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paulthepunk

Phase 3 About To Begin?

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Hi all,

When (If?!) the uptrend begins again, will we be in phase three of the "Bubble"? Discuss.....

Regards,

Paul.

If you look at a five year chart for gold, nothing significant has happened.

Silver is a different story but there was plenty of warning that silver was likely to correct sharply.

My answer to your question is: no.

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I think this has been long overdue and is very healthy for silver as it was getting a bit crazy.

A few months of consoladation would make me very happy before the next leg up.

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Price of silver during Weirmar republic.

This is interesting. Silver crashed from 84 Marks to 60 Marks before skyrocketing to 543,750,000,000 Marks.

DATE SILVER

Jan-19 12

May-19 17

Sep-19 31

Jan-20 84

May-20 60

Sep-21 80

Jan-22 249

May-22 375

Sep-22 1,899

Jan-23 23,277

May-23 44,397

5-Jun-23 80,953

3-Jul-23 207,239

7-Aug-23 4,273,874

4-Sep-23 16,839,937

2-Oct-23 414,484,000

9-Oct-23 1,554,309,000

16-Oct-23 5,319,567,000

23-Oct-23 7,253,460,000

30-Oct-23 8,419,200,000

5-Nov-23 54,375,000,000

13-Nov-23 108,750,000,000

30-Nov-23 543,750,000,000

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Price of silver during Weirmar republic.

This is interesting. Silver crashed from 84 Marks to 60 Marks before skyrocketing to 543,750,000,000 Marks.

DATE SILVER

Jan-19 12

May-19 17

Sep-19 31

Jan-20 84

May-20 60

Sep-21 80

Jan-22 249

May-22 375

Sep-22 1,899

Jan-23 23,277

May-23 44,397

5-Jun-23 80,953

3-Jul-23 207,239

7-Aug-23 4,273,874

4-Sep-23 16,839,937

2-Oct-23 414,484,000

9-Oct-23 1,554,309,000

16-Oct-23 5,319,567,000

23-Oct-23 7,253,460,000

30-Oct-23 8,419,200,000

5-Nov-23 54,375,000,000

13-Nov-23 108,750,000,000

30-Nov-23 543,750,000,000

Would be interesting to see what silver's purchasing power was at the same time..

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Would be interesting to see what silver's purchasing power was at the same time..

Of course that is important, as it is real increases that count, not nominal ones. Even if it didn't increase 1 mark in real terms and only held its real value, it was a damn sight better bet than paper (and still would have been if it'd lost 99% of it's value - at least it would have been worth more than nothing)! :ph34r:

Edited by General Congreve

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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