Selling and buying back in?
- Thread starter Nate1010
- Start date
Argentum
Well-Known Member
At the moment most seem to agree that silver is manipulated. So when paper silver drops and you are thinking of selling then they try and manipulate you to sell. I suggest you keep that silver that you have and get some cash in meantime to buy if it does drop. If you end up having to much cash on hand and price stays about this much buy regularly a bit each week/month
Scorpion75
New Member
That's what i was suggesting. You put it in words i couldnt come up with at the time.I didnt want to say the wrong thing. To many coldies i think. LOL
Scorp
Scorp
Bargain Hunter
Active Member
Bullion Barron I tend to agree with you. Prices on SilverStackers in general have been worse than dealer prices lately. 
My question focuses on your investment horizon.
How long had you planned to hold to see returns knowing you entered a volatile market? Stick to your plan if you reason for investing hasn't changed.
I envy market timers cause I cant. I buy and hold metal.
I bought my first 1000 ounces at $9.96 and watched in climb to $18 where I bought another 1000 and then watched it rise further to peak in the low $20s. I thought I was pretty clever.
I then watched in disbelief as it rode all the way down to about $14 and then traded sideways for what felt like years.
I read a lot about the market in that period and then eventually got back on the horse and kept buying. This was when I purchased most of my stack.
Whenever I had funds I purchased. My last significant purchase was at $37 - earlier this year. I felt clever again watching it rise to sub $50.
I don't feel clever at the moment
I think we are in a sideways trend that is an absolute gift. Buy the dips in this trend.
Rick Rule has said we are in a volatile market on steroids - make this trend you friend, if it suits your plan.
I have a stack target and my plan has a long time horizon. I'm close to my stack target and I'm confident of a substantive ROI within 5 years.
What is your target and timeline?
How long had you planned to hold to see returns knowing you entered a volatile market? Stick to your plan if you reason for investing hasn't changed.
I envy market timers cause I cant. I buy and hold metal.
I bought my first 1000 ounces at $9.96 and watched in climb to $18 where I bought another 1000 and then watched it rise further to peak in the low $20s. I thought I was pretty clever.
I then watched in disbelief as it rode all the way down to about $14 and then traded sideways for what felt like years.
I read a lot about the market in that period and then eventually got back on the horse and kept buying. This was when I purchased most of my stack.
Whenever I had funds I purchased. My last significant purchase was at $37 - earlier this year. I felt clever again watching it rise to sub $50.
I don't feel clever at the moment
I think we are in a sideways trend that is an absolute gift. Buy the dips in this trend.
Rick Rule has said we are in a volatile market on steroids - make this trend you friend, if it suits your plan.
I have a stack target and my plan has a long time horizon. I'm close to my stack target and I'm confident of a substantive ROI within 5 years.
What is your target and timeline?
Photonaware
Active Member
Selling now and buying when it is lower !!
If only that was possible all the time ?
Only a person with a time machine can rely on that strategy. A better suggestion is sell when I buy because historically I always fall on the wrong side of the curve and I am pretty sure I am not alone in this forum.
If only that was possible all the time ?
Only a person with a time machine can rely on that strategy. A better suggestion is sell when I buy because historically I always fall on the wrong side of the curve and I am pretty sure I am not alone in this forum.
I think now is a good time to buy silver. I sold a lot at around 40. But then bought back in at 30-31. Should have waited longer, but you never can tell.
As for a long term play? Doubtful. Absent hyperinflation I think the price of silver will be lower than 50 at 2020. It's a short term (as in prob 2-3 years) play imo. Everyone who wails about the so-called silver shortage for industry just doesn't understand how technology advances. Or what kind of things are in the pipeline.
Silver is a play on the unreliability of fiat due to reckless govts.
As for a long term play? Doubtful. Absent hyperinflation I think the price of silver will be lower than 50 at 2020. It's a short term (as in prob 2-3 years) play imo. Everyone who wails about the so-called silver shortage for industry just doesn't understand how technology advances. Or what kind of things are in the pipeline.
Silver is a play on the unreliability of fiat due to reckless govts.
hawkeye said:
That's the big one. can I add corrupt to reckless? Problem is, shares and cash and property and gold are all shaky now, so even though there could be doom and gloom for the silver price (possibly) in the future, you can say that about every other parking place for your savings too. It's a crap shoot. The only really safe places to invest right now IMHO would be underpriced residential real estate and businesses that provide essential services, and things like coffee and alcohol....
Black_Sun said:
There is nearly always a substitute for everything in industry, but the substitute is never as efficient except in rare cases. Look at lead free solder for example, it's crap, it grows whiskers, it doesn't flow as well or bond as well, but it was the only choice when lead was banned from consumer and non-medical/military electronics.
Jonesy said:
Agreed. However, its quite a leap of faith to say that element "A" will not go up in price too much from today's price, because technology "will just come up with a substitute".
In the July 2010 European Commission document called, "Report of the Ad-hoc Working Group on defining critical raw materials", it says (p.5, Executive Summary), [this report] "... it takes into account the substitutability between materials, ie. the potential for substitution of a restricted raw material by another that does not face similar restrictions." It continues (p.7), "One of the most powerful forces influencing the economic importance of raw materials in the future is technological change. In many cases, their rapid diffusion can drastically increase the demand for certain raw materials..."
Think-tanks sub-divide the periodic table of the elements into 3 categories, (1) critical elements (over 30 elements including Ag & Pt), (2) frugal elements, and (3) the "elements of hope", which are the most abundant elements available to mankind and can be extracted from the earth's crust, from the oceans and from the atmosphere. They are called the "elements of HOPE" because they are praying that *somehow* we can figure out a way to use these elements for almost everything.
Antimony is one of the critical elements, so it was no surprise to many, that earlier this year, the chinese were involved in a protracted process to completely buy out the only Antimony company in Australia, Anchor Mining. If you look at the history here, the chinese were desperate, as they kept coming back to the bargaining table time & time again, with a new offer. A couple of months ago, James Dines told the Melbourne Resources Round-up conference that Australia is in danger of squandering its "irreplaceable inheritance ... traded for easily printed paper". Yeah sure China, take our antimony, we don't want it...
James Dines & Stephen Leeb both make the point that China is building huge stock-piles of these elements for China's use in the centuries ahead; they're not only accumulating in order to re-sell to the west at a higher price in some finished product. Thankfully for China, most western politicians are asleep at the wheel, although america's now getting worried at China's huge raw materials buying spree in Africa. When they told everyone a couple of months ago how much copper they had stock-piled, people were shocked, because it was a lot more than anyone had suspected. What was a big laugh was when american "military intelligence" woke from their slumber and realized that their missiles needed REE, which the chinese completely dominate; talk about panicking. Ha ha ha... that's US intelligence for you.
I don't believe that the answer to what is going on now, is to say, "Its not really that big a deal, because we'll just come up with substitutes."
Silver is only a small part of a much bigger story, that of materials scarcity.
The Chinese are now forking out billions in an attempt to take-over the biggest (pure) uranium miner on the ASX - "Extract Mining". The foruth largest primary uranium deposit in the world. This saga has been going on for a while now. Extract Mining appears to be crying for mama (viz: urgently seeking partner talks), because they don't want to be taken over.
The Chinese tried to completely take over Lynas Corporation in 2009, but the government stopped them.
REE and element 'U', again belonging to the critical elements. Just watch China go... hopefully they will leave some of the cake for us.
You can bet your bottom dollar that they are also quietly accumulating huge stock-piles of silver & gold, as much as possible without causing prices to go ballistic, because that would wake up certain persons who are having a nice slumber. Zzz....
The Chinese tried to completely take over Lynas Corporation in 2009, but the government stopped them.
REE and element 'U', again belonging to the critical elements. Just watch China go... hopefully they will leave some of the cake for us.
You can bet your bottom dollar that they are also quietly accumulating huge stock-piles of silver & gold, as much as possible without causing prices to go ballistic, because that would wake up certain persons who are having a nice slumber. Zzz....