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 Replies: 180 / Views: 18,935 |
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Valued Member
United States
73 Posts |
Quote:
Why wouldn't you discourage people from buying a declining asset? if everyone thought that way then there would be nothing to keep something of declining value from becoming worthless or inversely something of rising value from becoming priceless. my personal belief is that silver and gold have their prices manipulated and alot of that is from stock traders. that there true value is no where what they are on paper, especially silver. its been stated many times, you can go many places and get a million dollars worth of tangible gold; but where can you go to get a million dollars in tangible silver? whether its an investment, hedge on inflation, or your "incase the economy crashes" savings; I think current prices are very reasonable and hope it continues to fall so that I get more bang for my buck. these PM's will never become worthless because they will always have a use. we cannot say this about any countries paper money. Edited by ben89
03/02/2015 4:00 pm
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Pillar of the Community
United States
606 Posts |
Ben, I do agree with your point about silver being in a reasonable range.
If you look at silver over the past 100 years, it raises about 4% each year. I haven't looked lately, but think this puts the current price about $18. I am fine buying under this 4% trend line. While I recognize silver is volatile, I consider this 4% increase ($18 current value) to be the regression to the mean line.
I stop buying when the price goes over this mean line, and purchase when I find something I like when the price is over the $18 mean line. Obviously this $18 will increase over time (at a rate of 4% on average).
This might not be the best strategy, but it's mine for my hobby.
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Valued Member
United States
73 Posts |
i agree with your strategy, I dont run out and dump all my spare cash into metals just cause my cash may not be worth anything someday. overall I'mjust a skeptic it will really go back to single digits. I mean how many millions of people in the past 5 years told themselves "man I wish I could go back to 2007 and buy gold and silver again" just seem to forget about it. I highly doubt anyone would have ever thought we'd see single digit prices for silver when it was up in the $40 range. I guess I just dont change my mind everyday about the price of pm's like the market does. especially since weve seen their potentials recently.
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Pillar of the Community
 613 Posts |
*09:30 - GB Manufacturing PMI: Was today along with China PMI and US PMI which was the only one that was expected to decline from 53.5 to 53.4
"Today we see a big decline with Silver trade action not a good day,after last week sideway action with a little up by the end of the week."
Next this week
*Thursday 3-5-15
Time 12:45 -
ECB Rate Decision: Following the whole situation around the Greek debt crisis, which for the time being is placed on the backburner, the ECB could focus on its monetary policy. This time, however, the ECB isn't expected to come out with any big announcements. Nonetheless, in Europe this is still one of the main events of the week;
*Then this Friday 3-6-15
Time 13:30 -
U.S. Non-Farm Payroll Report: In the last employment report referring to January 2014, the number of non-farm payroll employment rose by 257K - higher than market expectations; the U.S unemployment rate inched up to 5.7%. If the upcoming report shows another strong gain (current projections are at 241K), this could further strengthen the USD and bring back down the prices of gold and silver;
I am not saying not to buy Silver if you want to stack,the average down is so easy to deal with it does not much make a difference to keep up with. The market trading is down for Silver and keeps moving its way back to 2005-06 Levels.
I think anyone that is not sure if that can happen or is:
1.Take a look at a 15 Year Chart for Silver
2.Find a flat line anywhere for silver in the last 3 years. Sorry but its not there yet.
We are still in the downtrend for Silver,so either Buy It or Hold Out for lower prices
Have Strong Hands.
Edited by Silverworld11
03/02/2015 10:12 pm
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Pillar of the Community
613 Posts |
I see that Silver has no movement up that will hold anymore then a few hours so far this week.
The other 3 PM's are the worst deal now then ever,do not buy into the hype. You will get better deals on the other 3 PM's in the future/down the road. Be careful of folks who jump to the other 3 PM's telling you to join the bag-wagon.
I myself have decide that $16.20 trade is a price I will re-start buying from the dealers again.
Dealing with a $17.00 Average with $8.00 in the neg at times will be easy to deal with per OZ. I am going to keep adding to my stack till I break the floor with Silver OZ's. I think this is a great idea.
In fact I am going to build a bed where I can fill 1/10 rounds thur out the bed. It will be fun sleeping on silver rounds.
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Pillar of the Community
Canada
2019 Posts |
Quote:
In fact I am going to build a bed where I can fill 1/10 rounds thur out the bed. It will be fun sleeping on silver rounds.  |
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Pillar of the Community
613 Posts |
I need more and more Silver,I am having a Silver day. I just have to figure out how to get 1/10 Silver Rounds inside a Air Bed. My bed will go from being worth $9.00 to tons. Any Ideas.
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Pillar of the Community
Canada
2805 Posts |
This is why people think you're crazy.
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Pillar of the Community
613 Posts |
You would not think I was crazy if you had a chance to see my Art Work/Meet My Friends-Family/My pets/Amount of Fiat I have made over the last 20 years doing my artwork.
With that said do you mean the Little People or the Silver People?
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Pillar of the Community
Canada
3692 Posts |
Why buy 1/10 silver rounds? I don't get it, unless you're minting them yourself, and even then you lose money and time making dies and spending gas and other tools and materials. Roosevelt and Mercury dimes are already in existence and supposing you have to spend them you'd be bartering with a lesser amount of silver. Win-win for .900 US coinage in my books. |
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Pillar of the Community
613 Posts |
The Bed thing was a joke. Wow.
This Sunday I will post the Reports/Meetings that will effect silver for the coming week. I am sure nothing in the Reports/Meetings will bring silver up for long. I will give times and date for each Report or/and Meetings. Its a buyer market. If you are buying Silver have strong hands.
Remember to read Silver. Reports/Meetings sometimes News then Charts. Without knowing about the Reports/Meetings of the week the Charts mean nothing.
Edited by Silverworld11
03/05/2015 7:18 pm
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Pillar of the Community
Canada
746 Posts |
Glad to hear the "Bed thing" was a joke. I was going to suggest to build a head board with 10 or 100 oz. bars....  |
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Pillar of the Community
613 Posts |
That's a good idea.
I was hoping this joking about a Bed being made of Silver would lighten things up a little for the Stackers this week in my thread. Just looking for a little feedback on the Silver Bed?
I am still convinced I can make this Air Bed work. Just a few more holes,I will get back to you all on this. I am so in trouble in about 6 hours.
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Valued Member
United States
110 Posts |
This takes hiding money in your your bed to a whole new level.
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Pillar of the Community
613 Posts |
Silver just dipped below $16 about a hour ago. Its Friday 3-6-15 we will see what New York brings to the table later today.
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Replies: 180 / Views: 18,935 |
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Posted 03/02/2015 4:00 pm
