Do you expect a high blow after all the blows we've seen the last couple years? People learn from errors, me included haha. Don't pay too much. Some people pay now near $22 and could have paid $19.5. Don't sell for too less. Some people sold at $19.5 and could have sold now near $22. Result: a more stable price trend. Error correcting mechanism in operation!
If Gold went from 1922 to 2200 would you call that sideways? I started really following Silver on Halloween of last year (Listening to Liz Claman). I bought 100 Silver Eagles. If you buy in Multiples of 100, when you notice SPOT changing you don't see $21.87, you see $2187.00. 14% in a few months is NOT sideways. -bw
yeah it is my side ways range is mid - low 20's as even if I had of bought @ $19 and sold @ $24 the 14% in reality is like 2% with the ht I would take in the loss of the premiums. and lol @ 14% <> Cool story Braugh DOGe coins went from 0.00000004 to 0.00000213 currently ( and that is not the peak. ) or 532.5% rise in the same couple of months.
lol at comparing something as chancy and volatile as dogE coins to silver and gold. Relative to something like a term deposit or other bank interest, which is what the majority do with their money, or even most share portfolios, 14% in a few months is absolutely huge.
again by the time you actually sell the silver you wont be anywhere near 14% even if spot has risen that much. ( assuming buy from dealer sell back to same dealer <> private sale cant be guaranteed and is not quick <> or like instant DOGE or BTC transfers are ) and of course I can compare it with doge coins or any crypto currency an investment is an investment. That has made or lost me $$$ Silver = loss Crypto = big win and one has made bugger all and one has had stellar performance. over that same time period. crypto is also so much more convenient to trade buy and sell than silver and dont have nasty premiums and postage costs eating into your profits.
compare all you want, them apples ain't apples. I hope it works out for you, and it very well may, but it is definitely more risky than PMs (and the amount of profit potential reflects that risk).
How I am doing it the risk is not much compared to PM's I still have only bought and hold a physical asset that will retain a value even if the crypto market crumbles. considering I ahve seen silver go from High $30 / ounce to less than $20 and stay around there for a good period of time it is a risk I have been willing to take. and considering the profits I ahve allready made and how much I have spent even if the crypt markets fell in a heap right this instant and everything went to $0 I would still be far far far ahead compared to my PM investments.
Well I hope the others are as careful/savvy/lucky as you are. Regardless, it is still a different prospect all together. There is absolutely no talk of the PM market "falling in to a heap overnight"
ok i dont know what is happening, that is not meant to say "Nuts". I am was writing S.A.V.V.Y (without the dots" but it keeps getting changed
It won't bother me if silver does drop below $18 and I suspect it will but I'm in no hurry to sell, but I do feed off the anguish of the permabears for every dollar it does rise. Just sayin
