Silver Stackers current sentiment about silver

[Yippe-Ki-Ya]

Cashing up at the moment, no silver for me.

Don't know what it's going to do, but rather wait and see than dive in now.

It's not rocket science mate. It may go down still a bit more but it will definately increase in price many-fold after that.
how long it takes exactly before it reaches $50 or $100 ? who cares?!!

you sound like somebody who'll catch it on the way up though - maybe at $30 or $40 - depends on how quickly the price rises and how long it takes you to awaken from your slumber

 

[Yippe-Ki-Ya]

I am buying silver. Also looking to see what I can sell that I no longer value in order to buy more silver. Should it drop further, then I can buy even more silver. As I'm over 60, now might be a good time to cash in some super and buy silver. Expecting a windfall from overseas in the next few weeks, I'll use it to buy silver.

I believe silver is the most undervalued PM at the moment. My worst case scenario is that gold drops to $720 and silver drops to $18. I would then swap my silver for gold at a GSR of 40. Totally hypothetical of course but at a current GSR of about 64 silver could not drop at a larger rate than gold at these current levels.

NOT FINANCIAL ADVICE

but I would not be putting all of your eggs in the PM's basket

lol - what other baskets are there at the moment?

property? :lol:

shares? :lol: :lol:

bonds? :lol: :lol: :lol:

 

[worldbubble]

long term holder
the goal for the year is 300 oz, not sure if I can make it though ...

 

[hawkeye]

Are you a long term or short term holder of physical? Not LT or ST. It all depends on circumstances. If it goes into a speculative bubble, the vast majority, but not all, will be sold.

Before this take down, did you have strong convictions for holding silver? Yes

Are your convictions strong still to hold? Yes

Have you questioned your decision to hold silver during this take down? (Even a little?) Yes, I questioned whether deflation was going to be the dominant force. I still think it will be long-term but inflation/stagflation looks to be the immediate future.

Have you sold or added any due to the take down in price? No to both. I'm not selling at or near the bottom, but also I'm as fully invested in the metals as I want to be and have been for some time. There are things other than precious metals (like crypto-currencies for example) and I think many here probably have too much focus on the PM's to the exclusion of anything else.

 

[BamaGuy]

It's not rocket science mate. It may go down still a bit more but it will definately increase in price many-fold after that.

I wish I had $1 for every guaranteed investment promised on a metals forum..

 

[Court Jester]

how long it takes exactly before it reaches $50 or $100 ? who cares?!!

I CARE!!!!!!!!!!!!!!!!!!!!!!!!!!!

I cant take the silver to the grave with me ( well I can but it wont do me any good ) and if it say takes another 30 - 40 years (not saying it will take this long ) to hit that amount than a fat lot of good it will do holding onto it for all that time as it probably wont do ME any good after that time frame.

if you dont care what the prices are of your investment you might as well piss up the money now and have fun with it.

 

[Court Jester]

I am buying silver. Also looking to see what I can sell that I no longer value in order to buy more silver. Should it drop further, then I can buy even more silver. As I'm over 60, now might be a good time to cash in some super and buy silver. Expecting a windfall from overseas in the next few weeks, I'll use it to buy silver.

I believe silver is the most undervalued PM at the moment. My worst case scenario is that gold drops to $720 and silver drops to $18. I would then swap my silver for gold at a GSR of 40. Totally hypothetical of course but at a current GSR of about 64 silver could not drop at a larger rate than gold at these current levels.

NOT FINANCIAL ADVICE

but I would not be putting all of your eggs in the PM's basket

lol - what other baskets are there at the moment?

property? :lol:

shares? :lol: :lol:

bonds? :lol: :lol: :lol:

Property-- first thing you should invest in -- you need somewhere to live and call home ---
Shares -- will significantly out preform PM's while QE is in effect and have done so since QE round 1
Bonds ---- I agree would not touch them atm.

 

[Yippe-Ki-Ya]

I am buying silver. Also looking to see what I can sell that I no longer value in order to buy more silver. Should it drop further, then I can buy even more silver. As I'm over 60, now might be a good time to cash in some super and buy silver. Expecting a windfall from overseas in the next few weeks, I'll use it to buy silver.

I believe silver is the most undervalued PM at the moment. My worst case scenario is that gold drops to $720 and silver drops to $18. I would then swap my silver for gold at a GSR of 40. Totally hypothetical of course but at a current GSR of about 64 silver could not drop at a larger rate than gold at these current levels.

Adding to the wisdom of not putting all your eggs in one basket, if gold drops to $720, silver will easily be below $9, not at $18. If you want proof, look at 2008 charts. Someone who is 60 should not be gambling by putting a significant portion of their wealth in silver. I myself have too much in silver, but it is now hedged. And due to selective buying of mostly semi numismatic coins, I should be able to average a nice profit on the sales. The GSR is probably going to go to around 80 or 100 to 1. And silver will and always has gone up or down more than gold. If you really believe the things you wrote in that last paragraph, you do not understand silver. And what you don't understand, you shouldn't own.

and how long do you reckon the GSR will stay at those levels?

"And silver will and always has gone up or down more than gold"
I love the way you pretend that things you've freely admitted to aren't a factor.
Do you believe there is more downside or upside left in the coming years for PMs?

Me thinks you are the one who does not understand ...

 

[Yippe-Ki-Ya]

how long it takes exactly before it reaches $50 or $100 ? who cares?!!

I CARE!!!!!!!!!!!!!!!!!!!!!!!!!!!

I'm sorry to hear then that you don't have more than a few years left to live ...

I cant take the silver to the grave with me ( well I can but it wont do me any good ) and if it say takes another 30 - 40 years (not saying it will take this long ) to hit that amount than a fat lot of good it will do holding onto it for all that time as it probably wont do ME any good after that time frame.

Oh i see - you're "one of those" who reckons the PMs are now in a sideways or bear market for the next 3 to 4 decades...
you obviously don't have any understanding of what's going on in the real world.
Why dont you buy shares then or some other paper asset? I'm sure that the banking elite will be able to continue to inflate paper asset prices for the short term. Get yourself a 'fix' or 'profit' there for the short term!

Just hope you don't get caught with your d1ck in your hand though when the music stops. :lol:

 

[Yippe-Ki-Ya]

NOT FINANCIAL ADVICE

but I would not be putting all of your eggs in the PM's basket

lol - what other baskets are there at the moment?

property? :lol:

shares? :lol: :lol:

bonds? :lol: :lol: :lol:

Property-- first thing you should invest in -- you need somewhere to live and call home ---

BEEEEEP!!!
wrong answer mate. no should do here in most overpriced property on earth land.
You don't read much besides the MSM do you?

Shares -- will significantly out preform PM's while QE is in effect and have done so since QE round 1

really?? good luck with that mate.
QE will continue to be "in effect" until it has no effect at all - besides a catastrophic one :lol
You really are an avid believer in the invincibility of central banks aren't you?? :lol:

 

[Yippe-Ki-Ya]

Added to my position. Only sold a bit of silver to buy gold stocks. I see this correction as healthy for silver and a great opportunity to buy.

lol
yep a great Opportunity to buy is always just around the corner just like @ $45, $40, $35, $30, $25 and now $20

yep back the truck up -- what can go wrong

Time will tell who is right. I can hold long term 5, 10+ years.

many of the chumps cannot hold out that long - hence they bag silver.
ironically it will take nowhere near that long for PMs to correct.

 

[Yippe-Ki-Ya]

It's not rocket science mate. It may go down still a bit more but it will definately increase in price many-fold after that.

I wish I had $1 for every guaranteed investment promised on a metals forum..

I assume you're not a follower of history?
Which may explain why you reckon the US is not in deep trouble financially speaking

 

[Dynoman]

Unless like me (Confessed Silver Bug), you'd look at Silver over the past year & say it was a crappy investment. So like most here, I'm in for the long haul hoping it will help fund my retirement in the future. I've a mixture of numi, hard & allocated thereby spreading the opportunities for gain or minimised loss. According to my short term five year plan silver should be around $100 by now. So thank god for rare china bears

 

[montecristo4]

Are you a long term or short term holder of physical? Long Term. May sell part of my position if there was a massive spike or a significant improvement in the GSR

Before this take down, did you have strong convictions for holding silver? Yes, but similar conviction to holding gold

Are your convictions strong still to hold? Yes

Have you questioned your decision to hold silver during this take down? (Even a little?) No. I am trying to dollar cost average in to a position that represents a small % of my net assets. It is going to take quite a few years to achieve that and I hope that building my position over time I will realise a fair average cost.

Have you sold or added any due to the take down in price? No

 

[Court Jester]

how long it takes exactly before it reaches $50 or $100 ? who cares?!!

I CARE!!!!!!!!!!!!!!!!!!!!!!!!!!!

I'm sorry to hear then that you don't have more than a few years left to live ...

I cant take the silver to the grave with me ( well I can but it wont do me any good ) and if it say takes another 30 - 40 years (not saying it will take this long ) to hit that amount than a fat lot of good it will do holding onto it for all that time as it probably wont do ME any good after that time frame.

Oh i see - you're "one of those" who reckons the PMs are now in a sideways or bear market for the next 3 to 4 decades...
you obviously don't have any understanding of what's going on in the real world.
Why dont you buy shares then or some other paper asset? I'm sure that the banking elite will be able to continue to inflate paper asset prices for the short term. Get yourself a 'fix' or 'profit' there for the short term!

Just hope you don't get caught with your d1ck in your hand though when the music stops. :lol:

I will probably live for another 40+ years but living and being able to spend and enjoy your investement are completely different things to just cashing it in.

I dont see silver hitting $50 in a "few" years not even close to that.

I believe they will be sideways but NOT for 3-4 decades. I think at least 10 years of it going no where is a distint possibiity until at least the Germin repratitration is complete at least it may start rising then.

the banking elite inflating the paper assets is why the paper assets will out perform PM's in the short term. There will come a time I will dump my shares and pile into PM's but that wont be until QE is tapered / stopped, until then the I will take the "artificially" inflated investements where I will actually grow my investement as opposed to PM where it still can currently go a lot lower and has been pulling back for two years now.

and trust me I know when to pull out 29 and no kids yet (that I know of ) so I am pretty confident I will be right when the music stops

 

[Altima]

I think what most of us forget to take into consideration is that all it takes is one global event to disrupt the current status quo, and this could potentially be the catalyst required for PMs to rise substantially.

I believe it is foolish for someone to think that they know the market better than anyone else. More often than not, they are only made to believe that they know what they're doing.

 

[Court Jester]

lol - what other baskets are there at the moment?

property? :lol:

shares? :lol: :lol:

bonds? :lol: :lol: :lol:

Property-- first thing you should invest in -- you need somewhere to live and call home ---

BEEEEEP!!!
wrong answer mate. no should do here in most overpriced property on earth land.
You don't read much besides the MSM do you?

Shares -- will significantly out preform PM's while QE is in effect and have done so since QE round 1

really?? good luck with that mate.
QE will continue to be "in effect" until it has no effect at all - besides a catastrophic one :lol
You really are an avid believer in the invincibility of central banks aren't you?? :lol:

iRealestate here may be overpriced but the market has pulled back a lot recently in parts of the country and there are good buying opportunties out there. I also believe it is better than renting as most people cant save the difference between the rent and mortgage. Like I said you need a place to live, so that means renting or buying you wont be homeless living on the streets and investing in jack my friend.


Believe it or not I trawl these pages and read most threads and the links and articles in all of them. I dont just only follow the MsM. I have read and researched pleanty and have come to my own conclsions. Only time will tell which one of us is right.


I dislike the reserve banking system but that is the system we currently live under weather you like it or not I wont live to see anythign other than it. Qe is inflating the aper markets and deflating PM's its will just be a matter of timing it right as to when to switch out of one to the other and as above I believe it wont be the case for at leas 10 years.

 

[Silver bullitt]

and trust me I know when to pull out 29 and no kids yet (that I know of ) so I am pretty confident I will be right when the music stops

"Trust me, I'll pull out in time" :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:
OMG, the unplanned pregnancies that result from that line! :lol: :lol: :lol: :lol: :lol: :lol:
You, my friend, are just extraordinarily lucky.

 

[wrcmad]

Added but except trying to get a good price at the time the price doesn't matter. Stacks are measured in ounces.

:lol:

 

[hawkeye]

I think a lot of people here, have got into this inflationary mindset, probably because inflation has dominated their lives.

Who is to say that inflation will dominate the next 30-40 years? It seems highly likely that the financial system will have changed well before then. History shows us this happening especially when you have a fiat regime.

So assuming Gold and Silver are going to be good long--term (multi-decade) assets? Seems like folly to me...