Just remember one thing: A buying opportunity consists of a “sale” which you can take advantage of, and, a subsequent condition in which the value of the item bought rises in value.
Will #2 happen? It may.
I own plenty of PMs but I could not be more neutral on them (opinion) I have endured mucho heat telling people silver would decline to 15-18.
I hear plenty of people claim that silver costs > $20 to extract from the ground, and I have to disabuse people of this. Silver costs NOTHING to pull out of the ground! There is no such thing as a silver mine. All silver comes about as a byproduct of zinc and tin (and other base-metals) mining. Yes, it costs money to assay, melt, and ingotize a chunk or strike an ASE. Not $20. Probably not even $10 and maybe not even $5.
Just sayin’. Not intending to rain on anyone’s parade. But I have traded silver for a very long time. And I don’t claim to know anything more than anyone else; but the amount of disinformation, or, information that nobody can really say is true, or information that could change by a lot tomorrow or next week; that the Chinese are buying everything in sight or JP Morgan wants to take over the world...is BS, IMHO.
The bullion companies keep pushing gold on their TV ads ‘cause `India & China are buying it all up’. Hmm......
There’s always peace dollars out there & Morgan cartwheels plus bags of junk silver. Much more fungible than gold for buy or barter, IMO.
The crash in gold & silver has to be a good sign, isn’t it? Maybe our growing energy independence in spite of Obama has something to do with that, too.
Yes. Sounds right to me.