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What if silver plummeted down to $15oz, would you be ready?
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<p>[QUOTE="desertgem, post: 1163534, member: 15199"]But if they see it is an opportunity, why not buy at $16,17, 18,19,20, etc. Most people are horrendous at financial predictions, and comparisons. For example the point of Merc Crazy on Japan. If PM were priced world wide in Yen, would the price gain be the same % wise? or if the price was in Euros. think it would be the same gain? I personally would rather have the US financial problems on me than those of Japan or the European Union, even though their foreign exchange ratio seems to indicate they are doing better. DO either of those 2 countries have mining reserves of PM, rare earths, oil, natural gas, etc, that the US does? Where would they be on their own? Overall, they have almost double the chance of debt default than the US has, and yet we usually concede they are roses and we are compost. IMO.</p><p><br /></p><p>But specifically to the point , if I liked physical PM at that time, I would buy from $15 up to $20, as that is my decision point that the price is at industrial needs. Above that and you will be exposed to a dead cat bounce.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1163534, member: 15199"]But if they see it is an opportunity, why not buy at $16,17, 18,19,20, etc. Most people are horrendous at financial predictions, and comparisons. For example the point of Merc Crazy on Japan. If PM were priced world wide in Yen, would the price gain be the same % wise? or if the price was in Euros. think it would be the same gain? I personally would rather have the US financial problems on me than those of Japan or the European Union, even though their foreign exchange ratio seems to indicate they are doing better. DO either of those 2 countries have mining reserves of PM, rare earths, oil, natural gas, etc, that the US does? Where would they be on their own? Overall, they have almost double the chance of debt default than the US has, and yet we usually concede they are roses and we are compost. IMO. But specifically to the point , if I liked physical PM at that time, I would buy from $15 up to $20, as that is my decision point that the price is at industrial needs. Above that and you will be exposed to a dead cat bounce. Jim[/QUOTE]
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