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<p>[QUOTE="InfleXion, post: 2237970, member: 29012"]I can afford to tie up my funds for 20+ years and that is in fact my very plan. 30+ years if necessary. I'm not interested in making profits in a currency that has no fundamental value, and am more than happy to trade it for real money.</p><p><br /></p><p>Considering that the spot price is a joke, that "junk" silver is being bought by online dealers for $3 over spot, I don't see how the supply picture is telling us anything other than that silver is undervalued. Sure it can go lower, I still think it's a good buy since it can be bought at or below cost of production in spite of high premiums, and I don't mind rounding the bottom with DCA since I only spend what I can afford to lose.</p><p><br /></p><p>I like platinum and all metals for the same reason I like precious metals. They're all finite resources that are fungible, divisible, durable, and portable. The reason I like silver better is that it's the only metal that has a healthy demand for both industrial and monetary reasons, and total demand is only met by existing scrap being recycled. Mining alone does not sate the silver market. For these reasons silver has the most bullish longterm picture in my opinion.</p><p><br /></p><p>My concern with consumed commodities is storage and durability. I prefer the bird in hand that lives forever. My goal above all else is wealth preservation in a manner that I have complete control over. I'm not interested in owning someone else's claim on something in a leveraged market.</p><p><br /></p><p>In any case, the Dow and PM charts since 2000 pretty clearly show that stocks are at the top of their uptrend and metals are at the bottom of their uptrend. So regardless of how or what someone buys, I would definitely not be selling my metal right now.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 2237970, member: 29012"]I can afford to tie up my funds for 20+ years and that is in fact my very plan. 30+ years if necessary. I'm not interested in making profits in a currency that has no fundamental value, and am more than happy to trade it for real money. Considering that the spot price is a joke, that "junk" silver is being bought by online dealers for $3 over spot, I don't see how the supply picture is telling us anything other than that silver is undervalued. Sure it can go lower, I still think it's a good buy since it can be bought at or below cost of production in spite of high premiums, and I don't mind rounding the bottom with DCA since I only spend what I can afford to lose. I like platinum and all metals for the same reason I like precious metals. They're all finite resources that are fungible, divisible, durable, and portable. The reason I like silver better is that it's the only metal that has a healthy demand for both industrial and monetary reasons, and total demand is only met by existing scrap being recycled. Mining alone does not sate the silver market. For these reasons silver has the most bullish longterm picture in my opinion. My concern with consumed commodities is storage and durability. I prefer the bird in hand that lives forever. My goal above all else is wealth preservation in a manner that I have complete control over. I'm not interested in owning someone else's claim on something in a leveraged market. In any case, the Dow and PM charts since 2000 pretty clearly show that stocks are at the top of their uptrend and metals are at the bottom of their uptrend. So regardless of how or what someone buys, I would definitely not be selling my metal right now.[/QUOTE]
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So what's up, anybody here buying gold or trying hard to sell your gold?
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