Alright, well. I've been collecting silver for about a month now, and I got my dad to start purchasing some every month too. His budget is around $1300/month, but he insists on purchasing 1oz of gold, rather than some silver because it's easier to store and i'm having trouble convincing him to purchase silver instead. So, I need some solid advice. Do you think we should we purchase silver, or gold? Most likely going to purchase now, should we wait a bit for the holidays? Also, just wanted to say thanks. These forums have been a huge help for a newbie like me in the silver community. If anyone needs any programming or graphic design, I will gladly help out for free.
Listen to your Dad. Older folks have a wealth of experience, and life experience, that is often not apparent. Another option is to change metals every second month for an even spread.
Yeah, I just talked to my dad and he said we will switch gold/silver every month. Would you guess that prices will drop down a bit for the holidays or should we purchase now?
We're going to purchase now, and see how it goes for the holidays. If the price drops, we will buy again. We're also going to be purchasing some silver soon too, just so it's not all stored in large values. Thanks everybody!
Don't you want to know whether manufacturing and services PMI beat, meet and or miss expectations on Monday and Tuesday?
heh. grown ups buy gold. kids buy silver. http://goldsilverworlds.com/price/insights-from-10-year-gold-to-silver-ratio-and-sentiment/ ..silver is inexpensive.. gsr is at the higher end of what it is on average over past 10 years. gsr past may not have a bearing on gsr future. But you'd expect revert to mean gsr. http://www.infomine.com/investment/price-ratios/gold-silver/10-year/ if that makes sense then the question you have to ask is do you expect gsr revert to mean, if so, buy silver. & buy gold when gsr is lower.
I've seen these questions in 2011 at $49. The answers were the same. The results were the same. We now have had 3 years of listeners losing. The time that this changes is when nobody answers, when the chat rooms run empty, when forums cease to exist, when dealers have to find another making-money. The dealer I bought most of my coins from ran a luxe-cab renting company before 2008. He's still in business. The dealer I bought most of my rounds from became this year a truck driver. To do better than fiat on a bank account requires to not go with, but against the mass. So asking for, and acting to advice, means a high chance to end up at the wrong side. Buy gold/silver when its market appears dead. If it's crowded with friendly and helpful people, take into account that some have another reason than your welfare. And see advice like it is: it's as solid as the intentions behind it.
Pirocco speaks the truth. But, I'd say buying either right now is swimming against the stream. Which is why I am, buying a bit of both, a bit at a time. Pound-cost averaging on the way down with any spare fiat I have. Contrarian-investing, shoe-shine boy / blood in the streets, etc., is the only way to make large gains unless you can time the market better than the experts.
Wait before buying. A couple of months ago I was ridiculed and laughed at when I said we will have $15/oz by Christmas. Who is laughing now? Nobody. You can see the mood here. Very pessimistic. And these are the stackers. Those who buy 50% of the silver. If they don't buy (or sell), the price will drop. It's a no brainer. You can see: Yellen said she will stop the QE, and the price dropped by 5% in a couple of days. Next year the interest rates will rise, and it won't make much sense waiting for 10-20 years for silver to increase in price, and in the meantime paying higher mortgage rates, and give up the income of higher-revenue bonds. So everybody will sell. Somehow, some people believed the hype of zerohedge: that QE will go on forever, that there will be hyperinflation, that the world is coming to an end, and whatever. Don't believe in that rubbish!!! Listen to the wise Cheepo: The price of silver will bottom between 2 weeks and 2 months after Yellen increases the interest rates. And it will bottom at below $8/oz! Wanna bet?
I remember the price crash of a few years ago when the silver price was low. Physical delivery was, depending on whom it was purchased from, up to 3 months. It must be remembered that paper price and physical price can be very different. Also factor in the A$ currency rate, which will play a significant role in all calculations.
So jelly I wish my budget was 1300 a month. Though the missus would probably not be too impressed on me buying shiny things for myself and not her. I've been stacking for about a month and my biggest order was 10x 1oz JM Bars and 10 gm pamp gold
What do people think about buying silver via mail order (APMEX/Provident/etc.) as far as purchases (and ownership) being tracked?
