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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 12/16/2008 : 15:07:37
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Silver closed over $11.00, gold closed over $850.00 today. I have no charts to prove it but I seem to recall many a Christmas rally in the precious metals markets over the years.
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Think positive. |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 12/16/2008 : 17:46:43
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| I'm deciding if I will slow down my purchases now until after the new yr. THoughts on a small dip after the new yr? |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 12/16/2008 : 19:06:33
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| Dollar-cost averaging would be my advice, Oober. Spend a set amount on a regular basis so that at least you'll get SOMETHING for your FRNs. I'm spending about $150 every two weeks on whatever I can find within a comfortable price range, and if I can't find PMs at a price I like, I roll the extra FRNs over into buying more food and preps. I've bought silver at $18 not knowing it was going to drop, and I've bought at $10 (when I found a little bit of scrap), but the important thing IMO is to at least buy something that will be a better return long-term than holding onto FRNs. |
Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
--Latest article: Stocking up on spices to keep food preps lively
---------------
Be prepared...and prepared to help: http://www.survivalblog.com/charity.html
Are you ready spiritually for hard times? http://www.jesusfreak.com/rapture.asp |
Edited by - Nickelless on 12/16/2008 19:08:39 |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 12/16/2008 : 20:17:49
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Thanks, thats what I have been doing for awhile now, thinking about it, dont think I could go more then a few weeks without at least picking up a few dollar face of junk silver.
Monday's and Friday's are my buy days. I figure break it up to 2 times a week to DCA even more and keep building the relationship with my dealer...
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 12/17/2008 : 16:30:57
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| just checked and silver was at 11.44 and gold was at 870.00 |
Inquiring minds want to know |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 12/17/2008 : 18:22:51
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$1.50 more for Silver and I am in the black, With recent gains I am already in the black with gold. And all this is with purchasing everything after 10/1/08.
Woot I feel good about where we going!!!! |
Edited by - oober on 12/17/2008 18:23:40 |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 12/17/2008 : 18:38:56
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quote:
Originally posted by oober
$1.50 more for Silver and I am in the black, With recent gains I am already in the black with gold. And all this is with purchasing everything after 10/1/08.
Woot I feel good about where we going!!!!
Don't think of low spot prices as being in the red, just think of it as a chance to buy more if you can find it! The only way we could be in the red with PMs is if we're trying to make a fast buck, but I think most of us on here are looking very long term and not just to the end of the next quarter like Wall Street does.
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Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
--Latest article: Stocking up on spices to keep food preps lively
---------------
Be prepared...and prepared to help: http://www.survivalblog.com/charity.html
Are you ready spiritually for hard times? http://www.jesusfreak.com/rapture.asp |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 12/17/2008 : 18:53:23
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| PM price increases are a double edge sword. On one hand who doesn't want to see their investments go up? On the other hand who among us (other than Ponce Cuba) has all the silver we want or need? |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 12/17/2008 : 18:58:22
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Correct, but it makes the wife understand better :), :(.
I definitiely would like it to stay about where its at for about 6mo more, I think. I will be done for a bit with my major (well major for me) purchases, then scale back after that. |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 12/17/2008 : 19:01:02
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You know, if I DCA my searched silver in, I am in the black. Would that be cheating?
:) |
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ME CO
Penny Pincher Member
USA
199 Posts |
Posted - 12/17/2008 : 22:43:54
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quote:
Originally posted by oober
You know, if I DCA my searched silver in, I am in the black. Would that be cheating?
:)
There is no cheating. Silver is silver. I spose if ya stole it that would be cheating ha. Although getting it at FV kinda feels like stealing, especially when ya sell it. I have a dime box that I put my 40%ers in and when it gets full since there is no more room in my safe it goes to its new home. This box is going out tomarrow morn, could have stuffed in more but also needed some Christmas FRNs.
HH all, Mark
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"54/54/2280" |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 12/17/2008 : 23:10:57
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| nice! |
Inquiring minds want to know |
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n/a
deleted
9 Posts |
Posted - 12/18/2008 : 09:41:55
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| I would like to predict $1000 by Jan 15 for gold. |
WTC Coins Http://www.wtc911coins.com
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 12/18/2008 : 17:40:47
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quote:
Originally posted by ME CO
quote:
Originally posted by oober
You know, if I DCA my searched silver in, I am in the black. Would that be cheating?
:)
There is no cheating. Silver is silver. I spose if ya stole it that would be cheating ha. Although getting it at FV kinda feels like stealing, especially when ya sell it. I have a dime box that I put my 40%ers in and when it gets full since there is no more room in my safe it goes to its new home. This box is going out tomarrow morn, could have stuffed in more but also needed some Christmas FRNs.
HH all, Mark
Jealous... And I thought the roll I have found in the last 6 weeks was good.... Ugh!!!!
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n/a
deleted
84 Posts |
Posted - 12/18/2008 : 20:39:22
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quote:
Don't think of low spot prices as being in the red, just think of it as a chance to buy more if you can find it! The only way we could be in the red with PMs is if we're trying to make a fast buck, but I think most of us on here are looking very long term and not just to the end of the next quarter like Wall Street does.
exactly, I'm waiting until they dip again after Xmas when everyone sells to cover their bills, then time to hoard more |
I currently have no signature. |
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Nickelless
Administrator
USA
5580 Posts |
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Silver closed over $11, gold over $850 today
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