Quote:
Originally Posted by DcifrThs
was going to post this also. gold down 13 points today... where's the love?
Barron
i could have posted that the dow is down 300 today in response but i would rather just add some intersting content instead of a random one liner that nobody wants to read, that provides absolutely 0 to this thread.
what does silver being down TODAY have to do with anything? Silver goes up and down and up and down... it can be an emotional rollercoaster just like the stock market... do you think they're just going to let it go straight upwards?
i dont know if you guys noticed this or not but it seems to me like silver and gold have a very high likelihood of going up on fridays and going down on mondays. if i ever have to sell, i always do it on friday- if i am adding more to my position, i almost always buy on monday. If I had to guess i would say silver goes down about 70% of the time on mondays
i'm not worried about the price at all, i rarely ever check it. this is a great time to back up the truck... who cares about short term volatility, volatility = opportunity. Do you understand that I truly hope silver goes down? This may seem counterintuitive to you since most people want their investments to go up. To be honest with you I would love the opportunity to purchase some more cheap silver. I would be truly ecstatic if silver went down to 5 dollars an ounce or 1 dollar an ounce or even 1 penny an ounce. If silver goes down to 1 penny per ounce, then we can back our entire currency with silver and have 100% silver pennies. Actually we can mint 1/10 of a cent coins that are 1/10 oz silver... that would be great.... of course there would only be enough silver in the world for each Us citizen to own less than one cent worth of silver... there just wouldnt be enough silver to go around... I'm looking at this investment 2 years out, 5 years out etc- if you check the price of real money quoted in usd every day you will go crazy-- there are a lot of days where silver is up 10% or more in a single day, and a lot of days where its down 5 or 10% in a single day-- this investment isnt for short term traders or weak hands. I believe there are a lot more up days than down days coming and i wouldnt be at all to see silver going up 30%, 50% or more in one single day...
i dont know if you guys have studied history and previous collapses, but they often occur over a relatively short period of time. IE currency losing 10-20-30% or more of its value in one single day. This is my insurance policy, its a long term investment... i dont have plans to sell more than 5% of my metals in the next 3 years, and in fact i hope to be adding significantly to my position. Once you have owned silver for a couple of years and have some large gains, a small fluctuation such as + or - 10% in a day really isnt a big deal... when you are planning on your investment going from 15 to 1500 or more in a relatively short period of time, these little blips on the radar are pretty much meaningless. Besides silver being a slam dunk anyways, there is no alternative investment that looks at all appealing. the rules of the game are going to change soon-
would you like to be in the dow bubble that probably has another 80+++% to lose in terms of silver
would you like to be in the treasury buble that has another 99+%%% to lose in terms of silver
would you like to be in the usd or some other fiat bubble which has 99%+ to lose in terms of silver?
im not saying there are absolutely 0 good stocks out there, im not saying you cant make some very profitable short term stock trades right now, I AM saying don't get caught with your pants down, there is AbSOLUTELY nO REASON AT ALL to have 100% of your assets in paper assets and also have 100% of your assets in USD denominated assets...