| Author |
 Replies: 24 / Views: 4,339 |
|
|
|
Bedrock of the Community
Australia
21788 Posts |
Have a look at the 5 - Year Dow Jones Industrisl Average.
THAT should explain why there is a general downtrend in PM prices.
----------------------------------------------------------------------------------------------------------------------------------------------------
There has been opinions expressed for some time now, that U.S. interest rates will rise, and the current U.S. economy is improving. Enjoy the increased job security that should derive from that, and pay off your mortgage a little earlier, (if you have one).
|
|
Pillar of the Community
United States
589 Posts |
I've been considering these past few days waiting for silver to go a little bit lower (hopefully I didn't miss the boat), investing 1200-1500 USD into ASE's, and waiting a few months for the price of silver to (hopefully) go back up, and sell off. Hopefully to make a nice 1-3 dollar profit per coin. Or buying a nice bag of Walkers and selling them off slowly at various auctions where they already have a decent premium. A recent (last week) local auction sold a number of ASE's at 21-22 (down from 32-33 on average over the past few months) but sold a number of Walkers at 20-21 (not anything down from 20-21 on average over the past few months) Namely: I'm going to be in it short term if I buy. That might be against people's opinions, but I think silver going up a few dollars (anything over 3 would start equaling profit) within a few months to maybe a year is highly probable. Silver going to $50 again within that same time period, or even within the next decade...extremely hesitant. Any type of long-term investment needs to be thought out, and you need to decide if it's in your best option to do so; and then how much you are willing to spend and possibly loose. |
|
Bedrock of the Community
Australia
21788 Posts |
Dollar cost average INTO and OUT of a position.
This strategy has been noted on a few occasions in threads such as this one.
This is a proven general strategy often used in the stockmarket for decades.
|
|
Pillar of the Community
United States
606 Posts |
Wow,
What a thread. Hats off to everyone, especially AllRanger for the sage advice (IMO), and for Mintyfresh for recognizing the value in the advice.
If I could add one thing Minty, don't underestimate the potential value of education, especially in a high demand area. My guess is lots of individuals have taken time to get an education, and now have the ability to travel, have a nice place to live, take care of a family, AND buy about every coin that interests them.
This is an area of mine and I can't tell you how many people I know that have benefited from a solid degree. For those that don't, you can certainly make it, and I will be the first to admit it doesn't make you better or even smarter. However, a vast number of top positions require a degree -- and while your at it, learn SQL! (all IMO :).
|
|
Pillar of the Community
Canada
2019 Posts |
Quote:
However now that silver is quite cheap, I'd like to put my money in it while the going is good. Wouldn't $5 oz silver be better? We don't know where its heading and under $10 oz is still on the table and very likely that is where its heading. Buy some if you want but just remember you most likely will be able to buy it even cheaper then $15 oz in the near future. |
|
Pillar of the Community
Canada
3049 Posts |
First you called silver as an investment.. it can be.. it just depends on how you put your money into silver... and what you do once you're "skin is in the game"
I like to think of silver and gold as hedges against inflation...as you build wealth it's a good place to put your money.. and every decade or so you may get a peak where you can take advantage of selling off a bit.. as well as a valley where you can take advantage of buying some more....
In my opinion where you're still young but looking for investments... do a search for "couch potatoe" investing strategy.. sounds silly but it's pretty ahead of the curve for conservative investing with positive gains.
Now don't get me wrong there are some really good opportunities to buy silver... I just don't think right now is THE BEST time to do it..I think that silver can still drop a bit and I believe that it will not go up as fast or as readily as we saw happen in 2009.
Now I'm not saying DONT invest in silver.. it's just that I think that silver and gold should be no more than 10% of most people's portfolio. There's a lot better places for "growth" ...
I would also advise against going into PM"s until your "investment window" is no less than 20 years... that way you will have a better chance to take advantage of one or two GSR swaps... that's where the true profit in PM's are...
Hope this helps...
Looks like alot of people here are willing to help... it's SAGE advice
|
|
Pillar of the Community
Canada
3692 Posts |
YouTube is nothing but "silver porn"; I don't see any merit from watching those types of media.
If your investment is to get enjoyment out of it, then by all means collect what you can afford. "Junk" silver is just not worth it. There's a difference between investment for enjoyment and investment for profit.
In my opinion, 10 ounce bars are the best. Not too expensive and easy to sell. Kilos are just cumbersome and are geared more for industrial purposes, which I assume you do not use it industrially. Silver in general is a huge gamble; be ready to lose your shirt when you get greedy and play numerology games, and what I mean by that is just you'll have a number in your head but "silver propaganda" will make you believe that it will skyrocket to unseen levels.
Silver is silver, but it is priced in dollars, and those who try to profit from it will not see silver for what it is. Acquire silver in the forms that please you. Otherwise you just have a lump of metal that most people don't know how to use/manipulate.
Read as much as you can regarding its history and its applications to the real world. Don't listen to the silver pundits. If in fact you want something that will hold some value over time, go for gold because it is money, albeit a commodity nowadays. I stress that it is a metal and only that. If you can't accept this fact you'll only look at it as a lottery ticket.
Since you're talking to coin nuts, I say go for old (over 100 years old) coins and hold them to pass down to your kids for their enjoyment. That's the ultimate investment.
|
|
Pillar of the Community
Canada
1751 Posts |
 minty fresh your on the right track joining forums. I'm a Canuck to here's a couple tips: go to redflagdeals.com, under personal finance forum there's two different threads: one for bullion people tend to join group buys for better prices when buying in large amounts as a group. Great info there. Also there's a numismatic collector forum for people interested in the latest releases in collector coins. Redflagdeals also has a buy/sell/trade area where you can find good deals. Actually the personal finance forum has excellent threads on all sorts of ways to save money for Canadians. On CCF there's a topic: goes where will silver go from here: it's started & maintained by 16 yr trader yup 7676, he has some very solid advice: watch price action: I'd suggesting reading the entire thread from start. I have great respect for Yup, he didn't have share his knowledge, gained from his day job. Yup is also a coin collector and knows the difference between investing in silver /gold, and also being a coin collector for fun. He does not get those two subjects mixed up! He has a different approach to both. As a Canadian buying bullion a couple good places are: silver gold bullion & Toronto gold bullion. These 2 sites have a good selection and show silver spot prices in CAD. You've been given very good tips. Do take it slow, it's felt silver will drop more. I hangout mainly over in Canadian forums. On redflagdeals I'm Inglorious. Here's two more silver forums: silver stackers .com it's an Australian forum, and there's silver bullion forum. I haven't joined that one yet, but I have friends on it from Canada. Best thing is read read read and become informed the best you can! Let us know how things turn out and best of luck!! Remember buy what you like, beware of Chinese fakes there are many, know the source your buying from, make sure you have a money back guarantee ! |
|
Pillar of the Community
Canada
1751 Posts |
@ Libertad Silver  I can't get rid of lil gr dude, this is my fourth edit  umm]LoL ! If that little green guy shows Up ignore, I've edited him out twice already! I don't know how he showed up. I never really bother with utube except for music. Minty Fresh do watch out for Chinese Fakes , it's bad! There many topics/threads on the Canadian sub forms regarding them. We even have our own Canadian Superhero Mike Marshall from Trenton, ont goes by nickelsguy. Mike has teamed up with an RCMP officier to do battle. He maintains a CD of over 400 images, which he updates. Come hang out in the Canadian Forums, lots of friends & knowledge there. Edited by pocket change 50
11/16/2014 11:52 pm
|
| |
Replies: 24 / Views: 4,339 |
First Page
Posted 11/07/2014 11:02 pm
