Hey Guys, So here are my thoughts... Ive just started stacking with all available fiat, and am wanting to continue hitting it hard, but Im also saving to go travelling the end of June (UK, Ireland, Scotland...NOW?, you say?...) It suddenly seems like a no brainer, but now Im thinking of putting all my saved fiat into silver, and continuing to do so, then selling closer to my leave date to finance my travels (and continue to stack of course) Things Im thinking about are Capital gains and, (?) a falling silver price..... Not seeking financial advice of course, just the opinions of seasoned stackers What say ye?...
I'd take my silver to the UK. Convert it over there. Hands up any UK stackers who want 6adam7 to bring you a little VAT free silver present
I am new to this whole PM stuff but putting all your money into a speculative investment is a risk especially considering your plan to hold short term. Your decision but if the silver market tanked tomorrow.... not saying it's going to happen but there are no sure things in this world.
Don't do it and I'll try and explain why without being offensive. What you are saying is basically the same as going to the casino and putting it all on black. You may win or you may lose but your risk profile is huge. Silver has had an incredible run over any term you wish to look at. Technically the MACD, RSI and Stochastic are well in the over bought territory. At best I would say it's 50/50 whether it will go up or down and if I'm honest I would say it is closer to 25/75 against. This to me is a classic statement of a stage 3 bull run. People are ignoring what has happened for the last 40 years + and seeing only what has happened in the last few months (up, up then up again). We haven't had a gradual, sustainable increase in price. Whether you believe in the manipulation story, the industrial uses story or the fairy godmother story - anything that has the growth profile of silver over the last few months will more often than not correct and do so fairly heavily. This is my opinion only and many others will differ. But there again - I don't think "it's different this time"!! malachii
Awesome guys, thanks for your comments...this is exactly what Im looking for... Might have to correct my first post, this not a no brainer, otherwise I wouldnt be asking... keep em coming!!
A wee bit risky. Only do it if you can withstand a 50% pullback. And not if you have any debts; pay them off first.
haha I have put up a thread in international section to get clarification on vat free.. UK customs may slap vat on at entry point. But as we discussed on sunday im also keen on taking some over.
Purely demand vs supply driving the price up isn't it? I can't see any decrese in demand till the above ground silver is exhausted. That should be any time in Jan 2012. I dunno what the hell is gonna happen but I've taken most of my money out of the bank and put it into silver bullion.
Yeah I'll just put it in my carry on! But you have to declare if your leaving with more than $10 000 currency... Does that count for silver?.... speaking of currency, and a bit off topic..MY topic,....:I http://www.zerohedge.com/article/fb...urrency-demanding-repeal-fed-and-irs-faces-15-
Your trip is only a few months off. Keep your travel money and your stack separate. Leave the travel money in fiat now - as there is too much short term risk of a small correction if you 'stack' it. But keep stacking with your 'spare' cash for the longer term. Silver hasn't even cleared the tower yet!
Buy some U.k pounds while the dollar is high , Take some silver with you as well , spread the risk so to speak.
I don't think this is Stage 3. Nothing about it says that to me. The silver stories are as bad as the property industry stories that's for sure. Silver's in a bull market now, which if I had to guess, there's a few more years left. If I had no silver or little silver I would probably still buy and get in (probably around corrections mostly), but fortunately I don't have to make that decision. I feel silver will not crash before property, could be wrong, but I doubt it so I'm reasonably confident of steady continual rises (with corrections) at the current point in time. I still reckon speculative fever will get it over $100.
