking their losses and the price will fall further.

I might short it now, if I had the balls. This could be the top. It could, of course, be the end of the second wave. in hindsight people mark the charts up so wisely but looking forward, I am not smart enough to say.

Personally I will look for the classic Elliot wave market correction, rebound and then the fall back and then load up. If that takes a few years, then cool. A wiser, braver man could no doubt make more another way but I am not all that wise or brave. I am just a blue collar guy who makes money in precious metals in slow burn ways.

As an amusing red pill aside, the cash in the safe from the 3KG is spinning my lady's hamster wheel up. "You say we have no money for a weekend away, Valentines day is coming....I carried those bars in my handbag to the dealer for you..." I keep telling her the cash (my cash from my investment, made while she was highly dubious about precious metals) will stay there till we can use it to have a weekend in the city and buy at least 4 bars back, while we are there, if not 5 or 6.