you provably did read similar things at $19, but you can't deny that it's a statement more and more likely to be true as the price drops. Figuring out exactly what the bottom is and buying big when it happens has got to be good for the ego but as long as you got in within a dollar or two your doing pretty well. For those of us in Australia you have to keep one eye on the exchange rate to, the final usd silver low might not be the aud silver low.
Great Post. However, I swear I read similar posts when silver was $19, and that i just wasn't going to drop much more, but had a lot of upside. Wouldn't the same be said if it drops through $14. ... with people saying $12 is a resistance that will be tough. I have absolutely no idea if we will be at $17 US next week or $15. Likely somewhere in-between if I had to random guess. we are all in the same boat for now!
I don't bother following the spot, it means nothing to me, all I care about is what AUD price I can buy and sell for. I was so hanging out for the AU$200 10oz bar and got within $2 of that but I didn't buy But as has been said, as long as you buy within a few dollars of the bottom, you are fine medium-long term.
that's my point on both counts, but the spot is important, the spot drops and do do the prices at most bullion shops. I picked up a 100oz bar for $1800 aud delivered. I know silver is going to go up because I'm not lucky enough to get more that cheap again.
Yes, generally, but if you are talking the US spot, then that depends on where the AUD goes at the same time. As I'm buying and selling only in AUD, if I am looking at the spot, it's the AUD version. I'm not entirely sure if Oz dealer prices follow the USD or AUD spot price? as I've noticed possibly some variation on the same dealer across products. I guess it depends upon where they source each item from? e.g. Perth Mint or US mint etc.
When I sold a bunch of pms and took the check to the bank, the teller ask was I a coin dealer. I said no, I found the coins diving. :lol:
This update mainly for GP and Joe at GSs. I had my best silver day ever 2 days ago. Got my 800 dollars back on the fake 600 gm bar bought at the top. As soon as police mentioned not one protest paid up .Must have known. Tried to get the bar for you GP but no luck. Alls well that ends well.
moving yeah move it move it [youtube]http://www.youtube.com/watch?v=CoOWQDQ-lEw[/youtube] what boat :lol:
But we definitely went under 200 for 10 oz. I got 2 NTR Goat 10oz bars off BiGs at $189.50 on the 5th Nov.
Don't worry, the boat will come back to shore. You will still be able to buy for $15 /oz, and much lower. As for the A$, of course, that might go up and up.
I'm talking about the major online dealers. Perth Buillion, Gold Stackers, Bullion Money et.al of which I've always found PB cheapest overall if paying by PayPal.
You might see a bit of a bump in the A$ but from everything I've read it won't be much and mid term we're cruising for a bruising. If you think silver has another big low ahead you should be looking for a way to buy cheap USD to take advantage of it if and when they happen.
I am surprised that both Gold and Silver hasn't tanked today Considering my trend of it dipping straight after a decent $$$ outlay Here's to a new beginning I guess..... to the moon lol
