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<p>[QUOTE="medoraman, post: 1720089, member: 26302"]So would I.</p><p><br /></p><p>The point is valid, though. When markets are going up all kinds of people jump on board, believing the investment will only go up forever. Then when it corrects they bail. Classically small investors buy high and sell low, because they chase whatever is "hot". </p><p><br /></p><p>I would rather follow the German model of "get rich slow". Buy assets when everyone else is either badmouthing them or ignoring them. I bought silver in the early 90's, I bought farmland coming off a major farm crisis, I bought a lot more stocks in early 2009. Is it easy to buy when everyone is saying you are an idiot to do so? No, it is not. I have made some major errors as well, usually buying in before the entire correction has happened. I freely admit my errors, and will describe them to anyone if they wish the details. If you are not honest with yourself about how you messed up, you might do it again. This is bad enough, but when websites touting a product refuse to admit they were massively wrong, that is when I get grumpy.</p><p><br /></p><p>Is silver at this buy point right now? IDK is my only answer. I have thought about buying some more, but haven't pulled the trigger yet. If I were sitting here today with no PM at all, I think I would be slowly buying at this price/premium level. I might miss the opportunity, it might go lower, I never said I had a crystal ball, just thoughts. I think silver is ok priced right now, but definitely could have some room on the downside. Now that premiums are pretty much back to normal, its a more attractive play.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1720089, member: 26302"]So would I. The point is valid, though. When markets are going up all kinds of people jump on board, believing the investment will only go up forever. Then when it corrects they bail. Classically small investors buy high and sell low, because they chase whatever is "hot". I would rather follow the German model of "get rich slow". Buy assets when everyone else is either badmouthing them or ignoring them. I bought silver in the early 90's, I bought farmland coming off a major farm crisis, I bought a lot more stocks in early 2009. Is it easy to buy when everyone is saying you are an idiot to do so? No, it is not. I have made some major errors as well, usually buying in before the entire correction has happened. I freely admit my errors, and will describe them to anyone if they wish the details. If you are not honest with yourself about how you messed up, you might do it again. This is bad enough, but when websites touting a product refuse to admit they were massively wrong, that is when I get grumpy. Is silver at this buy point right now? IDK is my only answer. I have thought about buying some more, but haven't pulled the trigger yet. If I were sitting here today with no PM at all, I think I would be slowly buying at this price/premium level. I might miss the opportunity, it might go lower, I never said I had a crystal ball, just thoughts. I think silver is ok priced right now, but definitely could have some room on the downside. Now that premiums are pretty much back to normal, its a more attractive play.[/QUOTE]
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