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 Replies: 51 / Views: 5,530 |
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Valued Member
United States
71 Posts |
Quote:LOL, I bought 2 rolls of ASE's two weeks ago for the rock bottom price of $54 each. My average cost is $16 an once but still I loved silver at $50 I'm not liking a 20% decline in 3 days :( You only lose money if you sell now when you're down. Just as you only actually make money when you sell when you're up. Everything else is just details. Stay strong and silver will trend back up. I firmly believe that.  |
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Pillar of the Community
United States
3184 Posts |
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Valued Member
United States
62 Posts |
Just bought 20 1964 Kennedy's last week for slightly below spot...when spot price was $47.94
I'm in it for the loonnnggg haul though so no worries.
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Pillar of the Community
United States
4008 Posts |
Quote:
stay strong stackers! :) Yep. Gird those loins!  |
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Valued Member
United States
487 Posts |
Well, Throwbackid. Cost averaging. I see your point. I am hoping for a big comeback for silver. Do you collect only ASE or are you open to various silver offerings? |
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Pillar of the Community
Mexico
1304 Posts |
Holy smokes! Down to $36.44!
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Pillar of the Community
 1283 Posts |
I was trying to move into Eagles and other collector type coins but I knew I was overpaying yet still did it. I scored two SWEET junk silver deals that put me in the black but that is evaporating. I am also in for the long haul but I do like the buying and selling of silver at live auctions, it is so much fun:) I am going to one tonight and looking forward to seeing what their junk coins go for.
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Pillar of the Community
United States
2541 Posts |
I'm loving this slide since I want to keep buying for the long run. It's my little rainy day fund, and it's fun to buy at the same time!
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Pillar of the Community
United States
797 Posts |
What price do you guys think it will finally slow down at? I know it won't even be stable anytime soon, but are people expecting it to get down into the high $20's? low $20's? Any guesstimate? I am curious whare the slide will taper off at.
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Valued Member
United States
172 Posts |
Guesstimate is the perfect word....everyone has been GUESSING at silver prices everyday since FOREVER! no one has any clue haha everynow and then you will find someone who "knows" what will happen next, but as geardaddy mentioned.....if you bought higher you will only lose if you sell while its still down....keep your nerves straight and look past the fact that silver prices are dropping don't be like all those people that sold their stocks when the stock market plummeted in fear that they'd "lose it all"...everyone who sold at the bottom is kicking themselves because everything has slowly come back up.....keep buying pm's IMO
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Pillar of the Community
United States
4008 Posts |
Quote:
What price do you guys think it will finally slow down at? I know it won't even be stable anytime soon, but are people expecting it to get down into the high $20's? low $20's? Any guesstimate? I am curious whare the slide will taper off at. I was watching a financial program on TV today and they interviewed a commodities investor. He seemed to think that silver would find some support at $33 and hard support at $28. I have no clue as to where silver will go, so will defer to those who follow the market for a living. Not that they are 100% right, of course, but whatever their guesstimate accuracy is will likely be closer to correct than my own. Either of these prices looks good to me. We may well see silver drop into the area between these prices before it heads back up. |
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Pillar of the Community
United States
3670 Posts |
Silver has went back up 56 cents to 35 an some change and gold is back up to 1487, but I am afraid that we might be takin one step forward and two steps back since that Bin Laden news broke.....
Tomorrow will be huge, whether it continues back up, or continues back down to 30 an oz., or further....
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Pillar of the Community
United States
1450 Posts |
As I have said numerous times here,this is a shakeout of the "casino" investors,those looking to make a quick buck and move on. The margin changes have made speculation more expensive so the quick money guys have sold. It may take several weeks to sop up the excess that was dumped but the bottom line is still the same,inflation is here to stay with current monetary policy and after the big sell off in stocks and talk of a double dip in real estate prices,don't look for the Fed to let off of the pedal anytime soon. I will admit,the rapidity of this drop spooked me a little but after hearing the ECB Chairman's comments I felt better. Worldwide the central banks will need to continue to prop up the system with cheap money and as long as that is true,PM's are the only place to be IMHO!
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Pillar of the Community
United States
4008 Posts |
Quote:
Worldwide the central banks will need to continue to prop up the system with cheap money and as long as that is true,PM's are the only place to be IMHO! - Hockingzig They pretty much are stuck with inflating their fiat currencies these days, as there are no other politically acceptable alternatives available to them. Make no mistake here... central bankers ARE politicians and they will "go along to get along". Not since the Volcker days has there been a bull among the steers and cows in this herd. While inflation may seem to be working in the short term, it will be devastating in the long term. Perhaps when a guy is drowning, he is not concerned about maybe getting cancer? Be that as it may, I remain convinced that all fiat currencies do, indeed, devolve into their intrinsic worth at some point... which we all know to be as near zero as to not matter (bought any Zimbabwe currency lately?). History is quite clear on that, yet so many out there don't seem to have read that part of history. |
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Pillar of the Community
United States
2734 Posts |
Edited by DNA
05/06/2011 9:44 pm
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Replies: 51 / Views: 5,530 |
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Posted 05/05/2011 12:16 am
