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darsemnos
Penny Sorter Member
96 Posts |
 Posted - 07/18/2010 : 00:58:18
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Or is there no price at which you would stop?
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Spikeanator6982
Penny Sorter Member
USA
99 Posts |
Posted - 07/18/2010 : 01:13:24
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| I will stop when I believe it won't go any higher, at this time..I think it still has room to move up. |
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jtlee321
Penny Pincher Member
USA
136 Posts |
Posted - 07/18/2010 : 01:20:18
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| I don't think I will ever stop buying silver. As long as I continue to buy it for less than spot. I know I will never stop buying it at banks, that's for sure. |
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Sheikh_yer_BuTay
Penny Pincher Member
USA
232 Posts |
Posted - 07/18/2010 : 01:44:54
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| I don't know. We are a long way from my "don't buy silver" number. Factoring in inflation... what would the price of $50.00 silver in 1980 be today? |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 07/18/2010 : 02:30:42
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but 1980 wasn't sustained. So I don't know that you can fully depend on it as a marker, even when accounting for inflation.
I will stop buying at the price that is not supported by the 200 day moving average.
Do you know the 200 day moving average is right now the highest it has been(at least for the last 10 years). |
"May your percentages ever increase!" |
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darsemnos
Penny Sorter Member
96 Posts |
Posted - 07/18/2010 : 02:46:29
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quote:
Originally posted by wolvesdad
but 1980 wasn't sustained. So I don't know that you can fully depend on it as a marker, even when accounting for inflation.
I will stop buying at the price that is not supported by the 200 day moving average.
Do you know the 200 day moving average is right now the highest it has been(at least for the last 10 years).
What is the significance of being above the 200 day moving average, and of that average being at the highest of the last 10 years? |
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Sheikh_yer_BuTay
Penny Pincher Member
USA
232 Posts |
Posted - 07/18/2010 : 11:26:07
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quote:
Originally posted by wolvesdad
but 1980 wasn't sustained. So I don't know that you can fully depend on it as a marker, even when accounting for inflation.
I will stop buying at the price that is not supported by the 200 day moving average.
Do you know the 200 day moving average is right now the highest it has been(at least for the last 10 years).
You have some good points.
When I look at the fundamentals of silver, and listen to the gurus talk about it, I do get excited. Too excited, maybe.
All investments are nothing more than gambles. No one knows for sure what tomorrow will bring. Given the uncertainty of our economy right now, I prefer hard asset tangibles to paper based intangibles. PM's, agricultural cropland, and heavy equipment are for me.
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 07/18/2010 : 13:06:13
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quote:
Originally posted by darsemnos
quote:
Originally posted by wolvesdad
but 1980 wasn't sustained. So I don't know that you can fully depend on it as a marker, even when accounting for inflation.
I will stop buying at the price that is not supported by the 200 day moving average.
Do you know the 200 day moving average is right now the highest it has been(at least for the last 10 years).
What is the significance of being above the 200 day moving average, and of that average being at the highest of the last 10 years?
The 200 day and 50 day are tools used by traders to make informed decisions for entry and exit points. If the 50 moves sharply above the 200, you might want to take profits, if it drops below the 200 by a considerable basis, it could be a good time to buy. I do not consider the fact that the 200 is historically high to be anything other than reflective of inflation. 
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Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
Edited by - beauanderos on 07/18/2010 13:07:10 |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 07/18/2010 : 13:12:11
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quote:
Originally posted by darsemnos
Or is there no price at which you would stop?
Do you have enough? Can you sleep at night, knowing that no matter what happens to the purchasing power of the dollar you could convert a small amount of tangible real money back to currency and take care of your needs? Do you have your bills paid? Do you have a three to six month emergency fund? No matter the price, you need to have a sufficient component of your holdings be in the form of closely held physical metal to answer these questions. Unless you are pressed for time, why don't you search CWR's/BWR's more aggressively? Or just buy what is affordable on significant dips and hold for the long term? |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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At what price would you STOP buying silver?
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