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1st Time Buyer
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Thread: 1st Time Buyer

  1. #1
    Join Date
    Mar 2010
    Posts
    1

    Default 1st Time Buyer

    Ok I just bought 360 oz of Silver a few days ago... mostly SAE'S , Silver Maple's and 10 oz bars..

    Now what? Keep for 5 years and wait for silver to go up?

  2. #2
    Sakata Guest

    Default

    Quote Originally Posted by bornking View Post
    Ok I just bought 360 oz of Silver a few days ago... mostly SAE'S , Silver Maple's and 10 oz bars..

    Now what? Keep for 5 years and wait for silver to go up?
    No. Wait for a dip and add more. THEN keep it for 5 years.

  3. #3
    Join Date
    Oct 2008
    Location
    USA
    Posts
    358

    Default

    Stash it away and forget about it. Keep adding to the stash.

  4. #4
    Join Date
    Aug 2007
    Posts
    403

    Default

    "...Now what? Keep for 5 years and wait for silver to go up?

    You'll find the answer to this question in the reason you acquired the silver.

  5. #5
    Join Date
    Dec 2009
    Posts
    154

    Default

    Quote Originally Posted by bornking View Post
    Ok I just bought 360 oz of Silver a few days ago... mostly SAE'S , Silver Maple's and 10 oz bars..

    Now what? Keep for 5 years and wait for silver to go up?
    If that's a real/honest question, you probably shouldn't be buying PMs and should sell now.

  6. #6
    Join Date
    Jan 2010
    Location
    Portland/Vancouver
    Posts
    156

    Default

    Quote Originally Posted by bornking View Post
    Ok I just bought 360 oz of Silver a few days ago... mostly SAE'S , Silver Maple's and 10 oz bars..

    Now what? Keep for when the dollar is worthless?

    Yup.

    Keep adding to it.

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  7. #7
    Join Date
    Aug 2008
    Location
    Midwest
    Posts
    370

    Default

    Quote Originally Posted by bornking View Post
    Ok I just bought 360 oz of Silver a few days ago... mostly SAE'S , Silver Maple's and 10 oz bars..

    Now what? Keep for 5 years and wait for silver to go up?
    My guess is you bought silver based on the recommendations of others as opposed to doing your own research. Well, on the one hand, bravo for choosing silver, but on the other, 360 oz. of silver cost you probably $6,300 or so that you invested without knowing WHY. I can't imagine investing that kind of money without understanding the investment I chose.

    Know why you are investing as you are or you'll get burned...
    "Lenin is said to have declared that the best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens."

    -John Maynard Keynes The Economic Consequences of the Peace(before he championed Socialism)

  8. #8
    Join Date
    Feb 2010
    Location
    North Bay, Ontario
    Posts
    14

    Default

    Quote Originally Posted by bornking View Post
    Ok I just bought 360 oz of Silver a few days ago... mostly SAE'S , Silver Maple's and 10 oz bars..

    Now what? Keep for 5 years and wait for silver to go up?
    Now what? Increase you financial education are the history of money for your country and the world.

    Silver is money, it's been money for 5000 years. Dollars are a currency. The more they print, the more it's value goes down, the more dollars people require to purchase the same previous items, silver (real money) goes up relative to it.

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    : Precious metal for Canadians.

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