These prices are so good to see after I went hard in at the 40s. I'm going in again as I'm no brainiac but I believe these prices will correct and the climb will start to new highs. What I'd like to know is do people think that silver could drop more? and is There somthing that could stop the price from rising to those highs in the next few years.
dusty you need a plan mate buy regularly and evenly not all in e.g james turk advocates buying each month on the same day an oz of gold if you can afford it or buy 10 oz of silver every week
Yeah I know Retarded Monkey, I ask alot of questions and it's a over kill but I love this forum and the people in it. I was not into PMs last year and this year I've really moved into different areas of investing and a lot of ideas I have received from this forum. It's so valuable to me as there is so so many people on here with passion and knowledge in so many areas it's invaluable. Ask me about race horses and dogs and mining but after that I'm stuffed but without you all including yourself I'd still have my super with ING and investing in property, I owe this forum so much and I would love to be able to help others on here one way or another but for now unless you have a HR licenses and can use mining equipment I'm no help to anyone unless they want work in mining.
I'd say the prediction you made (or your gut made) a few days ago has more than paid your way for a good while to come!
I think there is always hesitation when doing things like this and we all generally like a second opinion and if what we are doing seems to be right at the time. I agree though we all need a plan and then stick pretty close to this plan. I am like you and wish I could read charts better, however in saying that the only person stopping me understanding these charts is me I also agree that the best approach is regular and perhaps a little extra big when an opportunity arises. So if I was to summarise my and I think a lot here it would be something like this. 1. Have a key target goal ie: 500oz 2. Buy regular so it evens the highs and lows 3. Once target reached look at some diversity such as Gold and Platinum 4. Have cash reserves so you can buy at bargain prices when they appear I am sure there is a lot more to it, but then are you a trader, investor or SHTFer ? As they are all fundamentally different but all want to achieve the same outcome. I guess the time frame may be a little different.
Thank you Maggie. This is great at the moment for buying and I'm making the most of it ( not all in ) but a little here and there but I'm looking at gold and it's harder to find larger amounts at a good price that's for sure.
Still suffering from the holes some fire breathing creatures burnt in my pockets. Can't find any funds to buy low!
If the market is going to 30, I hope it stays there for 3 or 4 weeks to give me a chance to get more fiat to buy at these bargain rates. I hope it doesn't recover to 40 in a week or 2 as I might miss the train leaving the station. For new stackers, now is not the time to pannick, say you have bought 10ozs at 40, now is your chance to buy 10ozs at 32/33 and reduce your average to 36 and if the downturn continues around 32 another 10 ozs would get it down even further. Then when it recovers to 40 and it will, you will be a winner all the way up. I have currently on layby 8ozs silver which I am committed to buy for $330.Now thats a tad over $41 which was a bargain 2 weeks ago.Cover me I'm going in to get another 8ozs hopefully at 32. Then I'll have 16 ozs at an average at around $36. You have to put your judgment on the line at times like this. WTSHTF you hold out your hand and here comes Wayne handing goodies around. Regards Errol 43
Way I figure it is simple. Does the chart I'm looking at give me an itch that needs scratching? In the moment, I will say yes - I am seeing a much lower price than yesterday, and it's bounced off (around) $33.25 a few times, so there's some support there. Could it be cheaper tomorrow? Yes! Did I place an order in the last 15 minutes? Yes! Am I going to regret it if I see a cheaper price tomorrow? No! Why? Hang on a sec, gotta back up another truck... (In other words, you will rarely, if ever, buy at the bottom of a dip. Don't even try, you'll drive yourself bonkers. Buy when you have available spare fiat, buy sensibly, and be in it for the long haul. In 12 months, you won't care what you paid for any of it - by then, I think S will have HTF).
