Is SILVER still A GOOD IDEA ?

silvereagle

Seems like every time the markets go down, Silver goes down the most, usually by far. When PM's are up, Silver goes up the least. Today, Silver was down over 3 %, Gold was down less than 1/3 %, Plat down 2/3% and Palladium down 2 %. Now in after hours trading, Gold is up .5% meaning it has already recaptured all it lost today, Pall up 1 %, Plat up 3/4% and Silver up 1/10 %. seems like its always this way.

Use to be, everyone was saying Silver to da moon, now everyone is saying Silver will fall back into the teens. I know that noone knows for sure, but is Gold now the better play or I am just not being patient enough with Silver? Do tell.

MsMorrisine

silver could continue to be under pressure until people figure out the dollar is not a safe place to hide anything, especially money.

piecesofme

I'm still waiting for someone to convince me that getting into silver right now is a good idea
Alot of folks like to talk about what it's done, but very few are willing to say it would be worth starting to get into now.

dcgolfer

I'm still staying with mostly Silver. Over the long haul, and I'm talking 8-10 years of accumulating on a regular basis, I view silver with the most potential. That being said, Silver also usually has the most volatility and isn't for the faint of heart. It tends to move quickly both ways, and I try to ignore the prices on a day to day basis. The way I look at it, any price drops just mean I get more for my money!

golfer72

Its a better idea than following Bernanke and the politicians.

DoubleEagle59

Why are we sad and panicky and we all think silver will collapse to $10 when there's a pullback

and we're elated and euphoric and we think it's going to go to $125 when it zooms up in price?

Because we're stupid and emotional (myself included).

Let's look at the BIG picture!

Have things really changed!!

Printing money and 'spending' our way out of this mess is what the Central Banks and governments will do.

Stay the course, keep buying and let's all have a laugh in 3 or 4 years from now.

cladking

If civilization survives then silver is the best bet.

I'm not sure a bet on civilization is still the best bety but what the hell else is there? The bankers?

They aren't going to let you in so you may as well bet on silver. It's going long the human race.

derryb

I'm buying all the way down and half the way back up. Today's action confirmed (to me) a temporary downturn in all markets for the next six weeks.

cladking

This is equivalent to paying about $10 in 1980. Don't let the bankers scare you out.

silverstreak

<< <i>I'm buying all the way down and half the way back up. Today's action confirmed (to me) a temporary downturn in all markets for the next six weeks. >>



The ground hog saw his shadow?

Wingsrule

Bought quite a bit in the last two weeks at very reasonable prices, and still looking to add more. If it goes up from here, I win. If it goes down, I lose.

In either case, tuition gets paid, the mortgage gets paid, the lights are still on, groceries are purchased and there are presents under the Christmas tree.

It is a longer term investment for me, not a flip.

My PM of choice right now is silver. That might change tomorrow or next month. Time will tell.

jmski52

As you suggested, no one knows for sure.

You can take one of two attitudes:

1) You can emulate Pieces of Me, and keep asking why you should take a shot at something that isn't guaranteed to triple in 2 months, or

2) You can accept the fact that you have to manage your own finances to the best of your ability in an uncertain world.


When I say manage, I mean exactly that. It means that you gauge your income vs. expenses and figure out a budget for spending and a budget for saving. Once you do that, you have to recognize several of the facts that posters in this thread have already pointed out:

- the price of silver fluctuates, widely

- the dollar isn't a safe place to hide

- accumulation over time helps smooth out the wins and losses

- the Fed and the politicians will screw you every time

- investing can be emotional, so it's good to have a plan before the fact

- the paradigm is changing from a "spending" mentality to a "savings" mentality

- saving silver (or anything else) is your own personal responsibility. That's a new concept for some people these days...

- the bankers DO manipulate the market, so it's best to follow your own schedule, period. No exceptions. Do NOT try to time the market.

- it is a long term proposition, not a flip

MANAGE your finances, don't worry about the "market". The "market" is a figment of your imagination. Your savings are not.

jmski52

Oh, I forgot to mention - silver is as good an idea as anything else. At least you can still get your hands on it when you need it back.

mhammerman

PM, cash, RE, getchasom.

keepdachange

I started in PM's about 3 years ago and have been averaging about 1700 ounces of Ag per year. My goal is to get 10,000 ounces total and then call it a day and hang on to it for the next 15-20 years. I would much rather be stacking at $18 an ounce!

Kd5ddo

I agree with dc and jmski.

Plan your trade and trade you plan. Silver is emotional, volitile, and has larger swings than gold.

piecesofme

1) You can emulate Pieces of Me, and keep asking why you should take a shot at something that isn't guaranteed to triple in 2 months

Point was totally missed. No bother in trying to explain when someones mind is not open for civil discussion.
I wish I cared enough about it all to take the time to thoroughly explain how I feel about it all. I apologize for not being able to sum it all up into one witty comment as alot of you seem to be blessed with in doing.

I guess the approach I take is less traveled, therefore, misunderstood.

Spooly

Spooly..... Bible thumping..... Gold & Silver are mentioned in Scripture 487* times but for some odd reason I can't find "Dollars & Yen and Euro"..... The Bible warns about the use of debt and dishonest scales (Fiat and Fractional Reserve Banking).


I think Silver is a good idea.


*(Source: Money & Wealth in the New Millennium, Norm Franz)

Julio

To me it is. Take care. jws

jmski52

Point was totally missed. No bother in trying to explain when someones mind is not open for civil discussion.
I wish I cared enough about it all to take the time to thoroughly explain how I feel about it all. I apologize for not being able to sum it all up into one witty comment as alot of you seem to be blessed with in doing.

I guess the approach I take is less traveled, therefore, misunderstood.

Come on, man. If I missed your point, explain it. I took the time to lay it out in detail, utilizing a series of others' posts, which I thought made a pretty good case for money management. I do apologize if I didn't get it right, but that's how I interpret your remarks:

<<Silver, you are a dog! Why I stay invested in you when you can't break out of a 5% range to save your life at a time when you should be thriving baffles me. You've done nothing for me these last 3-4 months but tie up good money that could be spent on something else.>>

If you don't care enough about it all to take the time to thoroughly explain how you feel about it, how is anyone supposed to know?

Again, I'm sorry if I was too glib and if I got it wrong, but I think that my observation was on point unless you can show me why it wasn't.

richescoin

I have no crystal ball, but I'm sure silver does have room to go up. If you buy now, your not buying at the rock bottom, of course.

ricko

Hold on to your silver... there are many more ups and downs to come... the real value is similar to insurance... it is there if needed. Cheers, RickO

NumbersUsacom

<< <i>1) You can emulate Pieces of Me, and keep asking why you should take a shot at something that isn't guaranteed to triple in 2 months

Point was totally missed. No bother in trying to explain when someones mind is not open for civil discussion.
I wish I cared enough about it all to take the time to thoroughly explain how I feel about it all. I apologize for not being able to sum it all up into one witty comment as alot of you seem to be blessed with in doing.

I guess the approach I take is less traveled, therefore, misunderstood. >>



Sell it and move on. You don't sound as if this your first trip around the investment arenas. Find a faster horse and jump on. But.... if silver takes off, are you going to then say oh NOW looky that horse just blasted past mine and I need to jump to another horse again. Some do the horse trading because they love the action even if they go broke doing it.

DoubleEagle59

I still maintain the PM bull cycle ends when the DJIA=One ounce of gold (Dow:Gold ratio is 1:1).

Still a long way to go.

piecesofme

jmski...absolutely no offense taken.
The quickest and simplest way I can sum up what I try to do (of course it always doesn't work out as planned and I get accused of complaining by someone when I say something about it) is:
I buy, to sell, to take those profits from what I just sold to buy an amount of silver to put back. So you see, I am in it for the long haul...many here misunderstand me and think that I am not. I typically can buy 8-10 oz's of silver with the profits from selling a larger Lot.

Here's the trouble...I don't like holding the part that I want to sell on the flip any longer than a couple or 3 months TOPS and I have had to do that recently. yeah I kow, boo hoo for me. I don't expect sympathy, just trying to explain my approach. I'm sure there's plenty others out there that feel the same with regards to silvers action as of late makes me feel like a bagholder...on the part I want to sell to take some profits to buy some to put back.

Maybe it's all a confusing way to go about it, but it has worked very well for me for some time now.
So I'm a bagholder on X amount right now and I'm not the type to take a loss with this stuff. If worst comes to worst, I just keep it, but that doesn't mean I have to like keeping it

Anyway, no offense was take and I apologize also if I came off being rude about it. Again, I am misunderstood quite often because I guess i can't put it in a nushell all the time...and most here don't take the time to read a long drawn out explanation. I hope that you'd agree with me on that?

Julio

Dang pieceofme that was a good post. Take care. jws

jmski52

Okay, PoM - now I understand your approach, and thanks for taking the time. What you've described is a way to limit your losses in addition to a type of accounting method. If it's a way to segregate your risk money from your permanent savings and it works for you, then you have a good system.

One of the reasons I like this forum is the exchange of ideas. If an idea can't stand up to scrutiny or debate, then it's not really helping anyone. Not every idea is 100%. Some are only 51% - 49%, and in those cases anyone can agree to disagree.

My fiancee' likes to get things for "free" whenever possible, but I like to point out to her that there are always costs even if they are not direct costs. Like the time you spend shopping for a bargain and the cost of gasoline to get there.

The only drawback I see with your system is when the market turns against you, then you are in a holding pattern for an indefinite time period. After awhile, that could weaken your resolve to keep saving when you oughta be saving. Just my 2 cents, and certainly not the last word on the matter.

piecesofme

The only drawback I see with your system is when the market turns against you, then you are in a holding pattern for an indefinite time period. After awhile, that could weaken your resolve to keep saving when you oughta be saving. Just my 2 cents, and certainly not the last word on the matter.

yep, that's the hard part...like with anything else, the part about when it doesn't go as planned LOL.
One option is to always just buy more at the discounted price, but I've always felt that that's a trap. Because if you buy more, that does bring down your cost avg., but what happens if it takes another downturn on you? You're down that much more and have less capital (the stuff it takes to cost avg down ) to work with. So I usually don't allow myself to fall deeper into that trap unless I am damn sure that the thing (in this case, physical silver) has bottomed. But that's usually something you can't tell until after the move.
So the only real cost effective thing to do is hold the initial part and wait and someone like me doesn't have the real patience it takes for that. At least I can admit that to myself lol.

Of course, one could always bite the bullet and sell it at the going rate, take the loss, think about all the times that this approach did work and try to justify taking the loss by saying I now have the capital to start over on a new "batch"...but who likes doing that?

Either way you come out feeling a little bitter because of it (silver, the whole markets in general) being so darn manipulated. But we know that going into it.

Wingsrule

This applies to any investment vehicle - bonds, stocks, commodities, beanie babies, etc.

You buy to make a profit. It doesn't always work out that way. Sometimes you need to bite the bullet and sell an underperforming asset or risk additional (paper) losses. Use those losses to offset gains made elsewhere and lower your tax bill.

DrBuster

As one of my brother's was telling my nieces and nephews the other day when the youngest was asking about an old looking chest my folks have, wondering if it ever had treasure in it:
Uncle Chad has a real pirate treasure.

I'll keep adding to it until I absolutely need to use it. I've done a couple small GSR swaps for gold, and I imagine that will happen again here and there, but I'll keep stacking as long as I can.

cohodk

<< <i>This applies to any investment vehicle - bonds, stocks, commodities, beanie babies, etc.

You buy to make a profit. It doesn't always work out that way. Sometimes you need to bite the bullet and sell an underperforming asset or risk additional (paper) losses. Use those losses to offset gains made elsewhere and lower your tax bill. >>



Very true dat!! If one never learns to sell a loser, eventually their portfolio will only be losers. And contrary to popular opinion, losses do occur, even if you do not sell.

As far as the OP, silver is just another asset that will be subject to fundamental supply/demand and phychology and emotion. Just like any other asset. All assets have their day in the sun and the doghouse.

jmski52

Profits & Capital from winning bets + Losses & Capital from losing bets = more Capital for new bets, at a lowered tax cost than if you only sell the winners.

You gotta sell the losers to offset some of those tax gains. Besides, it's cathartic.