Long Position on Silver and Gold?

[HoneyBadger]

I've been watching POS hover just over $19 for two days.

Some say it's heading for $15, others say this is nearly the bottom and it will shoot up in 30-60 days.

What are you all doing? I'm very tempted to pull the trigger on another 100oz.

Provident has rounds .75 over spot.

Should I just pick up a roll and see how POS plays out or grab it while I can?

Look into your crystal ball and help a brother out.

Stare at opinions all day. It will make you go blind like porn!

Anyway: my crystal ball is broken, but I'm buying...

As stated in this thread, do not look at gold/silver/other PMs as a short/long investment; look at as an long term insurance and/or hedge against inflation.

I buy a little bit here and a little bit there when I can afford it. If it climbs more than 400% from here any time in the next year or two, I'm selling, assuming the climb is not because of hyperinflation or something obvious. I would immediately use the selloff money to pay off or pay down my debt and purchase other commodities.

Of course, if we do hyperinflate, I'm sure as hell not paying off my debt... I'll let it inflate away.