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<p>[QUOTE="saltysam-1, post: 1185691, member: 23368"]The last few days silver has been around the $35 mark. I'm guessing you bought at $40 since you specified it in your upward scenario. Add in the discount by the dealers and you will be out $7 to $8 an ounce. If you can wait, your present loss is on paper. The question to you is: How long can you wait? I think some of the newer investors loaded up their credit cards buying, and now those balances will start to accrue interest and need a minimum payment. If that is your situation you might want to consider selling, get out of debt and take your loss. This is why you don't gamble with money you can't afford to loose. That $50 barrier will be broken one day but not until the market setters agree to it. I think this last upward trend opened their eyes a little and the next time they might not be as fortunate and in control. If you can wait till then; do it. IMHO.[/QUOTE]</p><p><br /></p>
[QUOTE="saltysam-1, post: 1185691, member: 23368"]The last few days silver has been around the $35 mark. I'm guessing you bought at $40 since you specified it in your upward scenario. Add in the discount by the dealers and you will be out $7 to $8 an ounce. If you can wait, your present loss is on paper. The question to you is: How long can you wait? I think some of the newer investors loaded up their credit cards buying, and now those balances will start to accrue interest and need a minimum payment. If that is your situation you might want to consider selling, get out of debt and take your loss. This is why you don't gamble with money you can't afford to loose. That $50 barrier will be broken one day but not until the market setters agree to it. I think this last upward trend opened their eyes a little and the next time they might not be as fortunate and in control. If you can wait till then; do it. IMHO.[/QUOTE]
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