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Why do people say that people are selling their silver at these levels to pay bills or out of necessity?
I do believe this is the case but only a low percentage are doing it for that reason. Someone here recently posted that people were lining up at the LCS yesterday to sell their silver at this price. They said that there was 30 people in the line waiting to sell when normally there is about 2 people at a time. If people really had to sell out of necessity, it's an odd coincidence that they are selling at these decade long highs...I think the majority just want to park their money elsewhere as they think silver will go back down. They probably have been burned so many times that they take good profits when they see them.
I'm ready for my downvotes...Please let me know what you think
People are stupid by nature and don’t have faith in the long term potential.
They’ve been but hurt from the last decade. When I unloaded my position in 2011 every Tom, Dick and Harry was bullish and the price TRIPLED 6-12 months before the peak.
Also - some of the people who purchased at the highs back then might be unloading.
We take off like a rocket once we clear $50. All of the nervous nellies will have sold by then.
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