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 Replies: 62 / Views: 9,372 |
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Pillar of the Community
United States
1119 Posts |
Buy on thee down trend or the up swing, what does it matter when the actual price paid is the same?
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Valued Member
Canada
312 Posts |
I've been holding back but still dipping here and there ...picked up 5 silver maples and a 10 oz Gieger bar yesterday....just abit to scratch the itch.
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Bedrock of the Community
 United States
12819 Posts |
There's also the cost averaging theory. As the price goes down, you can buy more silver with (approximately) the same amount of money. I like buying on the downtick.
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Pillar of the Community
United States
4333 Posts |
I freed up a lot of cash by not buying at $30, $25, $20 and $17.
Twelve is my target, but even then I may wait.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Bedrock of the Community
United States
12819 Posts |
Ah the waiting game... impossible to know exactly when a commodity will bottom out. But you are still on the right side of it.  |
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Pillar of the Community
 United States
3789 Posts |
Dollar cost averaging is the kiss of death and just buries someone buying a declining asset deeper underwater, and it is even more deadly with a commodity that does not pay you a dividend, has no market support from those that buy "value" and the only metric to judge a commodity is by supply and demand.
As I have said, if you loved silver at 30, why not load up at 20? If 20 was a great deal, surely 15 is a super deal and so on.....
what happens tho as one is getting deeper and deeper in losses. Then the mental/emotional head games start. "Well, maybe I should wait. But I already bought... I will hold off". So then the mind gets indecisive. When the times that one should be buying, one will be burnt out from seeing the price slide and being burned each time and when it is the time to buy, it will be the human mind that says "nawww, it will go lower again."
Finally, these downtrends go much farther than anyone things possible and last longer than anyone thinks possible. No one has all the money in the world to be buying a declining asset.
It is possible to be on the right side of where a commodity or any financial asset for that matter, by following price.
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Pillar of the Community
United States
5826 Posts |
 with Yup, I for one bought silver when it was low. $5 oz. I bought silver when it was high. $40 oz. If I average out, I believe I am still under water, because it hasn't generate any dividends. Now I cherry pick "junk silver" for numismatic value. |
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Pillar of the Community
United States
3789 Posts |
I have repeated this before but I prefer to buy on the way up, add to something and then stop.
With gold I was buying at 440s, 550s, and finally added 720s and then I stopped. I did all this while gold rose and because I am a LONG TERM trend trader, I followed price and allowed it run its course.
I did not make predictions about how high or whether it was "overbought" (which means NOTHING, no such thing). Imagine if I had listened to some fool hardy person who said back in gold long uptrend that "on its way too high, its gone way up too much at 500".... and yet I Was adding and adding until I had my full position established and then I let it run.
I have done this and always do this, sell on the way down, buy on the way up. This established method goes back over a 100 years now and never in a hundred years plus has averaging down worked or buying a declining asset at yearly lows.
The FEW that buy declining assets from within the financials are those who are privy to inside information and thats it, but more often than not, its the insiders selling FIRST and getting OUT, leaving the unsuspecting public to load up. So unless you have some inside track or insider information, count on losing money on buying a declining asset.
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Valued Member
United States
311 Posts |
So, I guess I look at this from a totally different perspective than the rest of you... everyone here seems to be addressing this as a supplement to their 401K's... I tend to take a much more drastic approach to the whole situation. I am assuming that in the next 10 years or less, we are going to see a complete crash in our society. There won't be an economic decline, it will be a collapse. ok so I am spouting doom and gloom I got it... but we are spending more than we can repay as a country... and we keep printing more and more dollars with nothing to back them except for debt! So I buy silver and gold... yes I save in a retirement account and in savings accounts too, but I make sure that I have a solid, tangible system to pay or trade for goods in the future... and I buy it all as cheap as I can, and I will continue to buy until it gets down into the prices we saw in the 80's... I will stockpile it... I will wait... and some day you will pry the wall boards and floor boards out of my house or crack my safe, and they will name this hoard of coins after me... or I will be right and everyone that has laughed at me or called me a "dooms day" whatever will find out I was right...
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Pillar of the Community
United States
4333 Posts |
Uh, whatdyu mean we>?
And then, if it's worth as much as a paper weight, then what?
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
311 Posts |
Fistfulladirt - the "we" was referring to governmental spending not personal spending... Personal credit spending will never bring this country to its knees like the national debt will... You should watch the national debt tally turn some day... There is a website for it... It will make you want to throw up! http://www.usdebtclock.org |
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Bedrock of the Community
United States
10982 Posts |
Ironic how anything can be made into a case for "more profit". It's like there's nothing else in life and is sad commentary on our society. I've always had way more than I need or probably deserve. This is a PM forum and I assume many enjoy PMs for their own reasons. Whatever they may be.
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Pillar of the Community
United States
2130 Posts |
I usually try to stay quiet on these types of topics because you can go back and forth all day everyday and really get no where. Everybody has their reason for thinking what they think.
However, BH1964 brought up a very good point. I too have more than I probably deserve. I "collect" PM's because I enjoy them, not because I am expecting them to fund my retirement for 25-30 years or make a huge ROI. I try to buy a roll of silver eagles every year. Maybe and ounce of gold if it is a good year. I could care less if I paid $375 for a roll last year and $325 this year. The way I see it is if I all of a sudden truly needed to sell for cash in this example I would be out give or take $50. If I left that $375 in my checking account it would have probably been blown on a new shirt, nice steak dinner, etc., etc. and I would have nothing to show for it. Atleast with the roll of eagles I have something of cash value with the "chance" of it appreciating from the time I bought it. You can't say this about a lot of other hobbies out there.
Enjoy this hobby...don't let it stress you out.
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Valued Member
United States
311 Posts |
Connor - sometimes I wish there was a "like" button on the forum. That is a very good perspective on saving/collecting PMs
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Bedrock of the Community
United States
11951 Posts |
There seems to be a difference of opinion, on buying silver as a investment
and buying to accumulate silver.
I am not sure if the investor quite understands the accumulator.
For me it is that, I like the thought of having a big pile of silver.
And there is also the thought that it is sort of insurance in case
something bad happens in the world or in my life.
With this type of thinking it does not matter if it is trending up or down.
I have one family member that has been buying silver for 50 years.
Bought a lot when it was in the $3.00 per oz. range. I know he has
many thousands of ounces of silver. And he never thinks about selling.
He is still buying ... He is well into his 80's
I am with the group that buys often .. And I will continue to buy.
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Replies: 62 / Views: 9,372 |
First Page
Posted 01/26/2016 10:27 pm
