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<p>[QUOTE="medoraman, post: 1909500, member: 26302"]I never try to be defensive sir. What is the point? </p><p><br /></p><p>Its a fair question. My average is probably around $5. Most of it was bought at $4 an ounce or less. However, I consider it pretty meaningless, which is why I do not track it more accurately. If I paid $4 an ounce in 1992 for it, what does that mean in 2014 dollars? Nothing. Its value goes up or down daily. I am very comfortable owning it around $19, I even kept it when it was in the 30's. However, when it got into the 40's I probably should have sold, as that price made me uncomfortable. I didn't act when I should have. Not saying I was BUYING anything in the 30's or above, but if silver went to $30 today and seemed sustained I would not sell. My silver is more of a contra asset for me, not my main investing. So, as such, it still has a place for me at higher prices.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1909500, member: 26302"]I never try to be defensive sir. What is the point? Its a fair question. My average is probably around $5. Most of it was bought at $4 an ounce or less. However, I consider it pretty meaningless, which is why I do not track it more accurately. If I paid $4 an ounce in 1992 for it, what does that mean in 2014 dollars? Nothing. Its value goes up or down daily. I am very comfortable owning it around $19, I even kept it when it was in the 30's. However, when it got into the 40's I probably should have sold, as that price made me uncomfortable. I didn't act when I should have. Not saying I was BUYING anything in the 30's or above, but if silver went to $30 today and seemed sustained I would not sell. My silver is more of a contra asset for me, not my main investing. So, as such, it still has a place for me at higher prices.[/QUOTE]
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