Long Position on Silver and Gold?

[Rooskibar03]

I hope it crashes, then I'll be able to buy more.

Sorry but we are the exact opposite. Need it to spike to get out, taking a mother effen bath on a very large amount.

[<MADDOG>]

As someone who see what $'s the gold and silver mines here in CO are investing in production, I'm buying.

Coal on the other hand is scared as hell...

[sroz]

As someone who see what $'s the gold and silver mines here in CO are investing in production, I'm buying.

Coal on the other hand is scared as hell...

Is your point that they are producing more or less?

[roberth]

Sorry but we are the exact opposite. Need it to spike to get out, taking a mother effen bath on a very large amount.

I'm underwater too but I'm used to it, sometimes I think I'd be better off spending my money renting an apartment, going out to dinner every night, and getting a new car every year.

[BushMasterBoy]

Just remember the .gov is printing $85 billion every month to keep the economy afloat. It is called "quantative easing". Really just another ponzi scheme. The value of the US dollar will suffer in the end. I always think of the World War 2 US soldier in Holland that bought a hotel for a $20 dollar gold piece. In 1960 a silver dollar could be had for one dollar bill, but not today!

[rondog]

As someone who see what $'s the gold and silver mines here in CO are investing in production, I'm buying.

What are you seeing? If I may ask.....

[BushMasterBoy]

I was at the Cresson project in Victor yesterday. Some serious building going on and about a mile of road has been rerouted. It is owned by Anglo Ashanti. I have heard that they found ore so rich it will be sorted by hand the way they did it a 100 years ago.

http://en.wikipedia.org/wiki/Cripple...ctor_Gold_Mine

[PSS]

Silver mines in the Ourey area are investing millions into the mines there. They seem convinced that silver is going to skyrocket in price. Rumor has it the Star mine at the old Revenue mine has invested over 200 million already in that mine. I've been delivering material for the last year up there and it's not hard to believe.

[rondog]

Glad to hear this! My SLW shares haven't been doing well the last year, time for a change.

[Sawin]

I stopped calculating how much down I was after 10 or 12% on my physical bullion, simply because it doesn't matter much for my intentions... The whole reason why I bought any at the prices it has been these past 3-4 years is because I wanted insurance and diversification from the USD. That still stands true today at these lower prices, so I continue to buy a little at a time and let dollar cost averaging do its thing. I never do anything "all at once", so the idea of "getting out" is not even under consideration. I will keep my bullion until I retire and am forced to liquidate because I'm broke, or I'll leave it my heir(s). If it spikes, I will sell the portion necessary to get my money back, and maybe a portion beyond that based on profit margins, but never all of it...
Personally, I will continue to buy a few ounces here and there as discretionary $ allows...especially as the price drops. If time proves that I "over spent", well dang, I made a poor investment time-wise, but I still own it and have at least that little bit of security that I didn't have before...