Time to cash in?

D

DrawerOfSilver

New Member
I think so. The prices of silver will be maintained at this price. It will not go above $25.00 per ounce and it won't go any lower than $16.00 per ounce. After holding onto silver for the last seven years, it seems that silver was a bad investment. I'm asking of anyone else feels this way or if there is going to be a bull run.
 
Perhaps a dead metal shouldn't be seen as an "investment", but a "store of value". An investment is something that brings you a steady income (e.g. a house you rent out), or that is used to produce new products (e.g. a factory). Silver is simply a hedge against inflation, but in the last couple of years there wasn't much inflation. Buy it for the long term, not to make a quick buck.
 
Have you ever been caught out needing to desperately drop a deuce in public when there are no public toilets around and you get that prairie dogging shooting pain feeling. I've got that right now
 
Caput Lupinum said:
Have you ever been caught out needing to desperately drop a deuce in public when there are no public toilets around and you get that prairie dogging shooting pain feeling. I've got that right now
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Yes, I have. The most memorable experience was on an overnight bus in Peru, several years ago. I asked the driver to stop, but it was a time when the Sendero Luminoso was stopping buses and asking money from people for "the revolution" (with a gun pointed at their head). They looked funny at me, but at the end they did agree to stop.
 
Well I just ordered some with some of my tax return.

AFTER clearing the credit card back to ZERO.
 
Perth are selling 10oz bars for $234.40 each as at 10:25:30AM Perth time.

Just wanted to lock that in to come back here in 2016! :D
 
Caput Lupinum said:
Have you ever been caught out needing to desperately drop a deuce in public when there are no public toilets around and you get that prairie dogging shooting pain feeling. I've got that right now
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Nope! I regular. Good metabolism hehe.....I get your point though & agree wholeheartedly...
 
Agree with what? it was a statement, not an opinion and I was lucky to walk quickly yet awkardly enough to find a pub just opening for lunch. Instant gratification. I even left a tip in the tip jar on the way out. They'll earn it
 
DrawerOfSilver said:
I think so. The prices of silver will be maintained at this price. It will not go above $25.00 per ounce and it won't go any lower than $16.00 per ounce. After holding onto silver for the last seven years, it seems that silver was a bad investment. I'm asking of anyone else feels this way or if there is going to be a bull run.
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I bought my first coins in December 2003 after reading weekly blogs from Bill Flenckenstein. He was predicting then the housing crash.
Bought silver at $8 USD an oz and gold coins at $400 USD an oz. Only bought 3 coins of silver and 3 coins of gold.
after a few years, I gave up looking at the price, thinking I had made a mistake and that Bill was wrong.

I clearly remember the 2008 crash of the USA.
Then, I realized that silver was $18 USD an oz a year later, in 2009.
wish I had bought more in 2003.

I stacked as the price went up to $45 an oz, and then brought my avg cost to about $28 an oz by stacking more between 2011 and now.
Obviously dissapointed it went down from $50 to today's $19.

Today, it feels a lot like between 2003 and 2007.
Only that the silver price is $19 instead of $8.
Bill Fleckenstein (and others) are again saying to be patient as they think the US stock market is a bubble ready to burst.
I plan on just waiting this one out as I did between 2003 and 2008, only this time, my stack is more than just 3 ozs of silver and 3 oz of gold.

My guess is that in a few years from now, say 2018, silver will be sideways at $45 an oz (after hitting a high of $75 an oz) and everyone will be wondering why the hell it is not going higher.
We shall see.
I'm happy with my stack, not adding to it, not selling either, will just wait this one out a few more years.
 
I still expect $2000 by year's end.
Not that it matters much in the long term but it will make us all feel warm for a few months despite the storm of misery in the world.
 
DrawerOfSilver said:
I think so. The prices of silver will be maintained at this price. It will not go above $25.00 per ounce and it won't go any lower than $16.00 per ounce. After holding onto silver for the last seven years, it seems that silver was a bad investment. I'm asking of anyone else feels this way or if there is going to be a bull run.
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You kept silver for 7 years, saw $20 $30 $40 $50 $40 $30 $20 passing, and now you decide.
Well lol, don't ask others, just sell and move on.
Maybe you make one happier. :)
 
JulieW said:
I still expect $2000 by year's end.
Not that it matters much in the long term but it will make us all feel warm for a few months despite the storm of misery in the world.
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$2000/ounce for silver? Who will be able to pay for that?
 
just remember. the following week after u or anyone else here cashes in their silver, it will be the "to the moon" week. followed by years of regret and depression. is that what u want DrawerOfSilver? is that what u want!? because thats how it will definitely play out.
 
SilverPete said:
JulieW said:
I still expect $2000 by year's end.
Not that it matters much in the long term but it will make us all feel warm for a few months despite the storm of misery in the world.
Click to expand...

$2000/ounce for silver? Who will be able to pay for that?
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oops that would be Gold. Silver I expect will be carried to 40 something, or if its monetary metal value still exists, then 60-70ish
 
For me PM's are insurance not an investment. Sell now only if you need to, keep some if you can. Reassess why you have the metal in the first place so it sits better with you. If you are still uncomfortable, then sell and understand your loss is now certain.

However, If the day of these ancient relics is done and dusted then why do central bank still hold this store (Drawer) of value? I would suggest they are not convinced it's time to sell either.

Remember, Gold and Silver only need to be repriced once!
 
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