I would buy a property, and rent it out. That's what I am looking in at the moment. It will give you a steady revenue, which silver won't give you. So even if the price of the property drops, you can still pay off the mortgage with the rent. Once the mortgage is repaid, you have that steady income for life. I think historically, properties have performed better than pm, though of course there are high and low periods, when one is much much better than the other. Nevertheless, over the long term, properties are better (unless the shtf of course).
I would buy a brothel and rent out the girls.... I'm not looking for what ifs, tell me what you are doing!
lol you think 6 months and the and it will all come crashing down you are 100% mistaken and just plain wrong. Just like your last 2 x failed predictions.
[youtube]http://www.youtube.com/watch?v=S8QM79i-lXQ[/youtube] Too much talking... guys get out of the way please
I recall at $27 I said $30. I was $3 out. At $27 you said sideways, you're $7 out. Don't talk to me about failed predictions.
Since my initial post, GSR has dropped by 5 and silver has gone up 10%. I believe that the golden window of opportunity is starting to close. Last August silver went above AUD27, the same time or price will effectively bookend this opportunity. This does not mean that we should stop buying silver then; only that we leverage our purchases against the GSR, the exchange rate, and the bullion/numi index, (if there is such an index). Until then, maybe less than six weeks, shop 'til you drop.
Time for reflection. The last year has shown that silver slowly rises, drops to a new low, rises and drops to a slightly lower low, etc. GSR is up and spot is below all the moving averages. The question is, do we choose to make our next purchase based on our experience in having bought during the 2011 high and the subsequent 3 1/2 years, or do we detach ourselves and look at today as a stand alone situation and base the next purchase on today's scenario? My answer is to keep buying. I can't think of a better purchase, I don't believe there is any other asset that has such a low buy-in which allows you to build on past purchases. Once purchased, it is yours, to do with as you like, grow, slow, sell, whatever; no one else's business.
With Summer coming, we can all wear midriff t-shirts at our next meet and inspect each other's navels for the solution.
I have to agree with sammy silver. in AUD, this is about as good as it gets. Our dollar falling will counteract any silver declines. Take a look at the credit bubble popping in china and think it through.. our terms of trade are going to get smashed. And who knows what the shanghai stock level situation will result in? down to 93 tonnes, last I read. *burp*
Noooooo. FWIW My colour therapy book says silver is the feminine dimension of the self. It is also the thread of cosmic consciousness, attaching humanity to the other side. It is a tranquilliser and brings clarity which helps resolve disputes - it takes an unbiased stand. The negative side of silver is a life without substance, just delusion.
It's possible that I buy 4 kilo next weekend. Depends on fridays COT report about yesterday. I'm not in a hurry, if it isn't this cycle because I may already have missed currents bottom, there will be other cycles, about every 3 months there is one so a next one would be end this year.
Its interesting to think that eventually there will come a weekend that will be the last weekend for sub-$21 (AUD) silver and we will truly look back at those days as a golden time to buy silver while some people will look back in regret at the lost opportunity while they waited for the next promised low that never eventuated. We'll probably only know in retrospect which weekend it was. World events may surprise even the most ardent bears.
Or when silver is much lower and people never realise its value and silver never realises its potential. People will think, I could have sold back then now I can only get $9/oz... those were the days. Hahaha...
I've been a bit of a goose since this thread started. I didn't buy that new car I wanted, I bought silver. I didn't go on that overseas trip, I bought silver. I have slowed down the economy, but I have stacked silver during this golden time.
