stop buying at what price

I

Iluvnumbers

Member
Hi all, I was just contemplating at what price I might stop purchasing silver. (or gold too for that matter). Just my thoughts AG@ 55 and perhaps AU @ 2000 aud. Would appreciate others thoughts?
 
Iluvnumbers said:
Hi all, I was just contemplating at what price I might stop purchasing silver. (or gold too for that matter). Just my thoughts AG@ 55 and perhaps AU @ 2000 aud. Would appreciate others thoughts?
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If it were me and money wasn't really an obstacle, I would continue stacking at those prices. Though I do believe Gold would probably be higher this go round if Ag were $55, but that's USD.
 
Silver $32
Gold $1800

They are my numbers, more strict on Silver than Gold though at the moment.
 
roman1613 said:
Silver $32
Gold $1800

They are my numbers, more strict on Silver than Gold though at the moment.
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So you're out of the game for now?
I'd say you've probably bought your last ounce of silver and 2011 will be the last year for purchasing Au. Which is great since you've probably been stacking a while.
Wish I had been too.
 
940palmtx said:
roman1613 said:
Silver $32
Gold $1800

They are my numbers, more strict on Silver than Gold though at the moment.
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So you're out of the game for now?
I'd say you've probably bought your last ounce of silver and 2011 will be the last year for purchasing Au. Which is great since you've probably been stacking a while.
Wish I had been too.
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I'm banking on GFC2 getting me back into the game, I think it's mad to be buying Silver in the 40s with the world economy how it is but i'm in the minority on that one it seems.

Been stacking for awhile, yes.
 
hotel 46 said:
buy till you die. think i will die stacking. :lol:

silver will stay relevant to its value. silver is still being produced but its getting more costly as time goes by. so one day you will stop and silver will leave you and carry on. i think that one day you will regret your decision to stop being a buyer at a certain value. so the curved ball will get away from you exponentially beyond your reach.

gold i dont like and see it as rather stale and it ties capital up that you can use better on silver. every month just a little bit more. do you honestly think it will crash and stay down? no it will always fight its way back to its rightful place. i think not so much as silver exploding but rather fiat imploding. fiat devaluation is the curved ball not silver.
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Not at all, I think it will crash and then I will buy and watch it go back up. I am of the opinion that buying on the way up is wasteful, you're going to get dips and that is when you should buy.
Take April as a fine example, parabolic rise and people buy on the way up ignoring all signs that a major correction is overdue. May comes and instead of buying at $40-$50 you can now load up at $34. I hold silver longterm and strongly beleive it will get into triple digits within 5 years but i'm playing smart on the way up to there.

My idea of smart, I should clarify.
 
With all the problems afflicting the world at the moment, as a conservative measure, it would not be unreasonable to see gold and silver at circa US$3000 and US$100 within 2 years. Possibly even earlier.

Factor into this calculation, a sizeable devaluation in the A$, and you have a recipe for big profits.
 
If silver retained its present value in terms of how many gallons of fuel, kiloWatts of electricity or Big Macs you could purchase, it will appear worth more in fiat terms due to inflation and quantative easing ( i.e printing fiat ).

Net effect is silver will rise in units of fiat as long as the Western world remains as fiscally screwed as it is today.
 
I don't think you're way of thinking is foolish exactly hotel 46, if you got the impression I was calling you a fool let me apologise, I just go about getting to the finish line in a different way. No hostility intended.

EDIT: think I read your reply wrong
 
My limit was always AUD $20/oz of silver. I have broken that. I certainly won't purchase above $50. I'm stacked now. It is time to invest elsewhere.

I might buy some more gold just to reach a certain amount. Limit AUD $2000/oz of gold.
 
I dont buy Gold as I cant afford it, well I can but I see my fiat better off in Ag, I'll probably go to $120.00 an Oz , I'm still trying to get my head around the comparison of Au above ground V Ag , I still think we have 3-4 yrs ahead till the top of the price range with an historic GSR to go with it.
Just my toughts tho.
 
I consider two major aspects.

Firstly whats your dollar cost average and the second, what are the heavy hitters doing?

If your dollar cost average is $20 and you want to by more ounces at $40, which raises your average to $21, so be it. Obviously if you could buy at $35 instead of $40 then good on you etc.

Secondly, following success and their money is a good barometer for buying bullion. What are the Eric Sprott's and the Rick Rule's of the world doing. Have they stopped buying?

Just some thoughts.

BG
 
BIGGRIN said:
I consider two major aspects.

Firstly whats your dollar cost average and the second, what are the heavy hitters doing?

If your dollar cost average is $20 and you want to by more ounces at $40, which raises your average to $21, so be it. Obviously if you could buy at $35 instead of $40 then good on you etc.

Secondly, following success and their money is a good barometer for buying bullion. What are the Eric Sprott's and the Rick Rule's of the world doing. Have they stopped buying?

Just some thoughts.

BG
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Rick Rule, no. But he is buying gold.

Eric Sprott, yes. In fact he is selling some physical gold to buy miners.
 
spannermonkey said:
Silver $150
Gold $5000
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+1 I'm feeling that if I had to put a figure on it. My goal is to sell it when it can buy me mad acreage somewhere all purpose.
 
...but selling is not the same as buying...That can be just as tricky
 
AU$55 per oz silver inc postage, seems to be where i get hesitant if that helps for bullion. And double that for coins.

I much prefer to find gold than buy it :)

Philllip
 
geewiz said:
...but selling is not the same as buying...That can be just as tricky
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Very True. As a long term Bull, I see the value of buying and holding for years, but at the same time, I've sold silver once and gold twice already. Not much in terms of overall percentage though. I like the idea of making a little cash on the way up, all the while increasing my net pm holdings. I am not a speculator at all, it just seems that my approach allows me to make a little money to reinvest that I wouldn't have had otherwise, since I don't actually earn enough money to buy as much as I'd like.
 
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