Hello everyone... I'm new to the forum, although I've been reading your posts for a while. I've stalked silverstackers and kitco in my efforts to educate myself on the ins and outs of stacking. What I've seen lately is a lot of angst and turmoil about the recent downtrend. I know there are quite a few people here who were buying at the upper $30 an ounce price level, so I can understand why there are some people who are sick right now. Honestly, I thought I'd missed the boat when silver was at that price level. I started using other inflation hedges... primarily guns and ammo 
(don't laugh, it's a legit investment but you have to pay attention to peculiars about the law).
Now, however, I've watched silver and now I'm in. I know a ton of people who bought at the mid to upper 30's (and higher) are sick. It should be noted, though, that I invested in Ford Motor Company in mid '08. I bought in around 5 dollars a share (can't remember the month but it was in the summer), thinking that was super cheap. In December '08 (through early spring '09), the price plummeted (reaching something under $2 a share if I remember). I was hating life, but I also knew that there was no rational reason for the price to be that low other than fear, manipulation, etc. I sold in the summer of '09 for around 7.50 a share, IIRC. While this little anecdote doesn't make many people feel much better, keep things in perspective. Silver has lost a little over half it's peak value (most people here haven't seen their stack lose half it's value, though I admit a few may have), but many stocks have plummeted in times past only to rebound a short time later. I watched my stock in Ford lose over half it's value... thinking that I was getting a bargain when I bought in at $5. I also thought I was lucky to get out at $7.50. Hindsight being what it is, I wish I would have bought at $2 or $3 and sold at $12, but I don't have a crystal ball. I didn't lose, (actually made 50% in a years time... that's never thought of as losing) but I can always "what if."
Silver right now has a lot of emotion tied to it. Some guys on other forums are railing about the worthless investment that silver is, how the majority of it is discovered by accident (I'm aware of the technicals, but that doesn't take away the market), and are kicking themselves for buying in at the mid 30's. Take emotion out of it. Before I purchased the beginning of my stack, I would have thought that it would be easier to steady the emotional aspect because it isn't as easy to sell (can't get rid of your bullion by clicking a button on etrade). I see that it's not. Actually holding onto it gives an attachment that you don't have with other investments. At the end of the day, however, it's an investment. An important one, at that, unless you believe the world economy is doing fine and fiat currency will last forever. Moral of the story. Hold on. This won't last forever. If anything, buy more and reduce your DCA.
BTW, I'm glad to be on board here.
(don't laugh, it's a legit investment but you have to pay attention to peculiars about the law).Now, however, I've watched silver and now I'm in. I know a ton of people who bought at the mid to upper 30's (and higher) are sick. It should be noted, though, that I invested in Ford Motor Company in mid '08. I bought in around 5 dollars a share (can't remember the month but it was in the summer), thinking that was super cheap. In December '08 (through early spring '09), the price plummeted (reaching something under $2 a share if I remember). I was hating life, but I also knew that there was no rational reason for the price to be that low other than fear, manipulation, etc. I sold in the summer of '09 for around 7.50 a share, IIRC. While this little anecdote doesn't make many people feel much better, keep things in perspective. Silver has lost a little over half it's peak value (most people here haven't seen their stack lose half it's value, though I admit a few may have), but many stocks have plummeted in times past only to rebound a short time later. I watched my stock in Ford lose over half it's value... thinking that I was getting a bargain when I bought in at $5. I also thought I was lucky to get out at $7.50. Hindsight being what it is, I wish I would have bought at $2 or $3 and sold at $12, but I don't have a crystal ball. I didn't lose, (actually made 50% in a years time... that's never thought of as losing) but I can always "what if."
Silver right now has a lot of emotion tied to it. Some guys on other forums are railing about the worthless investment that silver is, how the majority of it is discovered by accident (I'm aware of the technicals, but that doesn't take away the market), and are kicking themselves for buying in at the mid 30's. Take emotion out of it. Before I purchased the beginning of my stack, I would have thought that it would be easier to steady the emotional aspect because it isn't as easy to sell (can't get rid of your bullion by clicking a button on etrade). I see that it's not. Actually holding onto it gives an attachment that you don't have with other investments. At the end of the day, however, it's an investment. An important one, at that, unless you believe the world economy is doing fine and fiat currency will last forever. Moral of the story. Hold on. This won't last forever. If anything, buy more and reduce your DCA.
BTW, I'm glad to be on board here.
