So if Silver falls below $30 again POLL...
piecesofme
Posts: 6,669 ✭✭✭
What are you going to do if silver falls below $30 again?
To forgive is to free a prisoner, and to discover that prisoner was you.
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You know it probably will ... be under 30. again that is ... but for those who stack for the future, the bigger question is where it will be next year (or 3 to 5 years out, or whatever we want to place as the future). And the other question is, how much lower before it steps up to a new base point?
You mentioned in an earlier thread about all the folks that feel like they got burned buying in the 40's ... and how it would never get back there because they'd be sellers first ... how they were feeling like "bagholders", just waiting to get out of the "bait and switch" game.
This will sound crass ... but ANYONE who goes all-in at any time IMO deserves what they get. If they call it right and score a homerun, good for them. But IMO all-in bets and all-in investments tend to preform worse (on average) than "stacking", or averaging in.
And for the record, my stack is in the red (I might breakeven if I got reasonable premiums), but I didn't go all-in at 38, and I didn't go all-in at 27 either
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
My unscientific anecdotal sentiment indicator is on SELL. In three widely separate places, newbies have brought up silver or SLV, and each seemed to think silver was some kind of a sure thing, easy money, just waiting for them to come pick up their bundle. It is one thing for true believers, the perma bulls that camp out here, to believe that, but when newbies express those views, it is a large red flag. The anecdotes are unscientific to be sure, and if it were just one person, or three people in the same place, it would have less value, but three different places, three different kinds of people, adds a bit of weight to it.
But still go for poured or speciality items if I come across for the right price when I have the money.
2 "I will buy, but pick my spots cautiously."
It will go below and way above.....
This worries me now, but not as much as about 16 months ago when it seemed even this board was crackling with "can't miss" and "to the moon" talk ... although still worrisome that you're seeing it in multiple places
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
Most of us never do Tom, so if you can't, don't feel like you need help, just buy some more
Interesting results and comments so far. Don't be afraid to vote if you haven't folks. I think I covered just about every approach, generally speaking anyway.
"rescuing dollars" from destruction. More accurately, I am rescuing purchasing power. The handwriting has been on the wall for some time now. Oh, happy $16 Trillion!
There are 2 months until the election. It's impossible to know, but my gut feeling is that we are seeing QE, regardless of what they might say or not say at Jackson Hole. Until the election, there is going to be no change in policy that should dictate a change in anyone's investment stance. However, on Sept. 12, the German Court will rule as to whether or not Germany will find a bailout of the rest of Europe by the ECB to be allowed under Germany's Constitution. Sinclair seems to think that is important as a bellweather for more money creation. Yeppers, it probably is.
Everyone keeps saying that the US is on better footing than Europe. Fundamentally, geographically and militarily it is. In terms of finance, it is not. With the skewed reporting these days, how would we know what's really the case? Most of the data that gets flaunted is politically-driven and is intended to C-Y-A. The main factor that the US Dollar has going for it, is the lack of alternatives for a world trade currency.
The direction of governmental policy isn't a leading indicator, so you can't make alot of money ***in the short term*** by anticipating market moves based on government policy changes. However, in terms of precious metals investing it's hard to go massively wrong by tracking government policy over the long term, and in the long term it all adds up.
I knew it would happen.
Who knows,but no one goes broke taking a profit.
It always amazes me on these Polls where there can be 8 choices that prety much cover the whole spectrum of what is being asked, and there's always one who says none of the choices provided fit. LMAO!
"Keep buying slowly and steadily and don't try to time the market"
Experience the World through Numismatics...it's more than you can imagine.
I vehemently disagree; we took care of the "toxic assets" our banks were holding years ago. Europe is still slowly bailing out their banks, and that's one of the reasons why their economies continue to falter.
<< <i>"Everyone keeps saying that the US is on better footing than Europe. Fundamentally, geographically and militarily it is. In terms of finance, it is not."
I vehemently disagree; we took care of the "toxic assets" our banks were holding years ago. Europe is still slowly bailing out their banks, and that's one of the reasons why their economies continue to falter. >>
We took care of the problem by changing the accounting rules - they are now allowed to carry toxic assets on the books at their non toxic cost value, not their actual reduced, appraised toxic value. A feces by any other name is still a feces. Actual insolvent institutions are now solvent on paper. Were they to liquidate everything tomorrow (at actual value) their shareholders would take a bloodbath.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
And don't think at some point, it couldn't be changed back. Might be a long arse time from now, but it could.
Point is they can make a pig look attractive with a few mere swipes of a pen.
May I ask what this is based on in your opinion WR? I'm curious. tia
Jobs report Friday - we will not see the kind of jobs growth that people want to see
FED next week - what will change in his statement between Jackson Hole and then?
When ever the price gets over $30.......................I sneek a peek at this box and all is well,
I'm not showing my over $30.00 silver box.
Herb
If that's the "under" box, then that's the one that should keep you out of the dog house
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
<< <i>I continue to buy an odd ounce or two here and there, to add to the stack, but not in any serious or systematic manner.
My unscientific anecdotal sentiment indicator is on SELL. In three widely separate places, newbies have brought up silver or SLV, and each seemed to think silver was some kind of a sure thing, easy money, just waiting for them to come pick up their bundle. It is one thing for true believers, the perma bulls that camp out here, to believe that, but when newbies express those views, it is a large red flag. The anecdotes are unscientific to be sure, and if it were just one person, or three people in the same place, it would have less value, but three different places, three different kinds of people, adds a bit of weight to it. >>
My Pastor asked me recently in a kind of wonderingly way if the Church should divert some of its holdings to Gold. I just made mention, well some central banks seem to be doing just that, and I said no more.
Red, Its just different this time !!! Its Just Diiferent this time !!! keep repeating over and over.......
Menomonee Falls Wisconsin USA
http://www.pcgs.com/SetRegistr...dset.aspx?s=68269&ac=1">Musky 1861 Mint Set