| Author |
 Replies: 338 / Views: 21,539 |
|
|
|
Valued Member
United States
272 Posts |
Quote:
It is ideal right now B Wagner at 27.52, which is not a bad buy in point IMO amateur as it may be, and again I am thinking long an short term, lol....
If it is around that or still under thirty I would still pull the trigger, but that is just me and everyone has to chose what to do for themselves, esp on such important choices....
I will keep looking for deals that fit my needs, even after it passes back up over 30 an oz., as the high premium items I got for are never cheap, not even these days.... Looks like I missed my window yesterday waiting on the bank. At least now I have everything ready if silver dropps again. Besides, it gives me something to watch while I'm stuck over here  |
|
Pillar of the Community
United States
667 Posts |
There is never a window. You have to buy in small amounts not one large purchase, unless you are happy with the price.
For example the current price is one of the lowest in a year. It is not a bad price point to buy some. You may want to wait a day or two to see what the market will do then buy some more.
Try to spread out your buys so that you never risk all of your speculation at one set price.
Is today the lowest it will go? I don't know. Will it be higher or lower tomorrow? Again I don't know.
Don't be in a hurry and feel you have to buy. Here is my tip buy some today then wait to see what it does after the weekend.
Now you have a 50-50 chance of getting it cheaper or paying more come next week.
|
|
Valued Member
United States
264 Posts |
I did not lose any sleep about missing the low price of Silver this week. Interest rates are 0.25% now so I can afford to wait for the next two years until Silver reaches a point that I am comfortable with. The recent volatility just purged the market of the day traders and speculators, in my opinion. Next time, the drop should stay low longer.  If silver rockets back up to $50, I'll just buy a safe instead.  |
|
Valued Member
United States
272 Posts |
I agree there is not a set window, just a price I had in mind.
|
|
Pillar of the Community
United States
4008 Posts |
Quote:
Interest rates are 0.25% now so I can afford to wait for the next two years until Silver reaches a point that I am comfortable with. I am curious. What do interest rates have to do with this?  |
|
Valued Member
United States
264 Posts |
@Ed_B Cash savings accounts, non-401K. Left the stock market years ago.
Now a question for you... Wish someone could direct me towards the documents for investing HSA savings accounts in Gold/Silver as well.
|
|
Pillar of the Community
United States
4008 Posts |
@rgathright... a cash savings account is a really poor place to keep money these days. Not that a lot of us have that many choices if we are not investing it somewhere. Interest rates are abysmal and likely to stay there for a while. Like a lot of people, I do not see cash as an investment but rather more of a short-term holding area for cash that will be invested shortly.
The last 3/4 of 2009 and all of 2010 were quite good years in the stock market. 2011 was a so-so year for many of us. I have a number of Vanguard mutual funds that paid 8-10% last year, so at least they kept up with the REAL inflation rate.
Can't help with the HSA at all. They were just coming in as I was retiring, so I never had one and therefore saw no reason to worry about their rules.
|
|
Valued Member
United States
421 Posts |
sweet bag of dollars! I too started to drool! I also love the other purchases you made the cc and the 21 look great!
|
| |
Replies: 338 / Views: 21,539 |
First Page
Previous Page
Posted 12/30/2011 11:38 am
