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<p>[QUOTE="Vess1, post: 2197785, member: 13650"]The market is highly volatile and unpredictable. Things can change a lot in a few months. I remember back in 2007 buying silver around the $17 level thinking it was a steal. Here we are, amazingly 8 years later and it's back below $15. (Although good luck finding any physical for spot price) I'm not sure how the "over-all picture" has fixed itself and changed for the better between then and now to warrant these cheap prices but I'll take it. </p><p><br /></p><p> Maybe they'll stabilize or keep going down but don't be surprised if the rug gets pulled out from under us all when you least expect it. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> As long as it hovered around the 20s I thought that was our modern day floor. The more it goes down from here the more trucks should be backed up. At this period of time, how much lower can we realistically expect it to go? If it drops to $10, people will be on here calling for $5. Somebody will be waiting for $7. To fall back to that level now seems wildly unrealistic. It doesn't take an expert to figure out that with recent history as a guide, we have to be very near a bottom. It's time to bring the cost average down. </p><p> People were gleefully buying it up for $20 to $30+ the past several years. Now's not the time to sell and disappear in disgust. After the FED has printed countless billions in QE stimulus it's hard to believe your dollar is more valuable today than it was in 2007. But, if that's what people believe, I'll run with it.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 2197785, member: 13650"]The market is highly volatile and unpredictable. Things can change a lot in a few months. I remember back in 2007 buying silver around the $17 level thinking it was a steal. Here we are, amazingly 8 years later and it's back below $15. (Although good luck finding any physical for spot price) I'm not sure how the "over-all picture" has fixed itself and changed for the better between then and now to warrant these cheap prices but I'll take it. Maybe they'll stabilize or keep going down but don't be surprised if the rug gets pulled out from under us all when you least expect it. ;) As long as it hovered around the 20s I thought that was our modern day floor. The more it goes down from here the more trucks should be backed up. At this period of time, how much lower can we realistically expect it to go? If it drops to $10, people will be on here calling for $5. Somebody will be waiting for $7. To fall back to that level now seems wildly unrealistic. It doesn't take an expert to figure out that with recent history as a guide, we have to be very near a bottom. It's time to bring the cost average down. People were gleefully buying it up for $20 to $30+ the past several years. Now's not the time to sell and disappear in disgust. After the FED has printed countless billions in QE stimulus it's hard to believe your dollar is more valuable today than it was in 2007. But, if that's what people believe, I'll run with it.[/QUOTE]
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Gold and silver down again...
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