If I had kept my money in the bank I would have been earning 6% every month, I get out of the silver scene for 3months in hope it would rise when i return, now I have returned and its in the high 20s -.-
silver for stackers will always be long term , or very high turn over plus who wants to make banks rich? not me!!
Sorry mate. We're not taking boat people. It's not as simple as packing up and leaving for a better life for you economic refugees. Besides, why in the world would you want to leave the Greatest Nation in the world with all the freedoms others would be jealous off? Stay put mate. Everyone would be happier for it.
You need to fully appreciate what silver is before making statements on it's 'value' as an investment. Also a big factor is economics. With the HUGE amount of liquidity sloshing around the globe now, silver is very, very undervalued against the sheer quantity of fiat currency in existence. Europe and the US are in deep crap economically, as are most other nations when you look deep into it. Eventually people are going to seek refuge for their dollars in real tangibles. PMs are going to be one of those real tangibles that people will flock to in droves to protect their wealth from the exponentially devaluing fiat in their hands. For nearly all of civilisation's history, precious metals have come out on top during a currency crisis, and we are not too far from the mother of all currency crises. It could happen any day, or it could take a few more years before the fiat ponzi scheme comes undone. When it does come unstuck, I'd much rather a pocket full of silver than a pocket full of cash. PMs are not for the short term gain unless you want to trade ETFs and risk your money against people who know how to play the game much better than you do.
It all depends on when you buy, what you buy and when you sell. Let's say we have 100k at beginning of 2010 to invest. @6% over 2.5years your return would be a bit over $15k. Now let's say you invested 100k in silver. $50k in Perth mint lunars and $50k in Pandas. Obviously the sliver investment would have far outperformed the normal rate of interest. I guess if you purchased 100oz bars @ $50/oz you would be thinking the bank would have been the better option.
No worries. I could never get used to driving on the wrong side of the road....But if I'm getting a no risk 101% annualized return on my money by just having it sit in the bank, that's tempting! Perhaps the original poster exagerated just a bit. Maybe the lesson to be learned is to use some dollar cost averaging as part of your overall silver investing strategy.
Most people are right handed. During medieval times the weapon of choice was a sword. When fighting with a sword you want your opponent on your strong side which is the right hand side for most people. Now imagine you are on horse back on a road. Which side of the road do you want your horse to be on? And that is why the British and their commonwealth drive on the left hand side of the road. Why do the French drive on the right hand side? To spite the English, and that is fair dinkum. I believe that the Japanese drive on the left hand side of the road so that they could give their car industry a layer of protection against American car manufacturers by imposing an extra cost on them if they tried to export cars.
I know silver is a good investment, I just find it curious that I seem to have bugger all fiat when the price is low, and tons of liquidity when it's high.
You bought into the hype when silver was $45/oz and you got burnt. Anything is a bad investment if you buy it at the very top. Doesn't make it a bad investment in the long term.
crossed the road and got hit by a bank ? or a big chunk of silver ? is there a chicken involved in this story
I bought at the high and cost average now $42/oz, I know that I should continue to buy in every dip to bring the cost average of my silver stack down, but my focus has shifted to gold and have been buying gold whenever I have spare fiat instead.
Please let us know which bank gives you 6% per month... Other than that you just sound like my friend..wants to buy today and sell it yesterday...You need to enjoy the game..think of this,there are still millions of people who does not own a single coin or bar,so you are so ahead of them
Watch the GSR and trade that silver for gold if it gets you back on track - if holding for the long term, don't worry so much about price, and look more at how much gold you could trade for. There's cycles in the GSR - a lot of people got caught up in "silver going to the moon!" hype and ignored the relative values between gold and silver.
