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 Replies: 19 / Views: 3,930 |
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Pillar of the Community
United States
1531 Posts |
I don't know where else to post this, but silver prices are down to $18.86.
I don't think it's been this low since July of 2010.
I'm sure there's quite a few people losin' some money because of this
*** Moved by Staff to a more appropriate forum. ***
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Valued Member
United Kingdom
183 Posts |
everyone who has bought non numismatic silver recentish is losing money.
people just have to hang on and wait for the better prices before selling.
this should all have been in people's strategy for investing in silver.
it may be a good time to consider adding more slowly if you can afford
to do so.
HH
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Pillar of the Community
United States
1817 Posts |
On the other hand some stackers will celebrate, because they can get more bang for the buck.
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Bedrock of the Community
 United States
12811 Posts |
Buy low, sell high.... heard that somewhere before.
And yes, many of us have some silver we've bought at $25+ oh well.
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Pillar of the Community
United States
4333 Posts |
Not losing anything unless you sell.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
5825 Posts |
Gold is taking a hit too.
I bought my 1oz bar when the Spot was $1242 (plus another 3.2% seller fee; final cost = $1282).
Gold was staying ahead until recently; if the price goes much lower I may buy another oz.
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Pillar of the Community
United States
2543 Posts |
Seriously ............ A year ago, June, silver was at $18.51. ......... 100 pages and about 1000 posts later in the "look out below thread", after a whole year of " DON'T buy, silver is downtrending " " don't buy every dip " "don'ty buy every bounce" and all the "experts  " telling us chop,bounce,retracing, don't buy, PM's are in a massive down trend blah......blah ....blah....... Guess what, a year later we are in the EXACT same spot. Yet the are still posting three times a day, advising us on silver trends. Seriously ? Edited by denco7
05/29/2014 08:07 am
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Pillar of the Community
United States
964 Posts |
I'm happy! I'm still in the market to buy! So let it fall baby!!
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Pillar of the Community
United States
4883 Posts |
I'll reiterate something I've said here before - from a technical standpoint, over the last three years, the chart for silver is lousy looking and shouldn't inspire investor confidence. That said, the long term chart also clearly shows ten years of extreme volatility in silver pricing after years of of being a narrowly rangebound backwater. As unhelpful as it is, the current episode of instability suggests almost anything caould happen. It'll simply depend on what unexpected geopolitical or economic/monetary event might pop up, or what "tipping point" is suddenly reached.
Colligo ergo sum
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Pillar of the Community
Canada
3692 Posts |
Industry: Good news for me! Lower costs means lower prices for customers! Silver is back baby! Good time to get non-bullion pieces that would break the bank if you bought the same piece at $40/ozt.
Investment: I agree with fistfulladirt. You still have an ounce of silver (for whatever it is you're going to use it for...) no matter the price. I'll bet Mr. T didn't sell everything he had at the top, and to this day he must still have some great pieces that you can't get cheap anymore regardless of the price.
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Pillar of the Community
United States
613 Posts |
Buy low, sell high Buy low, sell high Buy low, sell high Buy low, sell high Buy low, sell high Buy low, sell high
If you're in metals, I think ya gotta be in it for the long haul and then, "wait for your pitch" when interested in selling.
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Pillar of the Community
United States
964 Posts |
Silver dropping $18.63/ounce
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Pillar of the Community
Canada
2019 Posts |
Phiffff...means nothing, now if it dropped to 15 bucks an oz or less in a day then it might be of some interest.
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Pillar of the Community
United States
865 Posts |
That must mean my LCS is upping the prices. Last time silver went below 18 their junk Morgan's went from 28 to 36, and walkers went from 9 to 13 each because of "high demand". And people were actually buying them at that price.
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Pillar of the Community
United States
979 Posts |
"Not losing anything unless you sell."
Dirt is right. You only lose when you sell lower than you bought. One should never plan a sell date, because you don't know when the market will change. You sell when you make a profit or need the money for real life stuff, like bills that are important.
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Valued Member
United States
309 Posts |
i like to buy a silver eagle here and there, I plan on holding till silver is $101.00 a ounce  is it possible most stackers think so, and we wait  |
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Replies: 19 / Views: 3,930 |
Posted 05/29/2014 02:57 am
