Monkey with a Disability, I totally get your feelings as I too feel a bit retarded at the moment. I bought 85% of my stack at $45 and then the rest at $32. I have not broken even and have been thinking, why didn't I just buy gold? I am hoping to break even in the next 12 months but while "the fundamentals" are there, it means nothing if it stays low and the economy still tanks. Sigh.
Must be the gambling parts of us mate Went for something volatile versus something considerably more stable. I too would be better off if I had put all my dollars into a high savings account!
I like to set goals that have a zero at the end of the number...assuming it is achieving a number goal. Good to put a time frame on it though - eg: 12 months, 2 years etc... After I get the zero, one day I hope to be able to just change the number at the front of the zero every year. Maybe after that I can aim to change the number on the front of the zerossss!
fishball, I wouldn't say gold is crushed. Gold ran up $400 in a short period of time and is retracing a lot of the move. Silver got crushed again. At least I can say that I own more gold than silver. Unfortunately, it is because the silver has dropped sharply in price.
Don't you just love the way all these professional analysts come out of the woodwork after the event? Is there anyone out there who foresaw "Operation Twist" having this effect on PMs? Of course now it's all obvious why this has happened, but where were all these guys just before it did?
Buy some of both. The proportions, what you are comfortable with, imo. Funny that Gerald Celente was buying gold from $280 and only gold, no silver. He's out of Swiss Francs (before it got pegged to the Euro). Has cash to run his business. He NOW buying SILVER for the first time! SILVER RIGHT NOW Posted on September 23, 2011 by maxkeiser| 79 Comments KWN Exclusive Gerald Celente Announces He's Buying Silver "I'm now buying physical silver for the first time. One of my reasons is I am very concerned that when gold prices begin their upward ascent again, I believe the central banks and the governments are going to blame the gold people for the financial problems."
the GSR is around 53 now. This is the best time to be buying silver. People usually have a lot more confidence in buying silver ( or gold for that matter ) when it registers slow growth week after week. Those who are in it for the long run ( ie 12 months at least ) should just be buying. and if SPOT continues to slide next week to $25 , than the BUY signal would even be stronger. However, if you start to play with money that needs to go to cover your rego in December for example or some larger bill that one has to take care of a few months down the track, and you use that money to buy silver with, than you could put yourself into a bit of trouble.
best advice 90% yellow 10% white.Not because silver fundamentles arent there is just that ALL financial elite consider gold money.Gold is traded on curency desk not commodity.
Funny, I recall thinking a GSR of 53 was the best time to buy gold... but I'd been spoilt by 60-80 for a while.
photonaware.....bible says gold-silver.olympic medals gold-silver.autralian coins what color are they.....its all just tradition.
Funny how when stockmarkets tank 5-10% in one day people say thats normal and expected. But when precious metals drop that much in a day everyone always cries manipulation.
But how often do you hear, for example COMSEC saying that they are increasing margins by 30%, not too often. Also, COMSEC only increases margins when stock market drops. Don't believe they have ever increase a margin because a stock got to $100. Last 2 days both CME and the Shanghai Gold Exchange increased margins on both Gold and Silver. Question is why ??
