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 Replies: 38 / Views: 3,387 |
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Pillar of the Community
Canada
1723 Posts |
Tittle says it all I guess  |
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Pillar of the Community
 Canada
1723 Posts |
dont worry though, it will rebound tonight as well.  Edited by samsnate
09/23/2012 9:08 pm
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New Member
United States
33 Posts |
Hey, it had to happen sometime :)
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Pillar of the Community
United States
1195 Posts |
come on, get back down there to sub $28 so I can BUY!
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Pillar of the Community
United States
619 Posts |
I'm glad I sold some of my 90% a couple days ago!
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Pillar of the Community
United States
5855 Posts |
Quote:
come on, get back down there to sub $28 so I can BUY!  Although it's kinda sad. At $28 I was waiting for it to go down to $26 before buying anything else... |
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Pillar of the Community
United States
1450 Posts |
You may be waiting a good while if you won't buy till it goes to $26. Looks to me like there is a pretty solid floor at about $30. Better to just buy the dips rather than set prices,you may miss out. I may be wrong and you guys may be right in this crazy volatile world,but I need to keep adding so I will buy any reasonable dip.
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Pillar of the Community
United Kingdom
616 Posts |
Listening to people talk it seems like many here view Silver as a volatility trade instead of a long term value investment. I will need to ponder that.
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Pillar of the Community
United States
1450 Posts |
I am in silver and gold for the long term! With the premiums I have had to pay to get silver,buying and selling makes less sense to me than long term holding. On average,for my total hoard,I have paid just under $20/oz. I could sell and make a nice profit,but I could never buy it back down the road for that price. I plan to hold for at least 4-5 more years unless I need to liquidate for some reason.
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Pillar of the Community
United States
5855 Posts |
Quote:
You may be waiting a good while if you won't buy till it goes to $26. Looks to me like there is a pretty solid floor at about $30. Better to just buy the dips rather than set prices,you may miss out. I may be wrong and you guys may be right in this crazy volatile world,but I need to keep adding so I will buy any reasonable dip. You may very well be right. But I can't help thinking of last year when silver was above $40 and very few people dreamed it would drop to $27 by the end of the year (which it did). Either way, the good news is that I now own enough silver to feel relatively comfortable if it shoots up to $50 and never comes back down. If it drops below $30 I'll probably buy some more, but I no longer feel that I need to keep buying in bulk at every opportunity lest I miss the boat. And in the mean time I'll just keep buying small amounts of collectible silver, like the 5-ounce ATBs and the yearly ASEs. |
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Bedrock of the Community
13014 Posts |
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Listening to people talk it seems like many here view Silver as a volatility trade instead of a long term value investment Its just hard to ignore that fact that over the last 100 years every spike has eventually gone away and its settled back down to 5 dollars. 5 dollar pricing may not come again but its not unreasonable to think it could get back down below 20. We saw a similar spike in the late 70s early 80s and sure enough it eventually went away. Id say its more of a hedge then an investment at these current prices |
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Pillar of the Community
United States
5855 Posts |
Based on past history, here's what I predict the near future will hold....
Sometime before the end of the year, the price of silver will drop below $30 again. I will immediately rush out and make a large purchase (perhaps another monster box, some 100-ounce bars, etc.), based on the fact that my wife has said we should buy a bunch if it drops again. Right after my purchase, silver will then drop at least another $2-3 and my wife will yell at me for not waiting longer. Because of amount of money I just spent I won't buy anything else even though silver is around $27. A few months later, silver will start to take off again and, when it hits $34 my wife will once again tell me that I should buy a bunch if and when it ever drops below $30 again.
Rinse and repeat...
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Bedrock of the Community
13014 Posts |
Lol barry isn't that how it always seems to work out
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Pillar of the Community
United States
1812 Posts |
I'm still waiting for it to hit $50 a ounce so I can unload my "Not-So-Junk" junk silver...
Last year when it almost reached that, I went through most of my silver coins and set some aside... If requested, I could post photos of my "Not-So-Junk" junk silver so you can see what's available at spot (if it should ever go back up)...
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Pillar of the Community
United States
5855 Posts |
Broken-Coin,
The problem is that if silver ever does hit $50, I doubt any of us will actually be buying...
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Bedrock of the Community
13014 Posts |
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I doubt any of us will actually be buying... We wont, but panic buyers and buyers who think itll keep climbing will be |
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Replies: 38 / Views: 3,387 |
Posted 09/23/2012 10:12 pm
