Posted on 07/03/2016 5:17:28 PM PDT by chopperman
And Hong Kong hasn't even opened yet.
I have no confidence in our dollar...or any other currency, other than that which is tangible for a use in lieu of a currency.
In other words, the profit from dumping a silver hoard purchased at 14$, will go toward another item, as in, oh, I don't know, ammunition, long-term foodstuffs, more guns?
It is the reason I purchased at 14$, with the full intent of later selling for a profit.
Had I known it was going to drop to 12$, I would have waited for that, but the market is not predictable enough.
I was lucky...I was able to invest and now, providing there is enough spec going on, I will profit.
You don't think I'm going to hold on to it and make jewelry with it, do you?
Why? I’m not sure I’m willing to get rid of mine.
We are so screwed.
Silver has a lot more room to improve given it is undervalued by its historical correlation to gold.
For me, silver is and always has been, an investment to move me along to other things.
It does require a certain amount of luck and being in the right place at the right time.
I’m not sure I’m willing to get rid of mine.
Depends on what you bought it at and how long you've held it, and how strongly you trust your "sell" instinct.
If you bought at 14$ and you're scared to sell at 30$...because you don't want the regret of watching it go higher...then you should be in something else.
I bought a bunch at 14$...and I won't be scared in the least to let it go at 30$ or so, and won't feel a damned thing if it continues to climb.
You've got to pick a point and stay with it.
I personally do not think it will go above 23$...not now...maybe in the spring, especially if the Hildebeest is elected.
If it scares enough people to start dumping at 20$, I'll buy again.
If not, I can wait.
I bought it at $15 in 2012; but I wasn’t planning to sell anytime soon.
The central banks have gone to unprecedented lengths to keep things relatively stable. Further than most of us anticipated. But a reset is inevitable.
https://www.youtube.com/watch?v=bru-n7jFbFA
Stay employed. Move out of paper investments.
I see silver at $60 before Christmas and don’t expect to ever see it at $15 again.
But I was wrong once...
bump
I wish this guy would have asked me...
Here is a year old video where silver cant even be sold for $1/oz on to the average man on the street...
https://www.youtube.com/watch?v=RJm3cRRvPoM
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