I think and hope silver comes down way more...but of course, spot going down may just result in premium going up for many coins. Supply and demand largely determine premiums I believe. I am holding off and in the meantime keeping money in stocks and making profits. Within the next 6 weeks we will possibly see a low for silver and then I buy.
Depends on how much and what type of bullion. (Plus a hundred other factors) If you are buying just a few coins, buy anytime. If you have a substantial sum of money (What-ever-that-means), you'll need to understand why you are buying, how long you "can" hold for; your short or long term objectives and most importantly how you will sell. Are you a speculator or...not??? There's many things to consider and to be honest only you can work-out what to do. For all we know, you could be 99 years of age with liver cancer, who has a million bucks to invest or a young bloke of 26, fit as a mallee bull and twice as dangerous with an annual income after tax of 600,000 bucks. Having said that, I'm buying "more" metal if silver drops below about 20.50 but...I'll be closely watching the Australian Dollar in relation to the spot price and...dealer premiums. Buying today when the AUD is trading at about 97 bucks could be a blessing in disguise; if metal prices drop, you could make the asumption that the AUD may drop as-well. If the Aussies crashes (I don't think it will) metal will become more expensive. See it's complicated aye??? Note really - If you think the world is having a currency crisis, if you think the US Stock-market has rediculous PE ratios and is ready to collapse, if you think Europe is in strife and the American economy is crap because their GDP is up to shite and there's no end to printing money and if you think the Japs, Indians, Brits, Yanks, Aussies are cutting interest rates then you'd have to agree that things just aren't rosy. See, it's not complicated, imo, it's a no brainer buying physical metal...but.... Have a modest home that you own outright...have no debt, have a large vegie patch, store water, wood, coal, physical metal and have enough cash to pay your bills and any emergencies that may occurr. And...never think you can't get sick or lose your job. Remember the important things in life...once you've made an appreciation of your own life style, then consider when you should buy metal. H
Because the silver price is quoted in usd, then your currency vs the usd equals your price. If your currency does bad against the usd it can seem like the price of silver is rising but it hasn't moved, it is clearer to follow it in usd for trend prices. In your situation if Canada say cuts it's official interest rate to 0% and the Canadian dollar drops overnight and say one ounce of silver costs an extra $2 and the price of spot doesn't move then to the rest of the world silver didnt move, but to you guys it did so you saying oh silver did this and that no no it didnt
Exactly! Just like the $26 bottom. No one knows, it's pretty much a gamble. Red or black anyone?? (damn green)
I'm just pointing out the difference of people in two countries commenting on the trend of silver incase you didn't pick that up
But if the usd itself strengthens against all currencies and silver falls in usd but not in any other currency, then silver has not really fallen Or the reverse if the usd goes down It might make charting easier to ignore currency effects but the rest of us are living in the real world where we buy/sell in our local currency
Since I buy in cnd dollar, it make sense for me to follow it in Canadian dollar. But I do follow it in USD as well but I convert it to cnd currency when I check kitco.com so it makes more sense to me in cnd. I don't go to the local PM dealer how much it is in USD. It doesn't matter to me what it is in US if I'm Buying with cnd currency.
i agree silver and gold isnt falling in price any more its just the USD is now stronger silver and gold is static"ish"
Silver is oddly less volatile nowadays, dollar is stronger (but weakened today) and gold is extremely volatile! Weird times we're living in!
The GSR is rising to 62 ? That is strange in this rally? You expect Ag to run ahead of Au? We are in weird times.
Last night I was looking for a pull back in AU to add to my position... Ag pulled back but gold did not GRRR!
