Meh, I've been giving as good as I'm getting until his last particularly nasty attempt at provocation. It seems when he runs out of factual arguments he resorts to increasingly nasty attacks to divert attention away from the discussion. Like I said to him, I've seen it all before and I'm done with it. Nothing here to bother the admin with. Bama's very predictable and not much of a contender. In a battle of wits it's considered very bad form to confront an unarmed opponent.
I'm sure about my amount ounces silver. Those with dollars, stocks, bonds and even bank accounts, what are they sure of? Some see now high numbers attached to them. But the real measurement is when you actually sell them. Which part of those high numbers will 'vaporize' upon which part of the sales? See, that is the problem: you don't know the part of the number that isn't available as asset anymore; and instead became legal property of others. With ounces silver, you don't have that problem. It's easy to say that those that bought stocks did well. But not enough didn't try to actually measure it yet. And the number needed to measure it, might be dropping all the time, so that one day it might need $5 sales to bring share value down four times as big as when you bought them. And that, is often overlooked.
Two family situations that highlight the importance of family and community over assets. I wish both well.
Silver is just below 20 $ now and I am reading lots of "predictions" about entering a bullish phase. Not sure what to think. Weeks ago some were talking about silver "having bottomed". No, it hasn't back then... It's still quite affordable at these levels,... I guess when the big ETF buyers come in, the price will rise more. We need to look at the news: what else can bring it down or up in July, August, September? Any Q2 reports on industries? I see the Chinese economy is slowing down more in Q2 2013: http://www.livemint.com/Home-Page/1...hina-Q2-GDP-growth-76-slowest-in-3-years.html http://www.chinadaily.com.cn/bizchina/2013-07/09/content_16751371.htm http://www.reuters.com/article/2013/07/10/china-economy-trade-idUSL4N0FG0M520130710 I would like to see final figures... Industrial production is key for silver. Overall solar panel production is not doing very well this year, as I've read/heard here and there...
My sights are set on where I will be in five years from now and beyond. I see the current prices as an opportunity. Currently my cost average is a little under $30.00 per oz and this average includes numismatic and semi numismatic items. Although I would be pleased to see PM prices rise, as I have reached my current target, it does not affect my outlook for several years yet if it does not. If spot price remains low I will simply redefine my targeted investment and stack more oz"s. I tend to agree with Silver Sultan though that the spot price is not sustainable at these low levels for much longer. As long as the plan is not to get rich in six months with a PM investment I can't see anyone going wrong investing at the current price. Just my uneducated opinion, mind.
This thread has forced me to give a lot of thought to my bro. Seems Bama actually landed a good hit. Onya M8. The situation could have so easily gone the other way. I lost my shirt back in the early 1990's and had to claw my way back from oblivion. My bro seems to hate the whole world and finds offers of help offensive. What would I have done? Perhaps I could have ended up the same, I have a wife and children though and I would walk through hell and back to keep them safe and well. He still has money in shares but refuses to sell. Not much, maybe ten grand, but enough to establish himself in a decent dwelling and look after himself properly but no, he keeps his investment and dream alive no matter what. Take heed folks how destructive the love of money can be.
