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 Replies: 8 / Views: 1,334 |
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Valued Member
United States
223 Posts |
At this point I really don't care which way silver goes. I'm just getting tired of watching it move around the $34 area. Goes lower and I've got money on the sidelines waiting to buy. Goes higher and I'll sell some to finance a new gun.
I just want it to make up its mind and move. I thought with the run up to $34 it was going in clear direction. Now I think it is just stalled out.
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Pillar of the Community
United States
7840 Posts |
PM's are probably going to be teeter back and forth up until the Presidential Election...then plummet or skyrocket...IMO.  Edited by oih82w8
10/12/2012 2:56 pm
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Pillar of the Community
United States
667 Posts |
This is what a commodity market does. Remember you can not look at PM's as an investment tool because they really are not. It is speculation vs investment.
Buy today and it can go to $20 or $40. Buy a week from today and it can go to $20 or $40.
The only thing I can ever guarantee is that at one point in time after you buy you will be below what you put in.
I buy speculating that it will never fall but even I don't expect that will hold true for ever.
So get use the the flux, stalling and wild movements it is normal for this commodity.
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Pillar of the Community
United States
5862 Posts |
I'm the same way. Let it go up so I can feel good about the purchases I've already made or let it go down so I can feel good about making more purchases.
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Pillar of the Community
United States
1436 Posts |
 . That is a wonderful way of looking at it... the glass is always half-full no matter the situation. Thanks! |
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Pillar of the Community
United States
4008 Posts |
Quote:
Let it go up so I can feel good about the purchases I've already made or let it go down so I can feel good about making more purchases. Remember, friends, this is not just about feeling good but about BEING good financially. Silver and gold make great stores of wealth for the long term. They do well at being immune to the bulk of inflation. Yes, their prices do seem to jump around quite a bit but that's normal for commodities. The best part is that these commodities are MONEY and have been for a very long time. It is likely that they will continue to be valuable in spite of the current economic and financial flopping and kicking the western world is now doing. Quote:
The only thing I can ever guarantee is that at one point in time after you buy you will be below what you put in. Yes and it is virtually certain that at a different point, we will all be above what we put in. This coin definitely has 2 sides to it and we can all look at it as a half-full or a half-empty glass. Like most on here, I prefer the half-full glass.  |
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Pillar of the Community
United States
863 Posts |
I agree, I want to buy some more !!! Maybe next summer ill get my chance
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Pillar of the Community
United States
2661 Posts |
Quote:
I'm the same way. Let it go up so I can feel good about the purchases I've already made or let it go down so I can feel good about making more purchases. I stop buying between $30 & $31 and just hold what I want to keep and sell the beat up 1964 and 40% halves I get for face value and hold onto that money until silver pulls back again, or go on a deep sea fishing trip if the fish are biting good.  |
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Pillar of the Community
United States
1200 Posts |
Any time the short-term tennis match effect gets annoying, go to the "charts & data" area of the Kitco website and pull up one of those long-term (my favorite is 1985-2012) silver value charts and spend a little quiet time contemplating the long-term "big picture." I don't think it's possible to find significant and lasting progress or encouragement in the hour-to-hour or minute-to-minute tennis match. Those long-term graphs are one of the few (comparatively) reassuring things in my otherwise decidedly unreassuring world.
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Replies: 8 / Views: 1,334 |
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Posted 10/12/2012 3:08 pm
