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S W
Member since May 2012
668 commentaries - 5 followers

5 followers

has posted a comment on the article :

BTFD !

- Silver Shield -

There is no rationale for selling gold to buy silver on the basis of an increasing price difference between them.
If as a lot of people think that economic conditions will deteriorate, so too will the price of silver due to a lack of industrial demand.
By all means sell stuff you don't need and cash up.
A cursory glance at the Silver Chart (posted above) indicates a further bearish decline in price. No need or reason to buy at this point. (That could rapidly change though!)

If one is particularly attracted to a tradeable commodity like for eg silver, why pay more than necessary, which is what most people do when they are not patient enough to wait to see if a bottom is truly in!
Too many investors are in the fortune telling business.

Personally I would be more content to buy silver at a break of the high at $50 than at current level and time.

Commented 4701 days ago

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Beginning of the headline :I am working furiously right now buying silver and I hope you are too.I have gone to extreme measures to free up capital everything from selling our second car, garage sales, and now dumping all the gold that I can to buy silver. In the past week or so I have made that largest silver purchases since 2005, even more than I bought in the 2008smackdown... Read More

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