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 Replies: 55 / Views: 3,767 |
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Bedrock of the Community
United States
14454 Posts |
Since it is at $10.98 do you think now is a good time to buy or is everyone waiting for it to go lower
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Pillar of the Community
Australia
1360 Posts |
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Pillar of the Community
Belgium
2078 Posts |
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Pillar of the Community
United States
1203 Posts |
I believe I can safely say that IF you have extra $$$ just laying around, it's ALWAYS a good time to buy silver.
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Pillar of the Community
United States
2365 Posts |
quote:
Originally posted by OldDan
I believe I can safely say that IF you have extra $$$ just laying around, it's ALWAYS a good time to buy silver.
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Valued Member
United States
173 Posts |
I have an Acct with Kitco, Just today I rebought after selling a few days ago at $13.20. This is the 3rd tme I have bought and sold, each time making 40c - 60c an ounce. I treat it like a game. don't really expect to become rich. But I think this is a GREAT time to buy.  |
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Pillar of the Community
United States
986 Posts |
I agree with what's been said above. If you've got the cash, then go for it since silver moves in cycles and a new high MAY be around the corner.
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Pillar of the Community
United States
756 Posts |
quote:
Originally posted by ducky1100
I have an Acct with Kitco, Just today I rebought after selling a few days ago at $13.20. This is the 3rd tme I have bought and sold, each time making 40c - 60c an ounce. I treat it like a game. don't really expect to become rich. But I think this is a GREAT time to buy.
What is it costing you to buy/sell? Commisions? |
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Bedrock of the Community
 United States
14454 Posts |
when I used to buy on kitco I kept it in the pool and it was usually 10 cent above spot to buy and 10 cent below when you sell. I did it that way because it was just an investment and it was like using Kitco as a bank to hold the silver (no shipping charges) and when it was time to sell just sell them the silver they already had there in my account and they just send you a check which took 3 days to get it to me, if I had to ship it to them to sale it would have taken weeks to get a check. prices may have changed a little from the last time I did this so I am not sure what it costs now but I am sure it hasn't raised very much if any
Edited by Bryan1315
09/13/2006 2:55 pm
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Pillar of the Community
United States
1454 Posts |
quote:
Originally posted by ageka
And the answer is .........
if you believe silver will go higher
then the 200 days moving average line is not a bad place to buy
http://www.tradesignalonline.com/co...p&id=2298362
I used to trade Forex (I sucked at it but it was exciting). The 200 day moving average is a good marker. I looked at the 6 month chart and it has gone back below $10.oo only once in that time. I don't think it will this time. I would put a buy in at around $10.40-$10.50 and see if it hit. If you're really wanting just to make a little then consider perhaps around $10.70-$10.80. For me too much higher than that and I don't feel like I am making enough. Could just be me and I am open to criticism of my analysis. |
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Pillar of the Community
United States
1582 Posts |
I think anytime is a good time to buy silver. I buy it in small bags, ie: nuggets, etc., and put it away as I believe someday it will be valued at many times what I've paid for it. In fact, any and all precious metals are a good investment for the long run. My opinion.
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Valued Member
United States
173 Posts |
The cost generally varies a little between 10-15 cents over spot to buy and the same 10-15 cents below spot to sell. So figure silver has to go up 20-30 an ounce just so you can break even. You have watch the price every day and when the price is up to a point that you are HAPPY with your profit sell. It may continue to go up BUT you made a profit, don't get greedy, there will be another chance. Yes, there will be another chance, because as sure as the sun willcome up tomorrow, silver prices will drop again,then BUY BUY BUY. Take a look https://www.kitco.com |
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Pillar of the Community
Belgium
2078 Posts |
quote:
Originally posted by Irishraider
quote:
Originally posted by ageka
And the answer is .........
if you believe silver will go higher
then the 200 days moving average line is not a bad place to buy
http://www.tradesignalonline.com/co...p&id=2298362
I used to trade Forex (I sucked at it but it was exciting). The 200 day moving average is a good marker. I looked at the 6 month chart and it has gone back below $10.oo only once in that time. I don't think it will this time. I would put a buy in at around $10.40-$10.50 and see if it hit. If you're really wanting just to make a little then consider perhaps around $10.70-$10.80. For me too much higher than that and I don't feel like I am making enough. Could just be me and I am open to criticism of my analysis.
That is the problem if you did Forex you are the one minute man I did options twice for a few years and I was the one hour man I gained several 1000 percents and then lost more then I started with twice so the last time I stopped was 1999 These days I stick to none leveraged gold in my retirement account and to single gold stocks with a maximum of 5 because after that your correlation with the HUI or XAU is such that it is lost time to do any analyses and go for single stocks From about 7 stocks onwards you are allready 85% correlated with the indices So these days I am the monthly guy I change my retirement account about 6-12 trades a year  I have gotten quite good at picking tops but still am trying to figure out entry points |
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Pillar Of The Community
3147 Posts |
I will have to agree with Old Dan! If you got the cash then buy the silver! Buy and hold and when the time comes, should you need some cash, the silver will always be there to treat you right! Kind of like an emergency fund and you are in total control of your asset!
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Pillar of the Community
United States
604 Posts |
Ill wiat for silver to go down to 2 dolla'   |
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Pillar of the Community
United States
1840 Posts |
If you're looking to invest your money I would suggest avoiding silver. Commodities investing is for people with much more money than you and I have and silver really isn't a true precious metal. Unless you're one of those alarmists that can't be comfortable unless their wealth is sitting in a basement safe, I'd suggest putting some money in bonds, stocks or mutual funds. There are a lot of bargains out there right now. If you really want bullion, try a real precious metal like gold or platinum.
As far as silver coins go, I think they look great and any time is a good time to buy one.
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Replies: 55 / Views: 3,767 |
Posted 09/13/2006 07:35 am
