What does the near future hold for gold (and silver)?

[jeremiahj13]

I lost a buncha money on silver. I bought product from Kitco at about $36, and now they charge about $29 for the same product

 

[Steven Douglas]

I lost a buncha money on silver. I bought product from Kitco at about $36, and now they charge about $29 for the same product

If you bought long, you lost nothing but the opportunity to have a wider margin of equity (for those purchases) had you known beforehand and waited to buy the dips. But again, if you bought long, it's only a matter of time before you would consider your silver cheap at many times the price you paid for it. If you bought short, on the other hand, thinking of it as an "investment", rather than a hedge, hoping to "flip" your silver and take some short term profits, that's another story. If you actually sold your silver at $29, then yes, you certainly did lose.

I'm all long. For the duration. I never sell, and I never stop buying. I bought at a slower pace at $45, and a more rapid pace at $26. But I never try to guess the dips and peaks. Let some other fool try that, I don't know anyone with a crystal ball, or who has inside information with COMEX or JPM, or any other factors that make PM curves hiccup and burp, climb and dive the way they do. I don't need to know that. I deal in mathematical certainties only and sure things wherever possible -- never short-term probabilities or gambles that are anyone's guess. That makes me bullish and terminally lonnnnnnng on silver.

 

[oyarde]

I never bought anything over $40 except cheap numistics ,but between 5 and 31 , and mostly , recently @ around 27 to 29 have bought heavily ...

 

[oyarde]

I lost a buncha money on silver. I bought product from Kitco at about $36, and now they charge about $29 for the same product

I have lost money on women , children , houses, stocks , govt , taxes etc, but never on coins, metals or land .....

 

[jeremiahj13]

If you bought long, you lost nothing but the opportunity to have a wider margin of equity (for those purchases) had you known beforehand and waited to buy the dips. But again, if you bought long, it's only a matter of time before you would consider your silver cheap at many times the price you paid for it. If you bought short, on the other hand, thinking of it as an "investment", rather than a hedge, hoping to "flip" your silver and take some short term profits, that's another story. If you actually sold your silver at $29, then yes, you certainly did lose.

I'm all long. For the duration. I never sell, and I never stop buying. I bought at a slower pace at $45, and a more rapid pace at $26. But I never try to guess the dips and peaks. Let some other fool try that, I don't know anyone with a crystal ball, or who has inside information with COMEX or JPM, or any other factors that make PM curves hiccup and burp, climb and dive the way they do. I don't need to know that. I deal in mathematical certainties only and sure things wherever possible -- never short-term probabilities or gambles that are anyone's guess. That makes me bullish and terminally lonnnnnnng on silver.

Yes but you only live once.. . I can't wait 60 years for it to go up either lol.
I touched my silver with my bare hands. Now I havn't looked at my silver in a while but the last time I did there was a dust-like blemish on the silver from me touching it.... Is this bad?

 

[Steven Douglas]

Yes but you only live once.. . I can't wait 60 years for it to go up either lol.
I touched my silver with my bare hands. Now I havn't looked at my silver in a while but the last time I did there was a dust-like blemish on the silver from me touching it.... Is this bad?

Nah, adds character. Awful taste, though, if you don't wash your hands.

As for waiting for silver to go up, I'm straining at all my own credulity when I anticipate five years. In truth, I don't think we have nearly that long to wait before SHTF.

 

[oyarde]

Nah, adds character. Awful taste, though, if you don't wash your hands.

As for waiting for silver to go up, I'm straining at all my own credulity when I anticipate five years. In truth, I don't think we have nearly that long to wait before SHTF.

I agree, looked to be out to 2016 -18 earlier on , but it has accelerated, looking like maybe by 2015 it could be bad .....

 

[oyarde]

I expect the near future will hold the same thing the long term future will , prices going up , that is why at $27 I was buying all I could , I wouldguess it to bethe last low ( just guessing ) . In order forit to go down , that means things would be getting better , now how would that happen ?

 

[Carson]

Can't we all just get along...

I mean let loose of the idea of gold and silver doing anything. What it does good, and I mean real good, is be what it is. It is like a rock that way.

Now the dollar that is where big changes have been happening. It could be people are wising up to the counterfeiting.


Once you hear that the stock market went up today because the value of the dollar went down we should be on the road back to a sound dollar. Something we will once again be able to bank on.

 

[Carson]

Nah, adds character. Awful taste, though, if you don't wash your hands.

As for waiting for silver to go up, I'm straining at all my own credulity when I anticipate five years. In truth, I don't think we have nearly that long to wait before SHTF.

I had some for years I never touched. I sort of wished I would have touched away.

Then again I seen some old coins go for a premium price because of the patina it had. It did look like the kind you would get from not ever touching it but where something in the atmosphere that changed it sort of like desert varnish might a rock in the desert.