Stop buying silver

I plan to buy consistently over the next thirty years regardless of price (to a point). Not buying until January, even if you were right, only works for short term investors. Short term investing rarely works for anything at any time.

 

Log in or Sign up to hide this ad.

I totally agree with you (Zlotych) and my research from various sources indicate a slowly and sometimes roller-coaster ride throughout this coming year, with a net increase of value growing to about 20 to 30 dollars an ounce by the end of 2015...who knows, but short-term investing only works for those with vast holdings and buy and sell with short-term speculative profits in mind...

 

not that I consider silver for my purpose to be a remotely viable investment. This is not particularly good advice. It's impossible to market time, that's why you develop a strategy, stick to it, and buy on the highs the lows and the in betweens. Market timing just doesn't work. Again, I don't see silver as a for real investment, but if it were to be it should be treated just like buying equities.

 

I got a single digit...in between my other four digits. I don't always use it, but when I do, I prefer Dos Equis. Speak responsibly my friends.

That concludes my incoherent rambling for the evening. Just for the record. I am buying silver now, tomorrow and I bought it yesterday too.

Have a great and wonderful evening everyone!

 

Silver price in the single digits would be phenomenal. Not seeing that happening. And where would gold be if silver dipped this low? $800? $700? Demand would go through the roof at that point. Recently there have been record and near record high sales in silver bullion (according to US Mint). There were brief periods of time in the last couple years when the mint was sold out of Eagles. Even earlier this month, Eagles temporarily ran dry. A few dozen websites reported on that.

And gold is dropping too. That doesn't mean no one likes gold. The yellow metal just went front being $1,800 a couple years ago to less than $1,200 now.

 

The bottom line is simply that the bullion market is highly volatile, especially silver and the prices will undoubtedly rise and fall dramatically...and after the traditional high demand for silver products during the holidays, the silver value may approach a single digit, but will almost certainly rise significantly again. I believe my researched 'experts' are probably right when they predict a roller-coaster ride in values during 2015 and ending the year with gold about $1400 and silver at nearly $30/oz...anyway, I will continue to purchase my small amounts of silver now and throughout the year...as a long term value and investment. Frankly, if silver drops to less than $15/oz by January, I will be as surprised as I was when the market made its dramatic downward correction...Best of luck to all!!

 

Great reading for me..........I like reading through all the comments...... because I am very new into this and this how I LEARN the most........ is through the posts...... I then take it all in and make my on ASSUMPTION........... and go with it....... thank u all for the insights.... and also entertaining......... my wife asked what u laughing about in there........... nothing just listening some of my coin talk friends.........

 

I don't know what silver is, but I consider it to be a tangible asset. I try to turn my money into silver at the lowest price I can get it at. It's an asset I can count on. I have no idea what will happen to my pension, my retirement money, my house, my tree farm, the taxes, the price of beans, but I am reasonably sure that silver will get me the necessities of life in a few years regardless of what happens. My pension could be evaporated, like the folks who worked in Detroit. My house could lose value or get ripped off. The price of food could go way up, and the tree farm could be messed with. Silver seems to be the best choice as a way to have something in the future. It's a very uncertain world, and there is not much you can count on.

 

In all reality, silver is cheap right now. Priced really well in my opinion. My questions is this. Who out there is buying silver at close to spot? The premiums are high almost everywhere. If you find a place that has fair pricing they are most certainly sold out. For example if you check your leading online bullion outlets, all their base priced bullion is sold out. If silver drops to single digits, good luck finding it. It would have to stay at that level for a few months for the price to trickle down.

 

Provident Metals site usually has competitive prices. They are trustworthy as well. Last year I got a few 10 troy oz. bars of silver for only a very small premium. Back in June 2013 when the price was first around $19, that site would have them for just over $200 each. And depending on type of payment they can have discounts.

But stay completely clear of Copper bullion. No matter where you go, that stuff is 2-3x more than the metal is worth. I can't see anyone making money on that.

 

I agree on the copper bullion. The only copper bullion I plan on having is pre-82 US pennies. You get them at 1/2 of their value in your pocket change and save them in order to double your money. That works pretty well. And if you find a wheat penny they are worth at least a nickel a piece.

 

My most enlightening day of investing I've had was when I realized I had no chance of timing or predicting the market. I've become a better investor since. Invest small, screw up small. It's easy to call for doom when the market is falling. It takes guts to run in when everyone else is running out.

I may blow it and never recover my $26/average I'm at in Silver. I'm glad the market has flattened out for the past few days now. It's a much needed break. I ran in and bought silver every time it fell $1.50 since about $22. That was a much faster pace than I had planned. Silver is still less than 5% of my entire portfolio, so I don't even think about it that much. But, if the opportunity presents itself to pick up a few more ounces at a new 5 year low, what the heck? I'm not betting the farm.

 

I'll stop buying silver when you pry my cold dead finger from the 'mouse'..........

 

Now that's commitment!

 

If I stopped buying silver, I would not be buying all of those goodies I found on eBay at very good prices for my collecting habit.

 

Tell you what I'm going to do. I'm going to buy silver now, I'll probably buy some in December too, and as long as silver is still under $18 in January, I'll buy some more then as well.

What I'm also going to do is question profit man's motives in creating this thread.

 

I suspect the creator of the thread bought in 2012 when it was over $35-36 an ounce

 

Really?? 'Just do as we're told'? And YOU are the one telling us what to do???

Well, this PITA is just as offensive and rude, if not more than, Homey is. The level arrogance is incredible.....not that I'm paying attention to the 'advice' (if you want to call it that), I just like to see how far some of these maroons will go...this guy and Homey love to take that ball and run. But that's their problem...they are runners and not fighters. The more offensive they are online......well, let's just say they are so popular, they can count all their friends on one finger.