When/if silver hits $15 or lower, what are u going to buy?

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ego2spare

Well-Known Member
everyone is talking about silver going below $16, and people giving their price that they will make BIG buys at on the way down.
but what is everyone going to buy at these prices? the regular PM coins or smaller bars that people usually buy, or will everyone switch to large 100oz/kilo bars and kilo coins? even if they dont normally buy those to take advantage of the prices.
 
ego2spare said:
everyone is talking about silver going below $16, and people giving their price that they will make BIG buys at on the way down.
but what is everyone going to buy at these prices? the regular PM coins or smaller bars that people usually buy, or will everyone switch to large 100oz/kilo bars and kilo coins? even if they dont normally buy those to take advantage of the prices.
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This is a question that I too have been contemplating.

I have to consider ease of liquidation if the price jumps up significantly over my investment horizon, especially if it rises into the $40+ levels. Could you easily offload 100oz bars at that point? But if silver stays flat or hovers around the $20 mark then larger, low premium bars would seem to be optimal. Really, I don't know :)
 
If it hits $15 ill be switching to other investments and maybe go buy a house.

I'll start buying again on the way up once it breaks some key resistance levels. Don't want to put too much more into this shiny sinking ship.
 
SilverPete said:
I have to consider ease of liquidation if the price jumps up significantly over my investment horizon, especially if it rises into the $40+ levels. Could you easily offload 100oz bars at that point? But if silver stays flat or hovers around the $20 mark then larger, low premium bars would seem to be optimal. Really, I don't know :)
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when it hits $15 i will buy my first 100oz bar (i just thought about it) lol. but i will get rid of it before $40/oz. then after that its kilo coins all the way.
 
At $15/oz I will be getting quotes for silver furniture to be made, buying solid silver door stops and 10kg display / conversation pieces... Maybe even a life size statue of myself.

All joking aside, I would maybe make an additional 1 or 2 large buys and then my silver buying habits would return to normal.
 
Brzt said:
At $15/oz I will be getting quotes for silver furniture to be made, buying solid silver door stops and 10kg display / conversation pieces... Maybe even a life size statue of myself.

All joking aside, I would maybe make an additional 1 or 2 large buys and then my silver buying habits would return to normal.
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I am actually thinking what to do when silver goes below $10, and one of the things I am considering is to make a statue of my daughter, with 3,000 oz. That wouldn't exactly be life-size, but still pretty impressive. Does anybody know an artist who can make for a moderate fee, without stealing half the silver?
 
Abossy said:
If it hits $15 ill be switching to other investments and maybe go buy a house.

I'll start buying again on the way up once it breaks some key resistance levels. Don't want to put too much more into this shiny sinking ship.
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You should know that everything that goes up has to come down, and everything that comes down has to come up. So I wonder why people would buy silver when it costs $30, but not when it costs $15 or $10? If you buy pm to make a quick buck, that's a bad move at any price. If you buy pm as a long-term safety net, then it makes 100% more sense at 15 than at 30.
 
Cheepo said:
Abossy said:
If it hits $15 ill be switching to other investments and maybe go buy a house.

I'll start buying again on the way up once it breaks some key resistance levels. Don't want to put too much more into this shiny sinking ship.
Click to expand...
You should know that everything that goes up has to come down, and everything that comes down has to come up. So I wonder why people would buy silver when it costs $30, but not when it costs $15 or $10? If you buy pm to make a quick buck, that's a bad move at any price. If you buy pm as a long-term safety net, then it makes 100% more sense at 15 than at 30.
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Yes, but to date I havn't really studied the charts or had much of a plan when buying. Usually I would buy dips, but it has just kept on dipping. Will buy sub $20 but will be more of a staged entry and have more of a plan. If it can go from 30 to 20 to 15, then it can go to 10.
 
Abossy said:
Cheepo said:
Abossy said:
If it hits $15 ill be switching to other investments and maybe go buy a house.

I'll start buying again on the way up once it breaks some key resistance levels. Don't want to put too much more into this shiny sinking ship.
Click to expand...
You should know that everything that goes up has to come down, and everything that comes down has to come up. So I wonder why people would buy silver when it costs $30, but not when it costs $15 or $10? If you buy pm to make a quick buck, that's a bad move at any price. If you buy pm as a long-term safety net, then it makes 100% more sense at 15 than at 30.
Click to expand...

Yes, but to date I havn't really studied the charts or had much of a plan when buying. Usually I would buy dips, but it has just kept on dipping. Will buy sub $20 but will be more of a staged entry and have more of a plan. If it can go from 30 to 20 to 15, then it can go to 10.
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If it goes to 10 then something seriously strange is going on with the world economy.
 
SilverPete said:
Abossy said:
Cheepo said:
You should know that everything that goes up has to come down, and everything that comes down has to come up. So I wonder why people would buy silver when it costs $30, but not when it costs $15 or $10? If you buy pm to make a quick buck, that's a bad move at any price. If you buy pm as a long-term safety net, then it makes 100% more sense at 15 than at 30.
Click to expand...

Yes, but to date I havn't really studied the charts or had much of a plan when buying. Usually I would buy dips, but it has just kept on dipping. Will buy sub $20 but will be more of a staged entry and have more of a plan. If it can go from 30 to 20 to 15, then it can go to 10.
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If it goes to 10 then something seriously strange is going on with the world economy.
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It will mean the world economy is not as bad as zerohedge would want you to believe! :D
 
Cheepo said:
It will mean the world economy is not as bad as zerohedge would want you to believe! :D
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Perhaps. However, when I look around my area of interest and life, it really is quite bad.
 
Ag-man said:
Off to Perth Bullion to buy me some 1000 oz bars...
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Depends on how and when it got to that level. I would probably lock in a buy price in the forward market, wait for a retraction and liquidate, lowering my dollar cost average per oz.
 
10/5 oz coins, and bigger and more beautiful coins (kilo coins), but i would gain a position with at least another 100 oz in 1oz and 100oz in half oz coins. i would prob go crazy at 10$ an oz. lol
 
boston said:
Perhaps. However, when I look around my area of interest and life, it really is quite bad.
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No matter where you live, or where you look, all the same.

I also see a lot of ostriches.
 
In 2008 alot talked about $5.
In 2011 alot talked about $100.
If alot now talk about $15, then the outcome will probably not differ.
 
If silver drops to $15oz, I will buy as many $10 state,c'wealth games and centenary coins that I can get my hands on.

Will pay $12 for .6oz silver. How can I loose?

Regards Errol 43
 
One first has to have something to buy with.
If people spend at higher prices, then they have nothing left to buy with at lower prices.
But if people spend at higher prices, then those lower prices may not arrive at all.
So whichever plan is planned, the plan that is followed most, will be the winning plan, and that is beyond anyones individual decision power haha.
 
Diversify.

If it goes very low, but plenty of 1 oz coin, prolly add a few bars. Semi-numis kilo coins like Kooks will be a great bargain, if it goes sub-17/16 $...

Think about the fact that buying too many "big chunks" will make it harder to sell later on.
(Suppose we reach that 75-100 $ Kiyosaki level :D )
 
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