So where are we now?...

[watchesandwhisky]

I know this has been done a million times before, but I found it interesting how closely silver has followed the bubble chart using all time data. Looks like 2008 was the bear trap, 2012 the bull trap, and we may be about to enter the despair stage? I know there is many other factors like inflation, and that it may not play out exactly to the bubble chart , but $8 silver is looking possible.

 

 

[silversword]

Pete's been in the despair stage for a while, Craig12 is about to fall in by the look of it.

[Stretch]

No I think we're at the fear stage as stackers are realising it's a long way down and possibly for a wee while and are thinking about how much they've already spent.

I'm pretty sure though that those that hold true to their stacking beliefs will be richly rewarded in the end.

[Keithoil]

No I think we're at the fear stage as stackers are realising it's a long way down and possibly for a wee while and are thinking about how much they've already spent.

I'm pretty sure though that those that hold true to their stacking beliefs will be richly rewarded in the end.

I agree totally with you Stretch, some people will be doubting they have made the right decision.

 

All I a can say is hang in there and you will come through smelling of roses.

 

It will take some time but just hang in there.

[watchesandwhisky]

Going Simply by numbers we are well below the fear stage, that would have been around £21/20 per ounce even if the sentiment wasn't fear at the time, I'm thinking lower end or capitulation.

 

This is certainly fear in sentiment though, Trying times for a stacker!

[craig12]

need another coffee jar or some carpet offcuts to sell

[craig12]

using a gradual line on the bbp site from 1970  you end up at around £8.75 ish

[Kman]

Trying times for a stacker!

 

This isn't directed at you mad, just at stackers in general. 

 

I think people should only put money into physical precious metals (especially silver that's not going to have any numismatic value) if they never plan on having to touch it again

 

If that's what people have done, the spot price being low is great, they have no need to sell and can pick up more oz for their money 

 

But If people have put money that they're going to need to sell at some point in the foreseeable future, you may have messed up, but you should of known it's a gamble

 

As a stacker If you're thinking long term prices are brilliant currently, if you thought short term then you were indeed short sighted.  

 

Just my opinion of course. 

[watchesandwhisky]

I think that's a very valid point Kman, And I am the first to admit I really have to much of my savings tied up in PMs, I also put too much of spare cash into it too..But I am confident I wont need to sell any to live so I feel ok with it. 

 

The only time I sell is to trade into something else, like selling numismatic stuff to reinvest into bullion..or long term into a completely different asset.

[Stretch]

I also have put a bit too much into PM's, I'm kinda over exposed to gold and have run my emergency cash levels pretty low. However in the current economic circumstances I'm stacking for when I retire which is a couple of decades away.

But if the likes of Mike Maloney are correct we're gonna need our stacks this decade possibly as the monetary system changes.

[BaldyBob]

If you believe the price is being forced down, then it stands to reason it will be driven despairingly low before things pop.

After that will the historical price chart apply? It will hopefully only be driven by physical supply and demand in the future. We can only hope.

[Pete]

Pete's been in the despair stage for a while, Craig12 is about to fall in by the look of it.

 

You are correct my friend !

I was just checking STG and thinking of adding a few kilo coins averaging just over £12 per oz, took at look at my inventory of kilo ones, bought at bargain prices at the time, only to realise they were now worth less than half cost.

 

I am well below despair.

I am at the level where anaesthetic kicks in and you cannot feel the pain anymore.

Actually I am quite relaxed and glad to be alive after a health scare so silver doesn't matter right now.

[TerryGriffiths]

I am happily stacking for the next 15-20 years.

 

Its important that you diversify your assets.

 

You can also see this as an opportunity to buy cheap and sell coins on ebay, forums etc. Maybe generate a small profit (if possible) to buy more.

 

I hear stories of people going "All in" in 2011.

 

Key is to spread assets, diversify and understand what you are getting into.

 

I know many of you do but its clear the odd individual on this forum doesnt.

[Ares]

I'm always amused at the fact that we are currently 315 registered members and only 20 or so writing... It would be great if more people share their thoughts....because if not, we are all the same folks always saying the same things and reassuring our premises! A little off topic but this thread made me realise that!

 

Thing is with PMs, broadly speaking the same types of people go into it and generally have similar outlooks as to the 'why'.

 

Myself, i'm away from my stack, back at university with dissertations/job applications & a drop in disposable income. I've got other priorities which put PMs on the back burner for the time being.

[coppernut]

As some of you may know, im completely new ..to the stack

and to PM's in general.

 

Ive started now and to be honest, i feel, probably a little on the late side?

I know from reading many of the threads there are a number of members who have invested a LOT of money in PM's

only to see this investment seem like its lost 'money'?

 

But don't forget it only seems that way IF you were to sell right NOW..!

 

Someone on one of the other threads, stated

'' If i don't benefit from my PM's , then my children will''  (this would apply to me)

'' Just look as it, as though you were putting X amount into a pension''  (again this would apply to me)

 

So, i am looking at it for Long term,? and then its up to my children to do as they wish?

 

Having said that, i have not invested £££'s yet, when i have done so i may well be panicking?

 

I hope that makes sense?

[craig12]

I am happily stacking for the next 15-20 years.

 

Its important that you diversify your assets.

 

You can also see this as an opportunity to buy cheap and sell coins on ebay, forums etc. Maybe generate a small profit (if possible) to buy more.

 

I hear stories of people going "All in" in 2011.

 

Key is to spread assets, diversify and understand what you are getting into.

 

I know many of you do but its clear the odd individual on this forum doesnt.

ill ignore that son

[johnno]

I think, in general that everyone who gets into pms knows it's a educated gamble it's just about who has got the balls to stick with it during the low points. I've only been stacking for a year so I've never paid as much per ounce as others who have been doing it for longer so it's a bit easier for me to see price drop. Plus we moan if it goes up and moan if it goes down, we are not easily pleased lol

Sent from my HTC Desire 610 using Tapatalk

[silversword]

ill ignore that son

 

Business as usual then 

[craig12]

Business as usual then 

whatever if you say so

[Carpe Diem]

As some of you may know, im completely new ..to the stack

and to PM's in general.

 

Ive started now and to be honest, i feel, probably a little on the late side?

I know from reading many of the threads there are a number of members who have invested a LOT of money in PM's

only to see this investment seem like its lost 'money'?

 

But don't forget it only seems that way IF you were to sell right NOW..!

 

Someone on one of the other threads, stated

'' If i don't benefit from my PM's , then my children will''  (this would apply to me)

'' Just look as it, as though you were putting X amount into a pension''  (again this would apply to me)

 

So, i am looking at it for Long term,? and then its up to my children to do as they wish?

 

Having said that, i have not invested £££'s yet, when i have done so i may well be panicking?

 

I hope that makes sense?

 

Looking at the price of 1oz coins on the ... yes here it comes again... STG website I'd say you jumped aboard at a pretty good time when compared with previous years.

 

Also I'd advise that you do not invested your £££'s until you answer some of the questions you asked, because until you understand fully your reasons for getting involved then you're risking endless sleepless nights if we drop much further and stay there for a decade.  I'm just detecting quite a lot of uncertainty from your post that's all.  

[craig12]

id like to know what happens when the stock market bubbles go belly up            and thats not far away as the footsie is creeping up to 6600

and they quote immigrants contribute more in than out 

reyyyyyyyyyyyt

i dont think so me cameron

[craig12]

reeeeeeeyt is sheffield for right   simples    ola 

[Danny-boy]

Type as you speak, awesome.

[silversword]

I must improve my English reading skills... sometimes I don't understand a word!

Your English is fine my friend

[craig12]

Your English is fine my friend

its the north east there a bit wierd up near cleveland yarm