http://www.perthnow.com.au/business...on-more-stimulus/story-fn7kjy2l-1226403832263 So does more stimulus = print more $$$??? If so, will we see a rise in Silver?
From what I understand, the markets were hoping for another round of QE which would have provided greater stimulus than Operation Twist I expect silver to continue to drop rather than rise The European situation isn't looking healthy, the media is generating rumors that Spain and Italy will be bailed out, but the ESM which is supposed to fund most of this won't be ratified until at least July. Plus the 500 billion euros it claims it'll supply is based on the statement that was made 3 months ago by the German finance minister which isn't reliable.
Ah the good ol days...I just found some receipts for 1kg bars I bought for $500 and a 100oz at $1500!
Silly to say you hope something you own goes down in price. It might just stay there for a long time or go down further. Sounds like a way of rationalizing a suspected bad investment. "sweet lemons"
I would sure like to invest in a 40ft cruising cat if I could pick up one for $1. If I could pick up another the next day for .50c I would be ecstatic. Value is the thing you are missing from your equation. If something has value and the price is low why wouldn't you be happy. Are price and value that same thing? That is what investing is all about
They arn't hoping for the sake of their oz's that price will go down, it is the oz's they don't own that they are keen to see discounted
Im a newbie in Silver stacking, from various observations/posts there seems to be a rally each time the market hits rock bottom When is rock bottom or how low it will go I don't know. But would love to buy at each big dip and grip on tight during the ride downwards/upwards.
I think I got you beat. Back when I was 13 my dad convinced me (made me) buy 30 ounces. Price: $150. Thanks dad.
Well the days of 2005 which if I remember buying 1/2kgs for $130 and 1kgs for $240 should be looked forward to then !
That's me Got my first silver purchase at $45 per oz about 12 months ago. Has been hard watching the $ value of my investment/savings plummet, been a few times I nearly sold out - BUT, I keep positive about it, have been accumulating small amounts continuously so I have now averaged down to about $38, so is still an oppurtunity to reduce my average oz price. Plus I have learnt a huge amount and am more comfortable with my purchase decisions now - no hurry for the price to go ballistic just yet
So you've been losing even more money all the way down. This is called averaging down. Lets hope it goes up again soon and does not continue down , and then stays down. But I suppose you could average down even more then. If silver falls to 0c we could all buy as much as we wanted and all be rich!
Hadn't thought of it that way - even more depressing, thanks for that :/ Just kidding. My silver purchases just soak up any extra $ I have, would waste it on crap otherwise plus am in it for the long haul - silver will go up again and down again, so just a waiting game (could be 6 months could be 6 years). The only thing I regret getting was those bloody PM Dragon bullion coins, paid far too much for them as a silly newbie - won't/havent made that mistake again. At the end of the day, I enjoy the silver bug - hunting for those elusive special coins and looking for the best buys I can get for my money. I'm a 'glass is half full' type person - I haven't lost a cent on my purchases untill I sell them
Wasn't trying to depress you,just trying to maybe save you money. If your in for the long haul ,6 years,you be all right.Better than spending it on worthless stuff. And the hunt for a bargain is always exciting. A lot of people just want to save face and so go on doing things that lose money. They say peoples share portfolios end up full of shares that are falling. Can't admit they made a bad choice and sell,because they would lose face. All the profitable shares are sold . Instead of selling the falling ones and keeping the rising . Not to say that silver might not come back in a big way and make a large profit. Doesn't seem good at the moment thou'. Prefer gold myself.Safer.Though its losing at the moment as well.
They'll try anything to keep the market inflated.. Easing, twisting, what's next, the electric boogaloo?
