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 Replies: 25 / Views: 4,023 |
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Valued Member
United States
213 Posts |
Ten years ago... shoulda, coulda, woulda with Silver ! Maybe you Shoulda sold your house in early 2000's and taken the equity and bought Silver. Now, you Coulda bought another home with Silver to spare...... only if you Woulda!  The Danester |
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Valued Member
United States
384 Posts |
Yeah I thought about it, but then I figured living under a bridge for 10 years would tone all that silver.  Oh well, woulda, coulda, shoulda.  Edited by AlmostCollectible
05/15/2011 04:47 am
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Bedrock of the Community
Australia
21786 Posts |
Danester: I think you have picked exactly the right graph to consider current silver prices, and to examine that against a moving average.
In my humble opinion, I think The 200 day moving average, and the 10 year history, are both just about right for most of us here in the CCF, unless you are a shorter term silver speculator.
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Pillar of the Community
United States
1150 Posts |
Ten years from now you will be saying the same thing.
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Pillar of the Community
United States
648 Posts |
10 years ago, I did not have the $ income like I do now. Just like mitchhailey mentioned, I don't want to be the guy saying 10 years from now saying I wish I did something like this. Nowadays it's $30-$40 per oz whatever - I'm in this for a good amount of time and I am carefully buying in batches. Good luck
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Pillar of the Community
United States
2049 Posts |
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Pillar of the Community
United States
1213 Posts |
I think the retreat to the mid-30's is a good time to get some.
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Pillar of the Community
United States
508 Posts |
Agreed.. I've only bought a couple of ounces since the fall, am slightly worried that when I purchase a large quantity, the price will go downhill. Shoulda listened to my gut instinct when silver was $17 an oz....
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Pillar of the Community
United States
4008 Posts |
Or we could just continue to buy small amounts of silver whenever we have the money and not worry a bit about price. In 20-30 years, silver is likely to be MUCH higher in price and many people will be slapping their forehead about why they did not buy a bunch when it was <$50/oz.  |
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Pillar of the Community
United States
648 Posts |
I agree with Ed_B and if you adpot that Silver Philosophy, it makes it a lot easier to buy regardless of the price. As long as it is less than 50, I believe in 20-30 years it will be higher.
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Pillar of the Community
United States
2049 Posts |
I agree with Ed as well. Long term things look good for silver. It's still hard to get used to this new higher price though. I saw a gorgeous Engelhard 10-ounce bar at the shop. I happened to have $200 cash on me that day and was in the $18 mindset still. So I looked at it, and thought to myself that I had just enough cash to buy it with the small premium. Oops....nope not gonna happen! I looked up at the updated spot price on the board and it said around $37 that day so I was just a few dollars short...lol.
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Pillar of the Community
United States
4989 Posts |
One thing about bubbles is few people sell out at the top.
The common pattern is a "nothing but buying" speculative frenzy followed by a very rapid crash that leaves most investors holding the bag.
We see that with housing. Many had good home equity in 2007 but it evaporated almost overnight when the economic crises hit. Now most are upside down. Very few sold out and many of those who did just reinvested the winnings in a bigger home.
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Pillar of the Community
United States
790 Posts |
I knew silver was dirt cheap 10 years ago. It was so obvious. Unfortunately, my limited income was tied up in silly things like rent, student loans, and diapers. I bought what I could and have been selling it off lately. I started selling at $20, regretted it at $40 but still made a very nice profit on it. I've got quite a bit left that I'm trickling out on ebay and I'm reinvesting the money into coins that are less tied to the price of silver. |
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Pillar of the Community
United States
4008 Posts |
Quote:
I looked up at the updated spot price on the board and it said around $37 that day so I was just a few dollars short...lol. That would have been about perfect for a nice 5-oz. bar! |
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Pillar of the Community
United States
4008 Posts |
Quote:
One thing about bubbles is few people sell out at the top. Another thing is that a true bubble is almost never recognized as a bubble until AFTER it pops! Until then, it is simply a great investment that is doing very well. As another thread mentioned, there IS a HUGE bubble in the making right now and it is NOT silver. It is government spending.  |
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Pillar of the Community
United States
3670 Posts |
Sometimes you just gotta draw a line in the dirt and pick a time to get in and say the heck with it! I am gonna buy no matter the price, and one day I will be better off for it! Money spent years ago will be like lost sands threw the hour glass, but that gold and silver will still be there, increasing in value  .... Bubble  , just a man made term an perception, which only affects those who buy and sell often. I recall one of you started with like twenty oz., and bought when it was low, and sold when it was high, time and time again. Until they acquired 100 plus oz of silver seems like. I say kudos to those with that smarts, patience, and timing, I just can't deal with all that hassle in between. I have some lesser silver, I would not mind selling when it his fifty again, and then replacing that if it dropped back again, but probably not worth my effort or time, and who knows I may change my mind in 6 months.... In the end the market moves up, and it moves down, and there is history to look to which shows its patterns. But with a forever changing world, new factors are thrown into the equation which changes the playing field, so I will stick to the plan of...."I bet it will all be worth much more in 15 or 20 years, then it is right now."  KISS they say in hockey, keep it simple stupid  .... Edited by Silverhawk74
05/20/2011 01:59 am
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Replies: 25 / Views: 4,023 |
Posted 05/15/2011 05:25 am
