Great Vid! The recent spot moves and 'white' noise hasn't moved me an inch on my stack for all these reasons. It's good to see vids like this as reassurance...and to pass the message with honest backed proof. I accept the risk in my holdings getting wiped out @ $15/oz but think the risk is even higher selling to early...if you don't like the heat then don't buy Ag!
Ilikemetals - I brought my first around $15/oz but are still buying today... $45/oz in due time will be a steal...anything under $50/oz IMHO is cherry picking buying for the long term. For what it's worth - I think you did the right thing too
In my opinion silver right now is totally overdone despite what SGT claims, lots of people i have spoken to who dont even know how to buy shares are talking about silver's gains as shown in the news. Generally speaking when these people start buying they will get smashed. Silver has been rallying too much for a long time and i think may need a large correction. 162% or so in a single year? common when gold has only done 33% or so... this difference is not because of industrial uses its speculators.
It's China, both government and the general population. It's millions of people trying to protect against currency failure. It's possibly the failure of ongoing manipulation. It's industrial demand. It's a lot of things, not just speculators I think.
For sure but look at the rise in silver in comparison to gold. Gold will ushally represent a raw increase opposed to the dollar were as silver can have a bigger upside i agree due to industrial uses but how much more? 130% more gain in 1 year over gold just because it has some industrial uses? please
Nukz, You make a valid point about the rapid gains but could the recent movement not be explained by the suppressed pricing for years? I find it interesting that majority of money flowed to Silver before Gold - meaning investors on the side lines know more about the precious market than we give credit to...either or metal will continue to gain be it at a slower rate...
ummm ... perhaps the fact that silver was undervalued compared to gold by a factor of 4 ... that's what? 400%? I hardly see a correction of 130% relative to gold as being a problem when silver was at least 400% undervalued compared to gold to start with ...
The number of people who are invested in physical silver is miniscual! The point i made about silver being undervalued by 400% applies ... the quick rise so far still has a very long way to go before silver is fairly priced relative to gold. Its not rocket science
You know, I have to admit I sometimes I feel like Nukz too! When you look at the ramp up in commodities prices pre-GFC, which I'm sure no-one will argue against being purely caused on speculation with cheap credit. And look at the current ramp up in commodities prices across the board, it makes it hard to argue that the current price couldn't be a result of pure speculation by the large US banks and their hedgefund/investment house off-shoots, not only with QE 1 & 2 "cash", but all the $ that were thrown at foreign banks (including our own here in Oz) by the US Fed Reserve. I'm just saying... there's some merit behind the point :|
Like I mentioned in a previous post... if you've bought physical silver it's because you believe that in the future silver prices are going much higher and you're looking for a mechanism to protect your wealth. If this is the case, then why are so many people worried about what is happening today. I'm sorry, but I just don't get it. Maybe I've just read to much into these posts and if so I apologise, but the vibe I'm getting is that some stackers are only worried about what is happening today or next week and not where silver will be next year or the year after. Stop worring about what the price is today and start thinking what could happen years from now if you don't own silver or gold. The thought of this sends me crazy. But that's just me
