Silver is headed in the right direction, but I will sell when it does a huge spike somewhere between $75-$100 aussie an ounce.
At first, I bought silver as I no longer trusted the government and financial system. I wanted off the grid, but now own silver because of a high probability of a crisis. I believe it could be bank bail-ins leading to bank runs, or non redemptions from REITs, or like back in 1980 a situation again with Iran.
The last two silver spikes were from crisises; 1980 was both from the Hunt Brothers and the Iranian revolution with 66 US hostages situation, whilst in 2011 the crisis was from the Japanese earthquake and Fukushima nuclear incident, affecting the yen carry trade and the world's second largest economy.
https://www.britannica.com/event/Iran-hostage-crisis
Silver is headed in the right direction, but I will sell when it...
-
- There are more pages in this discussion • 79 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KCN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.59 |
Change
-0.080(4.79%) |
Mkt cap ! $411.1M | |||
| Open | High | Low | Value | Volume |
| $1.65 | $1.65 | $1.58 | $393.7K | 246.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 3646 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 6332 | 9 |
View Market Depth
| Last trade - 15.22pm 24/06/2024 (20 minute delay) ? |
| KCN (ASX) Chart |