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<p>[QUOTE="Azpatriot, post: 1264891, member: 32979"]I agree with this to an extent, however I could easily see it dip to the $20-25 and establish a new base right there. After seeing the stock market, real estate market, oil/ng over the past decade I am hesitant to never say never about anything.</p><p><br /></p><p>To the OP you and I are roughly in the same boat....that being said I have bought silver in the past 2 months, but I am in it for a 20-25 year timeframe. If silver stays here then I will be buying here...if it drops my monthly allocation for silver will buy me more..if it goes up I will be buying on the rise. Never go full in to any market, if you have $5000.00 allocated towards silver then pick a time frame and allocate monthly/quarterly over that period of time...it is no different then dollar cost averaging into any investment. I always follow the credo of no more than 15-20% of my portfolio should go into 'alternative' type investments and everything I do is done on a long time horizon.</p><p><br /></p><p>For every one person that makes the quick buck on any type of investment I am pretty sure there are 20 that lose they're shirts. The steady player that goes in eye's wide open with a plan and time frame will normally come out ahead of the quick buck lay it all on the line type of investor.</p><p><br /></p><p>As far as gold goes I am following the rules of silver before gold until I am more knowledgeable...much easier to make a $42/ounce mistake then a $1800/ounce mistake.[/QUOTE]</p><p><br /></p>
[QUOTE="Azpatriot, post: 1264891, member: 32979"]I agree with this to an extent, however I could easily see it dip to the $20-25 and establish a new base right there. After seeing the stock market, real estate market, oil/ng over the past decade I am hesitant to never say never about anything. To the OP you and I are roughly in the same boat....that being said I have bought silver in the past 2 months, but I am in it for a 20-25 year timeframe. If silver stays here then I will be buying here...if it drops my monthly allocation for silver will buy me more..if it goes up I will be buying on the rise. Never go full in to any market, if you have $5000.00 allocated towards silver then pick a time frame and allocate monthly/quarterly over that period of time...it is no different then dollar cost averaging into any investment. I always follow the credo of no more than 15-20% of my portfolio should go into 'alternative' type investments and everything I do is done on a long time horizon. For every one person that makes the quick buck on any type of investment I am pretty sure there are 20 that lose they're shirts. The steady player that goes in eye's wide open with a plan and time frame will normally come out ahead of the quick buck lay it all on the line type of investor. As far as gold goes I am following the rules of silver before gold until I am more knowledgeable...much easier to make a $42/ounce mistake then a $1800/ounce mistake.[/QUOTE]
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