Gloom and Doom for Oz Thread

Discussion in 'Markets & Economies' started by JulieW, Jul 27, 2015.

  1. Dirtbikepilot

    Dirtbikepilot Active Member

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    I was speaking to a boat dealer last week who said around Easter they started getting a lot of phone enquires from those stuck at home. They figured a lot of tyre kickers. Next thing the deposits started rolling in. They are now inundated with orders. I said how that surprised me to which he responded, "People are positive about the future and know that it will get better. Remember, whilst some lost their jobs most people did not. Apart from being in lockdown working life did not change for many".

    Is the positivity misplaced? I don't know. It is good that people are in a positive frame of mind and whilst life has not changed for some for others it has been life changing. I admit that I fear what the near future has ready for us economically as a country.
     
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  2. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    all I know is the share I bought in march are going gangbuster

    meanwile silver value is still in tjhe toilet
     
  3. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    down down silver is down

    mean while im 37% up on OOO since buying 20% on Qantas 15% on BHP and a bunch of others

    crash

    what crash

    ilver is the only thing going down the toilet like the turd it is
     
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  4. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Great call Jester.
    I hope you've taken some profits off the table.
     
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  5. heartastack

    heartastack Well-Known Member Silver Stacker

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    What a legend :)
     
  6. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    im considering it Im also considering to "let it ride"

    as the dividends I will get will be enough to keep me happy and i feel long term everything I bought will more than double.
     
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  7. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    let her ride all on red

    silverisShit2.PNG
     
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  8. Davros10

    Davros10 Well-Known Member Silver Stacker

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    Does your boat dealer come across a lot of precious metals buyers needing to replace boats?
     
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  9. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    I only bought AVN yesterday and am over 10% up on it
     
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  10. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Had a look at your list of stocks and their dividend history / PE ratios.
    "Interesting".
     
  11. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    except for the ETF's most are large australian staples I dont see going any where anytime soon

    far far better than silver and I will get dividends

    silver is rubbish
     
  12. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    It's always good to hear your points of view Jester; best of luck with whatever you decide.
    Those dividends will be interesting, especially over the next few years.
    For me, I'll be watching and learning. :D I'm addicted to Lunars and Roos mate so I hope they don't go Side-Ways.;):)
     
  13. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    the dividends they may dip in the short term but it will be back to normal soonish I feel

    silver has less upside AND does not pay a dividend AND never will AND you need to actually store it. I ahve 6 or so KG of silver in a box somewhere collecting dust and I wish I had that cash in hand in the share market as its cost me literally thousands in lost opportunity costs.

    markets are closed today but on Tuesday I feel we will be in for another good day as the Dow in the USA wen up 3% on Friday their tiem.

    Im 33% up on qantas 37% on OOO banks between 13-19%

    im down slightly on Woolies but its meh.

    If you think the CBA for example is going to go belly up and cold turkey not pay a divident anymore than I have a bridge ou may be interested in swap that silver for cold hard steel.

    silverisShit2.PNG
     
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  14. heartastack

    heartastack Well-Known Member Silver Stacker

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    Pretty sure the consensus even amongst PM bugs is still 10% portfolio in gold/silver as hedge. More if you're a market fatalist and helps you sleep.
    I've encountered extreme negligence from traders and investors in all investment formats.
    Given above, it seems a bit odd to take out your opportunity cost frustration on a precious metal enthusiast forum to the point of being aggressive and coming across pathologically damaged by it.
     
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  15. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    not frustrated I ahve been pretty anti silver for a while now <---------------------SIDEWAYS-------------------------> and for the last few years silver has been absolute rubbish as an investment

    you could have thrown a dart at a board of stocks and done better than silver most likely

    Every single asset class over the last few yesars has left silver in its dust -- its not even close every single one.

    I probably could have literally invested in sun dried dog turds and done better
     
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  16. heartastack

    heartastack Well-Known Member Silver Stacker

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    Silver may just be fresh dog turd, and it may have its day in the sun yet :D
     
  17. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    6 KG or so of silver in a box some where collecting dust.
    So why not sell it Jester.
    Even at a loss from your purchases back in 2012, perhaps you could cover the cap loss by buying shares.
    No point letting it sit there mate.

    Just one mote on the silver; I think I've suggested this before, so if so, my bad.

    Just as you have selected your high yielding dividend stocks that also had a nice paper cap gain, perhaps not all silver is
    what it seems.
    Precious metal is a bit like the stock market, but a bloke has to study what to buy and when if he wants to flip either short term or long term.
    As with your portfolio of shares, some will do ok, some you'll wish you had sold and purchased other stock; same goes for silver.
    So, perhaps generalizing that silver is shit may reflect some misjudgement as to how to approach the metals markets.
    Like you have decided that your share portfolio is for dividends, that's a fine approach but others would find your trading strategy
    different to theirs because some folk buy only for the gain, they don't care about dividends.
    Just like some folk who hold silver bars, but they didn't have the knowledge or interest to diversify into silver coins or perhaps collector bars.
    Just recently, March was a great time to buy Silver Roos, infact a box of roos cost $6227.50, now that box costs $7610.
    If you work the math % you'll see that's not a bad profit, but better still, a precious metals investor has a box of 9999 silver in the vault.
    But there's numerous examples for stocks and coins, some do well, some are dogs but not all are shit.

    Anyway, best to you with your stocks, enjoy watching them everyday, enjoy the paper gains and the dividend yield and best
    to you if you do better than the precious metal investors.
     
    Last edited: Jun 8, 2020
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  18. heartastack

    heartastack Well-Known Member Silver Stacker

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    And if I ever need to be reminded how much stupid profits can be made in silver coins I just read this thread... always a good one to revisit once a year. My dream in the next silver bull market would be for this to play out for most precious metal items hitting mainstream and not just dragons:
    https://www.silverstackers.com/foru...012-1oz-silver-dragon-secondary-market.14094/
     
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  19. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    and as far as bull markets go that is still nothing
     
  20. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    Silver is shit and you you are 100% incorrect

    here is why

    As soon as you start looking at the premimum or the value of how a coin has appreciated in over and above the underlying metal value this is the COLLECTORS market and NOT the METALS market

    you are a coin collector at that point not a PM investor and they are very different markets. Collectors markets can be very irrational, The price of the metal just give a backstop to the lowest value that it could go.

    and your example of a box of roos is meh as well You are cherry picking examples Silver like all assets droped in value recently some more than others there are some shares you could have bought where you could have more than doubled your money over the last month(ish) far above the cherry picked gains the silver market could have had over that same period

    also I will get dividends and wont have to pay for storage something you wont get with that silver in a valut
     
    Last edited: Jun 8, 2020

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