damn quoted when I ment to edit again
Backing the truck up
- Thread starter SilverTouch
- Start date
Why would you consider buying if, as you appear to indicate, the return is many years away? Or was it just light hearted banter?Court Jester said:boston said:Are you a stacker? You appear to have such disdain for AG/AU, what actually is your purpose on this forum?Court Jester said:Fixed it for you?:
Delay gratification and in 25 years time you can buy more toys that are far mor awesomer
I am I am small time compared to some of you guys ( only have 250 ounces in total accumulated over a year. -- I started buying in july 12 -- so my cost per ounce is still under $30 luckly.) I like many of the coins / rounds and like collecting some of the numi stuff as It has a duel pupose for me in forced savings and something nice to display in my home.
I dont currently have faith in the underlying metal, outside it being a stop loss for my current purchases.
But I am still currently active in buying and selling where I eye what I percieve to be a bargin.
SilverSanchez
Active Member
Stick Framer said:
You need to structure your investment
Physical is always the first point of call
here read this
http://www.zealllc.com/2002/goldstk101.htm
Stick Framer said:
Stocks are climbing, PMs are falling. I buy PMs.
I did OK with stock buying after the 2009 "correction". I didn't buy PM stocks (I wasn't a stacker then), and probably never will anyways. What I did find was that if I bought stocks in companies that did nothing "wrong" and who's products and sales weren't a part of the issue, like power companies, pharma and certain tech stocks, they tended to go back up, and pretty strongly.
Now I am waiting for the flip. I am stacking PMs and have stop losses set on my bigger stock holdings. I can't say what will happen with our silver, but I do think we're in for another major stock correction. I plan to go back and forth forever, trying to make small gains the whole time.
boston said:
bullion I wont be buying however num stuff the price is pretty disconnected from the underlying metal price so I will be buying here, if you read above I did say this allready.
SilverHunter
New Member
Definitely time to back up the truck. People who hesitate at this stage are going to miss out on an opportunity and complain when TPOS skyrockets.
SilverHunter said:
Possibly. Or not.
I hate these "back the truck up", "skyrockets", "to da moon" shit.
Man, this is all pure speculation! Could go up, down, sideways... Feel free to load up, but don't try and drag the others with you, the decisions to purchase is based on one's belief and thinking one can call the bottom is just dumb.
I remember when it first broke up through $20 and went to $22
I thought the rise was too much and sold off 10% of my silver (sterling crap)
It dropped back down under $20 but then turned around and took off and pretty much went straight up to $35
I didn't expect that to happen
I never expected to see $20 silver again either but here we are
I long ago came to the conclusion I have absolutely NFI what the price is going to do - good luck to all those that think they do
I thought the rise was too much and sold off 10% of my silver (sterling crap)
It dropped back down under $20 but then turned around and took off and pretty much went straight up to $35
I didn't expect that to happen
I never expected to see $20 silver again either but here we are
I long ago came to the conclusion I have absolutely NFI what the price is going to do - good luck to all those that think they do
pdkbffwleo
New Member
Court Jester said:boston said:Are you a stacker? You appear to have such disdain for AG/AU, what actually is your purpose on this forum?Court Jester said:Fixed it for you?:
Delay gratification and in 25 years time you can buy more toys that are far mor awesomer
I am I am small time compared to some of you guys ( only have 250 ounces in total accumulated over a year. -- I started buying in july 12 -- so my cost per ounce is still under $30 luckly.)
And, there it is...
pdkbffwleo
New Member
SilverTouch said:The topic people is "Whos backing the truck up for what possibly could be the final drop in this downtrend?"
I personally said i would not buy again till it reached $18.75 USD, because that is the 75% retracment, but seems that it is still dropping this looking very very tempting
It just so happens to be $18.76 right now...
pdkbffwleo said:SilverTouch said:The topic people is "Whos backing the truck up for what possibly could be the final drop in this downtrend?"
I personally said i would not buy again till it reached $18.75 USD, because that is the 75% retracment, but seems that it is still dropping this looking very very tempting
It just so happens to be $18.76 right now...
Don't worry it has been done
Cant wait for it to arrive in the mail now haha
SilverHunter said:
lol people were saying that @ $47, then $45, Then $43, then $41, then $39, then $37, then $35 then $33, then $30, then $28, then $26, then $24, then $22 then $20 and now $18 an ounce
pdkbffwleo
New Member
How about 16, 14, 12, 10, 8, 6, 4, 2 and 1?
What's your point?
What's your point?
pdkbffwleo said:
my point it for the last 2 years it has been sliding and each time you have the idiots saying "back the truck up its going to da moon"
and have been dead wrong each time. -- the worst bard it they say you should be happy you have lost 30% of your value of your investment as its a "great buying opportunity"
It wont go " to da moon" for a long long ling long long long long long long time yet ( $35+ again in 20 + years )
Court Jester said:
I don't remember anyone backing up the trucks as it was going up but certainly there was a long time in the low to mid 30s that anytime it dropped below $30 it was quite exciting for a while. It didn't really spend long enough in the $40's for people to get organised enough to back the truck up.
On the way up there were a lot of people who were told they were just sour because they 'missed the train' as silver was going 'to da moon'
One thing I do hear a lot about is that when the spot price drops the physical will dry up or there will be a break from the paper price and the physical price.
pdkbffwleo
New Member
Court Jester said:
you mad bro?
I think it's because you're at $30 an ounce...I knew there had to be a reason for your insane estimates.
At least you only have a few hundred ounces around $30. Not a huge loss.
But, 20 years...you're the only one with that opinion...and, it's because you're "mad bro."
