silver
- Thread starter DanielQ
- Start date
^^ this. Noone is buying precious metals. They are not really going up in price, rather all the currencies are dropping because of central banks printing money non-stop.
I think the bubble in precious metals will happen when everyone starts buying them like crazy and the price of gold will surge to like 10k or something crazy like that.
Well I would argue that just because something has shot up in value doesn't mean its in a bubble. Both tech and housing bubbles happened after massive borrowing and leveraging by seemingly just about everyone. Like cheesewhiz said, I don't know too many people heavy in silver. For that matter, I don't know too many people who took out a home equity loan to buy gold either.
Gold is not coming down until interest rates are raised.
I would suggest ever one that Gold has reached it's maximum and we can invest on silver still there is further improvement in prices.
In, India people can directly buy gold and silver in any local jewelery shop or even people can buy gold and silver from any bank.
In, India people can directly buy gold and silver in any local jewelery shop or even people can buy gold and silver from any bank.
If you can afford it, buy it.. Even if it goes down, it will come back.. I still have gold from when it was $320 and silver when it was $6 or $7.. I have a simple philosophy, when markets and metals are high, buy.. when they are down, buy more.. You don't win or lose till you sell anyway, so why not buy now if you can afford it??
Like I said, if it goes up, you can sell and take your earnings.. If it goes down you can hold it till it recovers are you actually "need" the cash.. Just make sure you can afford what you buy and you can afford to ride the long term markets.. It's the day traders and in and out guys that tend to lose the most..
Like I said, if it goes up, you can sell and take your earnings.. If it goes down you can hold it till it recovers are you actually "need" the cash.. Just make sure you can afford what you buy and you can afford to ride the long term markets.. It's the day traders and in and out guys that tend to lose the most..
I just bought some, part of me thinks its too high, but fuck it. Like others have said its a long term play. Got a sweet deal too, I think anyway, +$.55 per oz over spot for a 100 oz JM bar, and +$1.25 for a 10 oz JM bar. At least I think its a sweet deal from my shopping around, this is my first real purchase, so who knows for sure.
It's an awesome investment too in that it's alot different than your typcial stock investment, you can actually physically put your hands on these. They are cool as hell looking too, the epitome of money. Alot cooler than looking at some numbers on your online trading account. I think my next buy is gonna be a bunch of coins and I'll store em in a little chest or some shit. One Eyed-Willie style.
Now I just gotta decide where to store these fuckers.
It's an awesome investment too in that it's alot different than your typcial stock investment, you can actually physically put your hands on these. They are cool as hell looking too, the epitome of money. Alot cooler than looking at some numbers on your online trading account. I think my next buy is gonna be a bunch of coins and I'll store em in a little chest or some shit. One Eyed-Willie style.
Now I just gotta decide where to store these fuckers.
