Question about future prices

coin22lover

I have been considering buying very heavily into precious metals. But I can't decide whether to wait for a big drop or buy now and risk losing half my money when it drops, or double it when it rises. I see so many people posting 'to da moon', 'to $100' hype, but I worry that there is some kind of psychology at work there that is not necessarily in line with reality. I remember seeing this sort of thing in 2008 before the prices crashed. Also, I worry that many "opinions" are biased and intentionally deceptive for one reason or another. So, what's the truth? I know no one knows for sure, but my gut just tells me it will fall to the teens again this year.

CaptHenway

Do you want truth, or do you want fortune telling? The truth is that nobody knows the future. Always remember that.

If you wish to speculate, speculate with money you can afford to lose.

If you do buy, buy to hold. Don't expect to make money stepping into and out of the market. The fees will eat up your profits.

Buying dips is a good thing, but that does not mean that it will not dip further.

Waiting for dips may mean that by the time you buy, prices will not be higher.

Bottom line, nobody knows what tomorrow will bring.

TD

ibzman350

my gut feeling is we'll never see silver in the teen again.



Herb

Baley

Decide how many more ounces you want to own, and in what form. Buy half (or one quarter, or one third, or three fifths. the point is, buy some but not all of your goal)
Then, buy more silver, advantageously, meaning, shop around, and when it "goes on sale" by declining, or a form you like appearing for sale at an attractive price, buy it.
Try to scale in at good prices, and when you do scale out, you can do so at good prices as well. If you can buy in bulk early and piece it out at higher prices later, so much the better..

KUCH

I'm just a "baby" in the precious metal realm. Investor of real PM's for 3 yrs now. Many more on this forum have much more experience than I. I invest as a hedge and one way to diversify. I still own property, I still own stocks, I still hold cash, and I still own real assets (cars, airplane, inventory)

I'll never be a super ultra rich, but things have worked to date.

shorecoll

What Baley said. I think there should be a small pull-back from here, maybe $2 or so, then buy your first increment. I wouldn't go all in here, of course that's just my opinion. I'm selling off my low grade numis silver here...of course I bought most of it at $4-6 silver.

RedTiger

The truth? The average person does poorly when trying to time the markets. The average person is better off being happy with an average price by buying (or selling) slowly in small increments.

More truth? Folks that ask for advice tend to do worse at timing than the average person. Folks that ask for and then take heavy duty financial advice from complete strangers tend to do even worse. (You did use the adjective "very heavily.") A person asking strangers for advice might want to avoid going very heavy into anything.

There are a few extremely talented (or lucky) folks that successfully time the markets, but we are talking about the top 5% or perhaps 1% that make the big money with timing. Virtually none of these successful timers need advice or ask for advice.

Good luck to you.

Konahead

unless you see a full recovery in Europe, Japan and the US this year I would be very surprised to see the teens for silver any time soon. You may see dips, but teens are wishful thinking. I would love to buy more at that level, but alas i think the time is past for now. IMHO.