What's Your Excuse?

[beauanderos]

Three years from now, when the price of silver is over $200 an ounce, I can just imagine my fellow forum members whining "I should have bought at $30!" Why didn't I buy back in February of 2011 before the price exploded?" "If only silver would drop $50 an ounce, I'm gonna back up the truck." You can pick nearly any point going back to 2003, and even if a sell-off had just occured, the price at that point in time is higher (or soon will be) than it was three years earlier. So... my question is... Why aren't you doing now what you will wish you had been doing three years from now? What's your excuse?

[argent_pur]

You wanna know why, I'll tell you why----because I spent all my fiat on GOLD!

[beauanderos]

You wanna know why, I'll tell you why----because I spent all my fiat on GOLD!

And you should be feeling pretty smug about now. Nice rise since you bought and it's going alot further. How about $2800 by the end of the year?

[davycoppitt]

I'm saving up some cash right now for hopefully a summer correction. Actually looking to dump some in the next month or two. I did buy three years ago, so I can be more patient.

[argent_pur]

You wanna know why, I'll tell you why----because I spent all my fiat on GOLD!

And you should be feeling pretty smug about now. Nice rise since you bought and it's going alot further. How about $2800 by the end of the year?

I'm taking a 12-month 0% loan from my new friends at Discover to pick up some more for just that reason (although 2.8K is ambitious compared to what I expect by year's end). I usually don't make predictions, but it wouldn't surprise me to see gold make a run up to $1450 by summer, pull back some, and then come fall---we'll see a gradual rise to maybe $1550-$1600 as we find out just how little the budget slashing by republicans will actually make a difference.

I really don't expect the gold price to rise sharply until (reported) inflation gets higher, big money like pension funds and mutual funds start to add gold to their portfolios (they currently have something like 1/3 of one percent devoted to gold and that's "paper gold" not bullion), or we return to a gold-backed currency.

[coppertone]

No excuses. I buy silver with every available cent I can scrape together. Any extra cash hardly gets the chance to get acquainted with my bank account or jeans before it is gone.

Am stil able to find deals as well. Today I bought 46- 40% halves, including one 1967 original bank roll for 3.92 shipped (MV 4.70). Yesterday some Canadian 80% dimes and quarters for 16x face( MV is about 19x)

[Market Harmony]

I'm trying but these medical and dental professionals keep getting in my way!

[Copper Member]

I just sold mine and bought a condo.

[Rodebaugh]

Here are some of my excuses.

It's too heavy.
The shine on new rounds hurts my eyes.
The old coins make my fingers too dirty.
I am currently fully vested in Mcdoubles.

[aristobolus]

Here is a video and quote from our good Treasury Secretary today:

http://weaselzippers.us/2011/02/17/geit ... stainable/

"Treasury Secretary Timothy Geithner today admitted under questioning from Sen. Sessions that the president’s own budget, submitted Monday, calls for interest payments and obligations that are “excessively high” and “unsustainable.” The president’s plan accumulates $13 trillion in new gross debt, with interest payments on the debt rising to $844 billion a year by 2021."

Watch the video; it is illuminating.

[whatsnext]

B/c its time to wait and reap, not sow for me.

I dont have the cash to go furthur into it. That stopped at 25, so I'll be waiting for a big dip to go longer or the sell point.

I still think 32 is a hard ladder step to get comfortable on.

[tbram88]

I spent as much as I can every week, but the next dip I am going to back up the ziplock for sure.

All the best...Bob.

[68Camaro]

Still buying, slowly. Can't wait until it hits $42, when silver becomes worth as much as the stated value of US gold inventory.

[Thogey]

These prices scare me.

I'm in the process of dropping an ovum.

[Country]

No excuses here... I just keep buying, looking for the good deals when I find them.

[Sheikh_yer_Bu'Tay]

These prices scare me.

I'm in the process of dropping an ovum.

OMG! LMAO!

[Sheikh_yer_Bu'Tay]

I haven't bought any since it was at $18.00

Chemo back in Nov. and Dec. caused me to miss a lot of work. The minor chemo I took should not have knocked me on my ass... but it did. What a pussy!

I am well now and am workin' my butt off to catch up. I don't want to sell any now 'cause I know it is about to zoom to the moon!

[DirtyFingers]

I'm still a buyer although the 43:1 ratio has me fighting the urge to load up some .999 and head to town tomorrow to do some ratio trading. I think I'll hold off alittle longer. I think Ag has way too much upside to be trading any of it off right now.

DF

[oober]

No excuses, My DCA is low enough to keep buying, I buy every week, same amount (dollar amount). I will keep buying every week until I see $40.00 then we will see what happens from there.

[Devil Soundwave]

I wish I could buy more but I just can't afford it. I can stretch to about 10 ounces a month max.

[Lemon Thrower]

These prices scare me.

I'm in the process of dropping an ovum.

Give that man a cigar!!!

[scrapper2010]

I am trying to buy a little with each paycheck. But I'm mostly I'm bank mining for now. In fact I'm heading out now to hit up about 9 or 10 banks.

[beauanderos]

It might actually be harder for those of us who have been following price for at least several months to pull the trigger now. It's counterintuitive, but normalcy bias tells us that the price is moving higher too fast, and we're waiting for JPMorgan to pull the price down again. Don't get suckered by the punch that may never come. Buy a little (or more) every month, whatever's affordable, along the way... or you'll be sorry you waited.

[AGCoinHunter]

Been buying for almost 2 years now as I get cash freed up. Bank mining has also panned out for me. On pulling the trigger, these levels are getting hard to swollow....

[ScottyTX]

I am still way out performing silver in other areas to firmly place my holdings all back into silver! Will it bite me? seems very unlikely at the time being!

Scott