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re: Anyone buying SLV?
Posted on 5/16/14 at 10:44 am to cave canem
Posted on 5/16/14 at 10:44 am to cave canem
I buy some eagles, but mostly generic bullion.
My average cost in silver that I hold is probably between $8-$10 per oz. I think I've done ok.
One time on here someone asked, a banker I think, making fun of me about how my returns were compared to the stock market.
All sorts of bar charts on the web where you can compare the S&P to silver. For purposes of reality, why don't they start at when silver was $6 per oz, which is when I started buying it.
Then use their banker logic and explain to me about the Fed, and everything little pig farmers in Iowa don't understand.
My average cost in silver that I hold is probably between $8-$10 per oz. I think I've done ok.
One time on here someone asked, a banker I think, making fun of me about how my returns were compared to the stock market.
All sorts of bar charts on the web where you can compare the S&P to silver. For purposes of reality, why don't they start at when silver was $6 per oz, which is when I started buying it.
Then use their banker logic and explain to me about the Fed, and everything little pig farmers in Iowa don't understand.
1
Posted on 5/16/14 at 11:23 am to Iowa Golfer
On that i agree 100%, I still have a bit bought below 5.00$. I sold most of it a few years ago and am slowly building back up for another run. In all truth there is no need to wait too long as the price will blow back past 30 soon enough. It is just the cheapskate in me that is holding out for lower prices. My plan is to repurchase the same dollar amount that I sold for at 48.00$ as low as I can. The next run should be the one to watch though. I just don't think we have bottomed out yet, I believe we will be at @ 17.00 by the end of the year if the economy holds which means a lot more silver for the money. Whenever this stock bubble pops get ready to hold on and enjoy your ride as spot prices will set new records in my opinion.
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