if silver dropped a lot what would you do

[craig12]

seriously,  if we get some more drops what would you do  , would you look at it like buying shares (bottom fishing ) they call it  buy low sell high , or would your faith have gone in the precious metal altogether ,

would you buy serious amounts, buy on your credit cards , as greg hunter would say

what say you

what if it was £11 then £10.50 then £10 then £9.50   I have stupid dreams of buying a silver coin for a tenner with vat  maybe one day

[Danny-boy]

I'd buy as much as I possibly could without leaving myself short.

I'd probably sell some of my high price collectible coins to gather funds for a sizeable purchase, and put more cash towards it.

[HelpingHands]

If its going down then its probably best it goes down slowly.

If it went down to £5 overnight I suspect the dealers would lock in a high premium.

[craig12]

good point never thought of that , would honest ones like hgm do the same

[HighlandTiger]

[HelpingHands]

I'm guessing but last year when there was a price drop many of the dealers were out of stock on most coins. Bullion by post didn't have much other than Brits.

[craig12]

had a quick flick over to e bay  there are poor soles  paying £21 on some ase,s    and on bulk buys 20 or so coins as much as £18 each with auction still not ended  ouch....

[HelpingHands]

....but as long as the dealers can replace the stock then the price shouldn't matter.

[SilverPirate]

I would buy,when i have the cash to take my average down,depends on your age really,how long before your exit plan decides how long you can wait.I am 51 will sell at good price or retirement, if still low and i don't need to sell when i am 80 god willing, then i will pass it down,but i think we will see a rise in our life time for some reason or other.

[Ares]

Buy more, why would anyone not?

[Fluttershy]

since I don`t know anywhere that does VAT free bars, I`ll probably start buying Maples, it is a game of Ounces afterall, for me anyway

[Kman]

http://youtu.be/lOiQgC8Q9Ck?t=16m5s

 

I was watching this Mike Maloney video the other day 

 

Apparently we're in a "pull back" atm

 

He talks about gold and then silver compared to home prices. 

 

So if it goes down anymore, keep buying and be thankful it's on sale (according to Mike) 

[Pete]

If you believe the fundamentals for starting to stack are unchanged then the price shouldn't matter.

Keep stacking and be thankful when prices are so low.

If however you are panicked and regret starting to stack then back off and sit tight, selling in the future to recover your investment or minimise your loss.

When you buy a new car, it depreciates rapidly - loss from day 1.

PMs shouldn't depreciate but if you paid a lot more then there is a fair chance prices will recover but maybe not for many years.

Don't gamble with too much of your fiat if you cannot afford to loose or you end up facing a fire sale.

Provided you can take the hit, see low prices as a buying opportunity.

[craig12]

if it dropps a bit next week im ordering a sunshine mint 5 oz bar  £80 all in would be good

[StackemHigh]

Laugh!

[Keithoil]

Simple buy, buy, buy, oh, and buy some more.

[silversword]

You do that anyway Keith

[HighlandTiger]

You do that anyway Keith

 

I've been seriously thinking of arranging a kidnap squad   to keep hold of keithoil while silver is down in price, just to give us all a chance of buying some silver.

 

We'll let him go when the price has risen and we've bought all the cheap stuff.    

[Fluttershy]

I`d sell it all before it dropped any furher!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Just kidding!  but you should have seen the looks on your faces

[ChrisSilver]

I would do the only logically thing and panic sell...

...that was a joke btw.

[strenue]

Lap up the low spot prices guys...  in these volatile markets, just keep buying the dips.  If you are in the game of recapitalising then you can sell some of your low premium silver during the spot rises to ammo up for the next dip. :-)

 

I know that is what I have been doing.

[CurryMuncher69]

Oh no, my main investment, that I have been putting my money in has gone down in price drastically, time to sell all my silver and use that cash to wope my bum after I have had a poo. 

I am being sarcastic, I would keep on buying baby,  I see no limits 

[StackemHigh]

...And laugh again.

[StackemHigh]

Laugh and laugh and laugh...

 

Cause i would be having a great time Buying lots and lots and lots...