Who wants silver to stay low?

[mhamann]

I want silver to stay low so I can get more at a cheap price,but eventually I'd like it to hit the big time.

I'm not a smart man, but I presume you want it to stay cheap...so you can buy thousands of ounces, and then for it to skyrocket so you can sell?

Actually, you are.

lol

 

[boston]

I've only been in this strangely wonderful game for a couple months, so I feel I have some catching up to do.

So far the stack is about 130 oz. But, of course, I WANT MORE! I NEED MORE!

I have a chance to work a couple overtime shifts a week for most of the summer. Each shift is about 20 ounces of silver at current spot plus assorted premiums and shipping.

Would love spot to drop to $25 for the rest of the summer so I can grow the stack. Looking at retiring in about 20 years, so I have some years before I'd sell.

Anyone else hoping for stagnation?

Although I bought some gold at $26.70 an ounce (210 ounces), I don't believe it's that low. I was hedging a bit, in the case it would spike 10-20%, but realistically, I think it's 250% increase in the past few years from today's prices are still a bit high.

I will definitely buy another 200-400 ounces at around $22, and the same if it dips below $20. My DCA should be around $22-$24, which I think is relatively safe in the 2-5 years to come.

Gold? Maybe silver perhaps?

 

[mhamann]

^^

Yep!

If I had, I'd be pretty old...and would have sold way too short!

 

[lucky luke]

Low $20's, even sub $20 is possible if we have a decline like we saw in 2008 when the markets started to crumble.

http://seekingalpha.com/article/676081-are-metals-due-for-a-meltdown

I think this is easily forgotten. I think I'm like many people on the forum in that I've been collecting PMs (Gold and silver) since the early 2000's. I was (and definitely still am) purchasing PMs with the fundamentals being a world wide financial system that appears to be in trouble. In 2008, when the house of cards was badly shaken, both gold and silver dipped significantly, silver down dramaticly. While I love the "silver to da moon" mantra, reality is that it will probably drop to the floor first with any huge world wide financial shakeup. It would only be in the financial "re-ordering" of the world wide economic system, that both gold and silver as assetts with value, MAY show their value.

"May" being the operative word..............
and "value" being the other.