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Summer Decline in Gold & Silver Coming?
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<p>[QUOTE="Cloudsweeper99, post: 1201681, member: 3011"]There are a couple of things you need to know about getting into silver. First, it will ALWAYS be volitile. So you have to be comfortable with extreme price swings to be happy owning it. Second, it doesn't make any sense to form opinions about what you think the price will do during the summer, but you need a firm conviction based on analysis that the price will go higher. This will enable you to hold on through the dips [like now]. In fact, if you think silver will hang around $30 for a couple of months and it does, you may fool yourself into thinking you can predict short term movements, which could lead to grevious mistakes. So I try not to think about what silver prices will do for the rest of this year, but if I didn't think silver would exceed $50 within 3 or 4 years, I wouldn't own it.</p><p><br /></p><p>If you want to pick up some cheap silver, try searching rolls of half dollars from the bank. There isn't much silver around anymore but if you search enough rolls, you may find some.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1201681, member: 3011"]There are a couple of things you need to know about getting into silver. First, it will ALWAYS be volitile. So you have to be comfortable with extreme price swings to be happy owning it. Second, it doesn't make any sense to form opinions about what you think the price will do during the summer, but you need a firm conviction based on analysis that the price will go higher. This will enable you to hold on through the dips [like now]. In fact, if you think silver will hang around $30 for a couple of months and it does, you may fool yourself into thinking you can predict short term movements, which could lead to grevious mistakes. So I try not to think about what silver prices will do for the rest of this year, but if I didn't think silver would exceed $50 within 3 or 4 years, I wouldn't own it. If you want to pick up some cheap silver, try searching rolls of half dollars from the bank. There isn't much silver around anymore but if you search enough rolls, you may find some.[/QUOTE]
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