Just wish I'd bought some silver...!
- Thread starter Skeptic
- Start date
Indeed.Hindsight is a wonderful thing.
You can't worry about what might have been. If you had bought some silver you may well have sold it in July when it started to dip. A few weeks later and you'd be watching silver prices climb to new heights.
you can get it for less if you shop around. remember ebay has a 10% on the price to cover ebay costs
you can get an ounce for £34 or so if you shop around
So with 22 hours to go it'll be interesting to see what it goes for. Could be a good for a short term investment.
what you talking about, go and look at the charts and see that it has been way above that price for a long time now
its over $40 an ounce at the moment.
some say it will hit $100 an ounce in the next few years
you got cash in the bank, how much interest you getting?
$40.69 + 20% VAT.
Remember also that, unless you are selling to other investors, when it comes to sell, businesses won't pay you the VAT price.
edit: applicable only to coins and bullions.
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This is the very definition of a bubble. Not concerned with the real return of assets but the potential of an abnormally large capital gain (see housing market).
http://en.wikipedia.org/wiki/Stock_market_bubble#Positive_feedback
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Interesting advice Wells Fargo are giving to their private clients.
http://blogs.barrons.com/focusonfun...gold-silver-wells-fargo-warns-of-gold-bubble/
http://blogs.barrons.com/focusonfun...gold-silver-wells-fargo-warns-of-gold-bubble/
i'd be inclined to agree if silver is used in a lot of electronics and china is buying loads.
is this the case? china seems to be needing a lot of the worlds rare metals recently from the odd report ive glanced at
here:
a lot of people made a lot of money in the housing market duing the "bubble" !
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Of course, but bubbles aren't long term investments like you are suggesting. You have to know the top and bottom. It is driven by expectations of a price rise and the probability of a an event/signal which collapses the market. Even the smartest minds in the world would find this impossible to predict. Those that are the quickest, might be able to respond quickly to the signal, while those that got out before are just lucky.
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that depends when you buy and when you sell
overall, i dont think silver is a bubble like the housing market, i think its value is due to rise over time, making it a long term investment
i was just pointing out that even if you assume its a bubble, there is still money to be made
Soldato
- Joined
- 19 Oct 2008
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No, I have my cash elsewhere earning up to 10%.
'some say' is the reason many lose money
. SHeep mentality also, people then arrive too late for the party Yes it has been up for a while now but doesn't mean it's going to stay there. Maybe remember this thread. In a few years time I think silver is much more likely to be around $10 than it is to be at $100. Sure, it may peak higher than it is now in the relatively short term, but IMO it won't stay there. Speculation is driving it, fear and greed. Do you remember when people kept paying more for houses, they were always going to go up weren't they ?
Silver spent 1981 - 2008 at < $10. What happened in 2008 to maybe trigger the price higher?Before 1978 or 79 you will find it was very low then too for a long period
PS, some said rockhopper was going to double when it was at £5 recently (lookup RKH.l now it's a 1/4 what some predicted it would be at)
Nobody knows for sure what anything will do. I'm advising those investing in gold and silver etc, especially with new money (ie, new to the market) to be very careful. Sometimes the best market is the one that hasn't done well for a while, the one that has a bad reputation, the one people are fearing
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Soldato
- Joined
- 27 Oct 2006
- Posts
- 7,615
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- London
The first hit off googling 'silver short' leads to this lovely article
http://www.marketoracle.co.uk/Article25628.html
As long as you don't get greedy and suckered in to trading silver intraday then you're look at a healthy profit.
Lack of experience and greed will whip you the way it whipped me on a silver trade at the end of last year. I had a big smile on my face having made thousands on the day ... decided to punt again ... went to make a cup of tea came back to find myself cleared out of £20,000 - All in the space of 15 minutes.
My heart sank and instead of saving a few thousand or putting the trade in reverse as the price collapsed, I sat there gawping at the screen watching my balance disappear .... 10k 9k 7k 5. . 3 . 1 gone
I do still trade Silver but I've made a killing on Gold ... Looking at 2k gold an ounce then I quit and start hitting shorts on silver. However I must say that silver has a lot of upside to it before the pop. $50 is a reality
http://www.marketoracle.co.uk/Article25628.html
As long as you don't get greedy and suckered in to trading silver intraday then you're look at a healthy profit.
Lack of experience and greed will whip you the way it whipped me on a silver trade at the end of last year. I had a big smile on my face having made thousands on the day ... decided to punt again ... went to make a cup of tea came back to find myself cleared out of £20,000 - All in the space of 15 minutes.
My heart sank and instead of saving a few thousand or putting the trade in reverse as the price collapsed, I sat there gawping at the screen watching my balance disappear .... 10k 9k 7k 5. . 3 . 1 gone
I do still trade Silver but I've made a killing on Gold ... Looking at 2k gold an ounce then I quit and start hitting shorts on silver. However I must say that silver has a lot of upside to it before the pop. $50 is a reality
Soldato
- Joined
- 27 Oct 2006
- Posts
- 7,615
- Location
- London
rofl @beamer ... true true
Can you remember the name of the banker who quoted that - It's bugging me now :/
Can you remember the name of the banker who quoted that - It's bugging me now :/
SHeep mentality also, people then arrive too late for the party
Nobody knows for sure what anything will do. I'm advising those investing in gold and silver etc, especially with new money (ie, new to the market) to be very careful. Sometimes the best market is the one that hasn't done well for a while, the one that has a bad reputation, the one people are fearing
tell that to people that said Gold was at 700$ an ounce, then went up to $1100/oz.. people said your mad to buy now, its at the top blah blah..
now its at $1850 an ounce.
how you get to you $10 an ounce figure i have no idea but it goes against "industry experts" that all say that silver is hugely undervalued at the moment
of course it can drop, of course there are other markets to find "that havnt done well for a while" and i wouldnt advise anyone to sink their last pennies in to it
but if you have cash to invest silver should be a part of your portfolio, imo (and it is just my opinion, anyone thinking of investing should do their own research)
yes, the come in bars and coins
here is an example
http://www.bullionbypost.co.uk/silver-coins/
This is a mini version of why the world is in such a sick place right here on our very OCUK!!!
discussing silver makes it a sick place ?
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