This is called Price Anchoring - psychological ties to a price from the past and making it the relative center point for all other speculation. Silver is way way overpriced and Silver is way way underpriced Just depends on what number someone has anchored their mind to Silver was $18 when I first remember looking at it in 2009 It was $24 when i started investing in it in 2010 It was $40+ in 2011 It's $26 now Its average price in the last 30 years was about $4-8 while everything else has gotten consitently more expensive yet somehow Silver has not partaken in global inflation UNTIL NOW - and some of you guys think it will go back to pre-inflation prices? Thats like expecting BigMac meals to be 3.50 again! Or a can of coke to be 50c again.... Who would buy a 4 bedroom house for $115,000 in the rich suburbs of Melbourne? Let me ask a better question who WOULDNT buy it for $115,000 because they were scared it COULD go back to $50,000 or even some dickhead would be expecting it to get to 10,000 Look at the silver charts... inflation doesnt exist! Yet we know it does because we buy $115,000 houses for $800,000 - $1m dollars today. We need to put this in perspective, get the bigger picture - revamp our investing strategy so we dont bankrupt ourselves and GET OUR HEADS ON STRAIGHT. Greed will bankrupt you. You are only s'pose to invest capital not living expenses as well! We need this correction - psychologically speaking, to get all the dickheads out of the silver market
Define a winner Someone who sold their money back into fiat currency? You and I are obviously investing in silver for very different reasons.
Winner is defined as the last looser.I only buy Silver because it's shiny and heavy and I like seeing it in the safe. That cant be that wrong ?
Fair enough. I don't believe my mind has a price anchor. I am willing to accept price swings either way, and am covered in both situations. IMO price anchoring is probably why I often get flamed on this forum for having a short-term bearish view. Good reasoning, but inflation is long-term. No one can tell what the short-term price swings will be, but people need to be accepting of the possibilities. If you aren't then this may be due to price anchoring. What's wrong with dickheads in the silver market? They provide both price support and liquidity.
The fundamentals for silver are why I am investing in it (as well as gold and other assets) as a protection from these things.... Dishonest currency practices Dishonest currencies Inequality in taxation Reduction of personal financial freedom and property ownership rights Wealth tracking Soverignty decay Medical selective ethics (ie obamacare and its australian equivolent) Freedom of speech supression through economic punishment (fines) Preparing for the underground economy Only issues with 'price' is - I want to get as many ounces as I can at the lowest cost. Im not a collector of pretty things. Dickheads in the market are people who cause bigger booms and deeper busts - ie exaserbate volitility Which is great when you want to make profits, but really annoying when thats not your primary goal.
Long enough so that I can keep buying - be nice if it lasted another year - and this from a guy who bought silver in the mid to high 30s and low 40s. Keep stacking -
I always buy. I get as much as I can, with the $ I have. I don't know what happened to the price over recent months, as I have been out of the game, but if I don't keep buying, I won't grow ounces. It's simple logic, but it works for me.
The sensible to dickhead ratio in the Silver market is probably the most skewed of all commodities. It is hard to shake them out when they're not even aware they are on the wrong side.
