What if you stopped buying PM's for a year?

Discussion in 'Silver' started by TreasureHunter, May 31, 2015.

  1. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    4,499
    Likes Received:
    1,182
    Trophy Points:
    113
    Location:
    Treasure Island
    Silver's and gold's price kept dippin'... prolly it will continue to dip. In terms of USD, at least.

    This guy made interesting observations... withold and buy later for less? Risky... I know. :)

    [youtube]http://www.youtube.com/watch?v=r2jXJ34rl2E[/youtube]
     
    TreasureHunter, May 31, 2015
    #1
  2. nbboy1123

    nbboy1123 New Member

    Joined:
    Jul 12, 2013
    Messages:
    91
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    United States
    This is why I switched from monthly purchases to semi annual purchases. Unless we are in a rising market, level or down ward trending bodes better for those who wait.
     
    nbboy1123, May 31, 2015
    #2
  3. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    3,935
    Likes Received:
    1,297
    Trophy Points:
    113
    Location:
    Australia
    You won't know until you look back with a years hindsight.
    The only thing for certain is that you'll have the cash (assuming you didn't spend it on something else)
     
    SilverDJ, May 31, 2015
    #3
  4. Pirocco

    Pirocco Well-Known Member

    Joined:
    May 24, 2011
    Messages:
    4,873
    Likes Received:
    155
    Trophy Points:
    63
    Location:
    EUSSR
    I stopped since december 2014, so half a year now.
    My reason is the extra silver stocks out there, accumulated during 2008-2011. For sure they will be sold again, and that's quite a price suppressor to come.
    Also, my plan was to buy at every same (might skip) and new low, and since my last purchase, the price didnt revisit the previous low yet, in big part due to my weaker euro.
    I'll add to the stack when my euro's are stronger again and silver stocks enough sold again, and before those that need a confirmed uptrend to do the same, act. :D
     
    Pirocco, May 31, 2015
    #4
  5. Nabullion Dynamite

    Nabullion Dynamite Active Member

    Joined:
    Apr 22, 2014
    Messages:
    874
    Likes Received:
    33
    Trophy Points:
    28
    Location:
    Wherever I feel like
    Doing the rough math I would have 100 more ouncesif I waited a year and bought today.
     
    Nabullion Dynamite, May 31, 2015
    #5
  6. sterling-nz

    sterling-nz Well-Known Member

    Joined:
    Jan 21, 2015
    Messages:
    1,267
    Likes Received:
    149
    Trophy Points:
    63
    I like "cull silver"
    He has a decent head on his shoulders and seems to be above all the hype and BS associated with it.
    He has lots of other vids and some are hilarious.
    He likes to take the piss out of some types of stackers and SHTF dreamers.
    I highly recommend viewing his stuff, not solely for the silver and gold info BUT JUST GREAT ENTERTAINMENT>
     
    sterling-nz, May 31, 2015
    #6
  7. sammysilver

    sammysilver Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    8,010
    Likes Received:
    6,735
    Trophy Points:
    113
    Location:
    Sydney
    At least half my stack exists because I bought with money on hand. I know that money would have been spent on incidentals had it not gone on silver. Any after the fact analysis has missed the boat for me.
     
    sammysilver, May 31, 2015
    #7
  8. SpacePete

    SpacePete Well-Known Member Silver Stacker

    Joined:
    Mar 1, 2014
    Messages:
    12,433
    Likes Received:
    40
    Trophy Points:
    48
    Waiting for some optimal time to buy is gambling, not stacking.
     
    SpacePete, May 31, 2015
    #8
  9. Jislizard

    Jislizard Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,518
    Likes Received:
    639
    Trophy Points:
    113
    Location:
    Australia
    I have stopped making the regular purchases with my SMSF.

    I still buy one of each yearly offering for my personal stack and a few to give as gifts, also anything else which looks interesting such as new anti-counterfeiting measures or round stackers etc. I haven't bought any bullion for a while but I have been buying older junk silver when it comes up.

    I don't seem to have any extra money lying around though...
     
    Jislizard, May 31, 2015
    #9
  10. HugeMetalFan

    HugeMetalFan Member

    Joined:
    Apr 13, 2015
    Messages:
    66
    Likes Received:
    0
    Trophy Points:
    6
    Location:
    Sydney
    My life would feel incomplete :p
    I think I would just spend it on something else. Anything else.
     
    HugeMetalFan, Jun 1, 2015
    #10
  11. -j-p-shmorgan

    -j-p-shmorgan New Member

    Joined:
    May 24, 2015
    Messages:
    986
    Likes Received:
    1
    Trophy Points:
    0
    I would miss out on a huge upswing. lol
     
    -j-p-shmorgan, Jun 1, 2015
    #11
  12. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    4,499
    Likes Received:
    1,182
    Trophy Points:
    113
    Location:
    Treasure Island
    True.

    And in fact, this too is a bit of a "dice throwing technique", isn't it?

    The May-June "big dip" that I was expecting to happen still isn't in yet. :/
     
    TreasureHunter, Jun 1, 2015
    #12
  13. Gatito Bandito

    Gatito Bandito Active Member

    Joined:
    Nov 8, 2014
    Messages:
    2,357
    Likes Received:
    20
    Trophy Points:
    38
    Location:
    US
    I find him slightly moronic & annoying.

    Not always the sharpest tool in the shed, with his "logic."

    No offense, of course. :p


    From what I recall, his channel started out pretty well, but then started injecting his thoughts, strategies & philosophies.

    Stick to showcasing the coins, bars & history, bub!
     
    Gatito Bandito, Jun 1, 2015
    #13
  14. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

    Joined:
    Apr 13, 2011
    Messages:
    4,062
    Likes Received:
    17
    Trophy Points:
    38
    Location:
    Brisbane, Australia
    Its been over a year for me.

    Can get better returns elsewhere with my money :)
     
    RetardedMonkey, Jun 1, 2015
    #14
  15. 10ozhound

    10ozhound Active Member

    Joined:
    May 3, 2013
    Messages:
    520
    Likes Received:
    60
    Trophy Points:
    28
    Location:
    Crows Nest
    What if you stopped buying PM's for a year?

    For starters, blood in my alcohol stream.
    I remain diversified, stacking is just forced savings, cash in the freezer type deal.
    As for an investment OP (in vid) is undeniably correct, PMs suck.
     
    10ozhound, Jun 1, 2015
    #15

Share This Page