Hold fast, I take your comments on board but do believe if GFC2 turns SHTF, I would expect two dynamics that will effect the silver price here in Oz. The first is that the AUD could well rise against the USD bringing AUD spot down. Secondly, if the economy tanks, industrial silver demand would decline again reducing spot, tempering the increase in investment demand.
I suspect we will see the end of this bull market in precious metals when the Dow/Gold ratio once again gets down somewhere around 1:1 This chart is a little out of date. We are around 12:1 currently. Still too high to call stumps.
I'm kinda use to sleeping on a lumpy mattress now, so I'll hang in there. At these prices every spare dollar is still going into silver.
from a baking up TRUCK DRIVER to the CAPTAIN of the Odyssey it's a promotion from here on, from above ground to the bottom of the sea. really need to go there to get the most part of the silver bottom. all captains please report at Tampa :lol:
1. It would be stupid to first stack silver at a higher price to then discontinue stacking at a lower price. 2. 'Realise losses'? Who sells at a lower price? 3. The stack was there when the price was higher, and it's still there when the price gets lower. Profit isn't the goal of a stacker. Preserving is.
My path to $1111 Usd or less gold And $17.49 Usd or less silver Just might happen But nobody knows lol
1. Equally stupid to continue putting your hard earned into something that could keep going down in price. 2. Eh people that have to. Didn't you yourself say you buy silver with your spare cash and sell it when you need to pay bills etc? Considering you bought some at $30+, that would mean you've had to take a loss. 3. If a financial institution offered a product that guaranteed preservation of wealth at no extra cost, how many stackers do you think would take it up instead of buying silver? The minority is my guess. Many of us see silvers potential to explode in price and we plan on selling high, thus taking profit.
At this point as far as price anything could happen just look at BTC For me BTC is telling me something about Silver .Silver is value and Silver is undervalued and people are disenchanted in the world ATM I am a strong buyer of value if its 22 or 15 no matter just put it away is my thought At this point in time I am very wrong
Am I crazy or confused? I see you all buying silver as a hedge against fiat destruction and collapse. Yet, all you discuss is 1. Measuring your silver against what is being destroyed - fiat 2. At what price you will bail out 3. If you bought at a higher price you are upset. Just a few points When silver and other real things start moving up I guarantee you it will not be because the average Joe will suddenly realise the value of the metal. It will be because the central bank - government cartel have lost control. So at that point you will swap your metal which they can no longer supply or control for paper that they can ? This does not sound too smart.
so whats the metal for then smartie, hold til you die your headstone would read "he was true to his stack"
I think if we have GFC2 or SHTF, PMs will be used to barter for goods or services. But at the time fiat would be used as the intermediary.
For the this price cycle I'm targeting spot $18 to order 5 kilo lunars. Based on the comex position trend: 23/07/2013 10113 $20.31 19/11/2013 17464 $20.41 About same price, but 7000 positions of 5000 ounce more. That's 35 Moz silver that has been sold during the price cycle since juli, which roughly equals 1 price dollar, so I selected $18 instead of the previous $19. It's just a method, but something is better than the many wet thumb price-predictions we see haha. Let's hope it happens this weekend. I like those horses.
I would have to agree buying at these prices....here and below is very good value long term. Price prediction should be gauged on accuracy and not method. Why? The market to a point is illogical and common sense will only take you so far and in this case often in the wrong direction. The truth is sometimes stranger than fiction. http://forums.silverstackers.com/topic-47523-how-the-fcuk-does-he-do-that.html
Where do we go from here???? "is it down to the lake I fear" ! I"ve been in the UK and Ireland for the past 3 weeks and let me tell you that those cheap gold shops are in places where they were never before. I've seen them all around London and across Ireland in places where you'd be lucky to get fresh loaf of bread or internet connection. Times are dismal over in the Ireland and as the approaching winter comes in who knows what is in store? Still the mass media there is telling the people they are out of the poo and times are great and the locals are believing it. With regards to bloody G&S personally I can not believe it but this sucker has been taken again ! It's amazing once upon a time no long ago I was pulling the trigger at $32.00 + and thinking I obtained a bargain. Now I have fcuking silver & gold which has depreciated so much I feel like using them as solder or weights for fishing. I"m sure there are others suffering like me but like all things I can only put it down to bloody experience now and wait, wait till it comes back again. If it ever reaches the heights of $35 there will be allot of people selling to break even. Here, bricks & mortar are shit, share returns are crap (depending obviously on your inside knowledge) and now G&S is brown turd - where does one look now for any half decent return? where's my crystal ball....
and if you had bought litecoins a week ago you would have trippled your money I have umped most of my stack cut my loses and moved onto other investments
Silver and Gold for me is just an insurance policy, I'm not in it to make money just store it. For me it's just a way of getting money away from the banks etc etc, don't get me wrong I have other investments but it is always a good idea to have a back up. The upside at the moment is, I'm now stacking Gold instead of Silver.
