Where to from here?
- Thread starter hiho
- Start date
3 for me with a slow 1
Avoid digital currencies like the plague
Avoid digital currencies like the plague
Personally, as the chart shows, there has not really been much of a wave the past 6 months. The wave was two and a half years ago. I look at where we are now, weigh up the fundamentals, and reach the conclusion that we are at a bottom that future stackers will be talking about in decades to come. For the past six months I have gone "all in" on silver. I was wrong, I have just been pretending, I have only been using my own savings and income. I am so convinced on a huge future rise in the value of silver, this is what I propose to do.
1. Sell anything that is not nailed down and buy silver.
2. Use any spare money I have to buy silver.
3. Go to the banks, borrow money, and buy silver.
Just so there is no confusion, I will not limit my consumption of wine, woman and song, a life must come first.
That should read women, I must stop being sentimental.
Simultaneous you fool!!!!!!!!!!
The big companies want you to bail out now while prices are close too rock bottom.
I only buy 4-6 ounces a month and its tangible money in which i use. in my case i will stick to my game plan and carry on buying, going long. the ounces i buy now will even out the cost that i bought them for when it was a high price.
I only buy 4-6 ounces a month and its tangible money in which i use. in my case i will stick to my game plan and carry on buying, going long. the ounces i buy now will even out the cost that i bought them for when it was a high price.
Threadneedle St
New Member
If we look at the 3 stages of a bull market I believe we are coming towards the end of stage 2 for Gold and Silver.
The third and final mania stage should look something like the Tech Stock boom of the late 90's.
To me there is no other option but to back up the truck and buy as many ounces as you can afford at these prices.
The third and final mania stage should look something like the Tech Stock boom of the late 90's.
To me there is no other option but to back up the truck and buy as many ounces as you can afford at these prices.
Threadneedle St
New Member
We are emerging from the Bear Trap.
prince_of_sales
New Member
Threadneedle St said:
Or capitulation.
The price at this point (at least from a monetary perspective) is entirely dependent on Fed actions. Taper or not to taper.
As you can see with the silver chart, we've dipped to where silver was before the fears about Quantative Easing were emerging in the market in mid-2010.
Threadneedle St
New Member
Capitulation phase should only occur after the mania stage...when everyone is on board, we haven't seen that.
Ask some of your closest friends and family to name 5 gold mining stocks? I doubt they could name 2.
When we get to the mania stage they could name 5 as they will own them!
During the last mania stage in 1980, there was a queue around a Toronto Banks twice, of people trying to get in to buy gold.
Wake me up when we start seeing that again.
Ask some of your closest friends and family to name 5 gold mining stocks? I doubt they could name 2.
When we get to the mania stage they could name 5 as they will own them!
During the last mania stage in 1980, there was a queue around a Toronto Banks twice, of people trying to get in to buy gold.
Wake me up when we start seeing that again.
Where to from here?
As I see it...nothing has changed.
There's more buying opportunities if metal's test the lows and hopefully if the AUD vs USD can stay strong. ( I thin k the AUD will drop well below 90)
Just like the last decent dip in metal prices this year...the AUD fell which, although some cheap metal was gained the falling Aussie didn't allow Australians to buy metal as cheap as the Yanks could.
Personally, I watch the sentiment towards metal and...it would seem the forum is full of speculators...not...men who are purchasing metal for the correct reasons which are...to protect their wealth in a world that is living on borrowed money and a Stock-market that is going to "cook-off".
I see brain dead men like Joe Hockey who wants to raise Australian debt to 500 Billion and a country that didn't save for the tainy days when the commodities boom was in full swing. Thanks to Labor...The Libs have in-herited a huge debt and the "talk" of Australia going down the Shite-shoot like the Yanks should be the message that says stack more metal if you have spare cash.
Having said that...unlike the Yanks...the AUD is going to fall so we could see more so called productivity in the way of tax gains for the government at the expense of inflation.
Obviously we have seen the AUD go from 107 to under 90 and of course if the AUD drops further and metal's stabilise or go for a run...you could use metal to hedge against a falling AUD.
NOTHING...looks rosy to me.
I see a world of debt...I see investors like those delving into bitcoin scared shite-less.
I see men who are scrambling for ideas of how to speculate and...or places to invest / protect their wealth.
I see many people who purchased metal at the high's who are having second thoughts and...I suspect some will sell their metal because they just don't have the patience or the fore-thought as to what is going to happen in the future.
Fo me...I'm buying physical metal because I don't trust an over-heated market that is only doing well due to cheap money.
I'm buying because the Fed are supposedly clever cookies but just like any lunch...there's no free lunch and those trillions of dollars are going to smack the consumer in the mouth.
I'm buying because I see increase on VAT on metal in Germany and of course w e know how scared The Indian government is.
I'm buying metal because not only are the Chinese buying hand over fist but The "Asians" generally.
I'm buying metal because there's a huge chance that the USD petro-dollar could be challenged and of course if that happens, you'll see a collapse of the USD or one big mighty war over oil.
These are a few reasons why I will buy metal.
H
As I see it...nothing has changed.
There's more buying opportunities if metal's test the lows and hopefully if the AUD vs USD can stay strong. ( I thin k the AUD will drop well below 90)
Just like the last decent dip in metal prices this year...the AUD fell which, although some cheap metal was gained the falling Aussie didn't allow Australians to buy metal as cheap as the Yanks could.
Personally, I watch the sentiment towards metal and...it would seem the forum is full of speculators...not...men who are purchasing metal for the correct reasons which are...to protect their wealth in a world that is living on borrowed money and a Stock-market that is going to "cook-off".
I see brain dead men like Joe Hockey who wants to raise Australian debt to 500 Billion and a country that didn't save for the tainy days when the commodities boom was in full swing. Thanks to Labor...The Libs have in-herited a huge debt and the "talk" of Australia going down the Shite-shoot like the Yanks should be the message that says stack more metal if you have spare cash.
Having said that...unlike the Yanks...the AUD is going to fall so we could see more so called productivity in the way of tax gains for the government at the expense of inflation.
Obviously we have seen the AUD go from 107 to under 90 and of course if the AUD drops further and metal's stabilise or go for a run...you could use metal to hedge against a falling AUD.
NOTHING...looks rosy to me.
I see a world of debt...I see investors like those delving into bitcoin scared shite-less.
I see men who are scrambling for ideas of how to speculate and...or places to invest / protect their wealth.
I see many people who purchased metal at the high's who are having second thoughts and...I suspect some will sell their metal because they just don't have the patience or the fore-thought as to what is going to happen in the future.
Fo me...I'm buying physical metal because I don't trust an over-heated market that is only doing well due to cheap money.
I'm buying because the Fed are supposedly clever cookies but just like any lunch...there's no free lunch and those trillions of dollars are going to smack the consumer in the mouth.
I'm buying because I see increase on VAT on metal in Germany and of course w e know how scared The Indian government is.
I'm buying metal because not only are the Chinese buying hand over fist but The "Asians" generally.
I'm buying metal because there's a huge chance that the USD petro-dollar could be challenged and of course if that happens, you'll see a collapse of the USD or one big mighty war over oil.
These are a few reasons why I will buy metal.
H