not really any yearly average over the past 3 years would result in a worse return that cash in the bank so saying blanket statements like back the truck up as its better than cash in the bank is far from correct
I like PM's but I dont agree with some of the permabullshit that is constantly spewed out of some members mouths.
I doubt anyone in Cyprus is complaining of Silvers poor performance compared to their cash in the bank over the past 3 years
Sell into optimism, buy into pessimism. Sell in 2011 in the 40s, buy in the 20s - these are moves you look for, these are moves that make you very good money. Can that happen again to that degree? doubt it, people learn from past mistakes, but there is still room to make serious money if it goes up $10. That's why metals are currently appealing, remember, no one has ever got rich investing in a savings account.
So far we didn't see any of the QE based price inflation predictions, so buying silver at a price that is twice the average of just 5 years ago, will just give away your money to someone that bought at the dip and sold at your higher buying price. The thing is, you should have bought more when the price was $19, instead of doubting / hesitating. So don't buy now. Instead, wait for the next big dump. Or buy something else than silver. Or just keep the fiat. It doesnt make speculation-sense to continue buying at higher prices without general prices following in any degree.
would the dip this week constitute as a dump pricco? genuine question, just thought i should add that with the way this thread started off lol
Every dip is a dump. This isn't a big dump. And the price uptrend is only a month old. And the Comex position is only 30K. It will probably be november for a 'big dump'. We don't see prices in stores going up in a fashion worth mentioning. So you don't need to hurry.
Cyprus was a 50% loss, buying silver at a double price, for ex $40 instead of $20, is also a 50% loss.
I'm confident in believing that you will NOT see a lower price from the US Mint on the collector version. Spot price shifts do not affect US Mint pricing for silver as it does gold and platinum price shifts. The price didn't move up when we saw fairly significant up movement the past 3 weeks. Likewise, the price will not be moved down if we see fairly significant spot price drops. The common bullion version doesn't follow that same rule of thumb. The bullion may still drop. Remember, the collector version is limited....no limit on the bullion version. My suggestion, get the limited collector version while they are still available for sale. Once they are gone, they attain after market premiums and those premiums will be higher than for bullion.
This country isnt Cyprus and that cash in the bank would be looking pretty good now considering the 5%+ drop in silver price over nigh ( and it wont be the last )
Today looks like a good day to buy silver, that is if there is any out there for sale. I wish the Silver Whingers would get off the Silver Stackers forum. Go start your own, maybe next door to Beyond Blue! This forum is not about making others wrong and yourself right, it's about stacking silver for reasons best left up to the individual. As a stacker, the cheaper the better, but we can only live one day at a time. Save all your todays for tomorrow, one day you'll wake up with no yesterdays!
WRONG you do want you investment to GROW and improve and not take the huge losses we have seen over the last 2 years. it is pointless stacking it if you dont care about your investment we do this SO we can save and GROW our money. if you dont care about your money /investments you would have more fun spending it on drugs, booze, cars and hookers than silver
