Long Position on Silver and Gold?

[beast556]

Im pretty sure we will be seeing 15$ silver soon and then down to the 10$-12$ mark. Im in big when it goes below 15$.

[kidicarus13]

Im pretty sure we will be seeing 15$ silver soon

Because...?

[MrPrena]

That extra liquid cash would be better spent on debt you are paying interest on then on silver you are paying a premium to buy (which may or may not go up in value, which is going to have to be 15% to break even). Put that money on your car or house note.

My silver is a hedge against inflation and for SHTF.

Regardless of debt load, investments in PM should be ~10% of your total investment portfolio. If I lost EVERYTHING on paper, my debt would go away but I would still have my PM's, guns, ammo, preps and my dignity.

+1 I do have some Ag and Au from when i was little kid collecting coins. It is a great way to hedge against inflation being fact that gold and gold etfs are negative beta.
I also agree about 15% prem. I don't think the coin collector, precious metal places will give me 15% prem for a SELL order either.
I have nothing against Mercantile Exchange,CME guys, PM investors. I just prefer investing in securities during BULL AND BEAR market.

Im pretty sure we will be seeing 15$ silver soon and then down to the 10$-12$ mark. Im in big when it goes below 15$.

Due to rising in USD respect to EUR, YEN, and some other currencies, we might have more dip in some of commodities and PM. I dont know about 10-12 , but $15 Ag is possible after fed stop the easing.