Im 99% in Silver not the most ideal position to be in to be honest. I wasnt going to buy anymore but since this correction guess where my next pay check is going.
For sure, I should know General Advice: If silver gets screwed, make sure you don't get screwed along with it. Money invested in any asset should be money you're prepared to lose. ps. "Money" being based on the status quo at any time (currently AUD/USD/EUR etc..) Personally, my stack is long-term, and I have no plans to sell at any price unless it supplies a primary need (e.g. it would be stupid to sell it just to buy a car ). It's intergenerational. I'll attach a note on it: "Guys, this is your great-great-great-etc.. grandpa: Don't sell this unless absolutely necessary. Respect my wishes the same way I respected the wishes of those before me.".
Er, yes. If my $8 can buy me a big mac meal today and it still can tomorrow, it doesn't matter how much the other currencies appreciate or depreciate. I live in Australia, that's all that matters. Signing out, had one too many and at this stage I'm easily baited.
As compared to? Silver is down far more than AUD in the past month or two. Even gold is down at the moment.
One of my all time fav graphics indicating why everyone should be stacking for their lives. I think the first time this was posted everyone decided Indium was a terrific future investment. It still looks that way to me. Platinum is a surprise to me. [imgz=http://forums.silverstackers.com/uploads/658_how_many_years.jpg][/imgz] http://www.labnol.org/home/how-long-will-metals-last/10648/
Indium tin oxide (ITO) is the really useful one, not indium on its own. ITO is used for the touch pad technology that is used in smartphones and tablets. We can live without it and there are some replacements in the pipeline. Not a great future investment because it is harvested as byproduct from mining other metals. If smartphones use other touch technology, there will be very little demand for ITO.
lol... I thought 'savvie' with more than one question mark did look at big condescending at first, but I agree..freedom of expression and it's not directly having a go at anyone. I just wouldn't do it.
I think indium long term is a great way to lose money due to the following reasons: 1. Its hard to find at good price 2. Its hard to sell at good price 3. Its value is determined exclusively (almost) by technology 4. The general public has no idea what it is, does, or its value. Technology changes and moves much too fast the high tech of today is obsolete in less than a decade. So unless you invested 5-10 years ago you're already paying a high price. And in my opinion hologram technology will take over 3d and lcd touch screen applications. So unless you have a good source to buy and sell at fair market value you could be left holding a pile of very useless metal, but you can cut it with a knife! Silver is not screwed, if you bought in the 40's and sell know you'll get screwed. Patience and a cool head is essential in this game. Silver has had two major smack downs this year and both times had support at the 30 usd dollar range. So as long as your cost average is in the 30's you're laughing. Hang on and 30's will seem like a bargain. Now is the time to buy and when it gains back into the mid 40s sell a little and hold onto your profits for the next investment, or drop!
Agreed. I hope Yippe-Ki-Ya knows Im just trying to stir him up. But I do find it highly annoying when he says Savvie though but it's his right to say it. Cant wait till Friday (pay day) bring on $20 silver.
