your can cherry pick the 80's as your example against silver, But I cant cherry pick the GFC to point out housing market isnt the sure thing your making it out tobe, or even recent events as an example? lol come on
I've done no such thing the 80s the 90s 00s 10 and the last 5 years have all been bad years to invest in silver compare to every other asset class over the longer term If you pick a 10 year period from anywhere from the 80s on silver is behind every other asset I don't need to cherry pick when it is that bad
It will be interesting to see where silvers new price is when it stabalises after the next big run up, thats what interests me the most. Bound to be in the +$30 AUD range
@Jason1 This is the best I can do with your ABC Silver bullion Avatar. Did Silver Stackers turn the lights out when you were taking the Photo? LOL.
Its just a dirty old bar I got a few months ago, it has got very dark toning, thought it looked cool, However the photo doesn't fit that well with the avatar resizing,I will likely change the avatar some time soon
I can see you have purchased silver over the last 7 years. Clearly silver wasn’t a good place to put money for profit. What was your purpose?
If you put your photo into PAINT & fiddle around with it until you get it to the following dimensions on the jpeg I put @ the bottom it should be O.K. In Paint just click on Properties & you will see the current size. Also, you can put a snip of it into WORD & resize it in Word. then put it back into Paint, Save As a jpeg onto your Desktop & go from there. Best of luck.
Losing money on investment is common. 7 years ago, I bought some uranium stock at what I consider a low price then since the peak was in 2011. After 2 years, the stock dropped by half and languished since then. Is it the fault of uranium? No, it's my misjudgement or just bad luck. I bought it at the wrong time. It was a bad investment, especially for stock, which has additional risks than just the price of the underlying commodity, such as possible financial fraud by management, political risks and litigitation, etc. Same as silver, it's a bet, maybe it will languish for the next 7 years? But this is fine with me as I treat silver as money rather than an investment.
over the last 7 years the stock market and housing and bit coin were far far far far far far far far better than silver and I buy and flip silver I dont hold and do not intend to hold silver in and for the long term its quite frankly sh!t over the long term I had sold 99% of my stack until I started buying a bit again in febuary and ill flip it all when we get the next spike up before it plunges into oblivion for another decage and put the profits into actual income producing assets I can compund the profits with and actually get ahead not silver which is sh!t over the long term you have drank the kool-aid my friend here listenind to the tin foil hat wearing crack pot nut jobs here thinking silver is real money and its going to da moon ( it hasnt been real money for nearly 60 years and --- bahahahahahahahah lol no just no its not going to da moon -- look at bit coin if you want to see a real rocket ship to da moon )
You should be careful making claims based on arbitrary periods. For example, silver outperformed equities (using the S&P 500 as a proxy) by a significant amount between January 1, 2000 and January 1, 2010. Of course that isn't fair to equities (or even particularly favorable to silver in this instance). Bitcoin definitely went to the moon, but I don't think it's a buy and hold asset, which is generally what silver and gold are. The better analog to a silver and gold would be savings accounts or certificates of deposit. In those instances I think there is a really good argument to make that silver and gold have done a better job maintaining value over the long term (i.e., protecting against inflation) than those instruments (savings accounts and CDs don't even hold up against inflation anymore). Unless you're a daytrader, in which cause you should be buying and selling paper, bullion is just a terrible product to use for flipping as the transaction costs are just too high.
Silverbearcafe website SRSRocco with a silver article & pretty charts for those kind of people. http://www.silverbearcafe.com/private/09.19/straight.html
I'm down 14% on my investment last week but i see a good opportunity to buy more right now. Seeing that is respecting the trendline right now.
so you wish your investments to go backwards and stay there doing nothing for 20 years while everything else goes up around it do you want to just give me all your money
Even though I want it to go down a bit so I can get more cheaper before it starts running. But not stay there for 20 years. NAHHHH a few months, a year, maybe 2 sure. I could deal with that.
Yeah another few years of stacking would suit me but whatever happens is fine and I'm in a good place with my stack. I'll be looking for what is cheap in the next round of cycle once it crashes again. Maybe stocks or fiat something or other, who knows but I will be ready to jump when the time is right.
