At the rate that silver price is increasing, it is hard to imagine how the price will ever come down again.
It seems impossible to think about a silver price crash at this moment.
Silver price is now above $46, far exceeding the best optimistic analysts’ prediction.
Many analysts had predicted that silver price would hit $50 by the end of the year.
At that point of time, silver price was just below $30.
It seems such a long time ago.
However, it was just three months ago that silver price was $26.
It is very natural to buy silver when we see the increases day after day.
Silver price per ounce increases by a dollar practically every other day.
Even non-investors are thinking of buying physical silver or silver exchanged traded funds.
They fear that if they do not buy now, they will regret for life.
I am waiting for the next silver price crash before making the next purchase.
For one thing, I do not have so much cash on hand now.
Since I stay in Singapore, it is best to spend a few thousand dollars so that the shipping cost is lower.
Another factor is the belief that what goes up must come down.
In order for silver to sustain the long term upward trend, there must be many small price corrections along the way.
If small price corrections do not occur now and then, the next correction will be the silver price crash.
Basing on my investment records, whenever I buy share, the price drops further.
Whenever I sell shares, the price shoots up.
Maybe I need to buy a little silver bar to set off the chain of silver price crash.
Thursday, April 21, 2011
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If you ask me silver will becoume more valuable than gold in the long run because a lot of silver get lost because it's used in products we don't recicle. Gold is only for jewelry and is melted after we don't want it anymore and made to something new. Seems like a smart thing to buy silver because the prices seems to keep rising and rising.
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