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<p>[QUOTE=&quot;Clawcoins, post: 2627100, member: 77814&quot;]I bought a Metric ton of iron at $55.62 last March.</p><p>Now it&#039;s just sitting in my backyard rusting away, literally.</p><p>j/k</p><p>iron ore prices have been going up, and up, and up but only since falling from 3/2012 @ 150/metric ton to Dec 2015 @ $37 / metric ton, now on it&#039;s way back up.</p><p><br /></p><p>oh, and &quot;Precious&quot; Metals <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />&nbsp; But any commodity/stocks etc can go through long slides, including silver and gold.&nbsp; Short hourly spikes, crashes, tweets can affect it, stock market, political unrest, Greek banks, the weather, etc.</p><p><br /></p><p>If you are a short term flipper you have to obtain silver at close to spot as possible on downward bounces.&nbsp; Then hope it bounces up a bit.&nbsp; You&#039;ll have to find buyers that will pay a premium (normally not dealers, but individuals) to maximize your profit/time.&nbsp; Sometimes you can flip it fairly quickly to less informed private buyers.&nbsp; The faster the flip, the more likely you use a dealer from what little I know.</p><p><br /></p><p>If you are buying for longer term then you can afford to buy more on &quot;down turns&quot;.&nbsp; Assuming the market doesn&#039;t turn down some more for a long time, nd you have to determine what you define as &quot;high, and not buy&quot; mark.&nbsp; Reference 2016 run up from $14/oz to $20+/oz, or a few years ago run up to $50/oz.&nbsp; As long as you buy on the way up you are fine, then sell at an appropriate time.</p><p><br /></p><p>Hopefully, $16ish and oz for Silver is the low and it will stay above and rise, but that all dependent upon all the factors.</p><p><br /></p><p>One of the key thing for any investment of this type is to have a plan of when to buy, hold and sell.&nbsp; For Example, for stocks I have a sell 7% rule.&nbsp; If stock drops 7% (excluding market whacks) from an identified point, I sell to minimize potential losses.&nbsp; Then dependent upon the stock I may have a sell plan, where if it rises 10% I sell.&nbsp; Now keep in mind you also have Capital Gains taxes on this of upwards to 30%, and dependent upon the platform you buy sell it in you have fees associated with that thus you quantities have to support a good profit - fees and taxes.</p><p><br /></p><p>you may create a plan to cap your gains, but minimizes your losses.&nbsp; If you follow the market and track certain indicators you can roll with the punches more.</p><p><br /></p><p>If you are buying to asset wealth accumulation then there are different methodologies all dependent upon what you want.</p><p><br /></p><p>Do you want to hold the silver/gold after acquisition.&nbsp; Or paper PMs.</p><p>Or store in one of those vault places for quick resell back to the same vendor and</p><p>Play the buy/sell with the vendor?</p><p><br /></p><p>so many variables that can drain profitability or time to sell.[/QUOTE]</p><p><br /></p>

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