It's better than having nothing because your bank account was declared lost. And it's not only hedging against fiat, that's just a part of the job. It also requires hedging against the money for nothing club, that also visits the silver market. Avoiding to buy silver pandas when the price is bloated by the temporary purchases of this club, and avoiding to sell after they performed the dump part of their visit. At some point in 2011, silvers price was driven to a short $50 touch. It's now $21-22. That implies that they didnt use the 'money for nothing' to buy silver. What did they do with the money? Bonds? Stocks? A trip to Hawaii? Other things? Still on a bank account, waiting for others to sell in concern/panic, to then buy back in again? Taking all this into account and act accordingly, is hedging. All the rest is just a temporary story, with gains here and equal pains elsewhere.
short story, you're pissed because I'm right. Seriously...what are you talking about? Get over yourself dude. It's my opinion. I don't care if I'm a "stacker" or not. I don't care what you think of me. I'm pissed? And, I really care what you think? I understand about inflation, "higher prices dont mean profit." I'm pretty sure those who sold at $45 didn't see a 500% increase in inflation in the 5 years preceding. You think someone needs to buy at $35, for me to sell? Really? Save the preaching for another person. I'm not it...you mistakenly looked at my number of posts, and amount of time on this forum to make a judgment call. later...dude.
I'm shifting my PM to rum, you grumpy old men will thank me for it when 1pint of rum=1oz Ag. But on second thoughts, I'd be the one wanting to trade for rum as well.. And on thirds thoughts 1pint of jerry sailor is already at 1oz and all is good with the world... Who's got the rum?
Here's some encouragement (ha,ha) for this dark hour... At some time in the future, life is going to throw you a few curveballs that will turn out to be hand grenades that go off right when you catch them. You will (if you have a life like most of us do) end up facing and dealing with problems that'll be so much worse than what's happening to silver spot right now that you'll look back on today and laugh to yourself about what a trivial joke this week's silver spot antics were when compared with the problems you're wrestling with then. Remember this post when you get to that point. And on the rum/tequila idea... That'll (hopefully) give you an evening of pleasantly foggy oblivion, but it'll be followed by a bad news hangover, you'll be out another couple (or few) dozen bucks and it won't do anything to bring silver spot back up to $25 or $30. If your Magic Evening goes badly, you might wake up later behind bars to find that you're facing a vehicular manslaughter rap because you mowed some poor fool down without even remembering it. I don't want to and I don't like it, but I have to ride this one out just like everybody else. Not much to be gained here by getting suicidal or blind drunk. This is a bad news scenario for stackers, but the measure of the individual is in how he/she handles it. Best of luck to everybody...
Sailor Jerry.Ha. I just got back from my tattooist putting a big Sailor Jerry flash on my leg.I probably should have bought 10 oz of silver instead.Havent tried the rum yet.
