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Was it a mistake to buy silver now?
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<p>[QUOTE="Bluesboy65, post: 1103637, member: 23329"]Welcome to investing in silver! You need to understand why you are in silver. Do you just like holding a piece of history in your hand (collector), do you think silver is fundamentally undervalued (investor) or do you see economic events forming that will drive it higher (investor). I suppose collectors should buy when they fnd what they are looking for and have the money. An investor must understand why you think its going higher and research the heck out of your assumptions. If your assumption is the price will go to $50 in 2 years because of XYZ then it will not matter so much that you bought at $28-30 just as long as you achieved you objective (I.e. 25% ROI). There are those in this forum who have been buying for years and are mostly invested at <$15 per oz. Most are not committing new money at present levels, some will argue that silver does not have much up side but are still holding. This is confusing so you have to do your homework, hold to your assumptions and be wary of the double speak. There are also some seasoned investors contributing to these forums with great insight so check'm out! Of course silver has risk blah, blah, blah but I do wish you the best of luck![/QUOTE]</p><p><br /></p>
[QUOTE="Bluesboy65, post: 1103637, member: 23329"]Welcome to investing in silver! You need to understand why you are in silver. Do you just like holding a piece of history in your hand (collector), do you think silver is fundamentally undervalued (investor) or do you see economic events forming that will drive it higher (investor). I suppose collectors should buy when they fnd what they are looking for and have the money. An investor must understand why you think its going higher and research the heck out of your assumptions. If your assumption is the price will go to $50 in 2 years because of XYZ then it will not matter so much that you bought at $28-30 just as long as you achieved you objective (I.e. 25% ROI). There are those in this forum who have been buying for years and are mostly invested at <$15 per oz. Most are not committing new money at present levels, some will argue that silver does not have much up side but are still holding. This is confusing so you have to do your homework, hold to your assumptions and be wary of the double speak. There are also some seasoned investors contributing to these forums with great insight so check'm out! Of course silver has risk blah, blah, blah but I do wish you the best of luck![/QUOTE]
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