^ you are wrong. When world economies collapse people will see silver and golds real value and security. And I doubt it will take a few years after crash like last time to surpass $50. People will remember.
Bullion check.. maybe your not down at all, maybe you purchased Lunar Bullion from the Perth Mint ie: the 2011 Year of the Rabbit or perhaps you purchased some of the previous years Year of the Tiger reduced to clear "old stock" -- if so you can sell for a profit even though spot has halved. Some silver bullion has done extremely well.. maybe you purchased an "old" poured 10oz bar like a Perth Mint or Engelhard which back in 2011 was rather easy to do.. Same story with 1966 50c, 1937 crowns and 1927 Florins which have all appreciated well in the last 5 years. Its not just what spot has done alone, its also the silver that you choose to invest in.
Why would PM's hold real value and security over anything else? And aside from forum members, how many people do you know are aware or actually care about PM's?
Ignore all the noise and bs, have you sold? If not you haven't lost anything, except maybe the opportunity to invest the funds elsewhere. I'm sure all of us have seen losses on paper, but you need to think long term. Silver is not going to zero, and most people would agree it's price should be at least double where it is now is just the markets don't reflect that, yet. if anything the recent rally should give you an idea of how quickly things can change. Hold tight, lots of upside still to come.
Shaba22p you are from the UK. There's been heated debate regarding the "pound" if Britain exit the EU. Some have said that the pound could drop by 20% against the USD. Just like the AUD which has fallen against the USD, holding precious metal "could" be a hedge against other assets. "Maybe" Perhaps the turmoil in Europe could amount to religious civil unrest etc and an Exit For Brits could send gold and silver higher. Higher spot in USD and a falling pound could see your silver rise. Having said that, no one knows the future but holding some of your investment in physical metal is probably sensible. Over here in Aussie land, some of the folk who purchased Perth Mint lunar coins are doing just dandy.
and most people would agree it's price should be at least double where it is now is just the markets don't reflect that, yet !!! Things are worth what the market is willing to pay. Its this kind of thinking that lost half of the fellows money on silver. Hope.
Dont buy silver or gold unless you can afford to never sell it. This is the knowledge I have gained from this forum! People get comfort in seeing house price rises daily from the bullshit MSM when they are mortgaded up to the eyeballs! Buy a house keep it forever and forget the interest paid out and possible proffits gained. Buy silver keep it forever and ignor spot prices! Its all about accumulating wealth, forget the dollar value and think in oz, s owned
I am from the Netherland and the reason why metals hold value is: Look at the simple history facts... U ever saw a gold ending up in hyperinflation or silver? Yes the roman empire that fell apart cause of deflating the silver coints (mix them with other metals so the silver content ended up being small) and in the end the money was almost worthless and people (soldiers) stopt accepting it and stop fighting the wars for worthless materials. If a Australian 1966 silver coint is worth now 8$ and it was 50 cent in "66 that tells me the fiat money has lost 16x its value over 50 years... And in my case as being in this poorly designed EU we had silver money (the last silver coint was made in 1972 but they where identical to the nickle ones after that in terms of looks and both served till the end of the Guilder) in use till the Euro was introduced in 2002. Our propaganda machine from Brussels says the Euro is a very very very solid coint it keeps its value.... At the exchange rate 1 Euro=2.2 old money....Now the coints with silver that where rated as 0.45 buy u 2.2 now cause of the silver containt. And wenn u get see ure investment back is a matter of time cause,globaly money is created like never before but the more there is of something the less value it has...1 Peter Brock Opel Monza/Commodore coupe is worth much more then wenn 40.000 where produced. Watch wenn bad things happen like as example this week a bank in Belgium closed it doors cause it was technical belly up and people at once tryed to take there money off..Or wenn Italy or spain end up in big financial problems and stuff like that..Then u see prices rise soon after http://www.reuters.com/article/belgium-banking-optima-idUSL8N19039J U get ure investment back as soon as the shit hits the fan and look at the current world,more and more countrys are falling apart:Suriname Greece Venezuela Zimbabwe Belarus (and the middle east in fire thanks to those lieing war making terrorist named americans) and many more and bigger meaning nations are added. Wait and u see things change soon (1-4 years) enough and then prices will rise...
Aside from dealers, do you know anyone who has been made wealthy from buying and selling/accumulating physical PM's? Does anybody?!! Buying only a non-income producing "asset" to hold forever is not the way to go.
I agree House, most people don't buy enough to get wealthy, we are not going to get rich buying $100k it's wealthy that get wealthier.
There is no evidence that will happen, just speculation. Silver could stay flat for 20 years for all anyone knows.
Bang on. If you had put your money in lithium shares 6 months back you would have made more money that anyone has ever made in PM in their lifetime.
And if you sell you get a capital loss you can carry over indefinitely to other capital gains in the future.
The same 99.9% of people who couldn't have cared less about gold or silver after the last GFC, those people? When in modern history has a majority (or even a significant minority) of the population ever "seen silver and golds real value and security"?
Jip..............Ure right the 95% of the people now who dont understand a fuck of the money system wont know nothing.. Lets say today all paper money becomes worthless......Something else need to replace it and in history 1 thing did that job perfectly and many people in the world know this so i am sure metals will get highly valued again vs a dead fiat currency as trading tool.
One main reason PMs went down straight after last GFC is coz people panicked and sold everything in their portfolios which included paper PMs. Then it rocketed up. Being not that long ago people will/should still remember PMs as value and security during a GFC. That is one reason why I think next coming GFC PMs will not take 3 years after GFC hit to go $50 or more again.
The price of gold is repeating the same pattern from the 70's which was the last real economic upheaval. It rose, fell back around 50 % and then pushed to the high. It is the pattern which is important. Study any market which results in a parabolic blow off and you can see that the size of the base is extremely important in determining the height of the parabola. The mid pattern drop and recovery should look like a 'V' shape....so the mid boom silver drop is about 5 years so expect a recovery of 5 years. The parabola will develop from this base so after another 5 years it should be 4 to 6 times greater. If you want the big push early you will find that it will be at the expense of much high prices later on. Silver flat for 20 years comes after the blow-off.
