Really Confused... Silver crashing or climbing?

S

ShinyStuff

New Member
Hi Guys and Gals,

Just read MatrixOpal's thread (I am a cabber too MO) and I am very confused. I have used my SMSF to purchase PM from ABC Bullion Syd and I am happy with my choice... my own due dilligence right? Well, I now find I am second guessing myself. :(

No rants or raves, tell me without spin... are we crashing or climbing? :/

ShinyStuff.
 
A guy with no credentials, who writes an article with no facts or stats, in which the title itself is a contradiction, has you confused?
 
SilverBaron said:
A guy with no credentials, who writes an article with no facts or stats, in which the title itself is a contradiction, has you confused?
Click to expand...

:| Well as a total noob I have no idea about his credentials.... but maybe I am..... just.... plain... simple.... and.... get.... confused.... easily.... :D
 
I'm a noob too and I'm not saying silver will go to the moon or hit $9/oz but all that post did was make me lose respect for that guy (I start out with equal respect for everyone and then they either lose it or gain it :))
 
For SMSF you buy it, put it away and come back in a couple of years to look at the financial performance. Significant fluctuations will occur in silver and it's a part of the ride. Whether it will go up or down short term is largely irrelevant, it's a long term investment for a lot of people.

My personal view is that silver is still a good investment but I expect it to drop in value and wouldn't be surprised to see it trading around $20-$25. The market is so volatile that anything could happen.
 
Try to avoid stressing the daily fluctuations of silver.
As they say, buy on the dips....

Paper silver is being affected causing these fluctuations, I think physical buyers are just waiting for their moments to buy.....Most analysts are still stating this is a bull market......Just wait and watch.....

If you are really worried, (based on that $12 silver report) you can start digging a bunker in your backyard, but your local council will probably just increase your rates.....
 
Graeme said:
For SMSF you buy it, put it away and come back in a couple of years to look at the financial performance. Significant fluctuations will occur in silver and it's a part of the ride. Whether it will go up or down short term is largely irrelevant, it's a long term investment for a lot of people.

My personal view is that silver is still a good investment but I expect it to drop in value and wouldn't be surprised to see it trading around $20-$25. The market is so volatile that anything could happen.
Click to expand...

I agree silver is volatile (look at the AU$ over the past 5 years) but each has their own opinion- mine is a silver price back in the $40-$45 range by year end. I am just as likely to be right as the $12 prediction. More relevant is what will silver buy in 5 years time and what will your AU$ buy then. I put my current money on Ag. The red haired wonder cant meddle in my silver.
 
we are going up to 43 usd!

the hidden message buy more on the way up.
 
I agree with Matrix.
All this talk about silver to the Moon is dangerous for Newcomers.
How much money did they lose when they bought at $48.
People were saying it couldn't go down.
There needs to be some advice to the contrary.

Gold ,I think,is safer.
Silver is speculative and volatile.

I believe silver could go to 25-23,and then maybe even to 9.Noobs should be warned about this.
It could also go up to $60-$80.
If things get bad ,I think it will go down.

My respects to Matrixopals.It doesn't get you cheers on this forum to take a cautious or balanced view on silver.
 
I had no problem with it, just pointing out that there was no evidence on it. No news, no chart analysis, just a hunch.
 
southerncross said:
I think he's been snorting potch powder....
Click to expand...

I was thinking something similar but snorting Opals - maybe one got lodge in his brain?

I'll start my broken record again which has played for the last 2 months - far too much support and money looking for a new home to have any serious correction. If the paper price became $12.the physical price will jump 300% in premium - ie decouple. If you have the nerve to hang out for this supposed drop,good for you, might be a brilliant call? but I don't have your stamina. I prefer to see what the big boys are doing and follow there lead.

Again look at history and learn about the item your investing in - plenty of shakeouts to come like the $100 to $50 drop (mark my works)

Do you really think a silver mine will do double or triple shifts to get you cheap physical at $12/oz?

Think your pockets are deeper than the next buyer?

Were you stacking during 2008 when the spot was around $9/oz? What was the real buy price you paid per oz? What availability was there for you to purchase?

Little history and research will go a long way...new to this and not sure where to start? Try Mike Maloney's book.
 
SilverBaron said:
I had no problem with it, just pointing out that there was no evidence on it. No news, no chart analysis, just a hunch.
Click to expand...
+1

A few on SS have been saying the POS to drop in the $30's or less.....and this hasn't happened...

$12 Silver is imo a big call, could it happen? I guess anything could happen, but I am not going to rush out and sell all my silver based on scare tactics.
 
Peter said:
I agree with Matrix.
All this talk about silver to the Moon is dangerous for Newcomers.
How much money did they lose when they bought at $48.
People were saying it couldn't go down.
There needs to be some advice to the contrary.

Gold ,I think,is safer.
Silver is speculative and volatile.

I believe silver could go to 25-23,and then maybe even to 9.Noobs should be warned about this.
It could also go up to $60-$80.
If things get bad ,I think it will go down.

My respects to Matrixopals.It doesn't get you cheers on this forum to take a cautious view on silver.
Click to expand...


Hi Peter

Please explain "If things get bad ,I think it will go down". Are things not bad enough in the Western World. I presume you mean Europe and the US. I heard a figure yesterday that was truly bad. The G5 countries have 7x the debt of all the other countries put together. Real unemployment in the US at near 20%, riots in Europe - not bad enough for you ? I was recently in London and the terrible state of the roads subways and buildings compared to 10 years ago are those of an empire in decline. We are constantly confused by the government propaganda machine that juggles figures and massages data. How else can we as a country think that taxing an invisible gas absolutely vital for carbon based life, is good. If things turn truly terrible (Argentina in 2001, Zimbabwe) lets see how much your paper dollar will buy.
 
For smsf
The way i see it is...I myself wont retire for another 30 years

In 30 years time do i really see gold/silver being worth ALOT more then what it is now?
HELL YEAH!
Energy costs are rising...in 30 years time it will be sooooo expensive to even dig the damn thing out of the ground....not to mention it will just get rare and rarer.....like a steak thats cooked on a hot plate thats turned off...(WTF! LOL)
 
I have a feeling that Matrix's thread was more of a joke than anything. It's pretty amusing that so many are worked up about it. I'll bet my stack that we never see 20 dollar physical again. The spot may dip below 20 but much like 08' u won't be able to touch it for that price. If spot goes that low it will be unprofitable to mine and mines will shut down thus causing another shortage and price increase.

Also keep in mind that silver has been trading at 30 dollars and above for 6 months now. 30 seems to have massive resistance and with all the financial gloom and doom in the markets combined with massive increases in investors buying physical its nearly a no brainer. It may crash but if you are willing to hold on for 3 - 5 years there is substantial profit to be made. Myself, I'm buying mainly as a hedge against inflation. My house is pretty much paid off and the cars are too so I withdrew my RSPs took the 10 percent hit and reinvested in silver and gold. Though don't put all your eggs in one basket one thing the crash in May taught me is if you're gonna stack you need both gold and silver. Silver to make gains and gold to keep your gains secure.
 
Seriously, don't read anything on these forums as 'the bible truth'. You have absolutely no idea who are the people making these posts, including that matrix/opals person who seems to be trying to just build his credentials with nothing really backing them up.

Don't rely on these forums at all. The forums are a good indicator of 'general sentiment' and feeling in the market, but thats about it. If you're considering putting money into this area do your due diligence by doing some real research. If reading these forums is your 'research' then you have yourself to blame if you make a bad investment decision.
 
Matrix has failed to take account of the recent surge in demand for chickens which will lead to a vast over supply of eggs. Soon an ounce will buy you 12 dozen eggs not 5 or a single dozen.

P.S.

Your post indicates you are too easily influenced by stuff on forums.
 
Ronnie 666 said:
Peter said:
I agree with Matrix.
All this talk about silver to the Moon is dangerous for Newcomers.
How much money did they lose when they bought at $48.
People were saying it couldn't go down.
There needs to be some advice to the contrary.

Gold ,I think,is safer.
Silver is speculative and volatile.

I believe silver could go to 25-23,and then maybe even to 9.Noobs should be warned about this.
It could also go up to $60-$80.
If things get bad ,I think it will go down.

My respects to Matrixopals.It doesn't get you cheers on this forum to take a cautious view on silver.
Click to expand...


Hi Peter

Please explain "If things get bad ,I think it will go down". Are things not bad enough in the Western World. I presume you mean Europe and the US. I heard a figure yesterday that was truly bad. The G5 countries have 7x the debt of all the other countries put together. Real unemployment in the US at near 20%, riots in Europe - not bad enough for you ? I was recently in London and the terrible state of the roads subways and buildings compared to 10 years ago are those of an empire in decline. We are constantly confused by the government propaganda machine that juggles figures and massages data. How else can we as a country think that taxing an invisible gas absolutely vital for carbon based life, is good. If things turn truly terrible (Argentina in 2001, Zimbabwe) lets see how much your paper dollar will buy.
Click to expand...
Things can get a lot worse than this.
How about complete Economic collapse.

I think contrary views are to be encouraged on this forum.Some people here have a lot of money riding on all this
and so continual examination of all the possibilities is sensible and vital.
Daydreaming and escapism has no place here.

I suspect some people here are afraid that contary views here might bring down the price of silver.
The big boys control the price of silver and they don't care what anyone on this forum has to say.
 
I bought high but have not lost money as I haven't sold any!! :)

And I won't be selling any until 1000oz buys a nice house.
 
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