Best approach

C

Cheepo

New Member
Given the uncertainties but likely drop in price of silver over the next 12 months, I think the best approach is definitely that of not buying anything until silver reaches $10-12/oz. That way you can lower your cost average quite considerably (maybe to $15/oz), which is a price silver may actually reach again within this decade. If you buy at $15 you can only lower your cost average by a bit (maybe to $19-18. Still far too high.

So, wait before buying!
 
The same can not be applied by Russia or China.

else they will not have enough gold for their reserves :)
 
Cheepo said:
Given the uncertainties but likely drop in price of silver over the next 12 months, I think the best approach is definitely that of not buying anything until silver reaches $10-12/oz. That way you can lower your cost average quite considerably (maybe to $15/oz), which is a price silver may actually reach again within this decade. If you buy at $15 you can only lower your cost average by a bit (maybe to $19-18. Still far too high.

So, wait before buying!
Click to expand...

What makes you think the price of Silver will continue dropping over the next 12 months to $10-12/oz?
 
Skyrocket said:
Cheepo said:
Given the uncertainties but likely drop in price of silver over the next 12 months, I think the best approach is definitely that of not buying anything until silver reaches $10-12/oz. That way you can lower your cost average quite considerably (maybe to $15/oz), which is a price silver may actually reach again within this decade. If you buy at $15 you can only lower your cost average by a bit (maybe to $19-18. Still far too high.

So, wait before buying!
Click to expand...

What makes you think the price of Silver will continue dropping over the next 12 months to $10-12/oz?
Click to expand...
If the price doesn't drop and it goes up, you can sell your silver at the purchase price ($20/oz). If it goes down you can cost-average down. Conclusion: if you want to limit your losses, don't buy now.
 
Cheepo said:
Given the uncertainties but likely drop in price of silver over the next 12 months, I think the best approach is definitely that of not buying anything until silver reaches $10-12/oz. That way you can lower your cost average quite considerably (maybe to $15/oz), which is a price silver may actually reach again within this decade. If you buy at $15 you can only lower your cost average by a bit (maybe to $19-18. Still far too high.

So, wait before buying!
Click to expand...



Don't anger the bulls with such plausible predictions...they've been sharpening their horns just for people like you. :)




.
 
Cheepo said:
If the price doesn't drop and it goes up, you can sell your silver at the purchase price ($20/oz). If it goes down you can cost-average down. Conclusion: if you want to limit your losses, don't buy now.
Click to expand...

That makes sense I guess.

I started stacking Silver 4-5 months ago and because the price of it has been dropping since then, so I've been holding off on buying more of it. This means I have little Silver stacked. The good news is that this downward spiral of Silver has been the best thing that has happened since I started stacking! I'm loving it! :)
 
Cheepo said:
If the price doesn't drop and it goes up, you can sell your silver at the purchase price ($20/oz). If it goes down you can cost-average down. Conclusion: if you want to limit your losses, don't buy now.
Click to expand...

huh? If you are holding silver and are 100% certain prices are going lower then the obvious thing to do to limit your losses is sell everything now
 
trew said:
Cheepo said:
If the price doesn't drop and it goes up, you can sell your silver at the purchase price ($20/oz). If it goes down you can cost-average down. Conclusion: if you want to limit your losses, don't buy now.
Click to expand...

huh? If you are holding silver and are 100% certain prices are going lower then the obvious thing to do to limit your losses is sell everything now
Click to expand...
I am 100% certain, but I am usually wrong, as my wife would testify (even under oath).
 
someone would end up holding lesser silver than desired, if the price goes up and the stocks dried up.
 
Cheepo said:
Given the uncertainties but likely drop in price of silver over the next 12 months, I think the best approach is definitely that of not buying anything until silver reaches $10-12/oz. That way you can lower your cost average quite considerably (maybe to $15/oz), which is a price silver may actually reach again within this decade. If you buy at $15 you can only lower your cost average by a bit (maybe to $19-18. Still far too high.
So, wait before buying!
Click to expand...

Unless it doesn't drop...
So where is this "likely drop" coming from? Why are people so sure? What are the odds?
 
SilverDJ said:
Cheepo said:
Given the uncertainties but likely drop in price of silver over the next 12 months, I think the best approach is definitely that of not buying anything until silver reaches $10-12/oz. That way you can lower your cost average quite considerably (maybe to $15/oz), which is a price silver may actually reach again within this decade. If you buy at $15 you can only lower your cost average by a bit (maybe to $19-18. Still far too high.
So, wait before buying!
Click to expand...

Unless it doesn't drop...
So where is this "likely drop" coming from? Why are people so sure? What are the odds?
Click to expand...
If you think it goes "to the moon", you better buy as much as possible, even at 15. If you think it has 50% chances of going up "a bit" and then perhaps drop a bit and 50% chances of dropping, I think the best approach is holding on (as I wrote).
 
Cheepo said:
I think the best approach is definitely that of not buying anything until silver reaches $10-12/oz.
Click to expand...

Except that it's likely that if Ag drops to $10-$12/0z, the AUD will also slide, so we mightn't see $10 - $12, remember predictions are heavily biased regionally.
 
SilverDJ said:
Cheepo said:
Given the uncertainties but likely drop in price of silver over the next 12 months, I think the best approach is definitely that of not buying anything until silver reaches $10-12/oz. That way you can lower your cost average quite considerably (maybe to $15/oz), which is a price silver may actually reach again within this decade. If you buy at $15 you can only lower your cost average by a bit (maybe to $19-18. Still far too high.
So, wait before buying!
Click to expand...

Unless it doesn't drop...
So where is this "likely drop" coming from? Why are people so sure? What are the odds?
Click to expand...

You seemed to have missed the drop from $49 to $15-16USD. The USD is in an uptrend and commodities are in a downtrend. Until that situation changes, pms are going lower.
 
like the time scale there :)

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http://silverseek.com/article/did-silver’s-bear-market-end-june-13809
 
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