Confuscious say: "Man who owns farm sleeps well" - "Man who buys farm with borrowed money never sleeps"
I just started stacking too but when you've picked up a couple dozen kilos and then watch it tumble the next month I question whether I could be happier
RE ? is that a joke ? pfttt your off your rocker man . I wouldnt touch it with auspm's money :lol: solid income producing asset ...always has been always will be
Well I look at the big picture and over the long haul silver has been on a pretty steady incline with short term hiccups. I personally would love to see 10 dollar ounces as I've just started stacking and am only investing what I'm willing to lose. If you sell on the downswing and invest on the upswing I can't see any investment working out well for you no matter what it is. I'm playing the long term game and by that I mean 30 to 40 years. In closing, crash baby crash. I'll just buy more every day the price goes down.
Personally I think Franklin Sanders summed up how I feel in his latest missive; "Meanwhile, I kept calm by puking in my wastebasket. I've been here before. That's why I have two wastebaskets. "
c'mon ive been right one other time .......havent I ? ....who really cares im having fun you dont have to be right to be happy lol
"If only you'd sold your stack and bought bitcoins D:" Well, I noticed that the bitcoin market got a severe kick in the guts at the same time as silver and gold. Coincidence? I don't believe in coincidence much. If any of us survive this, it is going to be very interesting to look back on in say 5 years. Some say that pm holders and the like should wake up and see what is happening. Hmmm, well, when I look at USA debt levels AND how they are climbing and how they are funding that debt. Ditto Europe. Ditto BOJ. --- I really have to say, There CANNOT be a pretty end to this - it is impossible without major resets. So if we are worried about where the 'value' of physical. Gold and silver are going, we should be absolutely terrified about our economies. If ever there were an elephant in the room, well, we have twins - debt and sick economies. Worry about the price of hard commodities? You have to be kidding. Gazza
Diversifying always makes sense so maybe buying other things of value that you can stockpile is also good. Anything that can make you self sufficient and live off the grid is priceless with all thats happening globally.
time to add ... I'm happy coz I'm still earning in paper money (which are printed by BoJ) ... I'm happy coz I'm buying real assets ... I'm happy because my cost averaging have been successful so far so my average cost payed is single digits for silver and 3 digits for gold I'm not happy because I don't know if I should all go in or just play small, system is very unstable and could implode in a second. I'm not happy that silver coins bear high premiums and no one willing to sell me what I want for the price I want even if the price +30% spot ...
do you mean nuclear bomb? there some precious metals as well, so the way of diversifying is unbeatable ))
I've heard this argument time and time again, but it doesn't make sense. Fiat currency is how we measure purchasing power in the current system. Until that changes, that's all that matters. If you're counting ounces, you could have 5% more ounces in your stack today than you could yesterday for the same amount of fiat. That's called opportunity cost.
Sorry big guy, but you need to go back to do your homework. That's not how rich people think. I'll give you an example: If you could print unlimited currency in your basement (legally), would you mesure your wealth in currency? No, to you real wealth would be mesured in tons, acres, barrels, bushels, and slaves working for you. Only the bozos that accept your worthless paper would be stupid enough to hoard it and call it wealth, let alone mesure their net worth in it ps. you'll note that I'm using the word "currency", not "money". That's because paper money is a great currency, but is the worst form of money ever.
I predicted that the currency manipulators would have to try and destroy gold, because it is a viabile alternative and it's attachment to fiat would end their manipulations. Can't say this is a surprise. Makes sence. Think they will fail. Trouble is, if you sell now, will it be available on the way up
So does that mean if the property market crashes, no one will lose any money if they still have the same number of houses? Face it, you're losing wealth. C
