Starting out.

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opencircles

New Member
Wondering what you all think the prices are going to do? Needing to know if now is a good time to buy or if i should wait.
 
opencircles said:
Wondering what you all think the prices are going to do? Needing to know if now is a good time to buy or if i should wait.
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Firstly - WELCOME :cool:


I personally advocate and use dollar cost averaging. I buy a bit here and there when I can on as regular basis as I can.


However I'm buying at a slow pace because in the past I went hard then I get caught out :(
 
the $64000 question!! ummm... anyones best guess... it is about the same level it made a low on the 28th Jan... if that means anything? it could go lower? or it could turn around and go back up again? who knows... my guess if it does go lower.. it wont go any lower than it did over new years...
but i am cr*p at predicting price... i have a horrible habit of buying just before dips :P
 
opencircles said:
Thinking about buying 10oz but have noticed the prices going down.
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If it's 10oz of Silver - buy it and start thinking about what you're going to get next :)


If it's Gold....... You'd better have deep pockets :cool:
 
Welcome ... I think this is a good time to buy ,asits dropping bit at a time or do it my way and just jump in . Good luck
 
think long term... if you're like me then you don't plan on selling it any time soon...
think long term.
i'm in the dollar cost averaging group.. buying what i can when i can..
try not to think so much about making a loss.. just dive in head first and start your stack growing.
and good luck, i am planing on making a buy in a few days. so i guess i need the luck to..

edit: 10 ounces of silver isn't much in the scheme of things.
 
Read, learn and understand the fundamentals of precious metals and the different economies worldwide. I recommend buying Mike Maloney's 'Guide to Investing In Gold and Silver: Protect Your Financial Future' to get a good grasp on what's going on and why you should be buying PM's.

Buy what you can with any spare cash and ensure you can take the risk of losing some $'s. There's always the possibility that prices will crash but also the possibility they will rise significantly, it's up to you to decide which fundamentals are stronger.

Personally I'm in for the long haul and have disposable income which I think is much better spent on something with intrinsic value rather than wasted away on consumeristic crap or kept in the bank system perpetuating the shenanigans of those naughty banksters.

This chart gives a pretty good prediction of the silver price over the next few days/weeks/months/years :D
[imgz=http://forums.silverstackers.com/uploads/6531_retarded_monkey_silver_prediction.jpg]
6531_retarded_monkey_silver_prediction.jpg
[/imgz]
 
House, your chart says going up then going down etc.

Mine goes down, then up, then down.

One of us is gunna go broke. :P
 
opencircles said:
But what if the prices drop back down to what they where in the early 2000's? That would be a huge loss.
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:rolleyes:
And what if the

You get hit by a bus

What happens when the stockmarket crashes
 
opencircles said:
But what if the prices drop back down to what they where in the early 2000's? That would be a huge loss.
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What if the fiat system collapses and cash becomes worthless and you dont hold any Precious Metals?

That would be a huge loss. ;)
 
opencircles said:
But what if the prices drop back down to what they where in the early 2000's? That would be a huge loss.
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Seeing as eveyone else is quoting this :D

And what if the prices rise to what they were in May of last year? That would be a huge gain... It's anyones guess as to how it'll go ;) . Long term I think the few piddly little dollars dropping here and there will be insignificant. Especially when compared to purchasing power in the future.

As I said, look at the fundamentals, decide for yourself what you think the outcome will be and buy when you believe the time is right. You go guuuuurrrlllll

EM, just realized that the chart I posted is for next weeks silver prediction :rolleyes: My apologies. It should match yours on Monday
*chart was stolenborrowed from le Retarded Monkey*
 
opencircles said:
But what if the prices drop back down to what they where in the early 2000's? That would be a huge loss.
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If THAT ^^^ happens, I personally will buy your 10oz from you at today's price. It's a deal, I'm serious.
I could probably eat my hat at the same time, but that'll cost you extra. :)
 
opencircles said:
But what if the prices drop back down to what they where in the early 2000's? That would be a huge loss.
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Silver follows gold, in a more volatile way. Look at the gold chart for the past 5 or 10 years, then look at the 5 or 10 year chart for the United States Dollar. Both can be found here:

http://netdania.com/Products/live-s.../real-time-forex-charts/FinanceChart.aspx?m=c

Which would you rather save? My first 10oz was $350, but by dollar cost averaging and buying when I see the price go down(like now..), I got my average cost per ounce down to $32 over the past year. Don't worry about what you buy it at, just keep buying every chance you can. If nothing else it's a way of forcing yourself to save. I can never save fiat...it's just so ugly I always want to get rid of it. Silver is much easier to save :)

IMO, we won't see prices lower than $26 ever again, yet there's a high possibility we will see over $50 in the next 3-5 years. That's a pretty good ratio of downside to upside.

Just my 2 cents.
 
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