At $22, it's still cheap, and if it's rising as I believe, we still are in front until it peaks. Then, unlike 2011, I'll flip to gold.
We cannot know where it will land in the coming months. Either it breaks key support and heads up or, this it going to be a peak and then then next dip will follow. I'm really curious.
True. When/if that happens, obviously my buying habits would change in a number of ways.. Most notably is that larger sizes (for me) like a kilo would be out of the question, unless my financial position improves substantially. Would stick with smaller coins as they're released. I started with 1-oz govt-issued bullion, and would still be content if that's all I could do the rest of my life. Would also probably off-load some stuff to help defray the costs.. Not much, but things of lesser quality, and/or some generics. I've made a few "mistakes" along the way, or my tastes might have changed as I expanded my universe, so those would be good candidates.. others might have some interest in them. Otherwise, I'm usually pretty selective & aim to hold onto stuff the rest of my life, passing them down to the next generation, if possible. $18 USD is still pretty good, though, IMO. I've purchased at a bit higher when my Ag budget was larger. It's just not as good as it was not too long ago -- nor is the budget there right now, anyway. Funny how $18 these days isn't as awesome for some as it was on the way down.. My advice is not to drive while looking in the rear-view mirror the whole time.
eBay Bucks. Cash-back credit cards.. Lots of searching. Patience. Random luck. Etc.. Maybe even a dash of exaggeration / sketchy math.. Remember, too, that sometimes, say, $5 over spot is still better than $1 over spot -- in a wide variety of circumstances. Premium is not everything!
If silver ever reach $30, I probably will have the same approach as you do, Gatito. I, too, have made "mistakes" by buying some lesser quality and generic coins when I first started. My grand plan is to quickly off-load them @ spot as soon as it is above the purchased price, and have the proceed to get myself a bar or two.
Either way I am happy, if it is low I don't think about the money I have lost on previous purchases I just enjoy getting a 'bargain'. If it goes higher I can enjoy all the money I am making passively! When it hits $26 I will be breaking even, roughly, I stopped maintaining the spreadsheets a while back but with the recent break-ins I have been doing a stock take, which sadly took about an hour and was a little disappointing... When it hits $50 I will sell half my stack to get my capital back and everything else is gravy. Until then I have no immediate concerns.
I am not a greedy man, I am happy to just get back every penny I have put into it and still have half my stack for nothing. If I get to sell the remaining half of my stack for $500/oz then I will consider it a bonus
Its a fear play on the European Central Bank announcement tomorrow night. You will see a real move up or down after that..... This will imbed the trend higher or start falling again.... but will keep rising until then. Many Happy Returns ThankQ
with the recent jump I think I am back in the black if I had to liquidate my stack , so not too unhappy.
Hmmmmm. My bad...I was just in the Westpac bank and the manager told me the "Australian dollar just dropped to 77c against the US....I questioned him at the time and he assured me it has.... i just checked myself and its 82c?
I think that's where the mix up happened. For a second I was hyped up. 77c is definitely on the cards though (70c according to some), at current spot that puts sliver at $23.70.
Unfortunately for us aussies, silver in AUD has gone up a lot with our dropping dollar, so the USD and AUS silver graphs have not tracked at all. USD silver is still fairly low compared to a few months back. It's back up to the same price it was in August, but in USD it's only gone up half that.
