Anyone else wish the prices would stay down? Unless your ready to sell out of the game I always hope for lower prices. Guess it depends why your stacking I spose.
Wish it would always go up. Doesn't have to rocket, but always creep upwards. Then my stacking objective would be a sinch to achieve, and I could buy anytime without having to consider price.
I am bloody annoyed, I was ready to buy a swag of the stuff, had the order filled and got called out for a job. Order still sitting onscreen but the price sorta killed the desire. I figure I don't have enough of it for the price to move yet.
What? Kind of like it did from the early 1980s for 30 years? If it did that again many of us would be in a nursing home before realizing any gains (or losses).
Hahah, thanks for the laugh. In hindsight to my comment, I also wouldnt mind if the price was on a constant uptrend for the rest of my life however with so much volatility it feels like the move is going to come fast and catch a lot of people with their pants down. I hope to be ready to pick up on that move and would like a little longer to get a larger stack. How many people see silver as a life changing investment and how many see it as a hobby? Im going to assume that Silver is going to be swapped for Fiat at some point whether its to buy real estate, luxuries etc (discounting the financial collapse scenario and you need it just to survive...which is also defiantely possible). What would you consider life changing? $50,000? $100,000? $1000,000 dollars? If the price of silver (or metals for that matter) were to double over $50, record highs! do you currently have $25,000, $50,000, $500,000 in your stack? Would the move change your life? or just allow you to get some of the "stuff" you currently cant afford?
It is only gone up by roughly $1.50+ from the dip. It is still considerably cheap compared to the spot I bought.
My silver was swapped for hard assets a while ago so i am happy for it to stay low until i am able to restack to a comfortable level. I have read elsewhere that stuff may happen around 2015. The last downturn in the mining industry was for roughly three years so i expect this one to until at least 2015 so i figure that i have some time to restack yet.
My most recent purchase of gold and silver was quite literally at the recent bottom (1kg silver bars for $752, 1oz gold for $1338). I say this, because I never, EVER get to buy at the bottom. So I think it's going back down :/
Everyone who joins the game wants lower prices for their honeymoon period of stacking, and then they realise they're going to get nowhere if the price keeps falling on its ass, so they join the ever growing amount of people who want the price to rise. Someone, sometime, is going buy and buy, and then say, I want it to go down! But it never will. (except when the bubble bursts)
If you did not buy when it dropped this much, do not kid yourselves you were never going to buy in a dip.
I agree mr Monkey however I tend not to agree with the honeymoon "period" rather the ultimate stack size goal. This leads back to my original comment of "Do you want silver to change your life". Is your honeymoon goal 1000 ounces? 5000 ounces? 50000 ounces? how many ounces are you going to need if prices were to double (being conservative) to change your life. If I make $10,000 off silver sure, it would be nice but its not life changing. If 500 ounces were to help me survive a currency collapse sure, thats life changing but from a investment/profit perspective the honeymoon period/stack size before boom is a matter of perspective and certainly, age.
Ag and Au are bargains till their not bargains. I could have traded unallocated a week ago for allocated and would have been better than today.Would I think have been cheaper but not now. Am I right or wrong?
