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 Replies: 40 / Views: 3,446 |
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Pillar of the Community
United States
1026 Posts |
Well silver is dropping today hope it does not get down to $30.00 or I may have to buy some more have way to much now, when do you know enough is enough?
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Valued Member
United States
458 Posts |
You cant have enough Silver :) One day in the future itll be worth a TON, so I buy it whenever I see the chance.  |
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Valued Member
United States
361 Posts |
The market is up over 200 points. It is just part of the cycle. I think it could lose 5 % today. Maybe $2 down. I wouldn't worry about $30 at the moment.
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Pillar of the Community
United States
3294 Posts |
It had a pretty good runup last week. Could be simple profit taking, or it could be something more. Only way to tell for sure is to check back in a month.
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Pillar of the Community
United States
4008 Posts |
Silver and gold are things that one buys as one can without worrying about the day to day price changes. The important thing is to diversify out of dollars and into something that the government cannot print. The trick is to buy a little regularly. Unless you are selling, the price really isn't all that important. Just ask yourself this, "With the way that the US and European politicians are behaving, would you rather hold precious metals or their fiat currency?". Once you have answered that question, you will KNOW what you need to do. The metals prices will move up and down just like any other commodity. Such price movements say a lot more about the fiat currencies than it does about the metals.
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Pillar of the Community
United States
2120 Posts |
Edited by Namachieli
07/19/2011 4:18 pm
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Pillar of the Community
Canada
902 Posts |
Didn't go down enough too worry, probably back up tomorrow
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Pillar of the Community
 United States
1026 Posts |
Well I am not sure what to do the economy I see no hope for but people need money to buy things.
I have around at least 100 ounces of silver now and only 2 ounces of gold left.
Also have $16,000 sitting around wondering what to do with seriously.
Just not sure what to do keep the cash in the bank or get more PM with it, what would you all do?
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Bedrock of the Community
United States
10284 Posts |
$16,000.00 ? Personally, I would buy a boat. Seriously yes, I want a newer boat.
I am not one to think that silver will go a lot higher and yesterday
when gold hit 1600.00 I thought it was way overpriced.
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Pillar of the Community
United States
5825 Posts |
Well. At least is not a $64,000 question.  Brucec, You only have 2 ounces of gold, need to balance it between silver.  |
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Pillar of the Community
United States
648 Posts |
I kind of had a feeling silver @ 40 wouldn't last too long. Nice to see the spike though. I went to the coin shop this past weekend and it was packed. I passed on the gorgeous Maple Leafs, the ASE's, and even this really old Royal Canadian Mint 10 oz bar. I think it will settle in the mid-30's. JMO. |
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Pillar of the Community
United States
1450 Posts |
I am in the same boat with about $20,000 cash floating around with no place to light. I almost pulled the trigger on more gold yesterday but the run-up was too quick and you know when a new record is set there will be profit-taking. I am at 11 ounces of gold and 110 ounces of silver. I want to be at 15 ounces of gold and 150 ounces of silver(plus some other 90% silver and maybe a few silver bullets to take care of werewolves).$10,000 should get me there and the other $10,000 I guess I will play by ear.
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Rest in Peace
United States
9104 Posts |
Quote:
Just not sure what to do keep the cash in the bank or get more PM with it, what would you all do? First, check the bank. http://www.weisswatchdog.com |
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Pillar of the Community
United States
570 Posts |
I think silver will hover around the mid 30's until the U.S. debt gets worse or their is another crisis going on in Europe. Personally, I've been stocking up since silver was around $9 per ounce Edited by mmorgan22
07/20/2011 10:20 am
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Pillar of the Community
United States
830 Posts |
Hocking, I'm thinking you're under weighted in silver. I'm much closer to 50/50 Au/Ag myself (in terms of dollar value invested).
I really think the major upside of those 2 is in silver, due to shortages in the future. Remember silver is used up industrially and very hard to recover. There is very little stock piled, its being grabbed up and used as fast as it comes out of the ground for more and more uses of which there are no substitutes for silver. It is the world's best conductor by a lot, it is a must have metal for high tech including high tech weaponry and defense.
Edited by GoThunder
07/20/2011 2:42 pm
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Pillar of the Community
United States
2120 Posts |
I think its a good idea to just set your plan on how much a month you spend on PMs, and buy it on a certain day(s) every month. If you aren't thinking about short positions in silver, than the day-to-day shouldn't give you any worry.
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Replies: 40 / Views: 3,446 |
Posted 07/19/2011 3:38 pm
