For the first time since getting in precious metals...

Discussion in 'Silver' started by RetardedMonkey, Jun 24, 2013.

  1. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    ... I am now hesitant to buy any.

    I'm actually just stacking cash (oh and Bitcoins)
     
  2. getiton

    getiton New Member

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    u r just getting sick of too much of the same thing...
     
  3. Altima

    Altima Well-Known Member Silver Stacker

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    Hmm. If only I had the money, I would continue buying.

    Guess in my head the silver/gold coins and bars are just jewelry to me. And who can ever have enough jewelry?

    No offence but the reason I don't like stocks/bonds/bitcoins is cos I can't touch or hold them. :p
     
  4. hiho

    hiho Active Member Silver Stacker

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    funny that I just recommenced stacking houses and cash in the offset account
     
  5. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    I think silver is much the same price as the last two months. I can't find 50c under $9.
     
  6. Yeti Hunter

    Yeti Hunter Member

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    Stay strong! This is becoming an excellent buying opportunity!!

    PS - Bitcoin..... I like the idea, but IMO it's executed in a way that means it can never become a real currency. It has too great an incentive to hoard, given its (in the long run) fixed supply. With a growing economy, this means bitcoin must deflate in order to remain able to act as a medium of exchange for that economy. This makes it more profitable to hold BTC rather than spend. An economy can't function with such a low money velocity.

    But.... if you plan to get out before the crash, I guess there's nothing wrong with hoarding away!
     
  7. Sargeant Argent

    Sargeant Argent New Member

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    I just got a 10 oz bar for $234 got my cost average down below 31 ;)
     
  8. renovator

    renovator Well-Known Member

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    I mentioned that over 2 years ago & i was called a lunatic :lol: In saying that i havent sold an ounce & am holding for the same reasons i started stacking . I stopped buying at $35 i could see it heating up & pulled the plug on buying in 2011. & also recomended not buying any metals for the first half of this year in the investment forum.... I think its a good time to be buying now personally for anyone that hasnt reached their target . Its fairly priced & personally i cant see silver going too much lower ......but ive been wrong b4 thats the nature of investing you need to weigh up the options & do what you think is right ....its all a gamble
     
  9. trew

    trew Active Member Silver Stacker

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    If that works for you and your circumstances then nothing wrong with that

    Seems cash is the right place to be right at this moment
     
  10. Sargeant Argent

    Sargeant Argent New Member

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    Yeah oddly enough US cash. Its probably the best bet over the last year or so.
     
  11. 10ozhound

    10ozhound Active Member

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    I share the same seniment on BTC as Yeti Hunter, they are too prone to hoarding which is fine for PM but eventually won't allow them to function as a currency.
     
  12. mmissinglink

    mmissinglink Active Member

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    I will keep clear of BitCoin....way too risky for me. I'm sticking with pm coins and bullion and some blue chips and real estate.
     
  13. clubman

    clubman Member

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    Physical and Spot price is different. Good news is that we can use spot price to stack physical silver, bad news is that spot price has been controlling.
     
  14. Phiber

    Phiber Well-Known Member Silver Stacker

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    Well, this has been debated heaps already, but so far no disconnect.
     
  15. Ag

    Ag Well-Known Member Silver Stacker

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    Investment horizon is two words which come to mind. RM known you long enough here not to preach but what was the time period you set for PM's? All markets (inc housing and cash/Fiat) havefluctuations. Either fundermentals are the same or not. For me nothing has changed. Ive given up on explaining to the quick buck investor. Which them well but chasing yesterdas news is dangerous imho

    I see this time purely stacking more and more. Yes selling some items to fund the next haul. Nothing more
     
  16. bullionfrog

    bullionfrog New Member Silver Stacker

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    I will increase my stack today, it might the lowest cost I have ever get!
     
  17. Naphthalene Man

    Naphthalene Man Active Member Silver Stacker

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    ]

    So am I... only as the seller :(
     

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