The Long Haul

[Guest]

I'm damn new to all this and until only about two months back had never invested in anything, well maybe the odd bag of wacky backy in my younger years or a bottle of rum but I seemed to have squandered all that instantly.....Up in smoke and down the gutter as the saying go's.

Thing is now that I am older and ......... well older and not so dumb, and the wool has receded from my eyes along with my hairline. I now have a goal to accumulate shiny things of all shapes and sizes, I started out with a set program of collecting x amount per week but messed up and the x became x squared in quite a short amount of time. Not detrimentally so at all and all within budget restraints etc but I did sort of throw my plan out the window and the dog ate it....and then came looking for more.

So anyways I am wondering, My goal/plan is /was long term, and is Silver, five-ten/fifteen years before seeing a decent return on my current $ input . I do a fair bit of reading and try to ignore blatant hype from both sides but dont see too much info on the relative terms that I am stacking on .

I read a lot here about exit strategys etc and am wondering that if silver as expected does gain the dizzying heights that we expect based on the current supply demand expectations and the end of manipulation processes , is there any reason at all that my plan of say ten years will not come to fruition other than a me no here no more but the kids are happy type scenario ?

What are your time frames for Silver? are you long term or just holding till the shiny hits your exit price ? and where to from there ? . I read a lot of Silver wanting to be Gold type stuff but to be honest I dont really like Gold. It's like a big fat Pimp that just sits there , gets fat, doesnt work, has no realtime work experience, and is just lazy. I just cant take to Gold.

Emotional No, I just dont like Gold.but I love silver. So all, long or short on Silver ? Love to here your opinions.

 

[Guest]

Long term until I think the GSR is close enough to trade the bulk for Gold.

For me, I'll still want some silver in the kitty for a raining day, come what may. Humans are destroying the stuff and we cannot make more of it, so eventually something will have to give.

But end game, for me it's all about Gold. Gold is Money and nothing else.

 

[Bulawan pilak]

When I first started investing it was actually to do with the $AUD increase to parity with the $USD. I initially found Gold to be a source of wealth to invest in, but after some research I invested the majority of my fiat against silver. My initial plan was for 5 years...my thoughts for this are the extra money I place on my mortgage will go into purchasing silver or gold and after 5 years I will put it back onto my mortgage. Because realistically while it is invested in metals it is not decreasing my monthly mortgage payments....I have an offset loan.

This means I want an increase above what the bank will pay for their interest...I am looking for 9 - 10% return/year on the increase of the Au/Ag price.

If I make this I will be pleased, If it goes beyond this I will be happy. At the other end If over the next 5 years all the analysts are wrong and the US economy improves with teh $AUD decreasing vs the $US....I will still make a return on the Ag/Au I have purchased.

Whilst I have been buying strong on Silver and it is becoming more addictive, i want to now start buying more Gold...It looks like I will purchase 1 ounce at a time or the 10 gram PM bars look good.

All the other talk of prices going parabolic is just ear candy and some reasurrance from SS that I have made the right decision.....my main goal is to own my house before I get to retirement age....which will probably be 80 when I get there......

 

[Silverthorn]

If I make this I will be pleased, If it goes beyond this I will be happy. At the other end If over the next 5 years all the analysts are wrong and the US economy improves with teh $AUD decreasing vs the $US....I will still make a return on the Ag/Au I have purchased.

The biggest gains may well come when the US economy really does start to recover if interest rates stay below the rate of inflation. That's assuming history does repeat somewhat.

 

[Silverthorn]

The biggest gains may well come when the US economy really does start to recover if interest rates stay below the rate of inflation. That's assuming history does repeat somewhat.

dont know how you see the us economy recovering? they can only devalue the dollar to pay of their debt. china stopped that pretty smart. europe will join them in the gurglar. just a question of who goes first.

No depression lasts forever. To me its just a matter of whether their pollies get some nous or the markets force their hand. Their dollar will most likely devalue quite a lot. I'm looking for to eventually take out 74 cents and head lower.

 

[greyman68]

My aim is to stack as much Silver and Gold as I can for the next 25 years (25 years until I retire), then use my Stack to finance my retirement. Pathetic Super funds that lose money are not going to cover a comfortable lifestyle. I stack myriad types of bars and coins from 1oz to 100oz so i can liquidate according to needs. 1oz for the groceries for a week, 10oz for large items, 1kilo for new cars, 100oz for holidays or house renovations.

I definately believe that Silver will be woth more than $50 an oz in 25 years, I should have a minimum of 10,000 oz Silver and about 1000oz of Gold by then.

 

[Guest]

The biggest gains may well come when the US economy really does start to recover if interest rates stay below the rate of inflation. That's assuming history does repeat somewhat.

dont know how you see the us economy recovering? they can only devalue the dollar to pay of their debt. china stopped that pretty smart. europe will join them in the gurglar. just a question of who goes first.

No depression lasts forever. To me its just a matter of whether their pollies get some nous or the markets force their hand. Their dollar will most likely devalue quite a lot. I'm looking for to eventually take out 74 cents and head lower.

Another way of history repeating is that great empires have tumbled and fallen over time , just in the last five hundred years alone we have seen this with the Western world. We have seen the East and the West in recent history control the social, political and economy so is it not the turn of the Middle now?

 

[Guest]

My aim is to stack as much Silver and Gold as I can for the next 25 years (25 years until I retire), then use my Stack to finance my retirement. Pathetic Super funds that lose money are not going to cover a comfortable lifestyle. I stack myriad types of bars and coins from 1oz to 100oz so i can liquidate according to needs. 1oz for the groceries for a week, 10oz for large items, 1kilo for new cars, 100oz for holidays or house renovations.

I definately believe that Silver will be woth more than $50 an oz in 25 years, I should have a minimum of 10,000 oz Silver and about 1000oz of Gold by then.

I am totally with you there greyman, except I am not up to par so far as stack levels go (yet) . I am seriously pissed at the amount of $ lost and pissed away with my compulsory super , i figured out recently that if I only had ten aluminum cans for every $ lost on my super and eaten by fees I would be in a much better situation in the future just on the price of scrap aluminum .

PS Like the tag, it is also the name of an Australian charity I donate to - the 68 .

 

[Silverthorn]

Another way of history repeating is that great empires have tumbled and fallen over time , just in the last five hundred years alone we have seen this with the Western world. We have seen the East and the West in recent history control the social, political and economy so is it not the turn of the Middle now?

That's a possibility eventually that I wouldn't discount and one reason I'm in for the long haul. It would be politically unacceptable but the simplest way to get their house in order would be huge cuts to military spending.

 

[lakesentrance]

They can't and won't cut military spending, until it's the only spending they have left to do.

The Military Industrial Complex owns the United States and controls the United States. You can see it happening now.

Obama promises huge cuts in spending ... homeless grants, education, public sector, increase taxes .... but not a word on reducing military spending. If anything, it's increasing. They're obviously going to go down the road of a military regime. It wouldn't faze the american media to have the military take a larger more public role ... as they'll convince everyone that they're needed more than ever now, because of the food riots happening in NYC.

All those dissidents protesting about rising food and energy prices need to be supressed. They're trying to destroy the fabric of the great American society.

The way the US condemns Libya at the moment, I can see them doing the same thing. Fema camps anybody? At least you'll probably be fed.