Like I said, don't worry about it. Keep pricing things in $ (good luck with that) and I'll keep pricing in oz. I see that most people here want to use hard assets to get more cash. I'm interested in using cash to get more hard assets. Gold is rare. Cash is not.
I don't get it? If you were looking at a new car, a little while ago when spot was higher, you'd need 666 ounces to buy it. Now you'd need 800 ounces to buy it.
dude, everything goes up and down. I put my net worth in metals in 2003. calculate that. sure, it's down on paper 7% yesterday. then up 20% next month, or the next? Or maybe down another 20% who cares. What counts is what you can buy WHEN YOU SELL your silver. You need to know what time it is (in the very big picture). All assets are not equals (cash is an asset btw), no matter what the price is at any given moment. Cash is a transactional device, not a valuation tool. They got you fooled. Cash is trash. If you don't see that, you'll know soon enough. Families that are wealthy over generations do not hold their wealth in cash.
ok, so he didn't lose anything. The value in USD went down. I'm sure he's not worried, he knows from the inside what's coming down the pipe... Also, Soros has been selling his GLD and buying physical instead.
Its ok vc doesnt need any cash at all to live his rent is free along with his food ,fuel ,goodtimes,travel,registrations & repairs to vehicles & everything that you & i have to pay for with cash He just tells em "ive got metals you supply me the goods & services & i'l pay when im ready to sell in X years " :lol:
Im sure they have some cash along with real estate ,artwork ,antiques & bullion etc etc not just metals The problem i have with you is metals seems to be the only thing in your portfolio. Any wise investor has a diversified portfolio .Your one eyed approach leaves a bit to be desired imo If it crashes & burns so do you . A wise investor would never put themselves in that position
hey I've got many income streams, but this ain't a business forum, this is about metals. maybe I'll teach you about it one day. here's a starter, even if I know you don't like to read: http://ww2.dowtheoryletters.com/dtlol.nsf/htmlmedia/body_rich_man__poor_man.html
Im sure they have some cash along with real estate ,artwork ,antiques & bullion etc etc not just metals The problem i have with you is metals seems to be the only thing in your portfolio. Any wise investor has a diversified portfolio .Your one eyed approach leaves a bit to be desired imo If it crashes & burns so do you . A wise investor would never put themselves in that position
"Wide diversification is only required when investors do not understand what they are doing." -Warren Buffett "The wise man put all his eggs in one basket and watches the basket." Andrew Carnegie "Career diversification ain't a bad thing." -Vin Diesel
maybe you'll teach me about it ? hahahaha :lol: no thanks i'l be fine I think your all smoke & mirrors with no real plan. I agree with some of what you say i know the crash is coming. Will your income stream survive those times is the question you need to be asking yourself If you really have a plan for when things turn pear shaped feel free to share them for the benefit of the other members . If you think your teaching skills are up to scratch :
oooooh a few quotes ....im impressed :lol: sorry i just cant take you seriously vc .. the vin diesel one got me lol So have you been watching that one basket of eggs evaporate lately ? : you better make an omelette while theres still enough eggs
is that all youve got ? ouch !!! stop it im crying all over my keyboard .......with laughter :lol: What exactly would we be jealous of ? one eyed investment strategies ? Im sure theres a comedy club somewhere near you having an open mic night . You might want to go down & give it a whirl . your definately cracking me up .
Amazing how personal some people need to be towards each other. As if you're personally offended that someone has a difference of opinion. Yet every time one person sells silver to another it works because there is a difference of opinion, one wants out one wants in.
Jealousy is personal, my comments aren't intended to be personal. That's just how I see silver, paper gains, paper losses and empty pockets. A speculation purely on price. If you went all in 2003 then you've done very nicely. Well done. I thought about it at the time but ended up putting it in to alcohol instead. C
