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Posted: 12/17/2016 1:54:37 AM EDT
[#1]
Nobody knows. Figure out how much of your wealth you want to keep in silver and DCA your way there. Silver isn't an investment like your 401k. Its an insurance policy with a tendency to become a hobby. And within that hobby you will find that some silver always goes up in price regardless of spot. So while the conventional investment advice people shit all over this thread, just remember that silver can be more than a commodity if you put the leg work in. And spare the whining. That research takes less time than researching any company on the nyse.
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Posted: 12/17/2016 1:59:02 AM EDT
[#2]
Quote HistoryQuoted:
Nobody knows. Figure out how much of your wealth you want to keep in silver and DCA your way there. Silver isn't an investment like your 401k. Its an insurance policy with a tendency to become a hobby. And within that hobby you will find that some silver always goes up in price regardless of spot. So while the conventional investment advice people shit all over this thread, just remember that silver can be more than a commodity if you put the leg work in. And spare the whining. That research takes less time than researching any company on the nyse. It's my (simplistic) understanding that as the stock market rises, precious metals fall. When stocks look like a good bet people buy stocks and sell precious metals, and when the stock market looks like a bad bet people sell stocks and buy precious metals. What I am wonder is, if I buy silver now at, whatever it is, $16.75, then am I going to be kicking myself in 3 months when Trump gets the 15% corporate tax rate and silver drops to $5? How likely is something like that? |
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Posted: 12/17/2016 2:08:37 AM EDT
[#3]
I'm not going to buy until it's below $10/oz. Which I believe will happen in the next two years.
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Posted: 12/17/2016 2:10:39 AM EDT
[#4]
As stated, nobody knows. My suspicion is that silver will drop further.
If one wants to invest in a precious metal these days, I recommend looking at palladium. Of course, it is not well suited to the small scale style of investing that works well for silver. But, it is used in catalytic converters, so, as the economy improves, and vehicle production jumps, palladium should move up in price. But, nobody knows for sure. |
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Posted: 12/17/2016 2:17:34 AM EDT
[#5]
Buy some now, buy some later. Average out your purchases over x amount of time. |
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Posted: 12/17/2016 2:21:44 AM EDT
[#6]
silver will drop further vs USD as euro fails and they escape to USD. once all the eggs are in one basket thats the time to buy
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Posted: 12/17/2016 2:22:59 AM EDT
[#7]
Quote HistoryQuoted:
It's my (simplistic) understanding that as the stock market rises, precious metals fall. When stocks look like a good bet people buy stocks and sell precious metals, and when the stock market looks like a bad bet people sell stocks and buy precious metals. What I am wonder is, if I buy silver now at, whatever it is, $16.75, then am I going to be kicking myself in 3 months when Trump gets the 15% corporate tax rate and silver drops to $5? How likely is something like that? Its more complicated than that. And none of us will ever know. I say if you want to start buying PMs, make a plan and stick to it. The spot price is irrelevant until you decide to sell. For me thats if I make a shitload of money, or when I crown myself King Shitlord of the wasteland. Worst case- my kids inherent it all. I don't really see a downside to buying metals if done with a plan. |
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Posted: 12/17/2016 2:25:04 AM EDT
[#8]
As soon as the market starts to pull back, the price of silver will start to come back up. Who knows when that will be though.
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Posted: 12/17/2016 2:48:44 AM EDT
[#9]
It has quite some distance to fall.
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Posted: 12/17/2016 2:57:09 AM EDT
[#10]
PMs typically fall when interest rates rise. There's an opportunity cost to holding PMs--if you've got $10K in gold or silver, that's $10K that's not earning interest somewhere. That's not a big deal if interest rates are zero, but if they're at 3%, then that's $300 per year you're giving up by holding PMs instead of putting it in an interest-bearing account. That tends to drive down the price. You'll notice that interest rates have been going up lately. The 10-year rate has gone up from about 1.4% last summer to about 2.6% now.
There are exceptions if things are so bad that fear drives people to hold real assets instead of financial instruments. |
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Posted: 12/17/2016 3:02:53 AM EDT
[#11]
Quote HistoryQuoted:
I'm not going to buy until it's below $10/oz. Which I believe will happen in the next two years. $8 Is my bench mark. More than that it's an expensive paper weight. |
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Posted: 12/17/2016 3:19:42 AM EDT
[#12]
Would love to see it hit $5/oz
Would start buying like crazy |
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Posted: 12/17/2016 4:08:21 AM EDT
[#13]
As silver is an industrial metal, there is some floor to the price.
I'll be shocked if we see spot drop below 10, because our paper dollars just aren't worth what they used to be. |
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