Silver moving...

Silver has dropped.52 today. Maybe I should buy, or maybe silver is crashing and I should get out while I can.

 

Log in or Sign up to hide this ad.

Yes - get out now - but PM me with what you have for sale :devil:

 

You should have got out when silver peaked like all the rest of us did.
Stocks up 10% already this year. Silver is so 2011.
You gotta keep up with the times, son.

 

I never got out, and glad I didn't. I do not hold PM as an asset by itself, but as a contra asset to other assets.

Investor psychology always amazes me. If you like silver long term, why aren't you jumping up and down for joy right now? Its on sale! Yes, it might be further on sale coming up, but still.

No one ever goes into a store and thinks, "gee, this shirt is twice as much as yesterday, so I need to buy 5 of them" or conversely, "I was thinking of buying this shirt, but now its half price, I don't want it now". That is exactly how retail investors view the world is seems though.

Silver is still a bit rich for me, but let it go on sale a some more and I will probably buy a few hundred more ounces, or 10-20 ounces of gold. When silver is in a zone I feel is fair, I just LOVE buying junk silver.

 

What is driving the drop today? I'm going to a coin and silver auction tonight maybe prices will be off.

 

I'd say that most of us don't have the luxuary of buying a few hundred ounces of silver at a clip or 10-20 ounces of gold - and when you do - you're outlook on the market may be different. However - I didn't get out either and plan to keep it for the long haul.

 

It's hard to say for sure, but a $0.40 drop is less than 1.5% and it's coming the day after a similiar spike. Go figure...

But, if you're in the market for silver, 1.5% is 1.5%. WooHoo!

 

Today is the "apparent" desire, safety, secret undefined value of PM vs. the "apparent" strength , desirability, ease of market trading of the USD in Today's list of world financial uncertainty. The USD appears to be winning at this point.

 

I only said that sir to put it in context. Many here know I have about 1000 ounces of silver, so for me to say I might buy 5 ounces would be meaningless.

Sorry, I was not trying to brag. Why would I? I don't know anyone here, could not recognize them on a street. Me buying a few hundred ounces is the same as someone buy 5 if they own 20 ounces already.

Perhaps you are right, I should not have mentioned any quantities.

Actually, thinking about it, my next PM purchase will be gold whether I like it or not. I am paying for my wife's family air tickets, and they are paying us back in 22k gold jewelry. So, regardless of PM pricing, it appears Chris is buying gold jewelry for the wife.

 

It is good for us that want to buy. I have been purchasing some gold however and have held off on silver at the moment, but if it goes much lower my mind will change.

 

I didn't mean to imply you were bragging - just saying that smaller fluctuations always seem to bother people with smaller holdings than those with larger holdings, even though the raw # of dollars is much smaller.

 

I can't say for sure which is a better deal right now. When you look at the Gold to Silver Ratio charts for the past two years, silver is looking good. If you look at the 5+ year charts, it's anyone's guess. Which is why I'm looking for good deals on both.

http://goldprice.org/gold-silver-ratio.html

For those of you who are unfamiliar with these charts, the number on the left of the charts reflects the number of ounces of silver you can buy for the price of one ounce of gold. As the ratio rises, silver starts looking more attractive. As the number falls, gold starts looking more attractive. Especially when trading between the two.

 

I really started buying sold gold because the prices decreased a bit and I wanted to diversify. I normally just buy silver because it is more affordable.

 

I'm starting to buy a little gold here and there because I'm almost to the point where I have enough silver. However, that amount is similiar to how many guns I "need": Just one more.

 

You guys are making me really nervous. Im dumping everything after work today. :wink

 

When everyone says buy, maybe it's time to think about selling.

 

There is too much good news in the market place. I'm thinking that silver is not the best place to invest in 2013.

 

I am in the opposite direction. The number of guns I really even want is 1, and I have about 14. Don't want to sell them though since my father gave them to me, and asked me to just leave them to a grandkid.

 

No way! Gotta have the right tool for the job!

You simply can't use the same gun to defend your home, shoot an elk, shoot a gopher, shoot a bird, carry concealed, etc. Add a wife and kids to that mix (not to the list of things to shoot mind you), and it gets even more complicated. Rifles have to be a good fit for the person using them. Different length of pull, different scope height, etc. Handguns also have to be suited to the shooter.

To me, trying to pick just one gun would be like trying to pick just one coin. There are just too many interesting coins out there to limit yourself to just one.

 

I have found when it comes to guns, multi-taskers just don't do any one thing awesome. Buy the best single piece for the job you need it to do.