2011 Stackers

To be honest, I was buying at the peak. But I'm in it for the long haul. I'm waiting for the U.S. dollar to either completely collapse, or like other countries, change the currency a little or just take a zero out, like what Mexico did, except not as many zeros, just one. The way I see it, all currency has an end, or at least needs a major overhaul. I'm guessing now or soon might be a good time.

Yeah, I just got into stacking when silver was at its peak and I did make some purchases. Fortunately for me, though, I was just dipping my toe into the water and didn't bet the farm. Every time silver has dropped since then, though, I have purchased a little more (sometimes more than just a little) and it was always a bit depressing to see the price drop after every purchase. Most of my purchases were when silver was below $33, though, so I feel pretty good now that silver is back up above that mark again.

Of course, part of me is hoping it does drop again so I can buy more without feeling bad about it. I have enough silver to feel comfortable if prices stay at this level or go up, but I'm always happy to have more...

Seeing it coming is a VERY rare event in investing and in buying PMs. There are so many factors that can move the prices up AND down that it is pretty much a matter of luck when anyone does it. Skill vs. luck shows up in repeat-ability. If you can do something well repeatedly, it ain't luck. If it's a 1 or 2 time thing, then luck is responsible for the good fortune.

I did buy a few ozs. when silver was in the low $40s but quit buying for a while after that. I'm in this for the long haul, so buy and hold is it for me. I like to buy the dips in an effort to keep my costs as low as I can.

If you don't sell your silver when its price drops, all you have is a paper loss. It is only when selling below your cost that you convert a paper loss into a real one.

If I want to jump in and out of a market, I use the stock market for that. I know and understand that market better and have done well there.