At what price would you stop buying?

Thats how I am, buy when I have the money to spare and only sell when I need the money and have no other options left

Cheers, HAPPY STACKING

 

Oh come on you will still buy the round 50s...its any addiction lol

Cheers, HAPPY STACKING ;-)

 

Meh, can't even buy an average house in Sydney for that.
I'll go off the grid at $10M. Just enough to buy a nice island and declare myself a sovereign nation.

 

And i can tell you what will happen then SilverDJ.
Sovereignty is great until your partner or a child claims you have yelled at them or embarrassed them and then???????????????
The US Government will come and take over your wee island and put in place a new government (probably run by your partner or children) and have you put in jail or exiled.
ALL IN THE NAME OF DEMOCRACY , of course

 

That would be the reason they give to the MSM, in truth he would need to buy oil in a currency other than the US$...

 

I hear ya on that one but I would back the semi up if it dropped to 5$. It will go back up right? IT HAS TOO!!!

 

Do tell, how much is enough?

 

Silver just got too expensive. not buying at todays prices.

 

I personally dont fret too much on a rise or fall of <1$. Im just happy to use some of my ever dwindling purchasing power of fiat to buy something tangible with it. I can blow 1$ on a bag of chips without even batting an eyelash.

 

I'll stop buying metal when I have 1000 ounces of silver and 100 ounces of gold. I will then resume buying both metals when my overall portfolio is large enough that those figures mean I have less than 20% invested in metal.

What is a spot price?

 

If you don't know a spot price how do you know when your metal investment is at 20%?

 

"What is a spot price?"

I was hoping that was sarcasm.

 

A certain percentage of my investments. I'm not silly enough to go all-in on metals, they don't produce any income and have a poor track record in terms of gains. I like having some in my portfolio though.
If I was going to go all-in on a commodity, it would be oil over PM's.

 

question: At what price would you stop buying?

answer: When the price goes up.

 

You are investing in SPY ETF or VFINX (vanguard)?

not just putting it into silver?

I bought my silver with some of the covered call premiums I harvested from my SPY holdings.

 

I do have a 401k vanguard account as well that may or may not be worth anything by the time I need it. Plus a few properties which one is completely paid for. Plus other , ahem assets. Metals accumulation is a diversification as well. Anything happens I will have something of value. No ETF's. I'm stretched pretty thin.

 

This is my philosophy. It's at the lowest price since I've started buying at around $18us. I haven't bought much lately due to some yearly bills that come around in august, but i'm ready to start buying again in a couple weeks. If it goes down I won't sell unless i need the extra cash, and if it goes up, that's a plus. Luckily I have a coin shop 5 minutes away that will give me 15-5 cents under spot since he can lock in rates with a wholesaler

 

Sorry for the double post, but this as well

 

I have watched a little on the oil prices. Does anyone else agree that it is a part of the "currency War" Starve the countries of their income, keep the USD high?

 

At the minute they are probably worried about the high USD to the point of putting off the rate rise. Inflation, as they measure it, is already lower than they want. Low oil prices are strangling one of the only 2 industries providing new high paying jobs on the US. The other, Silicon Valley, is pretty sensitive to the high dollar as well since so much of their income comes from overseas. So on pretty much every front the US would probably prefer the USD was probably a little lower, not much lower since so much of their economy is reliant on consumer spending on stuff made overseas, but they certainly aren't aiming to get the DXY much over 100, that would be asking for deflationary collapse.