Missed the boat on 15 dollar silver

[phrenzy]

you provably did read similar things at $19, but you can't deny that it's a statement more and more likely to be true as the price drops.

Figuring out exactly what the bottom is and buying big when it happens has got to be good for the ego but as long as you got in within a dollar or two your doing pretty well. For those of us in Australia you have to keep one eye on the exchange rate to, the final usd silver low might not be the aud silver low.

 

[dollars]

Great Post. However, I swear I read similar posts when silver was $19, and that i just wasn't going to drop much more, but had a lot of upside. Wouldn't the same be said if it drops through $14. ... with people saying $12 is a resistance that will be tough. I have absolutely no idea if we will be at $17 US next week or $15. Likely somewhere in-between if I had to random guess.

we are all in the same boat for now!

 

[The Crow]

...we are all in the same boat for now!

SilverStacker boats have a tendency to sink. Not sure why, but many stacks have been lost to the depths in unfortunate boating accidents.

Sounds like a "bottom of the harbour" scheme for all of us old enough to remember .....

 

[Orbit]

The real question is, did anybody NOT miss the boat on $15 silver?

 

[Court Jester]

The real question is, did anybody NOT miss the boat on $15 silver?

I have not see this mythical $15 silver of which you speak let along miss a boat of it

 

[SilverDJ]

For those of us in Australia you have to keep one eye on the exchange rate to, the final usd silver low might not be the aud silver low.

I don't bother following the spot, it means nothing to me, all I care about is what AUD price I can buy and sell for.
I was so hanging out for the AU$200 10oz bar and got within $2 of that but I didn't buy
But as has been said, as long as you buy within a few dollars of the bottom, you are fine medium-long term.

 

[phrenzy]

that's my point on both counts, but the spot is important, the spot drops and do do the prices at most bullion shops. I picked up a 100oz bar for $1800 aud delivered. I know silver is going to go up because I'm not lucky enough to get more that cheap again.

 

[SilverDJ]

that's my point on both counts, but the spot is important, the spot drops and do do the prices at most bullion shops.

Yes, generally, but if you are talking the US spot, then that depends on where the AUD goes at the same time. As I'm buying and selling only in AUD, if I am looking at the spot, it's the AUD version.
I'm not entirely sure if Oz dealer prices follow the USD or AUD spot price? as I've noticed possibly some variation on the same dealer across products. I guess it depends upon where they source each item from? e.g. Perth Mint or US mint etc.

 

[dccpa]

...we are all in the same boat for now!

SilverStacker boats have a tendency to sink. Not sure why, but many stacks have been lost to the depths in unfortunate boating accidents.

When I sold a bunch of pms and took the check to the bank, the teller ask was I a coin dealer. I said no, I found the coins diving. :lol:

 

[VANGBAC]

This update mainly for GP and Joe at GSs. I had my best silver day ever 2 days ago. Got my 800 dollars back on the fake 600 gm bar bought at the top. As soon as police mentioned not one protest paid up .Must have known. Tried to get the bar for you GP but no luck. Alls well that ends well.

 

[alor]

moving yeah

move it move it

[youtube]http://www.youtube.com/watch?v=CoOWQDQ-lEw[/youtube] what boat :lol:

 

[Miksture]

For those of us in Australia you have to keep one eye on the exchange rate to, the final usd silver low might not be the aud silver low.

I don't bother following the spot, it means nothing to me, all I care about is what AUD price I can buy and sell for.
I was so hanging out for the AU$200 10oz bar and got within $2 of that but I didn't buy
But as has been said, as long as you buy within a few dollars of the bottom, you are fine medium-long term.

But we definitely went under 200 for 10 oz. I got 2 NTR Goat 10oz bars off BiGs at $189.50 on the 5th Nov.

 

[Holdfast]

This update mainly for GP and Joe at GSs. I had my best silver day ever 2 days ago. Got my 800 dollars back on the fake 600 gm bar bought at the top. As soon as police mentioned not one protest paid up .Must have known. Tried to get the bar for you GP but no luck. Alls well that ends well.

Where was the bar purchased?

 

[VANGBAC]

Vietnam hold fast. But all good now.

 

[Cheepo]

Don't worry, the boat will come back to shore. You will still be able to buy for $15 /oz, and much lower. As for the A$, of course, that might go up and up.

 

[Miksture]

I think we will get another chance. After this small recovery there should be another sharp drop.

 

[SilverDJ]

But we definitely went under 200 for 10 oz. I got 2 NTR Goat 10oz bars off BiGs at $189.50 on the 5th Nov.

I'm talking about the major online dealers. Perth Buillion, Gold Stackers, Bullion Money et.al of which I've always found PB cheapest overall if paying by PayPal.

 

[phrenzy]

Don't worry, the boat will come back to shore. You will still be able to buy for $15 /oz, and much lower. As for the A$, of course, that might go up and up.

You might see a bit of a bump in the A$ but from everything I've read it won't be much and mid term we're cruising for a bruising. If you think silver has another big low ahead you should be looking for a way to buy cheap USD to take advantage of it if and when they happen.

 

[Boyscout]

I am surprised that both Gold and Silver hasn't tanked today

Considering my trend of it dipping straight after a decent $$$ outlay

Here's to a new beginning I guess..... to the moon lol

 

[phrenzy]

another few cents and I'll have broken even! it's a red letter day!