I think these threads are going to have to be in ranges. Like $47 to $50. They are passing their used by to quickly otherwise.
I think we will see US$47 before the market closes tomorrow moring and $48 Close of the next trading day next week. I remember the day of sharp downturns between $1 and $2. Does not happen lately.
Also, the AUD is looking good. 1.07557 FTW Looks like those TV "experts" and their predictions the AUD will reach 1.10 are starting to look credible. Inside Business won't be on this weekend apparently, so Alan Kohler won't get a chance to right his wrongs for calling all this a casino lol By the next show I'll be expecting him to talk about silver. Hard to imagine, but it doesn't seem impossible anymore.
Wish I could get a $20K credit card with a 10% interest so I could then buy up all the silver and let it ride, but of course, what if silver is in a bubble and it goes back down to say 25-30? Wouldn't be good, and I'd still owe the bank.
at this rate - by the time Perth mint finally delivers the 10ozers i bought @ $40, the spot will be $50+
CK or GP insert the pic of the silver rocket riding sheila goin to the moon....think its about due..... :0p
lol some dip eh, I'm not used to such brief "dips", it's hard to buy the dips now I guess all I can do now is try and keep my DCA at a decent level
Who's still buying silver...? I'm deliberating about whether to spend some excess SMSF $ on gold OR on silver. Bars only. I was thinking of gold but not sure...stacking silver is getting a little expensive now in the vault! Gold therefore much better and the price hasn't moved much in comparison to silver. What do you all think?
I bought a few kilos of silver at $45.91, so I guess I'll put my hand up. Perhaps store new purchases at another location to reduce storage fees if you can get a good deal. Supposing I had to choose between gold and silver in the same situation, and storing at another location was not an option, I'd choose silver with the idea that the extra fees will only apply until I swap some of the silver for gold when the GSR looks good. If swapping is not on the cards, then gold, because I'd hate to pay more fees that eat away at profits. But that's just me.