Partying like it’s 2011.
$27.00 silver!
- Thread starter Shaddam IV
- Start date
Alot of the members here are old timers from way back. They want the price to go to the moon.
Number 47
Well-Known Member
You won't be thinking $27 was expensive when silver eclipses the 2011 high.
I'm still buying.
Correct.
I'm not thinking it is but acquisition is becoming a pain with people jumping into the bandwagon
When I started, gold was $1800 and silver was $22 an ounce. I found it very expensive but budgeted for it. Now gold is at $2200 and Silver at $27. I could have literally taken out a loan and bought in and be better off for it. If you are investing, it may hurt when the price goes up. If you are truly stacking, then the price is irrelevant as today's high is tomorrow's low. Even if you buy in now at these prices, you will see the fiat value increase significantly in your life time. Even if QE-infinity doesnt cause an economic crash, we have peace in the middle east and start mining asteroids, your gold and silver will still maintain SOME intrinsic value that you can benefit of.I'm not thinking it is but acquisition is becoming a pain with people jumping into the bandwagon
Long story short: If youre investing and have missed out, maybe youre right to cry about price. If you are truly stacking, forget spot and stack on.
Or to just break even.
Ouch
systematic
Well-Known Member
The stock market is not for everybody ...
If you break even, will you be selling (you don't have to answer if you don't want to)? Just a genuine question because I hear people say this all the time.
Cheers
SilverDJ
Well-Known Member
Ouch. I find it bit hard to relate to the pain of the $40 crowd after having come in after the crash. Most of my silver was accumulated under $20.
Arch Stanton
Well-Known Member
Me too. I will reach my break even point for my most expensive purchases with another 70 cent rise. With the way things are going, that should be this week. Will still be buying till we break 20.00, then take a break and watch.
I figured that the price rise was just due to the AU$ tanking but I see the US$ price is also rising!
I have enough silver so buying is not an issue for me. Last time I was greedy and wanted to wait for prices to double before selling half my stack and recouping my investment. This time I am too lazy to try selling anything, I will wait until the rise after the next crash!
I broke even on the majority of my stack at $26 but that is only because I bought over 20 kilos of junk silver at that price which skewed all the years I was buying at $14.
I only bought a few Kangaroos at spot $50 but they were priced at $50 for years anyway so other than that I wasn't buying.
I tell a lie, I did buy another couple of kilos of predecimal silver off an Australian collectors' website because the supply was drying up (Queues outside bullion dealers, 3 month waits for delivery and nothing cheap on eBay) but prices were rising so rapidly that I got an email a day after the auction telling me they had miscounted their stock and they didn't actually have any left. The same day they relisted the coins.
I have enough silver so buying is not an issue for me. Last time I was greedy and wanted to wait for prices to double before selling half my stack and recouping my investment. This time I am too lazy to try selling anything, I will wait until the rise after the next crash!
I broke even on the majority of my stack at $26 but that is only because I bought over 20 kilos of junk silver at that price which skewed all the years I was buying at $14.
I only bought a few Kangaroos at spot $50 but they were priced at $50 for years anyway so other than that I wasn't buying.
I tell a lie, I did buy another couple of kilos of predecimal silver off an Australian collectors' website because the supply was drying up (Queues outside bullion dealers, 3 month waits for delivery and nothing cheap on eBay) but prices were rising so rapidly that I got an email a day after the auction telling me they had miscounted their stock and they didn't actually have any left. The same day they relisted the coins.