I just started buying, am I an idiot?

I started buying at the beginning of last year when silver hovered around $15 USD per ounce.

I am still an active buyer today at $35 USD per ounce.

I will still be an active buyer when silver is at $50+ USD per ounce.

If you understand the fundamentals of precious metals and the fiat ponzi system, measuring money in dollar values seems rather pointless.

Put it another way...

You can either have this in your hand :



Or this :



Which do you think is 'worth' more?

No. I buy physical and nothing else. I would consider mining stocks as the only alternative, but I steer as clear of the SLV/GLD market as I do fiat currency, even more so in fact.

If you can't hold it, you don't own it Peter and when it all goes to hell, you are very unlikely to get a warning to dump it and exchange to fiat to buy the real thing. Even if you do, you'll be rushing for the gate with millions of others with the same intention.

Not for me thanks, no sir!

 

in regard to asx:etpmag and asx:gold I use these as holding portals for my share trading cash, I have averaged around 9% interest annuallised over the last three months so beats the bank account 6.55% any day

 

And physical silver up well over 75% in the same period.

Who bothers with financials in the current market if it's not tied to commodities?

 

Awesome Heath, love the Scott. I Don't think you should consider your too late in the game until the GSR is back to 15 so around $93ozt would be the traditional historical value based on the current gold price. However, the big game changer is new technology, solar, nano, supercon, so I'm thinking silver will far exceed the historical highs. Around $500ozt within three years is my roughy. It's not just nice stuff to have around like Gold. It has all these additional wonderful properties that make it so sought after for High-tech industry. Maybe $500ozt is very conservative?

 

people who keep reserves available for BTFD?

 

if you want confirmation bias I think you are in the right place!

 

I bought some at mid 36 Im ok, its long term.

 

Those who bought in at $5-10 would say Silver has already gone to the moon.

 

:lol:

malachii

 

expecially if you sold your house to do it!

..who said us schleppers couldn't turn a meagre wage into something people could only dream about..purely by slapping crappy cash for real money. hmm who woulda thunk it?