William Tell
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How low will it go? Silver is in the $15.80s as I type, and Gold is in the $1160s!
Silver has dipped into the $15.00s, Gold into the $1160s... where is the bottom?
- Thread starter William Tell
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I first bought silver in the $12 range, and a friend of mine told me I was crazy because it had been in the $7 range a few months earlier. I'm really happy with the performance of my $35 silver right now.
Oh well, at least my money isn't in the bank.
I guess the real question is what premiums are being charged right now to acquire gold and silver and whether it is available. I haven't checked lately.
Oh well, at least my money isn't in the bank.
I guess the real question is what premiums are being charged right now to acquire gold and silver and whether it is available. I haven't checked lately.
William Tell
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Premiums are not bad at all, considering. Apmex has silver rounds as low as $.99 over spot. Silver Eagles at $2.50. in stock. And that's just the first place I checked, so there are bound to be better deals.
brandon
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I don't know that gold will go down much more but I don't see any catalyst for it to go back up either. QE is over... economy is on track. Rates will be raised soon. I think gold's time is over for now. Maybe another 5 or 10 years until it's next run. Obviously can't predict the future though so maybe I'm totally wrong. 
Ronin Truth
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Bottom? Above zero, guaranteed. Which is more than I can say about FRNs.
William Tell
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This we know, but I was kicking myself for not buying more around $30, after it went above $40. Now it is below $16!
Ronin Truth
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This we know, but I was kicking myself for not buying more around $30, after it went above $40. Now it is below $16!
Step 1: Stop kicking yourself.
Step 2: "Buy from the scared, sell to the greedy." -- Warren Buffet
Shane Harris
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This. And ditto for Bitcoin
It is a crap shoot , today, oil down 1 % , gold down 2 3/4 % , Dow , up about 1 % , S & P , up about 1 % , stocks , probably back over where they started the month . Long term , I intend to change nothing , just keep putting my 6 % in the markets and 11 % in commodities . I will probably work another ten yr.'s . We will see what I have then. Best thing I ever bought ,was probably enough land to grow my own food .
, today, oil down 1 % , gold down 2 3/4 % , Dow , up about 1 % , S & P , up about 1 % , stocks , probably back over where they started the month . Long term , I intend to change nothing , just keep putting my 6 % in the markets and 11 % in commodities . I will probably work another ten yr.'s . We will see what I have then. Best thing I ever bought ,was probably enough land to grow my own food .
Uriel999
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I bought. in last night and again today. First time I have bought in over 4 years. Silver is back into the realm of affordable for the average joe like me again so I am buying again. Turned out to be complete luck that I found out prices have gotten so good. I am satisfied with my purchases.
helmuth_hubener
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Just ask yourself: why am I buying and holding gold and silver, and does it serve the purpose well?
One thing that gold does well is serve as a hedge against inflation. If you are buying and holding it for that purpose, it should serve you well. And as long as it still serves that purpose, it's a good thing to have, whether it goes up or down.
Another unique quality about gold is it's one of the only investment assets you can own that isn't, in the end, someone else's obligation (this is true of silver as well).
Gold is also extremely powerfully volatile, and furthermore it is extremely un-correlated to either stock or bonds. These are very valuable qualities.
There aren't "good" assets and "bad" assets. There are assets that serve one purpose, and then there are assets that serve another. There are assets that behave one way and assets that behave another.
One thing that gold does well is serve as a hedge against inflation. If you are buying and holding it for that purpose, it should serve you well. And as long as it still serves that purpose, it's a good thing to have, whether it goes up or down.
Another unique quality about gold is it's one of the only investment assets you can own that isn't, in the end, someone else's obligation (this is true of silver as well).
Gold is also extremely powerfully volatile, and furthermore it is extremely un-correlated to either stock or bonds. These are very valuable qualities.
There aren't "good" assets and "bad" assets. There are assets that serve one purpose, and then there are assets that serve another. There are assets that behave one way and assets that behave another.
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Deflation time?
osan
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Unless you have special information, you are not likely to ever know where the bottom will be. There are, as always, all manner of manipulations afoot. Perhaps this will be another shearing by taking the bottom out of the market and plucking those who panic. I doubt it is organic in nature. How could it be when we have pumped endless $$ into the global economy yet have not seen even strong inflation, much less that of the runaway variety? That in itself should be a telltale to one and all that none of this is "natural". There is some serious skullduggery afoot; to what end, I doubt we will ever be able to say for certain, except perhaps well after-the-fact.
osan
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My opinion: if you buy silver and other PMs as investments, you are buying for the wrong reason. If you are buying as a store of value, assuming the standard rules, you are buying for the wrong reason.
I have bought silver for only two reasons - the correct and rational ones. Firstly, as raw material for my silversmith work. Secondly, as a store of value for when the standard rules have gone the way of the dodo. If the SHTF to the point silver and gold no longer matter, then you will be counting yourself fortunate to find yourself able to continue your life in five- to ten-minute chunks. To be honest, if life goes that far sideways I am not sure I would want to survive it unless there was definite light at the end of the tunnel. But if things go squirrelly to a "reasonable" limit to where $$ are worthless but life is going on otherwise, then silver and gold will almost certainly reclaim their titles as the soundest of monies.
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