How long should I wait before buying silver?

Well it was Buffett who said, "Be fearful when others are greedy, and be greedy when others are fearful"

 

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Another way of putting it is to zig when others are zagging...

 

Don't let that thinking pull you into energy stocks. Ufda!

 

Why does anyone want to swap strong USD that appears will get stronger , at least more so than metals that are priced in USD and appears will continue to head lower? Double loss?

 

Did you really ask that question????

It is becasue of the INTRINSIC value

 

I don't think waiting until it may move another fifty cents (up or down) will make a big investment swing for you. I would buy in this present time frame and just hang onto it. Your not going to get rich with your purchase regardless. It is more for fun and excitement, and the fact you feel involved in the investment game.

 

Again, I wouldn't jump in just now. You need to read up on Anglo American, a London based mining company that is one of the world's largest. They announced yesterday a layoff of 63 percent of its workforce and the closure of 30 of its 53 mines. That is more than a clue to what one of the biggest players thinks about future prices.

 

The new meal at McDonalds has an intrinsic value of $50 ( if you haven't eaten in a month ), but only costs 5.99 dirty old paper fiat USD. No matter when you look at it, the "intrinsic value" of precious metals is always higher than the monetary value. Intrinsic value should be the same, as not affected by the paper cost, right?

 

You guys should all get room together. You could all tell each other how smart you are and how stupid anybody that buys metal is. I'm thinking you'd all have lots of fun, and eventually you'd realize that your perspective isn't the same as anybody else, then you'd see that you're actually quite narrow minded.

 

OH MY... THAT WASNT NICE PP..TIS THE SEASON...

 

PP, no where did I say I was smarter than others. However, I am a skeptic and I can read financials, and I do think that precious metals buying now would be less effective than cards at the casino. This idea of strong hands?? I am sure that is a bullion seller creed. Intrinsic value ?? Nonsense.


But the season is for giving your money away, I prefer the charitable organizations rather than giving it to the dealers.

 

Do not wait to buy PM's now the prices are low and we are in a Flat Line with really no signs from Platinum, Gold or Silver that this 10%-15% up/down will stop and turn in to another down trend of 30%-40% losing streak.

My problem is instead of you doing or making your own decisions here you are on a Forum asking what to do.

To me you have strong hands for Cash and if you were to buy PM's I think you will either buy to little to even matter one way or the other, or you will cash out when you see PM's do nothing for you in X amount of time.

Maybe you should do what 99 out of a 100 people do, stick your head in the sand and only trust in your Dollar, good luck with that.

 

If I had to add a metal to my portfolio now, I'd probably choose platinum. It's selling for less than the 2008 crash price, unlike the other top two metals. So, sans the 2008 panic buyers, will the other two metals eventually sell for less than the 2008 price? Just saying.

 

The thing is, only 50% of you are right.

 

The thing is its not about being right. Its about reading the Markets and Charts. Which most can not do because they simply don't do either one day to day.

The Net is full of people day after day that have nothing better to do then ? others that have info or sound advice.

They do this in hopes of coming back to where they left a big nasty one line, to start again with the bull. Look if your in a PM Thread get out if you do not want or trust PM's just go get out.

 

@statequarterguy yes I agree Platinum is the best buy. Silver is so cheap overall its 2nd and Gold is 3rd on my list with that said all 3 get in my hands and do not get let go of.

 

Oh lighten up Peace......

 

I don't believe there is a right or a wrong. People will do what they believe is best for them, given their circumstances and experiences they'll make decisions that they alone will suffer the consequences of. For people to constantly badger, malign and ridicule those decisions is extremely short sighted or narrow minded. I'm just not sure what some believe they're accomplishing.

 

Maybe you should take your own advice?

 

Investors will go where they are most comfortable.