Silver keeps falling. When are you getting in?
Silver keeps falling. When are you getting in?
Single digits before I take any action.
Got in last time around 14-15.
It gets to 12 and I'll get some more.
How about gold?
it was like 21 not long ago
"Eventually, all things merge into one, and a river runs through it. The river was cut by the world's great flood and runs over rocks from the basement of time. On some of the rocks are timeless raindrops. Under the rocks are the words, and some of the words are theirs.
I am haunted by waters" Norman Maclean.
And $9.05 in October of 2008.
I don't know much about precious metals, but anything that goes from $9 to $46 and back to $17 within 6 years looks risky to me.
It bubbled right behind gold due to the investor/collector demand. Both were triggered by fears of inflation. The fears have calmed temporarily and prices have come down. Silver is also used in manufacturing/consumer products. I doubt it drops below 15, it seems to be dropping back down to pre-bubble prices. Another "financial diaster" and it will start climbing.
Last edited by Murray; 10-02-2014 at 03:29 PM.
Under 17 - gold was down too.
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