barrytrot wrote:SilverDragon72 wrote:I hope that silver prices drop for a while, only so that we can afford to buy MORE
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Most of us are buy and hold types of people. I believe that precious metals will always be a great store of value, especially in the long term. Price drops? Buying opportunity!
If I had a nickel for each time someone here hoped that something THEY OWNED would drop in value I would be rich enough to buy all of Tulving's silver.
Naturally our hopes have less bearing on the price of silver than the flapping of a butterfly's wings have on the tides 5,000 miles away so it matters not, but it is a very odd point of view if analyzed for any time at all.
I have adopted a tactic which takes the stress out of silver trading. When silver is uptrending I sell a bit (figuring that it might get crushed again). If it keeps going higher, I'm happy, as my core position has benefitted. If it drops, I am happy, as I can congratulate myself on my wisdom and shop for a few bargains (I don't worry about short term damage to long term core holdings). If silver drops, I sell a little. If it continues to drop I am happy as it enables me to buy some .999 fracs a bit cheaper. If silver goes up after I've sold low... well then... hey, three out of four isn't bad!
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Moral of the story, "don't worry, be happy" Folks, we are watching HISTORY unfold. Get your preps ready and then sit back and enjoy the show.
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