Me too when I started buying gold and silver in 2000s, found it moved too slowly after a year and gave up, started to play stocks. The trouble is precious metals is not for returns. Trying to earn from pm to pay a mortgage is a dead end. I think we reached the dead end for the property bubble in China. Don't know about Australia. In Singapore, the market is highly controlled to begin with, so even if it falls, it won't be severe - like 20%-25%. But HK, price can fall 70% like it did in 1997. In China, a lot of real estate will become worthless - it happened in Malaysia and Indonesia when projects are half-built and never completed. The trouble is the house buyer still owes the bank for the full sum.
That's me. Got sick of waiting for the holy grail move in silver that may or may not eventuate - considered that too much of a gamble. Silver has given me miserable returns over the last 8 years, so it was time to call a bad decision exactly what it was. I offloaded all my silver holdings in October, and it was substantial. Put the cash into a particular stock in November, and I'm up 70% in 2 months. (One member here who I bounce around trading ideas with can vouch for the stock call and trade). Silver was too much of an opportunity loss for me. Kept my gold though.
Man, if youre already up 70% I would call it quits and cash out. Especially given were early in to 2020 and it already looks like gulf war electric boogaloo 3.0 is heating up. Im not a gambling man so no stocks or silver for me, just gold whenever i have the spare change. If i get a couple ounces of silver at spot every now and then i buy it but consider it the same as buying a lottery ticket. My original stack of 150oz of 1966 50c rounds got sold when we hit $27 AUD an ounce and converted to gold because silver was just too volatile for me.
Metals are looking like they want to blow sky high.... glad to be a holder. Iran saying they would be happy going to war.
Assassinate the equivalent of one of their Joint Chiefs of Staff and then admit it openly. What response did anyone expect. A bouquet of flowers?
I also think you are a little silly if you don't have any crypto in the current times. Yes, they can be risky.... however people want somewhere to park their money outside of the never-ending guv'ment printing machine. Easy option. Worth mentioning that Bitcoin generally operates on a 4yr cycle. We're now into that 4th year............. I expect this quarter should be quite exciting.
Silver is actually a long term hold. If you're look for upside, should look into platinum which is even more volatile. Platinum went up 20%, but some of the platinum stocks already went up 100%. Imagine if platinum goes up to $2000.
Michael (Bullion Now) says "Don't Panic" Looks like there are no bush fires around near his rural property in Country Victoria. _JOHNLGALT.
wait for the Iranian revenge, they always go for life for life. blood for blood it is very good to watch what is coming, that is the news
its the same thing as saying silver is going to their $50 as in back in 1980 or Apr 2011 platinum was $2000 back in Mar 2008 just look at Palladium hitting 2k+ soon which is double the last high $1100 Dec 2000 all in all, we would easily see multiple of their former highs
