Well this was one hell of an interesting read At least its a lot more civil than youtube... that place is full of what I call the "aggressive 3ozers" - those that hold no more than three ounces and bite anyone's head off that says its not going to $400,000 per oz in the next month. Few fact points this thread went wrong on.... Firstly... I said I sold 15-20% of my stash at $24. I then rebought significantly (more than I sold) at $29 (realizing the err of my ways) (vid on youtube where i got to the dealers with steve was one of those purchases). All documented stuff... so I don't know how these facts get lost in translation... but thats the web for ya.... I've been slowly selling from $38 to $47.70 over the weekend where I sold the remainingkgs of what I'd consider my non core position on spotmex (the min amt of silver i ever want to hold at any one time). The sales from $38 were to get another venture up and running - that was more of a need than a want to sell type of deal.... but I have been cautious about the market from that point. I've not sold any gold... infact, I might be buying a significant chunk more.... not sure yet... just want to see how these markets consolidate. And yes... I've made some bad calls in this market in 2 and a half years... but I've made way more good ones... some of my earlier calls on silver pre $20 were scarily accurate even for me... but as silvers broken out - I don't know anyone who's calling this market spot on... (Bob Chapman was mentioned in this thread - he said $50 would be a piece of cake... well it corrected 10% for there... and although we're close, I dont think you can say 50 was a piece of cake)... so yea... in breakout mode, the markets are very hard to analyze. All my gurus have been wrong at different points along the way... At the end of the day... if I dont get my chance to get into silver big again ... Ive done well... and I wish you just as well in these markets... My youtube channel was only ever to present the opportunity of silver at $11... thats it... threads like this concern me that people are putting too much emphasis in what I am doing.. Cheers
You do not have to explain yourself to anyone.!!!!!! Travel to the beat of your own drummer. Thanks for the post. Enjoy the ride.
John - I don't think you made the right call, but i respect you for going with your instincts. And whether you're right or wrong on this last call does not matter - your blog and videos are an education to everyone interested in silver.
Dont worry about the haters Stella....you have done very well regardless what happens from this day on. Congrats on your profit and thanks for all your hard work/videos. Whats funny is you still have more Silver left over than 90% of people on youtube lol.... If you're ever in Adelaide one day, give me a buzz if you like, I'm only small time but up for a beer/lunch/chat if your keen...
john......i agree with boneyard....... i am only very thankful to you......2 years ago or so.............that you were one of the first guys that opened my eyes up to silver full-stop!.... for that i take my hat off to you! too many people waste too much time chasing the gos....or trying to make gos....unfortunately the only one negative i see about all forums....is that they consume too much of peoples time - and with that - these people somehow end up thinking you owe them some form of explanation for your actions. they need to get a life.
good for you for taking profits...its like...your damned if you do and damned if you dont btw is that you on utube with the 3 pamp monster boxes and the new 500gram PAMP minted gold?
Thanks for the chance to buy some of your excess stock How could I criticize you selling when it was the exact point that I sold my Monster Box? You are right to do what you do the way you do it, and I thank you for having the courage to do it in public. Ck.
HOT HOT HOT. I want one of them. 1/2 kilo Pamp Gold. Damm thing that gives me tingles is that with the current price of Silver & the GSR. I could get one!!!! fits in your pocket. DROOL.............
if you look at his other uploads you can see the pamp monster boxes.. also 2*500minted gold is cheaper then 1*kg cast -_-
I think stella's made a sensible decision. I've done much the same thing and sold half of my holding. Sold from $38AUD to $45.50AUD for an average of $43/oz. Doubled my money and now have my initial investment back. I look at things a bit differently though. I consider my core position to be my initial investment and my plan has always been to get my initial investment back just under $50US. The other half of my stack is speculative and I'm happy to take more of a risk in holding it now that I've got my initial capital back. I'm still betting on silver but now that I've taken some profit I can put the money into something else. It seems many here are relying way too much on silver in my opinion. C
Guys, people stack silver for all sorts of reasons: * investment * wealth protection * shtf scenario * <insert here> ... Or a combination of the above. When an investor sells his investment component, because it has met the objectives, great stuff. Comments like "you have sold too early" .... What does that mean? Too early for who? You?
PM is not the only way to financial freedom.... people that say stuff like ' you sold to early' etc etc usually have the 'hater' attitude...
To launch Spotmex one moment then suddenly divest your silver investment is like buying a Butchery one day then proclaiming your a Vegan the next.
Smart move. Take your profits before the real mania starts and then profit from the maniacs instead. C
