I could not stand it anymore I just placed my order for 10oz I hope it does not drop much further. good luck all
My wife calls me while at work, tells me it's under $19, and wants to purchase 100 buffalo's at $20.04 per coin. Jesus...I want to...should I...ugh. I'm thinking $17 is my new buy price.
It's nearly time for me to cash out of silver and buy some real estate so I can get in on some more down-trend action. If you wait too much longer you might just miss out on cashing out at the bottom.
Think I'll wait a bit longer. Knowing my luck if I cash out right now it'll probably drop another couple of dollars.
I've already got my eye on a few over-priced negative cash flow inner-city apartments. If I cash out at $17 I might be able to use my credit card to make up the 5% deposit. If that deal falls through I can always use some leverage and buy Australian iron ore miners.
Sounds like a plan. If you could tap onto the luxury end of he market, you might maximise your results. You might need a personal loan, but that's the way to go.
Holy crapola! Down again just after I charged in and bought some more on Monday. This is ominously reminiscent of 2008. I'm kinda glad I have minimal exposure in real estate frankly and I am staying away from that type of investment for the foreseeable future. The way this is shaping up, although I am not too happy with the phenomenal crash in PM's, I am glad to be holding a decent stack and will likely buy a bit more. I know I said I had reached my target and was done buying but these are exceptional circumstances which call for a rethink. Going on recent history and the fact that the issues of the 2008 GFC have not been resolved and if anything the mistakes are being repeated I want a safe haven. I have a very strong feeling the proverbial is about to hit the fan and there are no bandaids left to patch over the severed limbs this time around. This could get very ugly.
Look at it in a rational way. If it drops $2/oz, you've lost $20 if you sell. Can you afford to lose $20 in the short term?
Here are some facts for perspective. In 1983, 30 years ago: 1oz of silver was around $10 (in both USD and AUD) median Melbourne house price was $50K My investing thesis (being an ingrained bargain hunter/lowballer): buy what is CHEAP
Sub-20 registering on silver / $AUD now! With events unfolding these past couple months and with the benefit of hindsight, it's a fair to say that the run-up from mid-2010 to mid-2011 and the run-down to now (mid-2013) was a huge bubble popping... Having said that, we have reached an 8-year support trend line as shown... i really hope this one holds as I have backed up the truck in silver miners
How can it be a bubble popping when the cost to get it out of the ground is NOW higher than spot? Unless you're a minnow miner with one employee and a bluey. Surely the miners deserve at least a modest mark up for their efforts. If not, to all you miners out there, sell your machinery, sack the people, sell the leases, cash up and head over to Perth Mint! You can now buy it cheaper retail or at least until it's SOLD OUT!!
Here is something for you. In 2005 --- a whole 20 yeaars later silver was STILL only $10USD an ounce When you take into account 20 years worth of inflation that would have been a bad investement
