been collecting silver for 4-5 years now just wanting to know how long you guys will keep it for until it hits that magical number of at least over $100 i was thinking end of 2013 if nothing happens i may move on it
I will always save capital in the best available format. Being is Fiat, silver, stocks, honey, land etc... At the moment there is one stand out that is private, portable and non perishable and has 0% chance of going to 0 value.
The undertakers are having an easier time of it now since we are so preservative filled, we don't go off so quickly so their job is easier apparently. A great documentary. Catch it if you can. [youtube]http://www.youtube.com/watch?v=6cb6HwzCkEs[/youtube] "we need to educate the consumer before we confuse them with labels" And Jamie Oliver shows you how to cook a fast food burger [youtube]http://www.youtube.com/watch?v=20Yg-c6iBF8[/youtube]
It's crap like this I am afraid will ruin this forum. Ok to have a bit of fun but all this shit gets in the way ! Sorry to offend but there is too much dross on the web.
4-5 years ago was long enough to make a healthy profit during last years peak, assuming you sold any, if not then i guess it kinda sucks. May as well hold on now mate, put it in the corner and forget about it for a while. end of 2013 i think will be higher then what it is now. With no way to back up what im thinking, i rekon somewhere between 3 and 5 years will show a nice increase for silver.
Through much dribble we finally get an answer to the OP's question ? 11 posts of "Off topic" should have been in the Doomsday Preppers post. So not to continue that line, I also agree with dex. However my tipping point is approx $50+ spot and I will be moving some of the stack. That is a price point only other factors could be I just need too, or that there is a better option I have come across. All of which are possible. The problem is that everyone will have a different point and reason. Trying to get that out of people can be difficult partly because a lot of them do not have a plan or tipping point ? and just go with the flow.
I'm sure these posts were not intended to get in the way of all the very serious 'magical number' discussion. Apologies while I get cracking on an important and accurate prediction of how long it will take silver to breach $100. Now, what exactly was the crap and dross?
So I gave this some thought. I kinda assumed once it peaked (over $50US) and I saw it starting to drop, I would start to sell. If it dropped further, I'd go back into buy mode. But then I thought, what if I hold it. The MoneyChanger predicts almost $200 and plenty of others do. Let's say I make a 1000% return (buy at $30, sell at $300). All I have now is a lot more FIAT... So I won't be selling unless there is a specific FIAT goal, like a car or house or some other large payment where I can take immediate advantage of the extra FIAT and spend it on something tangible.
Are you serious asking such a question ?? !! What has chicken noodle soup, decaying burgers and nuclear clouds with clowns faces got to do with the original question ?? This site will soon become like many other forums - totally 'off the point', distracting, full of garbish so you cannot see the wood for the trees. This will be the case if most of the above sh*t continues to be published in threads. Might be funny to some but let's put the crap elsewhere on a crap section and if anyone wishes to spend hours sending dross to each other then so be it but keep serious stuff clean and relevant. It will be a real shame if SS deteriorates into the gutter like so many other time wasting forums on the internet.
You dollar cost average in and you dollar cost average out. Rough sketchy plan would be; Buy 50% at AU$10 - AU$20 Buy 25% at AU$20 - AU$30 Buy 20% at AU$30 - AU$40 Buy 5% at AU$40 - AU$50 Sell 5% at AU$50 - AU$70 Sell 20% at AU$70 - AU$100 Sell 25% at AU$100 - AU$250 Sell 50% at AU$250 - AU$1000 Would be dependent on purchasing power of the dollar but more than prepared to hold out selling the last of it for up to 20 years if it takes that long and doesn't go ballistic this time round. I think both Gold/Silver will bubble top and pop but Silver unlike Gold will eventually keep making gains after a fall as it's eventually going extinct. I consider it an insurance policy so holding out for the big gains is no probs, Silver price tops people sell and the market is flooded. Maybe that flood of held up investment demand will give industry a 5 year backup but then it will run out again! We need sustained high Silver prices not just a bubble top to fix the Supply and Demand in-balance. I'm not going to get caught up in trying to call the top because I think there will be many of them coming for Silver over the next 20+ Years unless something changes. I think it was Mike Maloney that said at present all the entire worlds investment purchasable Silver would fit in a cube with 11.5m dimensions, so I could technically fit all that in my back yard, or die trying. I'm probably going to die an old coot in 50 years with my wrinkly cold old hands still grasping my Silver bars.
Don't think of it as a specific "sell at this point". Treat it as a form of saving that is more difficult to cash out, thus a greater incentive to save. As JoelAG said, use it to buy something tangible. I cashed out the majority of my metal and bought an asset that i needed at this point in my life and was happy with the profit that i made. Sure the profit could have been better if i sold when it was near $50 but i know it was much greater than if i had saved the cash in the bank even with interest. The temptation to spend cash is too great. Metal just accumulates and looks better and better the bigger the pile gets.
