Am I watching my life savings go down the plug hole ?
- Thread starter the optimist
- Start date
Courage (and optimism) my friend, but if Silver goes to $15 an ounce, give me a call, and I will buy the lot off you.
OC
OC
Although I have been checking out the POS lately quite a lot, I don't plan on buying anymore. The ridiculous 20% premiums us aussies have to pay is really frustrating.
Who cares if silver hits $15 when we will have to pay $21+ an oz?. I would have to invest a large sum of money in silver to reduce my average cost per oz to a worthwhile level.
I have enough silver at a average total price of $30oz. Not too happy about that figure but it could be worse.
I just hope I get the chance again to double my money at least in the not do distant future.
I would like to buy more siver but i think money is better put in income producing assets/businesses instead. Still trying to work that part out though
Who cares if silver hits $15 when we will have to pay $21+ an oz?. I would have to invest a large sum of money in silver to reduce my average cost per oz to a worthwhile level.
I have enough silver at a average total price of $30oz. Not too happy about that figure but it could be worse.
I just hope I get the chance again to double my money at least in the not do distant future.
I would like to buy more siver but i think money is better put in income producing assets/businesses instead. Still trying to work that part out though
soupdragon
Member
the optimist said:
SilverSaviour
New Member
klacey said:
This seems to be a running theme here.
In regards to value of anything..
[youtube]http://www.youtube.com/watch?v=AYuHUdE_pys[/youtube]
Yes excellent video.
I recently had a long discussion with a very smart financial bigwig. He had no enthusiasm for, or much knowledge of gold, having in essence left it in the 'stuff I learned at Uni' pile. His perspectives really made me re-assess my approach to financial security. Interestingly though, I didn't revise my 'goldbug' inclination, and the above in essence is why.
Thanks for the clip.
I recently had a long discussion with a very smart financial bigwig. He had no enthusiasm for, or much knowledge of gold, having in essence left it in the 'stuff I learned at Uni' pile. His perspectives really made me re-assess my approach to financial security. Interestingly though, I didn't revise my 'goldbug' inclination, and the above in essence is why.
Thanks for the clip.
lurk@l0t said:Holdfast said:
perhaps just perhaps there is no better investment at the moment? think undervalued assets
Many currencies, including the USD are better investments right now than bullion silver with no numi value. Will I say the same thing in two years? I expect not, but I am investing for right now.
lurk@l0t
Active Member
dccpa said:lurk@l0t said:Holdfast said:
perhaps just perhaps there is no better investment at the moment? think undervalued assets
Many currencies, including the USD are better investments right now than bullion silver with no numi value. Will I say the same thing in two years? I expect not, but I am investing for right now.
That would depend on how you define investment, eg when you expect to want to cash out. If you are only looking at near term value then that would be more likened to trading than investment.
if you are indeed looking at probable values five years and more ahead - what is what most people would define as "investment" - then certainly silver would be a very good investment indeed in my opinion.
tiddleyetom
Member
SliderC said:
Yeh, anyone that can pull 150 big ones out and buy that amount of PMs alongside owning a handful of property is having a laugh when they then add "Don't think I'll ever get to retire now, think i'll be working till the day I drop dead at this rate"
Get real mate...
Well, that is the question isn't it?
Did he do the right thing?
Maybe, maybe not.
Point is
- he is not all in, not even close to it
- he's got significant other assets and many years ahead of him
Hard to see what he is winging about to be honest as it looks like he can afford to hold as long as needs be.
Did he do the right thing?
Maybe, maybe not.
Point is
- he is not all in, not even close to it
- he's got significant other assets and many years ahead of him
Hard to see what he is winging about to be honest as it looks like he can afford to hold as long as needs be.
Oh i get how good a position he is in, but he may think he has made a bad choice due to the value of silver going down from when he brought it. If i was in his shoes back when i started i would look to forums like this, hoping you can put my mind at ease.
If he is indeed trolling, let him. The info in the thread is still good for those that are not. And if he is genuine and thinks like he does, then he wouldnt feel very much welcomed to the forum.
Either way, i always like reading what you guys say. Tend to learn alot.
If he is indeed trolling, let him. The info in the thread is still good for those that are not. And if he is genuine and thinks like he does, then he wouldnt feel very much welcomed to the forum.
Either way, i always like reading what you guys say. Tend to learn alot.