A week, a month of ups and downs. Who cares. In the long run silver will go up. I bought silver at $40 and am in no way worried. I am confident that I will get plenty more back. I am not looking at selling next week, I'm holding my silver, I'm stacking. Don't worry about what the price is now unless now is when you are planning to sell. Is it that hard to imagine silver at $150, $500 or $1500? Think about all the things in the not so distant past that were so bloody cheap. those things that if someone said one day they will be worth double, triple or ten times the value we would have scoffed and thought them mad, yet that is what has happened. Look at property prices, gold, Microsoft shares just to name a few. I paid $135,000 for a house and land package some years ago and was told by some that I was being ripped off, over priced, never get my money back, what are you thinking. Whilst I don't own that property anymore it is worth well over $600,000 now. An unimaginable price when I bought it. Every day we see things and say/think, wish I had of bought that a few years ago, would have made a fortune. Well I am not going to be thinking that with silver, because I did buy it.
Well you could of bought Silver in 2001, 2002, 2003, 2004 etc (you get the point)....and made a fortune So actually you can still say that hehe, I know I do.
I bought 50,000 DOM shares around 2004 for 48 cents and went down to the 20s, but in 2007-2008 it was over $6.00. Investments always like that. Don't try to pick tops and bottoms
Yep was only saying last night that I wish I had of started this when I first started working. Should have been putting X amount into something/anything each week, I would have been so much further ahead than where I am now. However I don't think silver is anywhere near its peak or potential and I have 25 years left to retirement so have time to wait, even if I did start a bit late. When my kids start working I will certainly be encouraging them to put some away each week and get them stacking. My 12yo already wants to buy koalas with his pocket money. He has enough to buy a few and it will be a great start for him, so heads up we will be on the look out for a few cheap Koalas soon.(ugly little critters)
A few months ago I added a small amount of gold (at around $1500 per ounce) to my stack and all the rest of my modest savings has been piling up as cash for the past few months. I paid less and less attention to the price of precious metals and other commodities and the sharemarket and switched off while prices rose. I generally hate to buy things after a strong runup. No that prices are dropping I'm getting excited again and looking to do some buying should the price of silver drop further such that a 1kilo pamp or perth mint bar can be purcahsed for under $1000. Rising prices agitate me. I prefer to see the price of assets I own decline, provided the fundamentals still remain strong. My average cost price for silver is probably around $30 aud per ounce and around $1500 AUD per ounce for gold. I ould be happy to see gold at $1000 and silver at $20 so I could average down my position.
I started buying silver at around 28 dollars an oz. I bought about 100 -120 oz until it hit the 40's then it crashed I started buyin atv the low mid 30's but after may I started buying gold tOo as it seemed much less volitile. I'm still convinced silver is a good investment but I'm not convinced it won't drop below 30 tomorrow.
Hopefully silver will drop to belo $27 tomorrow. I'm going off to the bullion dealers tomorro afternoon. No good deals for lo premium silver on silverstackers right now.
yeh down $3 to $26 then up $3 to $29 ... see what happens overnight im sure it will be volatile whatever what it goes
Man this silver crash sucked this time it only stayed under $30 AUD for a day. Not enough time to actually have the time to find some silver at a reasonable price to buy. By the time you find something and plan to buy the next day i.e. today the price rocketed back up. I'm so pissed off. I swear I was ready to go to the bullion dealer today but the price of silver jumped back up over $30 so I didn't. Stupid, stupid rally.
I looked around to buy and did my usual "the prices are still too high in the stores" routine, and decided to wait some more. Nobody knows where silver will go. At least I don't.
It's crazy market these days, silver price had been swinging $5 UP or DOWN in ONE DAY, in the past 3-4 days. I'm anticipating even bigger one-day swing if we get GFC 2.0 in the near future.
