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 Replies: 51 / Views: 5,003 |
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Pillar of the Community
United States
505 Posts |
People have to understand,Silver and gold are like running up the side of a mountain...every now and then you have to stop and rest before continuing on!!
Ive been investing for many years and have yet to see anything go straight up without taking a few steps back at some point!!
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Pillar of the Community
United States
4008 Posts |
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Ive been investing for many years and have yet to see anything go straight up without taking a few steps back at some point! - Frazzle
I agree. I also have invested for many years but have seen a few investments that went virtually straight up... and they came down exactly the same way, usually with a huge SPLAT! at the end of the run. Sun Microsystems was such a stock and a classic reason not to simply buy and hold, or as some now say, buy and hope. It went from $4 to $105 and back to $4 again. Anyone who invested in it and knew what a "trailing stop" was made a fortune in it. Others who bought in on the way up and held it lost their shirts. |
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Pillar of the Community
 United States
642 Posts |
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Valued Member
United States
361 Posts |
For once I made a decent decision not to buy after it hit $40.00. Lots of people kept saying $50.00 was around the corner. Question is now when to start buying again? What is the consensus out there? Anyone think now is the time or are people waiting a bit to see where it goes tomorrow?
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Pillar of the Community
United States
1817 Posts |
$26-$30. Already poked a hole under $35/, so it is getting there. Hopefully it will stabilize at $25/oz. or so, which is where it should have been all along. Some people made a killing in this latest run up, other people got killed. I stopped buying past $30/ and 90% past $36/oz. It was just a market too good to be true, someone was manipulating the prices for their own gain. It'll be nice to have a selection of coins and bullion rounds to choose from again, now that investors have moved off of PMs to the next hot buying arena. Good riddance I say, and keep the PM markets calm and quiet at least for the next few months. Those bull investors will be back, no doubt about that.
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Valued Member
United States
301 Posts |
It's good to see Silver cooling off. Sure, my stash is not worth what it once was, but I don't care - I wasn't selling it anyhow. I love having the silvery metal, but $48.00 was too steep for me. It's down to $34.67 right now, and I hope it keeps going down!  I want more silver, but don't want to pay too much. $25/oz would get me out of the house and back at the dealer buying. |
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Pillar of the Community
United States
3592 Posts |
Yeah, let's hope all coins become worthless so I can afford a set of everything |
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Pillar of the Community
United States
3540 Posts |
I did buy the Hot Springs bullion ATB. Have missed so many of the once in a lifetime items from the mint, that I had to buy that one. Hopefully, the low mintage will keep the price up. Bought two ASE's at 45 each shipped last week. Other than that, did not buy....yet. Still looking at a Gettysburg & Glacier ATB....or just the Glacier. Will see what silver does tomorrow. |
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Rest in Peace
United States
9104 Posts |
One of our customers worked for the department of transportation. He got permission to take the silver contacts out of decommissioned traffic signal relays.
He'd spend his lunch hours with a hammer and chisel, knocking the contacts off the ends of the switches. IIRC, they were 80%, and roughly as big as two stacked quarters.
It wouldn't pay to have someone doing it on company time, but if he could get $5 worth a day, it made for a nice chunk of vacation or Christmas money.
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Rest in Peace
United States
9104 Posts |
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Why can't the national debts across all nations be cross cancelled? That's not how it works, mainly because we owe far more to other countries than they owe us. Take the simplest example, US savings bonds. You lend the gubmint $50 and get a bond that pays interest until it gives you $100 upon maturity. That $100 is part of the US debt, but has nothing to do with any other nations, it's money owed to citizens. Treasury bonds and notes can also be sold to citizens, with the same results. Recently, other gubmints, notably the Chinese, have been taking the USD we have been buying stuff from Toyautos to Mal-Wart trinkets with, and buying treasury notes and bonds, meaning they'll have USD plus interest instead of just USD. Since we have been a net buyer for decades, we don't have comparable bonds issued by China, so there's nothing to cross-cancel. |
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Valued Member
United States
314 Posts |
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now that investors have moved off of PMs to the next hot buying arena. 1)....Investors have not moved from Pms. Weak hands have. You saw a concerted effort to make people afraid of Precious metals instead of the junk Fiat dollar. Let's take George Soros announcing he was selling for example. Big(Smart) money does not announce what they are doing, unless there is an agenda behind it. It's well known he was a big contributor to this last fall. Don't think for a second he wasn't loaded up on shares of ZSL before he announced his big sell off, and profited on the sales, and profited more on the rise of ZSL as a result. These guys buy a little at a time as to not move the markets sharply up, then slaughter you when it's time. I would also wager his resulting profits are snatching up the cheaper physical silver as we speak. A perfect profit cycle from someone who has enough money to move the market in their favor. 2).... There is currently no next hot buying arena. It is a known fact, worldwide demand for actual silver and gold are very high, no matter what the money grubbing paper traders try to tell you it's worth. Major money moved the market. Panic Selling induces more panic selling. Buy the dips, I added 100 more ozs of the shiny this weekend. Red Light Special on Aisle 2!   |
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Pillar of the Community
United States
1150 Posts |
I am fascinated by those people who are sitting on the sidelines waiting for the silver 'bubble' to pop.
Eventually silver will drop in value relative to the currently worthless 'dollar.' However, until that time, those who are too scared to jump in are not gaining anything while they await that moment when they can cheer and finally be proven right, that the bubble has popped. And when will that be? One year from now? Fifty? How much wealth preservation or profit will you have missed out on? It is all about timing.
And as for me, I am not a speculator or an investor. I am merely protecting the product of my labor with a tangible asset.
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Pillar of the Community
United States
642 Posts |
I do both mitchhailey. I put what I can in real assets, but wait for the crazy speculators to give me a better time to buy. Don't get me wrong, I think right now is a good time, last week was a good time, pretty much anytime is a good time to put your fake 'monopoly' money from the Fed into gold or silver. I just wait for a better time so my fake money buys me more real money when I head to the store.  |
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Pillar of the Community
United States
1150 Posts |
Oh...ok.
This is what happens when reading typed words...sometimes you can't really tell where someone is coming from. lol
I figured you were totally anti-silver. Not that there would be anything wrong if you were, that is anyones perogative.
I was talking to my coin dealer about this the other day. I don't understand how we've come to a place where we trade pieces of paper for real, hard goods and assets. His response to me was that "It works." I understand that too, I guess. But it only works until the government starts messing with with the money supply. And in this electronic age they don't even have to print the paper! Which is really what is going on right now...the only restriction on 'printing' our dollar is the US governments' computers CPUs ability to create limitless numbers in a given data system. That isn't very comforting!
I'll take gold and silver over any number in a computer any day.
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Pillar of the Community
United States
1348 Posts |
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Replies: 51 / Views: 5,003 |
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Posted 04/13/2011 7:22 pm
