Luck or Lucky

[FreedomUIC]

I cashed out my entire stock of Silver when it was in the 19-20 dollar range about six months ago, give or take a month. It is below 17.00 dollars now and I am waiting to pull the trigger. I am think $15.00 dollars an ounce and I am all back in which means about 100 more ounces without spending a dime more then my
original investment. I am switching to gold one month and then silver the next. I think this is going
to be the last "Major" drop we will see for quite some time. I am starting my 10 years of buying when that
happens, I have 10 years until retirement.

Finally figured something out right when I sold, lets hope it holds.

 

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[jim4silver]

It depends on how much you got when you sell and how much you pay when you replace what you sold. If the price drops to 14 or 12 like some here predict and you can find some at that price with current level premiums you win. If the price gets to say 16 and change and recovers a bit and gets back to 19, you break even if you are lucky.

To each his or her own, but that seems like a big risk (for a true PM bug) to net you only 100 ounces of silver. If you didn't really like the type of bullion you had before and wish to replace it with a different kind (say you got rid of generic and want ASEs etc) then that is a good move.

Back when silver was between 32-35 I had to liquidate a bunch because I needed the cash for my business. I hated myself for doing it and regretted it until I was able to replace what I sold with better stuff (gov minted bullion) in the mid to lower 20's. Maybe you will get a similar chance but who knows?

PS I don't like to spread fear porn, but I believe this EBOLA thing is going to kill the stock market and it will start dropping in the next few weeks (months) IF more cases are detected. They say 1000's arrive from those African countries weekly. You think that one guy is it? The sheep here will start to freak out once reality hits home. 50% death rate is nothing to sneeze at (pun intended). Bottled water and food at home will be worth more than PM's in this situation if an "outbreak" happens. So make sure you have both PM's and other essentials.

As the stock market drops PMs will pick up in time.


Just my opinion.

Jim

 

[lastleg]

I disagree with Jim, a major ebola outbreak in DC/NYC might be positive if enough rats take a
swim with the fishes, financially speaking. Also gold below $700 will shake the bugs loose from
fiat mania.