A Question on Silver

[tribute_13]

Say Obama wins re-election, would the market experience a temporary dip in the days after the election? Would it be safe to invest in say 20oz of silver now in anticipation for a rise around re-election time?

 

[Carson]

It looks to me like the commodities have been falling for a couple of months. In other words the dollar we work for has become a little more valuable. Even though the jobs reports don't show much of a gain, judging by the increase in traffic, more people can again afford to earn a living.

This could be a fluke or it could be they know what they are doing.

If they are in control it could be it will last through the election cycle. If so it would be time to buy throughout and up until they yank the slats out from under us again.

The thing that is wrong with this theory is it doesn't really matter which one of their shills gets elected. Then again things could blow up on them and they could find America behind an honest man like Ron Paul. He is a global favorite despite what the media leads on, I figure.

 

[Seraphim]

If it helps you, I just came across a bit of extra money and will be buying silver shortly.

I wouldn't wait much longer to buy silver at this point. It's been consolidating for a while and silver inside the 20-30$ range is a good long term entry point.

Spread your purchases out regardless of price if you are a longterm saver/investor - this way you leave out emotions as much as possible. Short term price movements (such as knee jerk reactions to who got elected) are nothing but WHITE NOISE.

Say Obama wins re-election, would the market experience a temporary dip in the days after the election? Would it be safe to invest in say 20oz of silver now in anticipation for a rise around re-election time?

 

[Zippyjuan]

Basically you would be placing a bet on where you think the economy will go. If we get a big batch of bad economic news, things like gold and silver will probably go up. If things get a little better or even just muddle along as they are now, you probably won't see much action as far as higher metal prices go. It's an emotional thing- people's confidence in the future. Last time we saw a big bump in the price of metals was around 1980. Back then we also saw high inflation combined with high interest rates(both double digit) along with double digit unemployment (slightly higher than even the recession now though it did not last as long). After that, things were not nearly as bad until now and the prices of metals declined for about 20 years. Yes, there was the occasional recession every few years, but short and not that deep. Have we passed the worst this time around? Or is there more to come? That is what you need to ask yourself.

 

[tribute_13]

Basically you would be placing a bet on where you think the economy will go. If we get a big batch of bad economic news, things like gold and silver will probably go up. If things get a little better or even just muddle along as they are now, you probably won't see much action as far as higher metal prices go. It's an emotional thing- people's confidence in the future. Last time we saw a big bump in the price of metals was around 1980. Back then we also saw high inflation combined with high interest rates(both double digit) along with double digit unemployment (slightly higher than even the recession now though it did not last as long). After that, things were not nearly as bad until now and the prices of metals declined for about 20 years. Yes, there was the occasional recession every few years, but short and not that deep. Have we passed the worst this time around? Or is there more to come? That is what you need to ask yourself.

I believe it'll get worse. My anticipation for the blip after election day is just post election shakiness and lower confidence. I'm probably wrong, but if nows a good time to buy then I don't see any reason not to. If I'm completely off base I'm not losing anything. If I'm right, might make a little bit of a return. Either way, I don't see how it would be a bad idea. Do I face any credible risks with buying 20oz?

 

[keh10]

10 years from now, it wont matter if you bought at $29 or $25. All that will matter is that you protected yourself or you didn't. If you are seriously planning on buying silver, I'd recommend picking some up before the summer is over. That being said, I'm feeling like silver might take one more nose dive towards $22-23 and if that happens BUY BUY BUY!