yep Won't be for long. Got plenty of years to wait, not enough at these prices or lower to stack more I fear.
Anyone in the red should really take advantage over the next few months instead of getting discouraged. There is no reason someone with an average of $30/oz couldn't double their wealth in a year or 2. Whether you do that by selling and reinvesting or simply holding onto what you have, the future will be brighter for us all some day. Every time you start to question what you're doing just remember that the scum of the planet are stockpiling Gold, and no, it isn't because of tradition Tonight i'm drinking away some sorrow but if crappy days like this mean we get new stackers or existing ones sucking up more physical then that's always a positive Darn my empty bank account though!
In the red? Absolutely I'm afraid! (although I'm very much hoping to expidite turning that around with what little capital I have left) As a latecomer, "in the red" has been the case for most of my stacking journey so far - but boy am I beginning to learn a lot! After a rather large personal setback at the start of this century I had been turning a blind eye to much of what was occuring on the world scene politically and finacially. Prior to that I had my finger reasonably well on the pulse of what was happening and had prospered due to it. If nothing else, an introduction top stacking has forced me to become more aware once again, and that is a very good thing. I'm still not 100% certain that the risks I'm taking are justified, however is there ever really any certainty? I'm on the booze tonight too Roman, and I've been halfway through placing buy orders a few times tonight but have so far managed to convince myself to avoid catching the falling knife - damn but it's tempting! :lol: Here's my investment strategy - has worked before, my fingers are crossed I can pull it off again!
hehe yup, don't catch a falling knife. I will start buying around $25, there is no ground to stop it reaching around there in my opinion. By that time dealers may be forced to lower their premiums as they try to attract buyers
Considering that silver is now negative for 2011, most newcomers are probably in the red. While this price drop is tempting, I am staying with building cash for a USD rally next year.
$$ wise, i'm in the red with my core stack. however, with my "play" stack, i've managed to take advantage of lower prices by selling at a (very slight) loss and buying more generic silver and consequently increase my overall ounce-age. well played i think. waiting to buy a 1kg bar for $900
If anyone is panicing because of recent Gold and Silver Price corrections and wants to sell their stack of Gold or Silver (prefer 1966 Aussie Round Silver 50 cent coins, 1Kg Blocks of Silver, Gold Krugers and 1/10th 1/2 and Full 1 ounce Aussie Gold coins) Please feel free to cantact me PM with what you possess and wish to dispose of and lets see if we can do a deal.
Not really. The problem is that everytime silver takes a dive, it means that the US dollar got stronger. That means the AUD got weaker. Therefore, any "discount" is always partially negated by our own falling exchange rate. Man, this is going to be a tough end of year. I remember how the PM spruikers were all saying December is the month when PMs surge ahead. I think a lot of them are going to go into their hidey-holes until this blows over. We probably won't see Sprott again until February or, if he does appear, it will be to tell everybody what a great buying opportunity this is.
gold will go down another 50-125 from here, every time there is a $50 drop there is another round of margin calls by the comex, hence the further selling
Central banks have reportedly been buying gold heavily lately anyway. They will no doubt be buying even more heavily as gold falls. China and India will also be buying up silver as it drops. This should tell you something about how banks view the future of gold and silver. Just sayin'...
In the red according to fiat? Well, no, I've been buying since sub 20 for the most part and even on a cost average I'm not in the red - not that I give a damn at all to be honest. I don't measure my stack in fiat dollars, I measure it in ounces.
Christmas discount http://silver-shortage.blogspot.com/2011/12/christmas-discount-silver-at-2901-and.html
Over the long term its insignificant.Short term,just hold off selling. We all know the BS that is taking place around the globe, they can only hold off the inevitable for so long,they are running out of things to say to keep markets afloat. Investors (fiat) are being led like a carrot leading a Donkey, the banks are running out of other peoples money. The problems are being covered over, it is being stretched out until the new year. Hold your silver,acquire as much as you can,get out of fiat.In the next coming years holders of pm will prosper.
