Sell me some silver and I'll show you how much the purchasing power of my fiat has increased. You know, the silver that you said I'd never be able to buy back again. C
Yep, you don't hear the Jessie Livermore quote "it's a bull market son" anymore do you? :lol: and yes I"m just below the water line now as well but using my snorkel
Looking at my stack of sterling silver bought in the early 2000s. I think this have stored value. And if converted into fiat it would turn a profit (especially as it was bought with tax free income in a zero tax country, and silver was current spot + cheap labour cost). Silver I bought recently at a high of 32. Yes I've suffered a loss if I converted it into fiat now. But, in 10 years time who knows.
This is the delusional part.... value has been "stored" if price is up. No 'loss' {of value} has been suffered until sold when price is down. You can't have it both ways.
You just gotta win more than you lose. Anyone that tells themselves they can't lose is delusional, and, until you can admit that (to yourself most importantly) then you'll continue to turtle up. Buying at $40/oz and saying you haven't lost anything because you haven't sold = denying you would be twice as rich if you held off and bought today instead.
oooooooooooooooooooooo [youtube]http://www.youtube.com/watch?v=ptzrY7JuG_4[/youtube] or was that the acid