Once again Silver spot price has managed to duck under $25 again. For many years bullion has just flat lined. As Court Jester says ---------------SIDEWAYS ! And that is not too far from the truth. Taking into account the high premiums it will take some time for long term investors to make any return. At the moment there is more chance of breathing life into a rotting corpse than seeing a real move in precious metals. In a totally rigged market the only winners are - The dealers, The marketeers and the odd mine / refiner. For the stacker the forecast is looking pretty gloomy ! For those who are are just using hard earned savings without a plan to combat the premiums, you would be better to put that money in a sock. If you were to cash in on the last 3 to 4 years of your stack the losses would be colossal due to the premiums. But worse than that, the money we add to compulsory retirement plans will also be squandered, as it filters into the bogus stock market. So don't expect a cent returned there either, as Governments deliberately lift retirement ages to avoid you accessing it. Yep, it looks as if all bases have been covered to royally screw you over. And who would have thought that bullion considered to be a safe haven in tough times would ever be affected ? But in a totally rigged world it appears that it has also.
I agree with most of what you said except for people are living longer. Gone are the days when people dropped dead a year or two after retirement. Retirement age should be lifted to 70 plus, especially if the person doesn't have enough to live on.
We may be in the midst of history's most epic game of kick-the-can-down-the-road. What is at the end of that road? We may all fall off the end of the world together, and silver won't help if we are free falling towards Armageddon.
By the time I reach 70, I expect the retirement age to be 90. I'll be like a withered old Mr Burns trying to perform at a job. If you can fog a mirror you can go to work will be our Governments motto.
ROFL. Dirt cheap silver is gloomy? For the short term (attempted) profit maker yes, but for a stacker no. Keep stacking at these absurd prices and you, your kids and grandkids will be far from gloomy in future. Be patient... don't worry about the minor ups and downs and endless fear mongering to sell sell sell and get into the fiat bubble markets - they will come to an end real soon. Don't be one of the weak hands they shake out. I really like the "what is going on" explanation at www.didthesystemcollapse.com.
Yes...What is at the end of that road ? The last Fed meeting they didn't have the guts to lift rates. If things are so good, then lift rates. But they know if they did the bogus markets would be spinning into free fall. People globally are having to deal with more and more toxic Governments than ever, that only serve the needs of themselves and the minority.
It's been dirt cheap for nearly 4 years and in another 4 it will still be dirt cheap if this continues. Better that precious metals go up gradually with inflation. Besides the premiums are not dirt cheap. Can't even take a chance to flip a high premium coin due milk spots. It's not a good deal...Totally rigged at the moment.
I have a novel idea.... how about stop blaming prices or shadowy manipulators and learn how to trade a commodity. Harden the turtle up and accept responsibility for your own destiny rather than wasting your time with weak ass finger pointing at anything but yourself.
A nice convergence happening. 2 hours ago [youtube]http://www.youtube.com/watch?v=kECkNOdODW0[/youtube]
Thanks...We all feel so relieved its all about "HOW TO TRADE A COMMODITY"... Nothing to do with manipulators or premiums or the fact prices have been static or there is rigged system. The whole economic world is just milk and honey and Manna falls from heaven as long you know HOW TO TRADE A COMMODITY... And we should never play the blame game, just sit there and cop it in the neck. Thank you for your pearls of wisdom Stoic, you have made the stacking game so much easier....
If you think its rigged why are you playing it? If you know its rigged why don't you use this to your favour? Both questions come back to YOU and what YOU do. Play the blame game if you want but seriously other than stomach ulcers what are you getting? Your thinking is a perfect correlation in a difference sense to the old adage of "If there was no God man would find a reason to create one" As for copping it in the neck refer to the above two questions. Gold and silver could nose dive off a cliff and I would still be ahead if I sold at spot. Does this make me a shadowy manipulator or someone who knows how to trade a commodity? .
I'm also willing to bet you just happened to get in at the right time. If you started between 2011 and mid 2013 you would be losing, guaranteed.
