Silver makes biggest monthly gain in 22 YEARS

Silver is outperforming most other asset classes.

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[bikermatt85]

What I want to know is all you guys that own lots of silver and are waiting for the price to hit $100 WHO ARE YOU GOING TO SELL IT TO?

Everyone will be trying to sell and no one will be buying even if you do find someone willing to buy wait in the line. By the time its your turn the price will drop back down.

You really think bullion companies have endless amounts of money for you all.

once it hit $100 an ounce millions will be trying to sell.

SO PLEASE TELL ME DO YOU HAVE A PLAN?

[stellaconcepts]

:)

The price will get to $100 soley because the demand is greater than the supply.

You must remember, physical silver is limited. Many many billions of dollars chasing a limited (and in silvers case, dwindling) supply.

Gold was $25 an ounce. Did ppl have problem selling it at $100? $200? $300, 400? 500? 600? 700? 800? 900? and now nearly $1000.

[davincij15]

Anyone that purchased silver at $13 down when the 50 day crossed the 200 day moving average is doing very well.

I remember someone on this channel calling me sucker for buying on the way down.

[stellaconcepts]

if anyone on this channel is calling you a sucker for buying silver anywhere near these prices - up or down - they need their head read.

[fox20012]

please god hurry up and get to $100 i want out of this shit hole life

[rytis1]

Gold/Silver ratio keeps melting..It's now at 62.5 Just a month ago was at 70+

[kfrogs13lover]

in zimbabwe local merchants are only accepting small gold pieces for purchases on food, clothes , and other necessary items. We may all be headed to the same problem they have now

[aceyorba]

if silver were at 100 dollars/OZ iam sure i cold Unload every Oz i had for $95 /oz.. supply and demand..

[enkelin32]

Bikermatt, I dont know abuot the rest of these fellows but im buying silver not looking for a trade in at 100 or even 50 but as portfolio insurance against the worst that can happen. I wouldnt want to trade my silver/gold for currency that is obviously collapsing if im getting 100 per oz for it. The next day that $100 could be only worth 50 or 10 in buying power whereas that silver i sold might be worth 200 or 1000. For me it is not a trade but a hedge.

[toogood6996]

people dont sell all at one time.

[mallamoozoo]

Guess who's controlling Australia's monetary policy!

The Reserve Bank Governor, Glenn Stevens, was "Visiting Scholar, Federal Reserve Bank of San Francisco in 1990". So he's been schooled by the Fed!

And the Dpty Governor of the Reserve Bank, Ric Battelino, was a Sloan Fellow (London Business School Executive MBA (Managmnt Masters).

(Other Sloan Fellows were Kofi Annan (a UN Secretary-General) and Carly Fiorina (a top economic advisor to Republican presidential candidate John McCain in 2008.)

[bikermatt85]

i dont think it will be easy to sell where is all that money going to come from?

Say 20 people have 50kg each now thats about 1800 ounces each. At $100 an onunce thats around $175,000 for every person

Now 20 people sell there silver at the same shop on the same day

Thats around 3.5 million in cash in one day from one shop

with only 20 people having 50kgs of silver.

But it will be more like thousands of people and tones of silver

Bullion companys dont have a endles amount of money

[drutter]

bikermatt85, that doesn't make any sense and shows that you don't understand the most simple things about economics.

If something is "worth" a certain rate, in your example 1 oz silver being worth 100 US dollars, that means people are willing to give 100 US dollars for 1 oz of silver. Your question "who will you sell it to?" makes absolutely no sense. That's like saying "when silver hits $15/oz, who will you sell it to?" It something is WORTH X, you can get X for it. Period.

[Peridolin]

Ask the people of Zimbabwe if it is hard to sell gold.

Besides, you are confusing fiat currency with money. Silver is REAL money.

[toogood6996]

i hope he has good security...

[mallamoozoo]

Mate - comment of the year - i just recovered from nearly choking with laughter! Ace!