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A long shot but IF silver hit $5/oz. (and you could buy at that price)..

ChrisRxChrisRx Posts: 5,619 ✭✭✭✭
I think I would put everything I have into it!
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Comments

  • I am at $8. At $5 I sell everything and become a jigalo......
    Looking for Au Classic Commems...
    Also looking for VF-EF Seated halves.

    Sell me your old auction catalogs...image
  • storm888storm888 Posts: 11,701 ✭✭✭
    "Everything" is an interesting number, but it is too rich for me.

    I can say that I would want to be buying a WHOLE BIG BUNCH in that range.

    I also will not avoid starting to rebuild a BIG position at levels above your "target."
    Folks Who Bite Get Bitten. Folks Who Don't Bite Get Eaten.
  • bennybravobennybravo Posts: 1,833 ✭✭✭
    100 OZ Brick keychain.image
  • CasmanCasman Posts: 3,935 ✭✭
    3,000 oz door-stopperimage
  • problem may be.....at those levels...nobody may have any for sale?

    Locally....all dealers, jewelers...etc...have pulled thier silver.

    I too would load up on $5-8 silver....but may not be able to find any to buy......

  • I say load up at $12. You will be able to buy at that price later this month.

    It's unlikely that single digits will be seen this year and with the inevitable bounce back to $20 next year, $12 looks pretty good.

    image


  • << <i>I say load up at $12. You will be able to buy at that price later this month.

    It's unlikely that single digits will be seen this year and with the inevitable bounce back to $20 next year, $12 looks pretty good.

    image >>




    I agree....but locally Friday I could find none at 12-13....am off Tuesday and will call around Monday and see what I can find...and set up my game plan for Tuesday.
  • TwoSides2aCoinTwoSides2aCoin Posts: 43,765 ✭✭✭✭✭
    The problem with hypotheticals is that I can't dream while I'm awake.
  • RedTigerRedTiger Posts: 5,608


    << <i>I think I would put everything I have into it! >>



    And you'd be a fool, unless you are like 25 years old with a high income. If it went from $20 to $5, it could go from $5 to $1.

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    At $5 the bull market would in all probability would be dead.


    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • RBinTexRBinTex Posts: 4,328
    So you'd bet everything you own that it would go up from there, correct?

    Then why are you not selling 5 puts accross all expirations? image

    e.g. 12/09 5 Puts on SIZ9 (i.e. COMEX 5,000 oz. contracts) are around $170 per contract right now (July 2010's will get you nearly double - at $335). You'd only need to put up about $471 to sell each one of those puppies and the money you put up can/will earn interest too.

    Heck, that's nearly a 40% return by the end of next year. Not too shabby.

    Of course, it silver goes below $5 per ounce (or more accurately settles below) you'll have to give back $50 per cent below $5 per contract (i.e. max loss per contract is $25,000).

    Perhaps losing is a long shot but the risk/reward scares me.
  • FullStrikeFullStrike Posts: 4,353 ✭✭✭
    Your best bet would be paper. Paper is now KING - in case you haven't figured it out yet. image

    As westerners we are all very attached to toilet paper the most - can't live without it. Maybe the sand-dwelling peoples of the world like their hands, then sand, but here in the USA we need toilet paper. And not that rough sandpaper stuff they use in Europe either. We like it soft - like Charmin !

    Stockpile cases of Charmin - not Silver! image
  • Great article thanks
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