Gold Is About To Plummet! - Page 2 - Coin Community Forum

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Author	Replies: 23 / Views: 2,807	Page: of 2

traevin Pillar of the Community United States 1454 Posts	Posted 05/14/2012 7:46 pm Quote: Barry and Bruce... I want to thank you guys for being the canaries in the PM coal mine. You just don't know how incredibly valuable you guys are to the rest of us! That's harsh, Ed. LOL. But the good news for you guys, and the rest of us, is that we KNOW PMs will surpass the paltry prices we see today. You never truly lose unless you sell low. Report this Post to the Staff
tripncoins Pillar of the Community United States 648 Posts	Posted 05/14/2012 8:56 pm If silver drops below $25....well..at least do it before I go to the coin show this weekend!!!!!! Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 05/14/2012 9:25 pm Silver will have to drop below about $9 for me to loose any value on the bullion content of my (numismatic) collection. Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 05/15/2012 5:52 pm Quote: That's harsh, Ed. LOL. But the good news for you guys, and the rest of us, is that we KNOW PMs will surpass the paltry prices we see today. You never truly lose unless you sell low. Hey, they are the guys who are saying that PMs always go down in price AFTER they buy. I'm just saying that there ARE some benefits to their noble sacrifice. Selling low is not good, whether it is PMs or some paper investment. This should remind us all that money invested in PMs should be long-term money that can be held for a long time just in case the PM market stalls out on us. I don't expect that but it has happened before. Report this Post to the Staff
Tim Stroud Pillar of the Community United States 2661 Posts	Posted 05/15/2012 5:59 pm Quote: Selling low is not good, whether it is PMs or some paper investment. This should remind us all that money invested in PMs should be long-term money that can be held for a long time just in case the PM market stalls out on us. I don't expect that but it has happened before. For my benefit I hope it goes (silver)to around $15 and stays there for 3-5 years so that I can re-accelerate my buying of bullion again. I slow my buying when it hits $25 in order to preserve my profit potentials. Report this Post to the Staff
barryg Pillar of the Community United States 5855 Posts	Posted 05/15/2012 6:05 pm Yep, I'm definitely in it for the long haul (assuming no emergencies that require immediate liquidation of funds). The thing is, though, that I'm betting on PMs being worth significantly more in 20 years, and that's by no means a sure thing. If PMs are at their current level in 20 years or, heaven forbid, significantly lower, I'm really going to feel really bad about all the silver I bought at $35 and $31 when I could have waited a month or so and bought it at $27 instead. Worse, my wife is going to make me feel really bad about it... Expanded Digital U.S. Type Set Album \| Dansco 8100 (Lincon Cents) Album \| Digital Proof Type Set \| Digital U.S. Currency Type Set \| Foreign Bullion Coins Report this Post to the Staff
traevin Pillar of the Community United States 1454 Posts	Posted 05/15/2012 6:50 pm Quote: For my benefit I hope it goes (silver)to around $15 and stays there for 3-5 years so that I can re-accelerate my buying of bullion again. I slow my buying when it hits $25 in order to preserve my profit potentials. Tim, You and I are of a single mind on that issue. Silver above $25 is hard to digest for me. Report this Post to the Staff
Silverhawk74 Pillar of the Community United States 3670 Posts	Posted 05/16/2012 12:02 am I am with Ed, as I am hangin out deep in the coal mine until the canary dies, then I am headed topside fast if still possible, rof..... Report this Post to the Staff
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