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Silvers Down, Dows up, HELP

Ok, silver keeps sinking and the Dow is up 400 points today. When is this going to end? I ordered silver several weeks ago just before its peak. Has anyone else done this? Is the end in sight? It is the end of the quarter so it should start going up, shouldn't it?



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Silver availability is very tight

There were 4-6 weeks delivery times BEFORE today's drop (and you will pay a hefty premium on top of spot price). This makes a lot of sense, right? A product is in tight supply. Little or no product available for immediate delivery...and the price goes DOWN? What happened? The market has been manipulated by the selling of 'paper' silver into the market. Physical silver is cheap, but you can't get any - kinda like bread and toilet paper in the old Soviet Union. If you bought silver recently, you bought in an up market, and will have to wait for the price to rise after their engineered 'correction'. If you are holding the real thing, don't let them shake it out of you. If you bought paper - well, you're still better off than the guys in the old Soviet Union (you can use it for SOMETHING).

Decide what you want to do

If you want to trade then you must go through significant training. It is profession not a hobby.

If you are along term investor, research and "index" your buys.

Buy it low and on the way up.

You need to research and become knowledgable in markets. Then you won't need to post here. You will be studying Kitco all day long. That is where you belong.

Unify

I hope you bought silver when you had the chance...

Silver eagles are in shortage right now so if you bought any then you did all you could.
Don't look at silver each day otherwise you'll go crazy and do something stupid. Silver may reach as low as $15 but no one will have them to sell to you so stop worrying about "wasting" money.

Silver usually goes down in the summer and up in the fall so give it some time.

quit being short sighted

You dont buy metals for appreciation. You buy them as a hedge. Anyone who buys Silver or Gold as an investment is crazy unless they are buying them at some kind of historic low, with money they can literally throw away.

If you bought silver or gold, think of it as rice or beans in case the economy collapses. Are you going to freak out if the price of corn drops when you have 200 lbs of it in the pantry?

Umm..

... silver going down is a GOOD thing. Go buy more for less!

;)

Thanks for the comments

Thanks, guys. We have invested in a wide range of investments; putting more in international stocks with EuroPac, but I just bought a monster box of silver and am choking a little because I bought it just before the peak. I convinced my husband it was a good idea and he has a hard time with short-term thinking. So he stressed me out even though I tell him we are in for the long haul. Of course I sure wish I were smarter and had waited. I could have saved $1400! I did watch the Rich Dad video. That is what convinced me, along with what I have heard here and read with Peter Schiff, that silver was a good deal to get. So, you win some and you lose some. It is a hedge and safety net but also part of our future. It sure is a roller coaster ride.

Healthnut4freedom

"Trust in the Lord with all thine heart; and lean not unto thine own understanding. In all thy ways acknowledge Him, and He shall direct thy paths." Proverbs 3:5,6

Healthnut4freedom

The lip of truth shall be established forever: but a lying tongue is but for a moment...Lying lips are abomination to the LORD: but they that deal truly are His delight. Prov 12:19,22

No you did the right thing.

No you did the right thing. No matter what the "paper" says you have something of value. Actually I'm envious, I've only got a 100 ounces here... hehe.

Puppets come and puppets go but the world's stage is getting cluttered.

You haven't "lost" anything.

You've traded bad money for good.

________________

Good luck to us all,

Lisa C.

www.women4ronpaul.com

Ron Paul "Sign Wave Across the USA" -- November 5th!

If a world wide depression hits

what do you think will happen to silver and gold. Some are from the theory that there will be less people able to afford gold and silver.

HEALTHNUT.......please go to

HEALTHNUT.......please go to www.investmentrarities.com
please read ted butlers article today.. it will explain everything!

as for me and my home, we shall worship the LORD

PLEASE READ

Silver and Gold are not investments. They are a hedge against uncertainty. I wrote about this a few weeks ago. Of course these things won't go up in a straight line. This is a pullback. I wrote that I expected a pullback to around $845 for gold and $14 for silver. The dollar is rallying because the M1 is flat or slightly declining. The silver/gold is a long term buy and hold. This is something that you pass down to your kids and grandkids for very hard times if they come. If you buy and hold you may shortly make a LOT of profit--esp in silver. But don't think of it as an investment. Its true savings.

Invest in business-especially your OWN. Invest in CASH FLOW. It matters not what the money masters do if YOU have a reliable small business that people need and are frugal with good cash flow. Build up capital and wait until the housing market crashes fully and then BUY when everyone else wants to sell. This stuff is so easy once you understand it. I don't want to brag, but, when gold and silver were plague in investment circle I was buying. Got silver under $6 then. THINK, do NOT follow the crowd. Certainly don't follow the MSM investment advice.

A quick easy primer on these subjects are the Rich Dad series of book. They have an online site as well. And NO, I'm not affiliated with them in any way. I read their stuff a very long time ago. Sorry or the long post, but we Ron Paul types must hang together or we will surely hang separately.

here's the Rich Dad that weatherdoc was talking about...

http://www.youtube.com/watch?v=FOKn7tiUMyc

this is well worth the watch. i watched it earlier today and want to buy about 300 more oz of silver even though i'm down $600 in the short. i'm not discouraged at all.

No matter who you vote for, the government always gets in - Bill Hicks

Nice post.

________________

Good luck to us all,

Lisa C.

www.women4ronpaul.com

Ron Paul "Sign Wave Across the USA" -- November 5th!

Relax

Gold and silver are down right now for several reasons. For some God unknown reason Wallstreet thinks that all of the country's financial problems are gone so they are all jumping back into the stockmarket and selling off their gold and silver stocks. This really is insane because nothing has changed with the economy except that it is getting worse and will continue to do so.

I agree with Dr Paul and firmly believe that the dollar will collapse and it will happen soon because the actions by the Fed is accelerating it. Oil is up and with a country that has the majority of its goods shipped by truck, EVERYTHING will go up. People are losing their homes, jobs and buying ability. It's just a matter of time and I personally am going to buy more silver because silver is a precious metal that is being used for technology and industry and silver is becoming rarer and rarer.

I feel secure holding silver and I won't feel bad for one second when the idiotic investers jumping into an already overinflated stock market lose their money when the doodoo hits the fan. I will feel sorry though for the millions of Americans that have their IRA's in stocks because most don't have any clue as to what is going on in the market. They will be the victims not the banks, mortgage companies and large corporations because the Fed is bailing them out instead of the Americans that really need the help.

Okay...

i got slammed when I posted a thread that my husband said to invest in diamonds..he said the price of gold and silver would come down shortly..Diamonds (especially colored ones) never decrease in value.

And yes...I saw Blood Diamonds...and they're tripping over diamonds on the ground in Africa...but guess what? You're not in Africa...So hunt estate sales or reputable jewelers who purchase from estates...

This is not an attempt to slap anyone down...Just to let all know that the BEST plan is to diversify...

There are tons of things out there you can invest in if you want to make a profit...just think Rare...

A 1916-D silver dime may cost you a chunk right now...but guess what? it's a rare coin and the price never goes down, it will only increase in value...

In 2000 I invested in an authentic autograph collection..the apex being an original Bruce Lee autograph...the others included other deceased names like Jim Henson etc....Things like that will only go up as there are only so many in the world and Bruce Lee isn't signing anymore.

So gold and silver are not the only ways to invest money....use your imagination!

When you're freezing in your house with no fuel

your burn the furniture. When you run out of other paper to start your fire you start tearing pages out of your books. Values change during hard times.

New Hampshire and Ecuador.

Everyone must find their way.

I don't agree with your post but I will fight to the death your right to post it.

The problem as I see it kat, is that your autograph collection depends on two things: (1) someone must know about autographs in order to pay you the big bucks for them (few and far between), (2) you are most likely going to have to sell your autograph collection for federal reserve notes.

I agree that diamonds can make a good investment. But the type of diamond you need to find won't be found at an estate sell. An internationally certified Argyle pink won't be found at a pawn shop in Little Rock or Cleveland or in old Mrs. Smith's estate sell.

Diversifying in the way you recommend is how the middle class invest, not the wealthy.

Rockefeller, Morgan, Branson, et al., did not diversify. They became experts.

________________

Good luck to us all,

Lisa C.

www.women4ronpaul.com

Ron Paul "Sign Wave Across the USA" -- November 5th!

hey Lisa!

I always admire your posts...very smart...But I'm really not looking to become a millionaire...if I were I would follow my grandfather's footsteps...
real estate and rare coins..

No...You may not be able to find a pink Argyle at an estate sale...but if you want to find "Old" diamonds to avoid the risk of Lab created or morally against the current atrocities in Africa...this is a possible way to go.

As far as autographs...well like all collectors..there are investors in our circle who know the value and are willing to pay...Elvis, Princess Di, Marilyn Monroe,Marx brothers, John Lennon, even newer deaths like Heath Ledger are commanding good prices..they always will...

We all have to make our way through what's coming.

You do what you need to do. It's more than most.

On diamonds -- Argyle is an Australian diamond mine. No "blood diamonds" involved.

I agree people will pay for autographs. But will they get you through possibly 10 of the hardest years economically the US has seen up to this point? Will people be buying during the coming depression?

With the devaluation of the currency, you WILL need to become a millionaire. In Zimbabwe, an egg is $2 million -- nothing can be bought for less than $500k.

I'm not trying to argue. Just help where I can.

________________

Good luck to us all,

Lisa C.

www.women4ronpaul.com

Ron Paul "Sign Wave Across the USA" -- November 5th!

The point here is not that

The point here is not that celebrity autographs, rare coins, diamonds, or almost any collectable or commodity are inherently worthless or bad investments (well, beanie babies excepted), but that gold and silver are more liquid than almost anything else, especially in a financial upheaval. You would probably have to search long and hard to find the right person to sell your rare autographs to, and in a financial crisis their value would almost certainly plummet, but gold and silver are much more widely known and recognized than rare coins or stamps, collectors' plates, etc.

Thanks akak.

For helping me make my point.
________________

Good luck to us all,

Lisa C.

www.women4ronpaul.com

Ron Paul "Sign Wave Across the USA" -- November 5th!

You're a smart lady....

I think I'll start a new thread on diversification and let people just give their input. I bet the contents of your husband's closet will come in handy in the future! (I think you have a sense of humor...joking!)

Hey!

i've been lurking outside his closet all day...but he's been watching me..(he's paranoid I'm on a cleaning spree and I might throw out something!)

My mother always said that a sense of humor and a sharp wit were the perfect guage for a sign of intelligence!

Now if I could just find something to distract this man so i can dig...

Doesn't he work outside the house?

Good time to strike!
You're hilarious!

I bought silver at about $20

So I know how you feel. I think gold and silver are long term investments. But it is nice when they go up in the short term. Some experts think the metals will go up http://www.monex.com/gvi?pageid=insightarticle&articleid=636...

DIVERSIFY DIVERSIFY

DIVERSIFY DIVERSIFY DIVERSIFY!!!
Don't put all your money in gold and silver maybe 10-20%.
Why not put some of your money in foriegn government bonds. There's a european bond etf that yields 5.5%. Your not in stocks your not in america if I find the name I'll try to post it here.
No one should put all their money in gold or silver. That's idiotic. Try some foriegn utilities, bonds, agricultural commodities, and a little gold and silver.
DIVERSIFICATION IS THE ONLY FREE LUNCH.

good advice, but

Can you give some specifics? What european bond (etf)?...are you going through europac.net? What if you don't have alot of money? (a few thousand to invest)?

High trading fee

I spoke to a broker at Europac and he quoted me 3 1/2% fee per trade. That seemed really high to me but maybe to others it isn't.

Guess I'm an idiot.

You go ahead and "di-worsify".

J.P. Morgan and Nelson Rockefeller didn't diversify. Guess they're idiots too.

________________

Good luck to us all,

Lisa C.

www.women4ronpaul.com

Ron Paul "Sign Wave Across the USA" -- November 5th!

Republicae's picture

I fully expect silver to

I fully expect silver to test the $30 dollar mark, then retreat again before proceeding to much higher ground. Like gold, all commodities are inflation sensitive and believe me we are in for some kind of inflation in the very near future.

As I have said before however, if you are looking to gold or silver in terms of a Fiat return then you are looking at both in a way that will disappoint since your Fiat Currency is being debased, more and more. So, if you are looking for $1500 dollar an once gold then remember that those 1500 dollars are increasingly worthless and their purchasing power is substantially decreased.

http://militantjeffersonian.com

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun