$27.00 silver!

Discussion in 'Silver' started by Shaddam IV, Aug 28, 2019.

  1. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Partying like it’s 2011.
     
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  2. fishduck

    fishduck Active Member Silver Stacker

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    so you're happy with what you have and dont want to buy more at a lower price?
     
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  3. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Alot of the members here are old timers from way back. They want the price to go to the moon.
     
  4. Number 47

    Number 47 Well-Known Member

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    You won't be thinking $27 was expensive when silver eclipses the 2011 high.

    I'm still buying.
     
  5. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Correct.
     
  6. fishduck

    fishduck Active Member Silver Stacker

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    I'm not thinking it is but acquisition is becoming a pain with people jumping into the bandwagon :(
     
  7. 66rounds

    66rounds Well-Known Member Silver Stacker

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    When I started, gold was $1800 and silver was $22 an ounce. I found it very expensive but budgeted for it. Now gold is at $2200 and Silver at $27. I could have literally taken out a loan and bought in and be better off for it. If you are investing, it may hurt when the price goes up. If you are truly stacking, then the price is irrelevant as today's high is tomorrow's low. Even if you buy in now at these prices, you will see the fiat value increase significantly in your life time. Even if QE-infinity doesnt cause an economic crash, we have peace in the middle east and start mining asteroids, your gold and silver will still maintain SOME intrinsic value that you can benefit of.

    Long story short: If youre investing and have missed out, maybe youre right to cry about price. If you are truly stacking, forget spot and stack on.
     
  8. openeyes

    openeyes Well-Known Member Silver Stacker

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    Ride the wave or don’t. But complaining won’t make a profit.
     
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  9. Silver260

    Silver260 Well-Known Member Silver Stacker

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  10. willrocks

    willrocks Well-Known Member Silver Stacker

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    Or to just break even.
     
  11. openeyes

    openeyes Well-Known Member Silver Stacker

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    Ouch
     
  12. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Same same!:)
     
  13. Slimey

    Slimey Well-Known Member

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    To tell you the truth, it is like a dream unfolding. I have been waiting for so long that I keep expecting to wake up and the price is a lot lower. It is hard to grasp that the price might just have turned and began its slow ascent to a much higher price.
     
  14. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    [​IMG]
     
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  15. systematic

    systematic Well-Known Member

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    The stock market is not for everybody ...
     
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  16. dozerz

    dozerz Well-Known Member Silver Stacker

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    waiting for that $40 to break even.
     
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  17. fishduck

    fishduck Active Member Silver Stacker

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    If you break even, will you be selling (you don't have to answer if you don't want to)? Just a genuine question because I hear people say this all the time.
    Cheers
     
  18. SilverDJ

    SilverDJ Well-Known Member

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    Ouch. I find it bit hard to relate to the pain of the $40 crowd after having come in after the crash. Most of my silver was accumulated under $20.
     
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  19. Arch Stanton

    Arch Stanton Well-Known Member

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    Me too. I will reach my break even point for my most expensive purchases with another 70 cent rise. With the way things are going, that should be this week. Will still be buying till we break 20.00, then take a break and watch.
     
  20. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    I figured that the price rise was just due to the AU$ tanking but I see the US$ price is also rising!

    I have enough silver so buying is not an issue for me. Last time I was greedy and wanted to wait for prices to double before selling half my stack and recouping my investment. This time I am too lazy to try selling anything, I will wait until the rise after the next crash!

    I broke even on the majority of my stack at $26 but that is only because I bought over 20 kilos of junk silver at that price which skewed all the years I was buying at $14.

    I only bought a few Kangaroos at spot $50 but they were priced at $50 for years anyway so other than that I wasn't buying.

    I tell a lie, I did buy another couple of kilos of predecimal silver off an Australian collectors' website because the supply was drying up (Queues outside bullion dealers, 3 month waits for delivery and nothing cheap on eBay) but prices were rising so rapidly that I got an email a day after the auction telling me they had miscounted their stock and they didn't actually have any left. The same day they relisted the coins.
     

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