pdkbffwleo said:
I'm selling at $35, as I did last year.
I'm a fan of "stacking" only if I feel that silver is under valued. Right now, I believe it is.
Most "stackers" say they LOVE when the price drops, so they can "buy more." Yes, maybe in the short term....but, would this remain true if silver drops to $9.00 and stays under $20 for the next 50 years?
Obviously, we'd all love if the price of silver was predictable...I"m sure most would sell high, then buy low again. Repeat the process, over and over.
But, this whole idea of "I'll just buy more" is stupid without some end game that ends in higher prices, i.e., profitability.
After purchasing 500 oz's last summer at $26, I ended up selling at ~$34 last fall. I'm glad I did. I purchased again at $26 and $22, and I'm sort of pissed my stack has an average of just under $24.00.
I'll buy more, as it drops...adjusting my average lower along the way...but, I'm selling at $35 again.
I'm probably not a "stacker" because I actually want to sell when I can make a 30-50% profit.
I guess many of us would rather die with 3,000 oz's of silver in the coffin.
Short story, you're pissed because some1 inflicted you the same as you inflicted others.
I guess that's the difference between hedging against inflation, and hunting the profit.
And you're indeed not a "stacker". All you do, is the same as the ones bringing the inflation, do.
Higher prices don't mean profit. Double all prices, and you can still buy the same.
I guess many of those money for nothing clubbers don't like "stackers" to hold silver upto their time horizon.
Because it doesn't fit with the buy back in part of their cycles.
And, you say you'll wait again to sell, for $35.
As I said, if the other money for nothing clubbers don't wait till there, that sale at $35 won't be possible. It needs some1 to buy, once again, at that price. I'm not sure about that, considering the recent history and the lack of general price increasings. Some out there bought at $40 and even $50, with the plan to sell at $70 $100. Remember?
