yeah, but, buying from Perth Mint, I will get FREE shipment and no GST provided that I buy slightly above $300 but lesser than $3xx
You get it mate! Many here have been influenced by traders and short term speculators who only believe in "making a profit" - defined by them in fiat dollars. To my way of thinking, I "make a profit" with every ounce of silver i add to my stack. that's because i think medium/ong term only.
And this is a good thing as well. Those sheeple pouring into the USD and other paper assets will be the ones on the one side of the equation and those who buy physical PMs will be on the other side of the equation during the greatest wealth transfer in history which will occur during these end times of the world fiat currency system. I know which side of the equation i'm on ... you decide where you wanna be
At the moment, Fear and Greed are in great conflict, but Fear is by far the greater emotion. Personally, I am thinking ONLY in terms of what Silver will mean to me and my family during (with ASEs) , but more importantly AFTER (with 10oz bars) the disaster has passed. How much silver costs me today means very little. That could be 10 years away. OC
and that is also a good thing, because any further downward trend is just a gift from God (or those doing God's work more precisely), and is a BUYING opportunity. for as true as God made little apples, any such downward trend will be a relatively short lived trend in the long term bull run. buy buy buy while you can ... it wont last!
Because even if you haven't been a forced seller, you would have a lot more ounces buying at $32 than $49. Savvy yourself?
All those saying stuff like "I'm happy if silver goes to $20" or whatever, unless they aren't holding any and are cashed up who the hell really wants to see that? Yipee, can you please stop with the "SAVVY?" shit, it makes you come across as an arrogant twat. Sorry to be so blunt, but I'm sick of it.
It's difficult/risky to 'trade' physical to flip profits given dealer margins. Just because the spot price is lower doesn't mean that you'll be able to get your hands on physical silver at the click of a finger. Unless you have a good network of private buyers/sellers at spot it's not really worth the hassle IMO to try and pick the peaks - consider it opportunity cost or the like. I'll sell when I need fiat or I believe the bull market is ending/has ended.
For what its worth - its not been my experience. When I sold I could get easily 2-3% on top of spot price when selling.... when buying my dealer charges 2.5% over spot price... so in effect, getting in and out cost me nothing.
Possibly true, but I wasn't talking about flipping for short term profits. I agree that it's too much work (for me anyway), I was just respondIng to the assertion that you don't make a loss until you sell.
lol - yeh - with the emphasis on COULD HAVE ... 20/20 hindsight is a wonderful thing ... lemme know how that works out for ya! SAVVY ??!
Yes but you are one of the few who sold while silver was still rising... you picked it right near the top which makes you pretty much a trading guru, and i respect you for that. Those who tried to sell after - on a declining or flat silver price - i believe would have had difficulty achieving those margins
Your point is made, but not accepted. I dont regard "opportunity cost" as a valid loss. For it to be a bona fide loss, you would have had to be capable of selling physical near the top and then buying back in at a lower net price - thus increasing your ounces for free ... The number of people who can achieve that will be very few and far inbetween ... John is one such guru. Anybody else who reckons they made a "loss" must then reckon that they possess these same guru powers as John does ... which would be a pretty arrogant claim in my view!
