Was it a mistake to buy silver now?

I'm inclined to agree. The high price has definitely pulled some unusual pieces out of the woodwork though.

 

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In the end it doesn't matter at what price you buy and at what price you sell. As long the latter exceeds the former by a reasonable amount then you done good.

I could have bought silver for $2.00 an ounce for years, but didn't. Later I bought some silver for ten times that much and sold it for fifteen times that much.

Should I feel bad I banked a profit of 50% when I could in theory have made 1500%?

 

I agree with dctjr80. I bought silver back when it was around $16/oz., and bought both coins for my collection (to avoid paying more for them in the future and coughing up bigger bucks for the silver ones) and coins to be later re-sold when silver went higher. When silver went above $24/oz, I dumped all the original "to-be-resold" coins I had, and hadn't regretted it. I'll take that small profit any day and be safe, rather than holding it too long. I held on to it for about 10 months, now that I think of when I started.

At the current prices, I'm not buying any silver unless I can get it for less than $25/oz. I wish you all the best with your silver investment, I hope it goes $50+ and pays you nicely. Personally, I'm hesitant to put up $30/oz because after fees/expenses of selling you'll probably break even when silver's at $32/oz...

 

I'm no expert and don't even have any particular knowledge, so take this how you will. But I've noticed that after going up pretty much constantly for at least a year, silver has leveled off in the last few months or so. The economy seems to be improving and I think silver will be going back down. I don't know how far down, but I think it has peaked and I wouldn't buy now. I want to buy some coins to complete my collections, not as bullion investment, and I'm eagerly hoping it at least falls down to the mid-teens so I can buy again.

 

I only added my opinion to this thread to offer an objective view, being that I consider myself more a Numismatist than a bullion investor/collector.

If I were going to take an interest in bullion, I think I would care more about the Gold to Silver ratio than the buying and holding bullion for profit.

 

If I had more available cash, I would buy more silver today. I would have bought more last Friday. I just have a gut "feeling" we're on the horizon for another big, big silver run. Beginning today. As far as I can tell, the time is now. Not just silver, but all precious metals. I read everything I can get my hands on regarding this subject. Not including companies selling precious metals. Learn all I can. However, I am not an expert. Not even close. Am not advising anyone to buy, just stating my opinion and what I feel. I think "she's" going to run and run hard and not look back. But, who knows. We'll see. Probably setting myself up here by going out on a limb but lets give it a couple of weeks before you turn the dogs loose on me. LOL

 

She's going to run hard alright, right into the ground with everyones "investment money" Mhahaha!!!

IMHO ***The best time to buy is before the --->"average person starts thinking they need to buy"<--- which consequentially is usually about the best time to sell!!!***

 

Before the crash that lead to the Great Depression, Joe Kennedy got a stock tip from the shoe shine boy he frequented. As soon as Kennedy got back to his office he sold all of his equities stating that when everyone, even the shoeshine boy is giving stock tips its time to get out. So I agree with the point and Joe Kennedy avoided the fall.

Having said that, we are not even close to that point. I work with professionals with PHD's, masters degrees and college grads. On a few occasions I will mention the state of affairs with the economy and take a bullion coin out of my pocket to see if anyone bites. The topic usually turns quickly back to sports or the latest movie because no one has a clue what's going on. In fact I have tried the same thing with my extended friends and family from many different areas and States and they are equally clueless. Perhaps I need to find a shoeshine boy...

Regards,

Bluesboy65

 

I just spent an hour shining two pairs of my brown leather Tim's yesterday with mink oil, so do my tips count?

 

I'm sort of kicking myself for not pulling the trigger when silver was $27. I've noticed the premiums on apmex have gone up lately. It's hard to want to buy when the price is so high, but I really do think now is still a good time to buy. Some of the fundamental problems that got us into this position in the first place haven't been addressed (massive spending, printing of new money, expansion of slow moving bureaucracies). In fact they've arguably gotten worse. If you can spare the money, get some silver.

 

Yeah but you're an early adopter dressed in shoeshine by clothing, I might buy based on your tip! :thumb:

 

No man! you didnt make a mistake even if it goes down (and it might?) it will come back up again

 

The most important thing to do in buying silver for hege or investment is, do your homework. True, no one can predict the future of silver. But you can get a good idea if you know the factors that lead to drives in the price. The first, and most important factor is, "the human factor". Second, is the economic future's of your country and the world in general. Third, is political climate. Fourth, is future supply of that PM.
Once, you do some research. You can get a "general" idea for the short/ midterm future. Longer then that, is impossible.
Now, is it still a good idea to buy Silver now? Yes. Is it a good idea to sell now? Yes. But, only if you have a good plan to invest that money in another place.

 

Personally I would stay away from the 40% but that's just me. As far as knowing when to sell, you will feel it in your gut, that's the hope anyways.

What you really do is say something like, alright I'm gonna buy 30- 90% Kennedy half dollars and I will sell when the price hits $45oz. Yup, that's how I do it but I usually seel sooner than my projected amount b/c something else comes up. The above is just an anology.

 

Happy, welcome to CoinTalk. So what are your conclusions from doing the homework/research? Do you have a good idea of where silver is going in the short/midterm future?

 

Thanks for the welcome Cloudsweeper99!

My homework tells me, the Fed Reserve is printing us off the cliff to save the US treasury from deflation. Which will lead to Hyperinflation. The "true" numbers already bear out the price of almost all raw goods (including many PM) are climing fast. Stories of other countrys feeling the inflation rise are staring to occur. The US has a "TRUE" higher inflation then the gov. numbers provide. That's because they use a formula that hides the true numbers. BTW, the same goes for unemployment numbers as well. Politictians will do everything in their power, to keep their power, and make us happy. International goverments are printing the same, to keep pace with the dollar. The US dollar has really no PM to back up the dollar anymore.
Babyboomers are going to start collecting from IRA's in the next couple of years. The Inflation rate will cause them to take most (if not all) of there retirement out. Not enough people to buy all the stocks that quickly get drained. That will cause a collapse in the Stock market. The US Gov. GDP is close to 50%. Can't be sustained. Social security is insolvent.
The days of "cheep oil" are gone. Oil will cost a lot more to get. Oil is the blood for most of the worlds economys. High prices add to higher inflation. Silver is currently in short supply. The mad dash for Silver as Inflation creeps more, will make the situation worst. Plus, a few more things as well.

I know my name is "HAPPY". So it sounds like i'm a downer. But, you asked for my notes. :desk:

Edit: My conclusion is: That all these MAJOR problems are staring to occur, and will come to fruit in the next few years. To many problems for politictians to solve. I think we are in a "lull" right now. Thats why i think it's a good time to buy Silver. When to sell it??? Don't know yet...

 

Hmmm...

 

Wow. Wow. That was huge. You did alot of homework Happy. Are you a student doing homework or are you the professor? I think the professor. Loved your post!

 

Bluesboy65:
You've got something to say. What is it? Come on. You always contribute good stuff. What are you thinking?

 

I work in Healthcare. Thanks. but, it's not magic. What you have to do is, use this wounderful instrument in front of you and reserch for what is REALLY going on. Lots of BS, and half articles out there. You have to put 2 + 2 + 1 and formulate your own opinion. Look, I could be wrong. But, my mind and gut says, Silver is a good call ATM. Remember, the world changes real fast. Keep on top of it. But, don't jump the gun for all events. look for "true" trends.