I understand your point of view. Yet, I'm trying to help, in the degree I'm able to, those that try to do the same as me, and like you say, it caused a target on my back, because some rely on others mistakes in order to get free dollars. On the Kitco forum, after seeing yet another topic that asked if it was a good time to buy, I answered what you said here, if you have no clue about a market better just stay out of it. I received a moderator blame for it. I just stopped posting there completely. So as you say, you become a target. But it's the opposite way in my case, it's because I do NOT support the "boom/price explosions theory".
Preaching to the chior mate. I've been slapped down here by mod and member alike and seriously give less than a fk anymore. Probably over 10k posts in my time here 'trying to help', but anytime you post anything that someone doesn't agree with, they throw crap at you like an insane monkey on crack. Like anywhere, when you get a big room of people looking to make money, you'll get a serious number of opportunists, bullshit artists and conartists all looking for a slice of the action too. I'm just saying that here, there, anywhere, you're better off just zipping your lip and letting people learn themselves. It's just not worth 'trying' to help when ultimately you'll be held accountable for it if it doesn't work out as others had hoped. I don't know how many times I've been a strong advocate of the fundamentals here and just been steamrolled time and again by people looking to cash in. Trust me, SS is no better than Kitco on many levels. But that's the nature of big forum community politics and an influx of people who don't share a common agenda. For many SS members, about the most we have in common at all is that we own silver. Yeah, big deal.
In Philosophical Transactions of the Royal Society B (vol. 367 no. 1585, pp.37-47), Hopkins, Russell and Schaeffer found that chimps that are better at throwing faeces also have much better communication skills with the KNOB region of their brain more developed. No sh1t - it's a real study
^ I think it means that it's scientifically-proven that throwing crap makes you a knob-head. Back on topic. Time to sell? Nope. Unless you want to.
Hope it goes well for all of us this year.I think is good that stackers can vent their frustrations and disapointments in the metals game without being critisized from fellow stackers,after all we are all on the same side.It has been a tuff road for all.
I am still ahead but that is only because I was buying junk silver from eBay for way under spot a few years ago. I will be selling some of the silver this year to pay down the mortgage, even if you don't believe in fiat you still have to play the game. The money I save in interest repayments will probably be more than I will make holding silver so it makes sense. I wouldn't cash out silver to put it in the bank but it will get the equivalent of 6% if I take it off the mortgage. I will keep the high premium stuff until silver goes up a bit and just offload the generic and the junk. The SMSF which I can't touch for the next 20 years is piling up nicely with gold and silver.
Sadly fiat runs through my hands like water. PM on the other hand I do not sell, because by the time I have got around to selling some, what I was buying no longer seems important. I don't remember what each piece cost, I just have a programme which I enter the oz bought and price paid and it gives me my average cost per oz for my stack. Therefore I buy silver at the best price I can and my rule is 'silver is silver' so I try not to get sucked into buying expensive pieces, sentiment does not come into the game. Profit and loss does not come into this for me. My stack is to supplement my pension from 55-67 until state pension and I will sell as I require. The only scenario I fear is silver and gold become worthless over the next 15 years. Thankfully history would suggest this is unlikely to happen. Another point keeps me happy which is ,I never buy from eBay or the likes, but in my spreadsheet I add about 20% to my stack because that is where I will be selling.
I love when I start seeing threads like this with another grown man beginning to cry about the nominal price of a metal going down.... Its seriously funny because the price can only move up when these people have FINALLY SOLD! Its called the capitulation of sellers Lets have a one minute summary of the bull market 2001-2008 - dream, greed, fear, dispair 2009 - dream/hope 2010 - greed 2011 - Fear 2012 - anger/begining dispair 2013 - (porbably) dispair and seller's capitulation Long Time Silver Believer - you are not a believer evidently - so sell it and move on... or shut the hell up, fear is contagious and you will unsettle the novices (This is not investment advice) Just for refference ive been in since 2010 and im breaking even
I dont think people realize it could take the whole year to re-test $40 in silver, that means another May-July American summer It wont be that silver and gold dont go up that make poeple sell (they went up 2012 and people still hate them) but that it doesnt go up fast enough to match their expectations. We were at $30 in Nov 2010 - I remember because I bought at $28 - and behold! last year I got another chance to average down I bought Gold at $1350 - I sold it made a loss ! hahaha A LOSSS! Im so glad I learnt these lessons early in my investing career. Before 2010 I had never invested or bought shares. Now I run my extended family's super fund and have a personal protfolio. I have worked damn hard researching, reading, listening to commentary etc etc trying to learn tech analysis most of which while the market was panicing to the up side and then to the downside... but because I saw with my own eyes Silver at $23 and gold @ $1300 and I know they will probably never get to thos levels again this side of the peak.... my perspective is different and im not afraid of drops, im afraide of skijump peaks (the thing everyone else seems to be praying for) - those peaks in price are dangerous! So be careful what y'all wish for.
Just a few words.I can understand that some people might get discouraged.After all,the rocket didnt take off after the recent lows of $28 or so.However for me the silver train is still chugging along.As it bounces from $30+ to $32+ and back I am buying rolls at some good prices.
Patience is a word that most of the SS investors on this site have no concept of. I bought a gold bar in 2007. Do I care if gold is up $10 or $20 or like today down $25? If you are in this for the long haul and are not using borrowed or leveraged cash and don't need to cash for daily requirements, you will be fine. If you are leveraged or using borrowed cash, good luck. I would have rather gone for black at the casino.
I suspect a troll is loose. Are we suppose to believe that you bought at $49ish back in the 80s, then never cost averaged when silver was basically free, and have been holding out, visiting PM forums (for 30+ years) hoping to sell your original stake? More likely you are just here to try to shake others out of their conviction. Please work on your story.
