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 Replies: 34 / Views: 3,181 |
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Bedrock of the Community
United States
19949 Posts |
Chevy....HANG ON TO THAT SILVER! Look at the 5-10 trends for silver and gold and your worries will vanish. They will both increase in value! We're just seeing a "correction" due to some profit taking and the false hope of a bull stock market.
The stock market is still in bear mode, mark my words, these little run ups are short lived....I play the market everyday it's open, I know a little about how it works.
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Valued Member
United States
178 Posts |
If I had extra money, and I don't since I'm in college. I would bet on silver, but never put more than 10% of your assets in precious metals.
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Pillar of the Community
United States
533 Posts |
The precious metal "bubble," as it is being called, has very little in common with the tech bubble in the late 90's. the biggest differance being that there are some fundamentals behind the current metals markets. The tech bubble was caused by many things, but first and foremost was people buying ideas and hype not solid fundamentals.
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Moderator
 United States
188440 Posts |
quote:
HANG ON TO THAT SILVER!
I agree, it is not the time to panic. I still think long term it is a good place to keep some of your money. quote:
never put more than 10% of your assets in precious metals.
The exact percentage may be argued (not saying I disagree with Bronxman, just making a point), but the wisdom of diversification cannot!  |
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Valued Member
Canada
82 Posts |
silver is at 16.55 right now
gold is at 879.80
Edited by grmike
04/01/2008 11:06 am
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Pillar of the Community
United States
1130 Posts |
I just missed my sell trigger by about $2. Guess I'm just going to hang on to it till the next bump.
I did get some platinum and that's taking a beating too. (uoch)
I'll probably get some more SAEs if silver drops another dollar or two.
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Pillar of the Community
United States
5318 Posts |
Habib- Sorry--I probably overreacted a bit to what was a compliment, so thanks!  I guess I've argued too long with the permabulls on real estate.... Speaking of silver, a lady walked into a friend's shop yesterday who asked to buy five 100 oz. bars of silver. (500 oz.)And those are huge bricks of silver! He had one in stock, and had to call around for the rest. All said, the lady bought them at 17.90/oz. yesterday for a total of $8950. I'm going to watch and see which direction it heads...it looks a little down this morning. 30 day trend:  Edited by KurtS
04/01/2008 1:14 pm
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Valued Member
United States
336 Posts |
i beat you I sold all the sterling silver spoons at the very high in the market!we bought a group of spoons at 90.00 sold it for 257.00 my pockets feal better now!
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Pillar of the Community
United States
1130 Posts |
I'm not going to get too bummed about it. I have about 150 oz of silver in SAEs and 90% and 40% rolls. Some were bought when silver was lower so the net loss is no more than a couple of tankfuls of gas.
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Valued Member
United States
328 Posts |
What seems to be a small drop really hurts when it comes to large amounts of silver, or even just silver ingots. Even a 1 cent increase/decrease can make a difference, so hopefully it goes back up.
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Valued Member
United States
126 Posts |
I wonder what the mint is going to do. Are they gonna stop sales again? I read about how they priced a silver eagle like $4 higher because of the rise in silver, but now they might have to change it...again...
Edited by aweber77
04/02/2008 8:18 pm
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Pillar of the Community
United States
543 Posts |
Silvers over $17 today, hopefully it'll be back at $20 by next Friday.
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Valued Member
United States
58 Posts |
I agree it's just a market correction but the value of the dollar will affect the market in the future.
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Valued Member
United States
61 Posts |
I always hear about gold, silver and platinum. What about copper, nickel and zinc. I'm guessing that even it is used in circulation today, It still would not be considered "precious metals" in the eyes of the stock market. Anyone have any input?
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Pillar of the Community
United States
6326 Posts |
It's ALL a roller coaster ride !@!.......if you're going to play "the market"...then ya just got be quick, sharp, and ready to spring at all times and be ready for valleys of constant disappointment and hills of utter celebration and exuberance............... Or.....you can get various levels of "hoards" of it.......and wait 30 years and have it be an inheritance for your great grand children to enjoy......which do you choose ?....... I choose the latter......so for me ( unless I'm about to purchase some I want it to be low!)...........I sit back and stare at others diving into the "maelstrom" of the precious metals -hourly/daily/weekly/monthly/yearly- market and just shake my head and smile!....  Edited by eaglefoot
04/04/2008 4:13 pm
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Replies: 34 / Views: 3,181 |
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Posted 03/21/2008 4:29 pm
