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<p>[QUOTE=&quot;Vess1, post: 2122782, member: 13650&quot;]You know, you read so many of these threads over the years.&nbsp; They always unfold the same.&nbsp; New people think they can rehash the argument in some way that hasn&#039;t been heard before.&nbsp; &nbsp; In the end,&nbsp; everyone may be right to a point and wrong at the same time. </p><p><br /></p><p>&nbsp;&nbsp; <u><b>All that matters in this argument is &quot;timing&quot; and actions.&nbsp;&nbsp; The silver market is whatever YOU make of it in a given period of time. </b></u>&nbsp; That time period being from the point you buy to the point you sell all or a portion of, your holdings.&nbsp; &nbsp; Stacking until you die and never selling or trading it at high points for the belief it will always go higher, is pretty much pointless.&nbsp; You have to be willing to accept the inevitable ups and downs and let go of some at some level.&nbsp; &nbsp; &nbsp; If you buy low and sell high you win.&nbsp;&nbsp; If the opposite, you lose.&nbsp;&nbsp; You control what you do with it.&nbsp; &nbsp; </p><p><br /></p><p>&nbsp; The last time it was running up, we watched people bailing in the 20s, then 30s.&nbsp;&nbsp; Then the 40s.&nbsp;&nbsp; I was one of them.&nbsp;&nbsp; I didn&#039;t move that much.&nbsp; But at $41 oz. in the summer of 2011, I decided to move some at that point into a high dollar numismatic deal.&nbsp;&nbsp; So no matter what ended up happening, I could say I got a small win from the silver market.&nbsp; &nbsp;&nbsp; At the show I was at, you could have sold and traded all the silver you wanted to bring for $41 oz.&nbsp; &nbsp;&nbsp; Much of what I brought was purchased in 2007 at $17.&nbsp; &nbsp;&nbsp; </p><p>&nbsp; So what kind of perspective are we looking at in this thread?&nbsp; I wasn&#039;t able to retire off of this.&nbsp;&nbsp; It was a good decision at the time.&nbsp; &nbsp; I got a little ahead by doing so.&nbsp; &nbsp;&nbsp; The thing is it required action.&nbsp; Both in 2007 to buy and 2011 to sell/trade.&nbsp; &nbsp; You can&#039;t predict when it will bounce back but it&#039;s easy to guess something will happen that will drive it up again.&nbsp; &nbsp;&nbsp; When it does, I&#039;ll transfer some of what I buy now into something else again.</p><p><br /></p><p>&nbsp; Depending on what peoples expectations are for it and when they get in, everyone will have a different perspective of the value of the market.&nbsp; It is volatile.&nbsp; The paper market drives it.</p><p>&nbsp;&nbsp; I take comfort in owning something tangible that I can get my hands on but I have some in the market too.&nbsp;&nbsp; To me, that&#039;s a bigger gamble than the PMs.&nbsp; I feel quite confident that I can always break even with a bar of PM if I have to and I could do it today.&nbsp;&nbsp; Not so with the stock market.&nbsp;&nbsp; But you&#039;re almost obligated to play everything in hopes of coming out ahead for retirement.</p><p><br /></p><p>&nbsp; The only reason the dollar lasts is because we&#039;re the best of the worst.&nbsp; There really isn&#039;t anything else going on this planet that can replace it and too many people around the world rely on it for the place to function.&nbsp; There is an absolute need for a large quantity of something with perceived value to exchange for everyone to continue to survive.</p><p>&nbsp;&nbsp; &nbsp; They will keep working at degrading it and maybe some day, eventually, it will crash, but I suspect they&#039;ll invent new math if they have to, before they can let it collapse.&nbsp; Or they will devalue it and start chopping off zeros in order to keep functioning.</p><p><br /></p><p>&nbsp; Long term is a crap shoot.&nbsp;&nbsp; I&#039;d say don&#039;t be afraid to take at least &quot;some&quot; short term gains when they present themselves and let come what may for the long term if you&#039;re going to play the game.&nbsp; Trying to predict what it will do tomorrow or next week is pointless unless you&#039;re looking to move huge quantities of it soon.&nbsp;&nbsp; If there&#039;s a trend that may affect where it could go by next fall, it might be worth a read.</p><p><br /></p><p>&nbsp;&nbsp; There&#039;s no reason to hate it and no reason to feel anybody&#039;s going to get rich off their &quot;stack&quot;.&nbsp; &nbsp; I accept it for what it is and realize there are many forces at play that are out of my control.&nbsp; &nbsp; My expectations are not high, but recent history was enough to keep me excited over the possibilities going forward. </p><p><br /></p><p>&nbsp;&nbsp; &nbsp; Given what we&#039;ve seen, I think silver is currently undervalued,&nbsp; again.&nbsp;&nbsp; But I am not an authority for anyone to make large investment decisions off of.&nbsp; &nbsp; Just another opinion in a sea of them.&nbsp; &nbsp; </p><p>&nbsp;&nbsp; &nbsp;&nbsp; Rampant inflation is probably inevitable some day, if it isn&#039;t happening under our noses already.&nbsp;&nbsp; We&#039;ve enjoyed relatively low inflation for a long time.&nbsp; If this happens, you don&#039;t want that stack of bills sitting under the mattress.[/QUOTE]</p><p><br /></p>

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