So where are all the people screaming " silver is a bargain" back the truck up? now :lol: Down Down Silver is down and staying down
At least your consistant CJ (-; If it goes below $18.00 is that out of your sideways range? House will have to buy another oz when he see's your thread lol Still not a bad price to pick up silver imo
Had to sell the truck after seeing my stack drop 50% in value on the way to the alleged moon a while back. A damp squib comes to mind.
well what would be your cost average on that stack now house ;p it has been going down this whole time
:lol: good call CJ. Well it was either that or spend it on something I don't need like an iPad Mini. Let's see which one is worth more in a few years time
Back up the B-double! But seriously silver looks to be on a bit of a slide for now. I think we will see $15 from there who knows? up or down or sideways? Its any ones guess. Edited to add "sideways"
Fresh oil change in my truck. Gas too. Reverse is working just fine Future hindsight is in your own hands. It's up to you. Good luck.
In response to your question court jester, i am personally buying as much as i can with the spare money i have. I do not intend to get into debt or use money i need for something else to buy silver and also gold. My reasons for this? Its simple, i like bargains, and this seems one to me. I will be holding onto any gold or silver i buy for 10 years as a minimum. Its only money i would have wasted anyway, so wheres the harm in putting it into something that "might" bring me a profit, will always be worth "something" at least, and i can get pleasure from looking at. So i guess i am "backing the truck up" in my own limited way, as now is a good time for me to get the things i have wanted at a cheaper price than i would have paid previously. But that's just me.
Well said and good luck - you are probably correct and now is definitely a good time to back up the truck. HOWEVER ... A few years ago when silver was considered cheap, some of us started to stack and as the price increased, rubbed our hands in glee and added to the stack. As the stack grew bigger so did the price and we stacked even more. This forum was buzzing with excitement and we were all on the way "to da' moon " to quote some enthusiastic contributors. All the experts agreed PMs were for the smart investors as the world was about to end, the USA falling from a fiscal cliff and the EU imploding ! Near the peak spot our stacks were mighty high and on paper showing a handsome profit. Then spot decided to drop .. and drop .. and drop even more. Cost averaging now kicks in, buying more metal to lower the average buy price BUT the spot continues to fall. When will it hit bottom ? Based on this experience sticking to Fiat would have been much smarter. Buying stocks and shares would have been infinitely better. Hindsight is a wonderful thing. So you newbies - jump in while you can and hopefully reap the benefits in 10 years from now but it is not a nice feeling to see our early purchases worth half their value a couple of years ago. Keeping PM losses secret from the wife is for the moment keeping my gonads out of the pickling jar. Yes- some of you will say give it time and the price will recover. Possibly, but those of you buying today may see your assets double but to us older stackers, we hope it will return to parity. Back the truck up if you can and as of wrting the charts have gone vertical !
As has been said earlier, this is also my pension money, I am looking at the next 10 to 15 years not to the next 12 months. yes things may well go lower in the next 12 months, but this is an oppertunity for me to put a bit extra a side. Good luck to all the flippers who think they can turn a fast buck in this game.
