I sold all of my silver in Oct 2019 (5 figures, but on the nearer side of 6), and have doubled the proceeds twice since then. I held silver for 7 years and broke even. I traded it in stocks for the last 7 months, and doubled up twice. No surprises why I think silver sucks. Still holding gold though.... the gold mining stocks have been a godsend to me this year.
‘I learned very fast gold is great as a short term hedge but not for creating wealth as I got wealthier.
I bought silver in 2006.....I didn't want to miss out on the 'silver boom'... Too bad I missed the stock market boom, the housing boom, the uranium boom, the oil boom, the copper boom, the V.W. boom, the Lego boom, the Ooshies boom, Still I wait....as for the stock market crash...I only have spec silver stocks....they are more like a train wreck.
I Have 4 tonnes of Lead I didnt sell quick enough lol, I did a drop which was 2 tonnes of lead a few days before the price dropped from my pile, I Just didnt get the other 4t to the scrappy in time, lol Bugger So ill be holding that for a while ahaha.
I was in Singapore in 2013 when McDonalds had their Hello Kitty promotion. The very last Kitty was dressed in the "Singing Bones" outfit. Check out Google images of the queues that formed the night before release if you are bored one night. You don't see that out front of coin shops. Absolutely crazy. They were being sold the next day for hundreds of dollars.
Those were the days when Hello kitty was popular, but the strange thing was that it's actually the adults that are collecting it. Hello kitty was a 90s thing.
thats allot of sinkers, lol I do have the odd person wanting to buy a few KG's here and there for that reason though. Ill just have to sit on it for a bit longer, Im not concerned about it, But I was planning on cashing it all in though to get some work space back lol.
My producers: NST, RRL, RMS, WAF, DCN* My developers/explorers: BC8, CHN, MBK* *don't recommend Worth taking on board as you make your decisions for 2020? My own current plan is to account for this possibility by trimming ~20% of my stock p/f value, including gold miners, by July/August/September 2020. My precis of the path he is predicting with such persuasive conviction: Melt-up in S&P500 stocks from here taking the index to new highs, over 4000 points. Gold to 2,000+ USD. Energized by Fed, other CBs and Govt interventions. All peaking September 2020 -- > Then the latent economic damage of the CV-19 crisis emerges. Rapid onset of a 'global deflationary bust'. Gold to halve, Silver to single digit, oil back to $10, S&P500 to lose 80% from its peak. Gold stocks will be mangled --- > Then late 2021 - 2022, "In a deflation the Fed has virtually unlimited power to print money". They will leave someone else to worry about ensuing inflation. All possible tricks are used to flood the system with money which will develop into an industrially driven crack up boom. Inflation eventually roars into life. There are high interest rates like in the 90's (20%). By the late 2020's the final crack-up starts, Fed, CBs, Govts can't expand the debt anymore - too much inflation, too much debt to service at high rates. But by this time Gold will be at $10,000+ USD, Silver at $300, Oil at $300, commodities high, S&P500 probably hasn't got back to 4,000 but gold miners are soaring ----> Then, some time in the late 2020's - 2030 it falls apart with the end of some sort of secular credit cycle and world enters a deflationary depression. https://palisaderadio.com/david-hunter-gold-and-silver-miners-to-be-the-next-dot-com-bubble/
Have taken the first 2-bagger. Currently holding the second... but about to cash-out this week (maybe tomorrow), and redistribute in an attempt for a 3rd.
AAPL is trading at $315 - $316 range today. up a nice $31k - $32k as we speak. Staying put and adding to ones position on a down turn just make sense.
It has every time in my life time. One must take prudent risks based on facts, not fear of the unknown, if you are to do well in the market.
Probably not. Peak September 2020 is a reasonable prediction but one I don't agree with, anything beyond that is just crystal ball gazing.
AAPL hit an all time high today. Up $46k just sitting on my butt. Looks like staying put and adding to my position proved the right strategy amid all the panic of just a few weeks ago.