LMAO. Had a look thru Panda Pricepedia - got a silver NGC MS70 panda I bought 6 months ago for $500, I see one was bought for $290 last December.
Yes I should add ... I love this place too, and I'm only new hehe ... Also agree with Auagau, from my perspective, it's even more imperative than two years ago when I was considering but took no action ... (and I'm inclined to agree I'm leaning to gold more ... wish I knew why )
All these discussions about spot price and predictions, what about the people who pay $60 for a 1 oz coin because it's got a different mammal on it, their even more disadvantaged
Not true, it's because of those animals that the cash value of my silver is not in negative territory. I picked up some of those animal coins in November/December for $60 each when spot was around $32 - $33 and now spot is $29 and I can sell those coins for $67 - $70. I'll come out and say it, I've given up. I haven't bought anything this year. Will be buying more once I get some cash money
Gold for me for wealth protection. Silver for me because of industrial need and it's dwindling supply.
Mate this is no get rich quick thing we got going here. Most of us are in this for the long run and have our reasons for stacking PM's. Maybe you should sit down and rethink whether this is the right investment for you?
Well said . If you want to make your fortune this year or in the near future may i suggest you start your own business or buy lotto tickets.
Given up, negative, down on my investment? MAN UP CHUMP You are suffering from a major case of cognitive dissonance if you only recently got into silver and you are still having thought processes like this. I question the research of an investor who frames such questions, id like to think the majority of SS are more ballsy than that, and going by repsonses id say thats the case. Silver is extremely volitale even in these times and for a precious metal, a bull run takes the steps up and the elevator down, you'd be sitting in muddied trousers if you were playing a higher stakes game id suggest. Best to sort out the nerves when your only about 10's of ounces. Id suggest not everyone has it in them to invest and if your having doubts maybe a nice safe bank deposit at 1% interest is more your cup of tea. Only a newbie would look at a few months of price development and form conclusions about silver as an investment. Only blessing i see here is that you are purchasing incrementally.. well done.. now you can take advantage of the cheaper spot price and your dollar cost average will be lower. I got in at 21 in 08 and within months it was down to $9... i manned up - now im laughing.. no guarentee but thats silver. NICE 1for1
He'll have fun when he wakes up in the morning eh?? And thanks mmm....shiney! for your reasons for gold and silver - that's the most succinct description closest to my own reasoning.
Yes ! it will recover!! patience its all we need! I remember when I started to buy, March/April 2011 ,silver was going up. up and up. My first silver eagles:$51- happy with those-, a week later $48 and bought again, more happy, and again $45 and $41 and I was so happier!! buying and buying. Of course it did keep going down. never regreted. Now I have to get a second job to keep going. At the moment just observing, more experienced -not enought as yet- but still I think having fun and being part of the game is the best part of it if we are thinking for at least another 3 years like in my case. SS: thank you for the support provided so far
If it is the one I think, then it won't matter you can look back at the end of 2012 and be happy I reckon. In saying that is it For Sale at $290
The rich speculators will shake the silver tree and when the loose silver falls, they will gather them up and put them in their stack..That is what they want you to do, sell low and never buy again.. Now is the time to buy again and gradually you can reduce your average price.. If you can't do it with coins, buy bullion bars.. For those who bought above $40+ and are small stackers it shouldn't take too much buying to get your average price down. A month is a long time when stacking silver. Regards Errol 43
My average price is around $35 on about 40 oz nearly $10 over spot but doesn't mean anything to me I'm holding out until at least $500 an oz don't care if it takes 10 years hopeullfy it doesn't!
Holding out for $500 an ounce? I'd say you are being mighty optimistic it will ever reach that price. I would suggest you look at a range of indicators besides price to tell you when to sell.
Lol silver will reach $5000 an oz just a matter of time maybe 20 years maybe 200 Your saying gold was never at $40 an oz? Silver will surpass gold as it's needed more Gold is only most popular as jewelry as its more expensive once silver overtakes gold it won't even have that
