if it goes usd 5 per oz, obviously most silver believers will buy more
but if goes 150 per oz, would u buy more, would u sell it, or would you hold there and wait for it goes higher?
anyone has any exist strategy?

If drop to 5oz, it gonna take years to come back again to USD30.
Maybe market will be more stagnant than now.

If go to 150/oz, then will sell off some to grab good deals around.
150/oz is like 5 times of current price.
Depends on one's exit price la. 150/oz haven't reach my target yet.

That depends on our objectives in buying silver.

If we buy for investment and to make money (in fiat terms), then we need an exit strategy. Sell it off after hitting our target price.

But if we buy for the purpose of savings or keeping value of our money, then we do not sell it until we need to use it. It's just like saving money (in fiat terms), we don't use the money unless we need it.

I think all your answers are right.

For people who buy silver to hedge against inflation, we will just hold on to it and slowly sell off as and when we need it, example, WOW I can buy a bungalow for 5 pieces of 1oz gold bar, surely I will take it out and swap for the house.

On the other hand, for those who are trading and collecting, it will be just like gold. There are people buying gold at current high price, so when silver goes to USD 150 per oz, many of us will think it will go to USD 300 per oz one day, so we will still buy.

But as in my previous post, china needs the silver to continue production those important component, so when the price goes to USD 25 per oz, I understand that CHINA will import large qty of silver using USD, thus keeping more silver in their vault while throwing away those useless USD. double happiness. China is secretly doing this so no one else in the world starts to panic, and do the same thing. So our job here, is to encourage more friends and family to buy silver and gold while it is cheap (compared to USD).


chef

All of us can dream about this but it will unlikely happen within our lifetime.

Reason: unlike fiat money, physical commodity and properties are limited in quantity. The inflation we are experiencing is caused by the unlimited supply of fiat money, thus losing its perceived value. In other words, inflation is the lost value of fiat money. What we see in property and gold/silver price hike now is actually inflation.

But when you compare a commodity to another commodity, physical good to another physical good, there is no such thing as inflation. There is however, changes in the value of the items depending on real demand and supply situation between the 2 comparing items. But since silver/gold and properties are limited in supply, both having growth in demand, both will rise in value. One may rise faster than the other, but i don't see gold/silver rising faster than properties by 100 times. (currently 100oz gold = 1 house) Unless there is reason for demand for PM to increase 100 times more than properties, or supply of property grows 100 times more than PM, it is unlikely to happen.

Well, maybe not in malaysia, but it may happen to places which properties are over inflated. example indonesia, property built in poorly planned area are over sold at very high price, when super (not hyper) inflation kick in, everyone dump the poor investment (such as this property) and park their money with PM.

=====
Real life example,

Gold price went from RM 40 per gram to RM 200 per gram (5 times it's value and could still rise)

Singapore property for a 5 room apartment original launch price RM 300k, was over sold by property boom at the price of RM 1.4 million, and then went down to about RM 700k 6 years ago. Now it's back to RM 1.5 to 1.6 million.
=====

So the possibilities of not one of the commodity over paced the other, but that of the other commodity coming down to meet half way.

Anyway, it's not a prediction, just an open discussion. But I guess 100 times both ways are not really likely, but I exaggerated, maybe 10oz or 20oz of gold bar can buy us a decent RM 300k terrace house.

chef

PS Anyway, let me know what time to meet up with you o.k? it's a short visit to KL this trip, today up, tomorrow back down to JB.

This is a video with simple explanation on how the 2008 US crisis happened.
Cartoons and easy to understand

This post has been edited by chunyen2020: Dec 20 2011, 04:56 PM

goes to usd 5 too fast ... no one wants to sell,

goes to usd 150 too fast... no one wants to buy


unless is slowly and gradually, thats another story...

true! maybe add a bit of spicy like up and down now and then. then lot of buyer lor. hot market,

Just finish meeting up with marcus and cruzzie.
Inspiring.

up up down down = more dangerous... who know is it a triple top or double btm....

Not really follow silver development, is the price declining like gold right now ?

yes, Silver tends to follow his bigger brother, Gold.
minor correction now. long term still bullish.

Guys, where can I buy the box for silver coin?
Planning to buy some 1/2oz lunar as gift for relatives but no box, help needed.


Attached thumbnail(s)

lolz...the boxes is meant for Pearl Mint one la...
Go to buy normal and cute box la....btw...1/2oz not enough la.... better buy 1oz la...

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Added on December 21, 2011, 10:45 pmlolz...the boxes is meant for Pearl Mint one la...
Go to buy normal and cute box la....btw...1/2oz not enough la.... better buy 1oz la...

This post has been edited by cutealex: Dec 21 2011, 10:45 PM

I know that's for Pearl Mint (sample only) but where to get similar box like that.
1oz got also but price high... gift for 1 person still OK but few relatives, pokai leh...

another post for your reading pleasure:
Buying Silver is Better Than Buying Gold

Go to LSGG to see my home-made packing for Fractional Silver Survival Change package. The cointainer I used fit in nicely the size of 1/2oz silver.

This post has been edited by taurusbull: Dec 22 2011, 10:14 AM

Y this topic slow down?>

everybody is busy with LSGG, more happening there.. ;P