Because USA cant get the reserve bank to print money fast enough to keep the dollar at an artificial high level
I don't know but I hope I didn't miss the boat for awhile. I almost bought at $15.50 just a few days ago but it had been slowly but surely dropping up to that point and a lot of people were speculating a $14 spot so I decided to wait. Looks like I'll be waiting some more lol The amount I'll be buying would only cost me about $25 extra if I bought now instead. But if I wait until 14.50 I'll save $50! That's a pretty big difference and would really add up over time if I were impatient (depending on how long it takes to drop again).
when silver is at $30 or $40, $14 or $15 or $17 will not make a big difference. I bought some at $16 and $17, and I also bought some way back when silver was $45 or so 3 years ago. If your stack is in need of oz's, don't wait too long for a potential drop. I would get some now and if it drops, then get some more if you have some fiat left. If you don't have fiat left, don't sweat it. either silver will go up in USD currency, or silver could go up in your local currency. so many ways you can play your stack in the future. for me, it's how many oz's I hold in my possession that count's. My opinion, I don't think it will go down very much more. If I wasn't paying down my line of credit now, which will be done in the next few months, I would buy on a regular basis with extra fiat in my possession.
So if you were buying at $45 would you say your advice should be taken with a grain of salt? Reminds me a bit of a youtube guy called micmac88( or similar) that invested his families 30k in metals only to need the money and lost half when he cashed out. He now speaks as though he is an expert because he has learned his lesson. To me he just sounds like a twat that lost big and is now into his next sure fire winner, Which happens to be lunar silver. He is busy spending all the cash he can find on these things because in his words "THEY ARE GUARANTEED TO INCREASE IN VALUE" Guaranteed !!!!! no less.
Sterling ng wrote: words "THEY ARE GUARANTEED TO INCREASE IN VALUE" Guaranteed !!!!! no less. Yep those words have sent a lot of people off the deep end, only to have that sure thing smack them up side the head with a dose of reality.
These lminor short term moves up and down are just typical silver volatility. When I first learned of the spot charts, I used to watch them closely and try to figure out what all the moves and and down meant. I got over that wasteful preoccupation when I realized that it's really not important to me, as a physical stacker, in the bigger picture. Now maybe if I owned paper silver shares and I was interested in speculative trading, then perhaps I'd be watching the charts closely. Now I'm not saying a physical stacker should avoid the charts entirely, no...just that honestly, there ought to be better things physical stackers should do in their lives than pay too close attention to the normal volatility of silver. .
Where micmac went wrong is when he cashed out. As long as you are holding physical pms, you are ahead of the game. I personally would never ever sell for less than what I paid, and ultimately wouldn't sell regardless of how much pms are worth is terms of fiat value. Just my thoughts...
Take my advice seriously in my opinion. I bought from $21 all the way up to $45. Then I continued regular buying from $45 all the way down to $15. My avg cost is about $25 at the moment. Everytime I open my safe doors, I have a huge smile. At least I have physical with me. When that overnight pop of $1 to 2$ happens, I'll be smiling even more. Regular buying is the best thing I've done. looking at the 290 point drop in the Dow today, I smile even more, cause I'm not playing in that market for sure. Just my opinion, but metals will be going up as people realize Central Banks around the world don't know what they're doing.
