I'm 50% down on my silver coins and bars investment which i started in 2011. Will i ever see a return on my PM's in the next 5 to 10 years?
4.5 years drop...4.5 years back to the top....4 years to the parabolic top... I would say the 5 years to get your money back and 10 years to make a significant profit. The same thing happened in my area when I bought a house in 1990..It began to fall in price. It was 10 years after that when my house was back to original purchase value.....5 years later again and it was more than double the price.
Wow, it was not down to timing the savings were not available and getting in was still an option. Better late than never right?
When i started buying PM's in 2011 my long term outlook was 5 years. As of 2016 the down trend as come to an end so up we go with another outlook of 5 years and as long as i'm holding there will come a profit to my initial investment cost.
Very unlucky. You can either cut your losses and run and realise them or sit and wait in the hope you make less of a loss. At the price points you may have bought at personally I'd be incredibly fed up. The only good news is that whatever you hold - its unlikely to make further substantial loss. A profit? Doubtful but whatever purchasing power is in them as of today and the last couple of years will probably still be in them in 10 years.
The question is do you have something better to put the money into? If you have a plan for the money you'd get back? I'd say silver, if you're already holding, is a hold if you already have it and you'll likely see a price increase in the mid term. On the flip side, if you have a real deal stock tip, sell now and get in to that, you can always get back in to silver. If your real question is will you ever see $40 silver again the answer is yes, but then I'm a bit of a bull at the moment.
In USD terms, if you bought at the peak in 1980 it took until nearly intraday peak 2011. If you bought at the peak of 2011 then the question is what next? The baseline crept up from 5 in 2003 to 20 prespike in 2010 falling back to that until just recently. We have just seen the first uptick in 5 years. 1982 can offer some historical correlation to now, a bounce from 5 to about 15 before settling back to 5 for ages.
You still have the same ounces, correct me if I am wrong. You taking a chances, didn't you ?? At least you still have the metals. Take it as you put in the cold storage.
Don't lose hope just yet.....in real terms 2011 was nowhere near a real high. Not by a long shot. My friend bought two 1kg silver bars at the peak in 1980 at approx. $1500 dollars each. That would be close to $5000-$6000 in todays terms. These are the numbers to watch.
I bought back in 2006 when rounds were $5 and silver could be bought without difficulty under spot. I won't be surprised ( read between the lines....if it doesn't happen I have an excuse ) if gold goes to mid $900....so whatever that may be for silver. The aussie dollar is an issue. The fall in silver in aussie dollars may be cushioned by a falling aussie dollar. Rough guess.....silver U.S. $10-$12......aussie $14 -$16 I may even gets some rounds at $5 again.....
Do not sell your silver now. It is going to skyrocket this year or next. The next worse decision you can make is to sell your silver just as the bull market is about to begin.
^ It's not based on hope. Silver will skyrocket to 2011 levels again probably higher. The economic world is deeply rooted in debt. Fiat money and economy is hope, not silver.
The worlds economy has been rooted for a long time. Silver continues to fall. As production falls , so does the use of silver. In a collapse, it will fall further. It's an industrial metal. Who here thinks the world economy is on the brink of improvement.