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Silver is back over $19/oz
    #12541859 -

Right when I was waiting for a dip to buy I get a spike.

Who thinks there will be a large pullback?


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Re: Silver is back over $19/oz [Re: UniversalParadox]
    #12541918 -

edit:  i don't really know anything.

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Re: Silver is back over $19/oz [Re: UniversalParadox]
    #12544061 -

Goooooo silver! go silver! go silver! go silver!
:cheer: :cheer: :cheer: :cheer: :cheer:
:cheer: :cheer: :cheer: :cheer: :cheer:


Europe needs to stabilize fast or silver will only go up.
If you can get silver under $20 an ounce its a bargain, say many insider silverbugs. If that means anything at all, is up to you of course.

Do Your Own Due Dilligence.

At Euro 15.32 silver is insanely high in Euros now.


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Edited by Asante (05/11/10 06:35 PM)

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Re: Silver is back over $19/oz [Re: UniversalParadox]
    #12546086 -

Lol its funny how precious metals are in the shroomery spotlight now (good luck finding any mention on TV.)  As if rising prices weren't at all predictable a month ago or 5 years ago.

My advice is just buy when you can when gold/silver isn't currently rising, buy even if it is.  Don't worry about the price so much, gold/silver is still way undervalued and the average person hasn't clued into how money works and how gold and silver is sound money.

Gold was used as money for 6000 years we've only been using our fatally flawed and easily corruptible centrally planned fiat money for ~50 years.  Never has fiat paper money lasted in history, it always returns to its intrinsic paper material value.

The price of gold/silver is being manipulated and suppressed.  The manipulation cannot last forever, and the lid is just starting to peel off. 

Buy the real thing, ETFs are artificial and are dicey, you never know if they really have the gold to back it, and if that vault gold isn't tungsten-fulled. 

Glad I piled on the silver when it dropped to $8-$9 last year :thumbup:


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http://yourlogicalfallacyis.com/

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Re: Silver is back over $19/oz [Re: Shins]
    #12546110 -

PS: I found a sterling silver choker today at the thrift store that weights about an oz for $8

:thumbup:small win:thumbup:


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http://yourlogicalfallacyis.com/

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Re: Silver is back over $19/oz [Re: Asante]
    #12548177 -

Quote:
If you can get silver under $20 an ounce its a bargain


That's what they told me 2 years ago.  Then the price crashed to about $12 an ounce shortly after.


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No knowledge can be certain, if it is not based
upon mathematics or upon some other knowledge
which is itself based upon the mathematical
sciences.  -Leonardo da Vinci (1425-1519)

Speak well of your enemies.  After all, you made them.

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Re: Silver is back over $19/oz [Re: pothead_bob]
    #12548462 -

A broken clock is right twice a day.  One day they will be right, but not due to any insight on their part.

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Re: Silver is back over $19/oz [Re: pothead_bob]
    #12548486 -

Quote:
That's what they told me 2 years ago.  Then the price crashed to about $12 an ounce shortly after.


If you are expecting any investment to go straight up or are only in it for short term profits, my advice is stay out of investing.

I haven't sold an ounce of my silver and don't plan to for the near future. I rode out every pullback and watched it move on to fresh highs. Life is good. :thumbup:


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“The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.”  -- Rudiger Dornbusch

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Re: Silver is back over $19/oz [Re: zorbman]
    #12548632 -

Shit man, that was a little over 2 years ago.  That's not that short of a term - specifically in reference to the claim that, "paying anything under $20 is a bargain".  Maybe yes and maybe no, but if you have to wait 10 years to see a return, it better be a pretty decent one.  However look at if you bought silver back in 1975.  The price per ounce remained completely flat between then and circa 2001~2002.  I'd say 26 years is pretty long-term.  Even worse would have been if you bought it March 26th 1980.  Then you'd really have been fucked.  A Vanguard index fund would have served you much, much, much, much better.  Considering the volatility of silver prices, I actually think it is better suited to short plays.


--------------------
No knowledge can be certain, if it is not based
upon mathematics or upon some other knowledge
which is itself based upon the mathematical
sciences.  -Leonardo da Vinci (1425-1519)

Speak well of your enemies.  After all, you made them.

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Re: Silver is back over $19/oz [Re: pothead_bob]
    #12559498 -

Quote:
However look at if you bought silver back in 1975.  The price per ounce remained completely flat between then and circa 2001~2002.  I'd say 26 years is pretty long-term.


Yes, and that's why I don't always recommend  people purchase large quantities of PMs in each and every investment climate. Right Now I'd recommend most people get a healthy dose. And one should always keep at least *some* PMs in their portfolio as insurance against hard times. That's just Investing 101 and probably the least controversial statement you'll ever come across on this forum.

Quote:
Considering the volatility of silver prices, I actually think it is better suited to short plays.


You say 2 years isn't a very short term but silver has been moving upwards in price methinks since 2001, almost nine years.

I think we are not in that great a disagreement and can agree on this: silver is a good investment in stretches.

All I'm saying is the present time period is one of those stretches.


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“The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.”  -- Rudiger Dornbusch

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Re: Silver is back over $19/oz [Re: zorbman]
    #12560469 -

Quote:
All I'm saying is the present time period is one of those stretches


Why?  What makes this time different than others?


--------------------
No knowledge can be certain, if it is not based
upon mathematics or upon some other knowledge
which is itself based upon the mathematical
sciences.  -Leonardo da Vinci (1425-1519)

Speak well of your enemies.  After all, you made them.

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Re: Silver is back over $19/oz [Re: pothead_bob]
    #12561427 -

Because of the economic crisis. Uncertainty is good for precious metals.


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“The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.”  -- Rudiger Dornbusch

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Re: Silver is back over $19/oz [Re: zorbman]
    #12570586 -

zorbman said:
Because of the economic crisis. Uncertainty is good for precious metals.


So is corrupt fiat.


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http://yourlogicalfallacyis.com/

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