http://forums.silverstackers.com/topic-35213-gold-and-silver-prices-2012-update.html I found the above post very interesting and, looking at the last 10years, only two years where silver posted a loss, one 4.3% one 10%... Make we wonder, will silver be in the green or the red this 31st of December based on Jan 1st data... As of 1st Jan 2013: Gold: $1609.37 AUD, $1673.59 USD Silver: $28.96 AUD, $30.10 USD
Comparing prices of two days with a very unstable price isn't reflecting reality. A more real comparison would use the averages of the years. The USD average of 2012 was $31.15 2013 so far is $24.66, which is -21%.
it will be lower, it has been on a downward slide for the past 2 years I believe it has pretty much hit the bottom now and will go <--------- SIDEWAYS ---------> for the next few years until starting to rise and stay up again.
wow the only point you ever post is Silver will go sideways. Sideways, Sideways, Sideways. You never say why you only say Sideways.
So it looks like sideways - and then up. Up in the future. That's what stackers are betting on. And thats all that matters.
Profit nor loss is my goal. Break even is. A bank account wasn't. Trying silver. Judgement after X years, when comparing accumulated silver sold, versus what a bank account would have been. Aside of that, I control my savings now myself, instead of letting others spend it in my place at prices they drive up until I have to pay them. Over this period, I will try to pick better moments to add (and if needed, sell). And not like all, but chunk by chunk, similar to bank savings. I think that's what real stackers all do. Those that don't, aren't stackers. Also, I won't be sitting with my nose on it alike the day/week/month/year buyers/sellers do. Now and then I take a data snapshot, as to know what's going on / who bought / sold / which quantity. Just to not be a clueless victim of the bogus stories spammers that use moon and doom to make a profit based on anothers loss.
I have in my older posts put my reasoning behind it and I did say eventually it will move up with inflation ;p just not in the few years
The stock market goes up, down and sideways too. Silver is no different. By Pirocco: My sentiments exactly. Hey Court Jester, I see you took on my 'going sideways but moving forward' crab observation analogy in your avatar pic.
I use a 12 month rolling graph just for my own interest. That indicates (to me) that I should stack but do so carefully.
decided been bouncing at a bottom for some time, with hints at ups. so, adding 10% to stack bought couple years ago. my 2 bob worth !
Me too. Adding slowly and picking my prices but want to increase my meager stack by about 20%. I will splurge if the right bargain comes along.
