The only way that Gold and Silver will not go up again is if the economy gets fixed . ...and we all know the fed will just stop printing money too...ha I'm on a roll today!
Man I like seeing these low prices (and being right of course). Hopefully it dips to 15 dollars an ounce so I can but a little Sent from my iPhone using Tapatalk
Lower is good if your in acquisition mode and that's my interest so $15, $2, whatever, let me 'have it'; HA. Silver is anything but stable making this $20 challenge of the OP's very bold and likely to come around and bite ya if your shorting below that (acting with conviction that is...). I'm buying some now, but this is not the 'back the truck up' moment for me.
I'm holding off for a while (mostly because I'm broke). Maybe the prices will come down somewhere near $15 and then it's time to buy again.
I was buying at $35 per ounce and have bought since. I'd buy at $50 per ounce. Either way, nomatter the price, I'll take gold/silver/platinum/palladium/guns/ammo over our fiat worthless tanking dollar.
Yeah, stupid me. I didn't buy at $35, keeping my money in the worthless tanking dollar. Yesterday I was able to trade those worthless tanking dollars for twice as much silver as someone who bought in the high $30's. I am just stupid I guess, actually caring what market prices are for a commodity.
Stupid me, I invested in stocks and got 30% more worthless dollars than I did a year ago!! I wish I had bought silver a year ago and lost 50% of them worthless dollars homies! Sent from my iPhone using Tapatalk
I hope he buys war nickels and holed coins at 50 dollars an ounce too. I'm looking to get .999 silver Sent from my iPhone using Tapatalk
I know we were awfully sarcastic Gnomey, I hope you weren't offended. The point was it DOES matter at which price you buy anything. Even though you might believe long term pm is the best place to have your money, that still does not mean you buy "at any price". You have to be smart and try to maximize your total ounces in exchange for your dollars, because at least right now those dollars are not "worthless".
I was not offended at all. I have been buying junk for a long time (along with .999 bullion) and I was simply saying, that I will be a buyer nomatter what spot is. If spot was $50, I would still be buying. I will be a forever buyer because I personally believe bullion to be a much smarter way for ME to preserve MY wealth, over letting dollars sit in the bank or have stocks etc. It's just my $.02. I have pretty thick skin so I was not offended at all. I am confident in my plan and I will continue to have faith in the bullion market, and excercise that faith by buying.
so to clarify, I wont pay $50 an ounce if spot is $20...that is insanity. I just mean nomatter what spot is, I will be a buyer...
I have to admit, this thread is epic. Not sold on $15 silver, when were $1.30 away from $20. But what do i know.
I remember when Eminem was hated and discriminated against. Now look at him, on top of the world with his prediction.
What does anyone here know where the price is headed. If I really knew I would sipping Pina coladas on my private island somewhere. We don't know at all, we can just make educated guesses. Yours is as good as ours as long as you come to that conclusion yourself. As far as epic, it's kind of par for the course. We latch onto a random thread for a while on this section, ride it for a while, before moving on. This is a good sized thread, but far from the longest.
The ONLY reason this thread has garnered this much attention is because it's been a full month since Detecto has posted anything. Eminem = May and early June's Detecto.
I think this price is a good thing. Silver is very volatile. I first started buying at $5, then it went up to around $20, crashed down to $10, up to near $50, and now back down to around $19. Maybe it's next move will be up to $100, but I really don't know. http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx