Buying monthly untill silver reaches $100

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waiting for $30 :P USD that is, June should be interesting as the QE thing and company profit reporting. Hoping for a short pull back, will have to be quick though
 
thatguy said:
waiting for $30 :P USD that is, June should be interesting as the QE thing and company profit reporting. Hoping for a short pull back, will have to be quick though
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That sounds like a good plan.


The reason I'm buying monthly regardless is that I'm a hopeless saver so I buy silver as soon as money appears in my account.
 
geewiz said:
The reason I'm buying monthly regardless is that I'm a hopeless saver so I buy silver as soon as money appears in my account.
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There is a lot to be said for your plan geewiz. Dollar cost averaging, you won't regret it.

Good luck. (That's my plan too).
 
Yeah same as really, buying in small amounts until its $100. really hoping a pullback happens but cool if it doesn't!
 
I'm holding until GFC2, which I believe is soon.

I'm just focusing on productivity and stacking fiat until then.

Though I might sell off my remaining trading portion of silver on the run up to GFC2.
 
geewiz said:
The reason I'm buying monthly regardless is that I'm a hopeless saver so I buy silver as soon as money appears in my account.
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Bang on mine as well.

I'm not a hopeless saver though, I just prefer it in silver than fiat.
 
I am hoping that with the price of all commodities at the moment that QE3 will be a very hard sell to the US public. BenB may wait for markets to start tanking before announcing QE3, if so then I will get in hard if not I will sit back and slowly add to the stack.

My main concern with this strategy though is that the US may not have raised the debt ceiling by the time BenB wants to start QE3. What will "asset" will the Fed Purchase if he can't purchase US Government bonds? Of course he can reinvest the "returns" as they come back but if he can't get his hands on MORE US debt what will he buy?

Maybe I am kidding myself that the debt ceiling wont get raised and I am with a solid strategy here but you never know. As they say "Don't fight the Fed".

Cheers

Chris
 
Your all champions. I agree with every person on this thread.

Good luck to you all.
 
Ive stopped buying...if it goes in the 20's I may buy more but ive realised there is more to life than silver forums, youtube videos and dreaming about $500oz silver.

Ive been saving and focusing more on my online businesses which have made more profit than silver and there arent as many ups and downs along the way lol.
 
Ernster said:
Ive stopped buying...if it goes in the 20's I may by more but ive realised there is more to live than silver forums, youtube videos and dreaming about $500oz silver.

Ive been saving and focusing more on my online businesses which have made more profit than silver and there arent as many ups and downs along the way lol.
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Well done Ernster and best of luck - IMO anyone counting on silver returning something like a lottery win is in for dissapointment.

In regards to the OP's question no I will not be buying upto $100 - I don't know if it will get to $100 anytime soon and if it does I will have sold before then anyway (aside from a core holding) and will congratulate anyone with the big brass ones to hold on until that point.
 
Ernster said:
Ive stopped buying...if it goes in the 20's I may by more but ive realised there is more to live than silver forums, youtube videos and dreaming about $500oz silver.

Ive been saving and focusing more on my online businesses which have made more profit than silver and there arent as many ups and downs along the way lol.
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smart move ernster
 
Ernster said:
Ive stopped buying...if it goes in the 20's I may by more but ive realised there is more to live than silver forums, youtube videos and dreaming about $500oz silver.

Ive been saving and focusing more on my online businesses which have made more profit than silver and there arent as many ups and downs along the way lol.
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Ernster what is your online business btw? it's not a plug if your answering a question (is it GP :D ).
 
spookeychicken said:
looks like silver stays around mid 30s for a bit and everyone wants to jump ship..

Im with a geewiz.lets keep stacking to the moon.
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lol - yeh - you'll still learn its not the brightest bunch ...
 
Smoothcriminal said:
Yep when your guru's tell you to drink the poisoned coolaide just go for it mate...
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while "my gurus" are talking sense i'll listen to them.

which is more than i can say for many of the know it alls on here who think they're Einstein cos silver dropped 30% short term and they've shed a whole heap of their ounces. real Einsteins
 
Yippe-Ki-Ya said:
Smoothcriminal said:
Yep when your guru's tell you to drink the poisoned coolaide just go for it mate...
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while "my gurus" are talking sense i'll listen to them.

which is more than i can say for many of the know it alls on here who think they're Einstein cos silver dropped 30% short term and they've shed a whole heap of their ounces. real Einsteins
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Time will tell as with all these types of things......I somewhat agree with you in that I think silver will breach $50 USD/ounce this year which is why I haven't sold - however their is nothing wrong with taking a profit as people have done mate especially if they make an alternate investment that makes a greater profit or god forbid some cash flow. Your stubborn their is only 1 path philosophy isn't healthy IMO.
 
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