Remember not that long ago when silver was $46 a oz and people were saying $80 to $100 by years end? What's the spot price tonight? Even a shorter time ago gold was touching $1900 a oz and the same people were yelling, Gold $2000 by the end of the year and $3000 by the end of 2012. Spot price tonight? Now what?
Do you really feel you've wasted your cash on the bullion you have? Not me - and that includes recent buying.
I have been on the record as saying A$60 AG and A$1900 AU by years end, and I still think that it will get there. We shall see.
The only question is where do you place your money? Not even cash is a safe haven due to money printing. If you can't answer that then the above quote applies
I saw my reflection in a very shiny Perth Mint 10 oz bar today. I liked both the bar,and the reflection.Don't be a nervous nellie..the tide will rise soon.
Lol. I can't help but laugh that's all. Most people jump on two trains, one going north and yelling yeah wow this is great were going parabolic here woo hoo. That the same person changes trains and starts yelling yeah woo hoo were going down yeah load up the truck woo hoo. So really they have bought going up and down??? That's just plain old buying at any level.. Woo hoo.
allow me to finish ...because I'm going to take advantage of a normal correction that has nothing to do with mid and long term fundamentals
Everyone or so I thought knew that trying to time a market, any market, by waiting to buy at the rock bottom and waiting to sell at the tippy top is going to be on the sidelines the entire run. Sure buy low sell high is great, but unless you've made a deal with the devil or built a time machine, you'll never know the bottom and top till it's too late
The Federal Reserves announcement today "operation twist" really has a lot to do with it all, if not all of it. The market expected another handout to help productivity, which in turn would have consumed more precious metals, etc and they didn't get it. Only a poor outlook globally for the near, mid term future. The worlds stock markets and commodity markets are getting, hammered today because of it. not a crystal ball, the announcement has been due today and know about for weeks. However, it could have gone either way and silver gold etc would have rocketed up. Im just glad i got US$ while they where cheap. silver mid $36 Today/tomorrow - $33 Tues - $30.50 Thurs if im wrong that's great. If im right, that's Great too. Phillip
What are you going to do with the US Dollars? Are you going on holiday or are you going to exchange them back when they exchange rate is in your favour. I have a couple of grand in US dollars sitting in the safe but by the time I pay the bank fees and the rip off exchange rate it probably won't be worth exchanging them unless the US goes to the moon and the AUD tanks.
exchange them at 89c is the plan. 20% gain with transfer fees. I also got consecutive number first release A series US $100 notes too. so may get a premium on them, if i flip them online somewhere Phillip
if i buy something for 89 cents and sell it for $1.11 how is that weird? The AUS$ fell 5% this week. it was purely an opportunity that comes around once ever half century or so with our exchange rates for that sort of margin. 1971 - 2011 Silver has fallen 7.4% in Today's trade, and opens another opportunity to buy low priced bullion with higher than i paid value $US, so i'm miles ahead. i get nearly 3oz for my $89 $AUS investment
