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 Replies: 17 / Views: 2,659 |
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Valued Member
United States
385 Posts |
Hi, over the years that I've invested in silver, I always recall the purpose that I collect it which is to sell and turn a profit. With all of the advertisements and news media coverage, many people know about silver which is isn't really a precious metal that its advertised as. I keep noticing the words "investment, fiat currency, physical" over and over and there's nothing to silver other than being an alternative to money.
My plan is to sell when a large percentage of high schoolers start collecting silver since they are the most vulnerable to trends lol (at least I put it that way). Now, this is when the spike in the prices of silver will occur.
What do you guys think?
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Pillar of the Community
United States
3789 Posts |
Well... I think you are going to be waiting for a bit for the spike to happen. Furthermore, by the time the news media prints about it, its usually old and the trend is over and it will take something else for the trend to continue.
at this point, silver is in a downtrend until the market decides its priced in the upcoming economic enviroment.
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Pillar of the Community
United States
2189 Posts |
How will you know when high schoolers start collecting silver?
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Pillar of the Community
United States
2543 Posts |
How many precious metal millionaires do you know ? PM's are not like tech stocks, the latest greatest new idea is not going to make any if us over night PM millionaires .
You buy an ounce of silver for $30 hold on to it for 5 years and hope that it will be $50. There is no system, there is no silver commodities market to day trade in. Anyone who thinks they have a system or have recognized trends that are going to make them rich, is going to be disappointed. PM's are like CD's or IRA'S, you invest for the long run and you make a decent return.
The last PM millionaires were the Hunt Bros and that is not where they made their money, but it is sure where they lost a lot of it.
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Pillar of the Community
Canada
834 Posts |
I would never imagine precious metals would ever become a trend with high schoolers.
Now on the other hand if Justin Bieber said tomorrow " Go out and buy silver " I bet we would see a spike in prices.
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Rest in Peace
United States
4078 Posts |
Silverdollar, not sure if you are a current teacher. If so there is another game you can play with the U.S stock market.
let me find the info.
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Bedrock of the Community
13014 Posts |
Quote:
My plan is to sell when a large percentage of high schoolers start collecting silver since they are the most vulnerable to trends lol (at least I put it that way). Like has been mentioned theres no way to time that. Even if they all start collecting silver at some point it will happen at different points. Do a poll on here some people started collecting as kids others in college others well into their life time. Denco had a good point too. Its not like stocks with clear buy now times. Every few decades they seem to get a large spike, if your lucky enough to have stocked up in between those spikes you can make a good amount of money but to make over a million from it you would have already had to have had around 200k in silver so you wouldnt exactly be considered poor. Its not like apple where if you bought a bunch at the start you could have become rich off a small to midsized investment. Really the best time to sell is when you think its topped out at a point more than you paid. If you bout at 30 and it hits 40 thats a good time to sell unless you think its going up. The problem with physical silver as an investment is that the best times to sell are when you see the fewest buyers. If you want it as an investment only you should use the paper silver stocks. You can easily sell at any point and play the dips and spikes |
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Pillar of the Community
United States
5830 Posts |
Don't put all your eggs in one basket. Diversify!
If I was to only invest in PM, I'd be in trouble.
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Pillar of the Community
Japan
666 Posts |
someone is definetely selling silver ... made of paper ones ... http://www.silverdoctors.com/raid-9...-towards-30/so one should chose either sell his silver made of metal, sit tight, or stay with the plan and keep accumulating real metal. I know that I was unable to catch neither top nor bottom ... stayed with my plan ... sold and bought constantly and managed to get my average price payed for metal = $25/oz ... while cost per oz is negative numbers now ... why to stop doing the same?! P.S. In Japan, with CB joining the printing mania, PM went up yen-wise ... so, as soon as they print everything will equal out eventually. Edited by bekiz
02/14/2013 9:44 pm
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Pillar of the Community
United States
3789 Posts |
couple of things-
Silver and gold, you can make money depending on your buy time, time frame. And... you make money in silver and other assets but not just buying but selling as well. It is a myth that you must only buy to benefit.
Also, Denco is blatantly wrong.
Big money is made on trends, up or down. Right now silver is trending down so guess where the big money is being made and will be made, in both silver and gold? that's right, in the downtrend.
Trends CAN BE recognized and spotted and found everyday in the markets. I am in the markets every day and I make money as a trend trader. So no one is going to say you cant spot patterns and make money on them, if you say that you are wrong and should not be commenting on something you don't know about.
How will we know if the trend is strengthened in gold and silver? One way is when they hit yearly lows. That will tell us that the trend is confirmed and the line of least resistance is down. You can see this same type trend in Palladium currently, which is currently experiencing an uptrend at the moment.
Another misconception I see being said here is you have to buy silver and gold only when its cheap, low priced. WRONG. when Silver and gold where making yearly highs, guess what, traders and institutions were buying at the yearly highs pushing higher. Remember, you can buy high to sell higher. Might be hard to grasp something so simple but it can be done and is done.
Palladium again, as an example, it was making yearly highs past couple of weeks,I was buying and adding and it kept climbing. SO you can buy high and watch it go higher.
However, the days of silver going higher are far off for now. Its clear we are going lower. Will we touch yearly lows? who knows, take everyday by the levels. But you know chances are very high, when we get to yearly lows that a big big massive downtrend is in place.
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Pillar of the Community
United States
2543 Posts |
@yup7676 Thanks for the lesson in economics 101, I took college economics too. Now if you can get out of the text book and into the real world ......... Quote:
Also, Denco is blatantly wrong. Quotes dude, learn how to use quotes. You attribute your post to me, yet I can't for the life of me figure what your post has to do with physical PM's , which is what we are talking about , much less anything I said. We were talking about PM's not Google or Cisco or Oracle, silver trends up and down with the strength of the dollar, we know that. Are you saying that with your vast experience in the market that if I gave you $1000 to buy silver at APMEX, with your knowledge and unique recognition of trends in the silver market, you could return $5000 to me by next Dec. ? Tell me where to write the check , I'll have $10,000 in your hand tomorrow. Quote:
So no one is going to say you cant spot patterns and make money on them, if you say that you are wrong and should not be commenting on something you don't know about. I said that where? The OP was talking about buying, collecting and selling physical silver ........... my statement was simple there is no commodity market for silver, you don't call APMEX at 9:00, buy 100 ounces of silver @ $30 wait for it to " trend " to $31.40 and sell it at 4:00 to pocket your $140 profit. My statement was " that " is not the way it works. I get it , your a brilliant investment analyst building multimillion dollar portfolios for the rich and famous. Your a Palladium millionaire. I apologize for not adding you in with the Hunt brothers on the list of people who made millions buying and selling precious metals. I am just a simple collector trying to answer a simple question from the OP about going to the coin shop to collect silver.  |
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Pillar of the Community
United States
1796 Posts |
Quote:
You buy an ounce of silver for $30 hold on to it for 5 years and hope that it will be $50. There is no system, there is no silver commodities market to day trade in. Anyone who thinks they have a system or have recognized trends that are going to make them rich, is going to be disappointed. PM's are like CD's or IRA'S, you invest for the long run and you make a decent return.
The last PM millionaires were the Hunt Bros and that is not where they made their money, but it is sure where they lost a lot of it. AMEN. Only where you say 5 years I tend to lean 10-20 for good measure... :-) |
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Pillar of the Community
United States
3789 Posts |
1- I said nothing about economics for starters.
2- go look at your own post and see where you talk about patterns
3- I did not mention a single stock I been talking about PMs the whole time. Tell me where did I talk about a single stock.
4- why don't you take your OWN and advice and quote me where I talked about stocks.
Its clear you have no experience in how to spot trends and patterns in commods and that applies to PMs that's what I was talking about.
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Bedrock of the Community
13014 Posts |
Technically you could day trade in paper Pms unless there's some law against it but you are right for physical. If it was that easy to make a lot of money in everyone with money would do it
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Pillar of the Community
United States
3789 Posts |
You can day trade till you are blue in the face, its legal. You most likely will not make money unless you know exactly what you are doing and even then it will drive you nuts.
I can say however, this week, large amounts of money are being made selling silver and gold and this is fund money whcih is bringing in the volume. Without this support in price, silver and gold will continue to drop.
That is why, futures, etfs that hold physical metal are your best bet or you can use these to hedge.
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Bedrock of the Community
13014 Posts |
I do agree that the big boys have to be buying to move the price up. Just looking at its historical behavior I've always been a believer that lower prices are ahead at some point. The only question is whether that means in a couple months or years. Kind of a question of when not if
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Replies: 17 / Views: 2,659 |
Posted 02/14/2013 4:22 pm
