around the year 2000 when silver was in the $5 range, I was at a coin store looking at coins. At one point, an older lady probably into her 70s, came into the store with her grandson that was carrying a large white bucket full of silver. I don't remember all the exact details, but she ended up selling all her silver around $4-$5. The sad part about it, she mentioned that her deceased husband purchased the silver as their nest egg in the 1980s at $40 an ounce. She was visibly hurt and to this day I feel sorry for her.
my only advice to you is to stay diversified. Don't buy more than you can afford to lose and be ok with it.
$20 is a ridiculous price? it was at $4.50 just 10 years ago. Has your salary quadrupled in the last 10 years? I doubt it...
silver production in 2012 was 750 million ounces. the demand is nowhere near that.
my advice to you is to sell one of your silver eagles and to buy a book on silver.
it took 2+ years to find its bottom at 1000, and 13 years later it is still down big
don't throw good money after bad.
have ulterior motives. they want to sell you their gold at $1300+
the selling will only intensify from here. sell ahead of the mob
take advantage of that this week. this window of opportunity will close soon
there are no bailout for the proletariat
the proletariat will get the shaft as always.
with metals, it used to take decades, but because of ETFs I think we will see a bottom in 2 to 5 years.
don't throw good money after bad. have patience.
the sad part about it, when gold reaches $500, nobody will want to buy
there hasn't been on Bubble in the history of Bubbles that didn't destroy years of accumulated wealth.
you can end the pain right here, right now.
but you are still in denial.
Lehman borrowed $29 for every $1.
what do you think will happen when the margin calls kick in?
metals move in opposite direction to the stock market. The stock market will be at its highest at the end of the year.
when Nasdaq reached 5000, silver was at $4 its lowest point.
if you are long here, i understand
I got a mount of cash now, and have no idea what to do with it!
I'll probably be waiting on Bernstein for direction, unless, all of a sudden, you decide to develop a backbone.
come on shorts, now I need your help. take a stand, don't let them bully you around, and, whatever you do, DO NOT COVER.
DOUBLE DOWN BEFORE IS TOO LATE
only the 1% receive bailouts. the proletariat will get the shaft as always.