A question that has been asked numerous times on this and other forums. Every answer is purely speculative. If you buy silver at $22 and it goes to $16, you're an idiot. If you buy at $22 and it goes to $28, you're a genius. Take your pick.
Okay. Thanks! I was kinda expecting the answers of "i dont know" or "that's your choice" but you had the straight answer i was hoping someone would say.
It's been treading water in this $22-$23 range that it is very hard to tell which way it will go in the future. I think whichever way it goes will be a sharp move and rapid. For myself, I am cautiously buying in small amounts for interesting bullion as close to spot as I can get it.
Yeah, i would probably buy a one ouncer to not take a huge risk. But i'll probably wait now untill it goes slightly up. or under $20.
Why would you wait for it to go up? If it's a good investment at $25 why wouldn't it be a good investment at $22? Buy low, sell high
I love having piles and piles of silver coins but I wouldn't buy right now. Everyone knows that it's most likely gonna go down before it goes up again. The reality is our dollar is doing alot better than years past and you gotta sit back and watch every now and then. This is an excellent time to learn more about, key dates, rare coins and anything else worth money you have access to. If and when silver starts moving upward, you'll hear something if you stay in the "know."
So what you are saying is, It is time to pick your chick and head for the door, and the dollar is what you should be choosing now? I think we have a winner. WINNER, WINNER, CHICKEN DINNER!!!
Answer: Option #3 Option #3: Determine a price target where the fundamentals of the investment are competitive with other investments. My feeling is that price point is $18/Oz. As silver drops below $18/Oz, I'm a buyer again. How low will it go? ...don't know, don't care. I think silver is a long term "buy" below $18/Oz...and I'll begin dollar cost averaging at that point...(jmho). Interest rates are an important variable. I based that price target on the assumption that the 10 year bond stays below 3.2%.
The answer to the original question (IMO) seems to depend on whether you consider yourself a stacker or an investor. Once stackers buy, they plan to keep for ever or the end of life as we know it, and that means that the original purchase price is of little consequence at that time. But more likely, life as we know it will long outlive themselves, so their relatives will be selling it at spot if they can locate where crazy grandpa hid it. SO if you are stacker, what difference does the price matter? If you are an investor and want to buy physical silver, buy it and then buy/sell options on SLV to protect against any deep crashes and sell the physical on an opportune rise in prices, however, margins can change either way so one has to keep in the game, no stacking and snoozing in investing.
This is sage advice. Before you jump in, decide what your goals and objectives are, once you know what those are, set up a plan with a real course of action.
I'm more of an investor than a collector. I think i'll start again when the prices either start going up again or if it gets under $19.00.
Assuming you could predict the market, I would think one should buy at the very bottom of the largest dips. Since nobody can reliably predict the market, how do you know when it's "on the way down", or "on the way up", or at the bottom, or at the top? When would you consider it to be "on the way up"? After several consecutive days of gains? If you're looking to buy, and you missed out on several consecutive days of gains, I'd say those became several consecutive days of losses for you since you didn't buy. If the OP is looking to buy "a one ouncer", and has this much time and invest in this purchase, maybe he should focus on the premium instead of spot price. He could post ads on craigslist that he wants to buy one ASE for spot. Someone will eventually bite. If he wanted to make his investment work for him, he could flip it on craigslist for a profit. (There are people who are willing sell at spot via craigslist, and there are others who will pay a higher premium that they'd pay at a coin shop. I don't know why, but they are out there.) Keep in mind that the cost of driving to meet someone will eat into your profits when you're buying and selling one ounce of silver. Or, you could always trade something for an ASE. The "Scrapping for Silver" thread comes to mind.
