Silver is really making a move in the right direction, 16.83 per oz as i type ! Just last week i bought at 16.42, just picked up a 1 Kilo Bar two days ago just waiting for it to get here
I think it will get there as well. But you quoted me twice. Does that mean you think it will get to $50?
When PMs go up, I say, " Yay!! My stash is more valuable! !" When PMs go down, I say "Yay!! I can buy more!!" Right now, it's too pricey for me, so I buy coins I like instead of bullion.
makes sense but if the price is rising doesnt make sense to buy now before it goes higher ?? i guess that,s a either and question
No, they market bullion as if A: the price is going to the Moon, so last chance, or B: the bullion will run out if you don't buy now. I don't believe either. Yes, silver is rising. Today. It will go up , AND it will go down again.
This is a futile discussion really. Some people think silver will go up, some think it is overpriced (in terms of dollars). Few are on the fence. I think it will go up for the simple reason that inflation is ever present. Does I think it will go up faster than inflation? Maybe, maybe not, but I don't really care. I do think it will be a nice supplement to my income for one simple reason: my pensions and investment are more than enough to cover my expenses unless the financial world changes, and if that happens I think PMs will go up. Bottom line is that if they go down I have enough elsewhere and I don't think I will need them: if they go up then I am in good shape. I am covered either way, unlike those who do not believe in PMs as insurance.
For me, yes. Then again it's ALL about your exit strategy. You should have one. An exit strategy will define how and when you purchase. In my opinion, if you are looking to make a profit in the short term, bullion is much too high. Edit: let me also add that if a short term profit is the goal, bullion is the wrong vehicle. Unless you have a TON of capital. But that would be super risky ( and imo, super foolish).
Looking out long term !! basically just starting out have about 80 oz,s right now With 1 Kilo i bought a few days back on it way so roughly about 115 oz, total
If you know how much you have (without referring to your spreadsheet) then you don't have enough. Kind of like the idea that if you know how rich you are then you are not rich. At least not monetarily-wise.
Not rich, far from it !! just stating that i just started bullion investing so waiting for things to go up and down like a roller coaster ride isnt my thing trying to buy now before it runs away from me..LOL
It depends on how many ozs. you have, and are willing to sell at any given time. If you have 1000 ozs., for example, if silver goes up .50¢, that's $500. Some say that they are stacking for the long term, but if prices skyrocket again, would they still hold onto them? I won't sell until either the price hits my personal mark, or I simply need the extra money for whatever.
I am for sure long term, just picking up 20 to 30oz,s a week but it,s there in case i need it i always find ways to spend cash on something i dont need this way i dont touch it.
