Buy the Dip!

sammysilver

sammysilver

Well-Known Member
Silver Stacker
Despite the current highs, is this still a buy the dip moment.
Are you prepared to hang back and wait for prices to drop?
I think we are at a new floor in the market. The only unknown will be the AUD.
I think that I will stick to DCA and ride the wave. It has paid off for me this year. My only problem is that I’m maxed out and need to garner some readies before the long weekend.
 
Over the long term there is no tangible benefit of buying low selling high vs DCA. You increase risk for a few decimal points of a percentage in benefit. DCA has always been the way to go for stacking over 5-10 year time frames.

just thinking back to when I joined the forum gold was $1600 AUD an oz. I thought the rise to $2k would end my gold buying due to affordability. But DCA helped me ride the wave all the way up to $3k where we are now.
 
Buy now
Cry later.
My " secret sauce" as I will refer to him .
Wrong question.
What happens once the Comex collapses ?
Where does the price come from ?
Only Hong Kong left .
 
I like Harry Dent, I heard him talk in Sydney just before Covid. Makes a lot of sense however it does not always translate to precious metals.
You need to take his theories into consideration, then draw your own conclusions.
 
Would rising commodity prices cause the AUD to rise more than the USD gold price rises, and thus lower the AUD gold price?

Or will commodity prices fall due to global economic slowdown cause the AUD to sink further and thus raise the AUD gold price?

It is all very confusing. I think I will just go hide under my blanket clutching my precious... precious metal that is, not the other...

My fear of missing out on a rampaging gold price is tampered by the fear of a possible plunging gold price. All my actions are driven by fear! No greed here!
 
Fair go, Sammy, some of us on here have been "Buying The Dip" for over 40 years!

How about the silver price racing to $50 so some of us old-timers can start offloading our pesky white metal at 1980 prices?
 
Most of us have amortised any losses from the 80’s and 2011. I’m in the here and now and believe that we are at a new floor, say US $2,000 gold and $25 silver. Other than going up, most price variation will come from fluctuations in the AUD.
 
SilverNGold said:
Would rising commodity prices cause the AUD to rise more than the USD gold price rises, and thus lower the AUD gold price?

Or will commodity prices fall due to global economic slowdown cause the AUD to sink further and thus raise the AUD gold price?

It is all very confusing. I think I will just go hide under my blanket clutching my precious... precious metal that is, not the other...

My fear of missing out on a rampaging gold price is tampered by the fear of a possible plunging gold price. All my actions are driven by fear! No greed here!
Click to expand...
Why do you fear a falling price? You can just buy more!
 
Nobody likes to buy something and then to see the price drops immediately after. Call it human frailty.
We tend to value our possessions by what the market values them at the moment.

You are right of course.
I should treat it as buying a mansion or farm or a ticket on the escape rocket ship from a dying Earth for the future. I buy it brick by brick, acre by acre, or km by km from the ablazing earth!

Buzz! I buzz them all!

Lol
 
If ya all want a dip in the price sing out...I'll buy something as the price always dips right after I buy some Au & Ag.

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