Silver prices to the moon!!

So you're saying that I should believe that Buffet is a moron for selling so early? Then for not buying at $13 before it drove up to $49? Now he's the only genius in the world and his idea that silver isn't a good value until it comes down significantly, I'm guessing back to $6, is the smart play. Wow, all this spectacular insight for free....whodathunkit?

Investing in a potential hiccup that occurs about once every thirty years vs 1 trillion dollars per year the fed buys in QE to create a massive bubble. Hmmm, sounds good, you go ahead and sign up, let me know how it all works out.

 

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The article says what it says.

I'm drawing attention to time, effort, more time and all of it for nothing.

As an investment, Silver is unreliable, unpredictable and ties up your capital when purchased at the inopportune time. Whether it's getting to its hiccup or sitting in the plateau, you just don't know if you'll ever get something worthwhile out of it, within your lifetime. Vultures invest massive amounts of money in propaganda that makes others believe they will see $100/oz. to $500/oz. with gold reaching, I believe $5000/oz. or more. In reality, the opportunities for profit have a history of being far and few in between, not to mention, difficult to cash in on.

Buffet wasted almost a decade, got frustrated and made $1.50/oz. He decided not to wait another decade. He's a pretty bright guy. Others sit on silver they bought for $30 to $40/oz. and no longer have a choice, unless it includes a serious loss.

Buying on hype and during a hiccup or in a plateau and waiting for God knows how long, this commodity is for the birds. That's just my opinion.

My silver treasures are a result of collecting coins, I do not buy quantity of bars/rounds and have not participated in the Precious Metals hype. Not around 1980, not now, not ever. Congratulations to all those who managed to make money by peddling bullion to suckers near the very peak. It was not an honest endeavour. History repeats itself...

 

I think it's a combo of the two. Since I got most of my silver for under $10 an ounce I really don't care what happens until the price drops below that. We are in a strange place and we'll have to see what happens. Maybe Janet Yellen will pump up the inflation, or maybe not. We'll see. Silver is still around $20, which is where it should be if it moved up at a steady rate since around 2003.

 

Yeah, that's not unreasonable. The problem is, it didn't move up gradually. It never does anything gradually. It's either erratic or stagnant. I expect further losses and fluctuations at around $8 - $13/oz. in the years to come, but, that's just me.

As Warren Buffet found out, there is no thrill or excitement in buying silver when it's low. Today's future generations do not have the attention span to do what he did. Buffet bought at $6, watched his investment at $4 - $5 for a substantial portion of time and got out at $7.50. Seriously, how much longer could he have waited?

 

Wonder what Buffett thinks about
future oil prices?

https://www.google.com/url?q=http:/...J1EYyQ&usg=AFQjCNGr2H8Xjvqk042xXjvSA3DqYSGABA

 

I appreciate your concern but it's really not necessary. Most coin collectors I know don't go out and buy PM's because of something that was said by one person on a forum. Obviously you think otherwise.

 

It's not so much concern, it's my opinion with a few facts thrown in, to counter your fairy tale and imagination.

Wow, you recognize the fact that we're pretty much down to one person preaching in favour of PM's in this topic and a couple of years earlier, people of your opinion would have hijacked the thread and then taken it over completely. This truly signifies progress and enlightenment within your circles. Congrats!

Like the OP stated...

Mostly, and not only on this forum, they seem to have gone the way of the dodo bird.

 

We are all dodo birds - PMs will have their day again. Investing for most people is nothing but a lifetime of missed opportunities.

 

No doubt that they will, but, seeing you are a Senior Member and you mention all of us being dodo birds, will they have their day again in our lifetime? Will silver ever reach $50/oz. and actually stay there for long enough to be considered a profitable investment?

 

"Experience" is just the the log book
of our screw ups. evil:

 

I haven't given up on silver. Why should I? Nothing I see has changed with the fed, except for it's mutation into a comma splice: "Ding-ding, ding-ding, Sugar Daddy departing, ding-ding, ding-ding, Sugar Mommie arriving."

 

You got that right, to da moon! And to all the naysayers a little more cowbell!

 

Everything in life could use more cowbell.

 

I think it will be much harder to convince people in the future that the financial end is here and PM is the salvation than in 2007-2008. I lost money on PM purchased above current value ( on paper , as assimilated into holdings as I bought no generic or rounds, etc.) but I did refinance rentals and monthly gains now from that action allow paying off the principle in a much accelerated time line. Balanced investment is sane, even if sometimes you hate the investment personally ( such as banks).

 

If the silver hiccups keep coming at 25 to 30 year intervals, there will be a fresh generation with fresh funds to fleece. They will have no memory of the previous two fleecings (late 1970's, late 2000's, to be continued...)

By then, there should also be a new technological medium through which it will be easier to target silver buyers. This time around the internet was key.

 

Investing in PMs is no different than anything else in the fact that there will always be winners and losers. Timing is everything. I personally don`t really care where silver is at......I have done well with it even when it was in the $40s. I turn a lot of it over as I get it. Unless it would have a drastic one or two day drop, I`m usually ok.
I realize that I`m in the minority on here, as I buy everything from junk to items that carry a heavy premium. But for even a major silver bug like myself to say that silver should be looked at as a savior and will hit $500 is idiocy in itself.

I have said it before.....Everybody should go on their own convictions and not waver because of online opinions. (Mine included)

 

At this point, I see silver as more of an industrial metal. The occasional amount of speculation, doom and gloom, and hype revolving around this commodity is not comparable to any other investment I know of. Those occasional hiccups also seem to be the only times it is actually treated as a quick buck investment.

That being said, I know plenty of great dealers who sell just above spot and maintain a respectable attitude. It is what it is, when spot goes up. They do not promise the world, just meet the demand that is created by some of the very public and very dishonest sources. These sources prey on the fears of fearful and insecure individuals.

Since 2006 - 2007, I've purchased the odd silver round as an addition to my collection. Spot was around US$12 - US$13/oz., the Canadian dollar was well below par and my price worked out to around $17 per bullion coin. I stopped adding the odd bullion coin to my collection in 2010. At that time the Canadian dollar was at par or higher. My cap was US$26/oz. (shipping included). After that, I just sat back and watched the mayhem.

 

IMO, people are not civilized, they're
cannibals wearing ties; value creation is Newspeak for value extraction; and most important-investing is warfare:

 

I am glad that I am the only one who still likes PM's. When everybody is saying don't buy them then it's time to buy again. I am waiting until I am starting to doubt myself. That's when I am going to buy.

 

I completely agree the time to buy is when most people are down on an investment, any investment.

I don't see how you think you are the only one who likes silver though. I LOVE silver. Why do you think I am here? I just have not loved the PRICE of it for a while now. Its been very frustrating for me to be unwilling to buy silver, (one of my favorite things to do besides buying coins), because the price has been what I consider too rich. I believe disagreements here has ALWAYS been about price, since nearly by definition why would someone who HATES silver even sign up on this site?