Expecting silver to drop to at least $22 AUD

Wasn’t expecting such a quick rush to $22. US trading tonight will really rattle the cages. We could go to $15 AUD if it really gets up some pace. DJIA should drop by the maximum tonight and will close early. When was the last time that happened. Crazy times.
 
sgbuyer said:
Our goals are different. Your goal is maximum profit. For me, I am more scared of losing money - I also can't leave everything in cash as inflation will eat it away. If it makes more money than placing it in the bank, it's a bonus.

Me wifey had been unhappy last 2 days because gold fell. I explained to her, it's in USD and USD rose so I didn't lose anything. She doesn't care. Then I told her, I bought gold earlier between $1200-$1460, she cooled down. To her, half the money is hers. The culture is a little different in Singapore. Losing money has very serious consequences - for the guy.

To me, silver has a cost of production of $15 so as long as I buy close to the cost, it's impossible to lose on silver in the long run. Doesn't matter if it's stuck at $15-$17 for 10 years. If silver does a toodamoon scenario like in 2011, it's a bonus.
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if that is teh caseyou shouldnt buy metals your well behind
 
Huge drop..i want to back up the truck now..

No one selling obvioussly... Big paper dump
...

Might need to buy from a dealer.. im in for 10oz bars

Or... Group buy.

Highest gold silver ratio ever,
 
It was even better buying for all of 5 minutes 9-10 hours ago. In the USA, there were ridiculously low options. I’m not sure there will be much left in the next leg down
 
1for1 said:
Huge drop..i want to back up the truck now..

No one selling obvioussly... Big paper dump
...

Might need to buy from a dealer.. im in for 10oz bars

Or... Group buy.

Highest gold silver ratio ever,
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If you are buying silver you are doing wealth generation incorrectly there are some shares that will potentially give you 2.5 - 3 X on your investment AND pay a dividend currently yu what may get 0.33 on your money from silver if your lucky and have to store it for years and not paying any dividents.
 
Court Jester said:
If you are buying silver you are doing wealth generation incorrectly there are some shares that will potentially give you 2.5 - 3 X on your investment AND pay a dividend currently yu what may get 0.33 on your money from silver if your lucky and have to store it for years and not paying any dividents.
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Jester you have a passion for shares which has proven successful if in the right shares at the right time. But if you are talking wealth generation then this is a bigger topic than just investing in growth and dividend stocks. Most entrepreneurs would say that you need a business to truly generate wealth. But nothing is a perfect method as the outcomes and individually defined.

As such someones approach is dependent on their objectives, personality and drive and also just what they like to invest their time and money in.
 
Court Jester said:
If you are buying silver you are doing wealth generation incorrectly there are some shares that will potentially give you 2.5 - 3 X on your investment AND pay a dividend currently yu what may get 0.33 on your money from silver if your lucky and have to store it for years and not paying any dividents.
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Do you have any ADR to recommend?

I’ve bought some silver just to join in the fun, DCA downward, failed to buy any platinum unfortunately, but I’ve to agree that stocks are now very appealing.

Silver and platinum had always been a fun buy for me, more of a hobby than investment. Gold for wealth preservation.
 
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gold is typically wealth preservation and silver is not speculation.
But things change, for instance when the gold backed treasury note is introduced, (and it will be) a lot of wealth will be generated for those holding both gold and silver.
 
STKR said:
Good call.
I am watching first majestic shares being slammed down from $15CAD to $7. If it gets down to $4 or lower I'm buying.
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Any thoughts on Pan American silver? I just bought 260 PAAS. It's a reckless move, haven't got much time to research and there's almost not much info on the web.

The volatility of this stock is crazy, in just the last couple of days, it swings between $11 to $17+. Don't even know how to buy, maybe I'll just DCA.

Will be getting more gold or silver stocks as I do more research.

EDIT: Also added 450 AG. PAAS is crazy, I wanted to buy it earlier today, saw it was $11+. Then when I got back to my laptop, it was just over $13 when I placed my order. Now it’s $14.83!
 
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Fugue said:
Just went on the Perth Mint website to buy some bars. 2020 Kangaroos out of stock, 1oz bars out of stock, 1kg bars out of stock, 100oz bars out of stock, 10oz bars 13 left.
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Perth Mint says:
BULLION - LIMITED STOCK AVAILABLE

Due to overwhelming demand for our products during this time we are out of stock of many items and some will be subject to considerable delays before they become available again.

Silver Bullion Coins: We have very few products still available and will focus our efforts on manufacturing the 2020 Kangaroo 1oz Silver Bullion Coins
  • Gold Bullion Coins: We currently have 2020 Kangaroo 1oz and 1/10oz Gold Bullion Coins available and this will be our ongoing focus during this period.
  • Cast and Minted bars: Are currently out of stock and at this time we cannot take orders for any size while we work to satisfy the current backlog of orders.
https://www.perthmint.com/covid19.aspx


 
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Holdfast said:
Perth Mint says:
Silver Bullion Coins: We have very few products still available and will focus our efforts on manufacturing the 2020 Kangaroo 1oz Silver Bullion Coin
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Their priority is the Kangaroo? Why?
Isn't that a "meh" coin. Why not the universally popular Kook?
 
SilverDJ said:
Their priority is the Kangaroo? Why?
Isn't that a "meh" coin. Why not the universally popular Kook?
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Because the Roo has unlimited mintage.
The Kook has only 500,000 mintage.
The "meh" coin as you call it :D is an ok bullion coin for stacking; it's 99.99 silver. Better than a bar, more spots than a bar but, beggers.......................
H
 
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