It this the most beautiful Cup and Saucer ever
and it's for Silver.
This has been a long arduous trip... but could it be at an end? After decades in this formation it appears to have produced a picture perfect technical analysis pattern possibly ready to bust out to the upside. If this tension releases it will be a great surge in prices for this much maligned commodity. And my favorite holding, even through its last 7 year doldrums.
I have been collecting Silver since I was a kid, I am profitable with it due to longevity, but not as profitable as it could be elsewhere. So a new strategy needed to be formed and I think I have it.
Strategy
So if it does indeed break upwards, this is how I plan to take advantage, (but I am on the edge to do this anyway soon no matter where the price goes).
I have loose about 380 ounces that are not in a Treasury Box (some call it a monster box), so with $1.00 premium I can get per ounce at current price it would be $17.33 per coin received. By selling this Silver off and purchasing SALT tokens currently at $3.99 (but with a retail price guarantee on SALT platform of $27.50), that stands for a massive profit to purchase several Treasury Boxes back.
Here is the math:
$17.33 x 380 = $6585.40
$6585.40 / $3.99 = 1,647.40 SALT tokens (apprx)
1647.50 x $27.50 = $45,388.00 SALT Loan potential
$19.33 x 500 = $9,665.00 (Silver buyback with a $3.00 spot on a Treasury Box)
$45,388 / $9,665 = 4.69 (Treasury Boxes)
So if Silver skyrockets
I will make a great deal with this arbitrage of sorts process, if it goes down more, I still would make a huge gain. Now I have discussed this opportunity and arbitrage gains using SALT a few times on this blog. So this post is another one, now I know SALT loans are taking a while to satisfy their demands right now with a back log of 50k - 60k loan requests already in processing. So the timing may be off on all of this, but I will at least have the discounted SALT tokens at a far better price than Silver should climb (if at all) in that time.
- https://steemit.com/cryptocurrency/@kyusho/next-salt-sale
- https://steemit.com/cryptocurrency/@kyusho/salt-revisited
- https://steemit.com/cryptocurrency/@kyusho/arbitrage-201814t52520791z
- https://steemit.com/steemit/@kyusho/i-tripled-my-money-in-one-hour
Shameless Sales Plug - you can use this link to purchase your own SALT
Don't hate on this as we are all here on Steemit to earn... that is why I have added this.
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![](https://steemitimages.com/640x0/https://www.kyusho.com/kyusho-Steemit-tn.jpg)
Image Credit: kimblechartingsolutions, salt, zerohedge
Fabulous one!
I hope you can take advantage of it.
Thanks for the analysis but will love to know more about SALT. Thanks
only hot water? why no soup? with grated cheese! hmm... cheese.
Woo..suprb
If you have collected silver, it can be beneficial for long-term reasons. If not economical, then the new technique should be adopted.
great informative post. Thanks for sharing. I will waiting for your next post.
And please note the Steem rising.... great image.