How many years ago...

Discussion in 'Silver' started by hawkeye, Apr 15, 2013.

  1. hawkeye

    hawkeye New Member Silver Stacker

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    Would you have had to bought silver and actually be showing some type of profit right now?

    And how many would it have to have been to actually have been a decent profit for all the years you have held it?

    Right now, I am calling it. I don't care if it goes up 100% from here, it was still, for me, a bad investment and I should have sold more when it was around the 40 mark. Only then could I call it a good investment. 40 now or tomorrow? Or 50 even? No.
     
  2. SilverSpurs

    SilverSpurs New Member

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    If I were you I would sell it all before it's worth nothing.
     
  3. Phiber

    Phiber Active Member Silver Stacker

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    The back up the truck and to da moooon brigade is on it's way... :)
     
  4. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    I think there'd be a few older stackers (from 2009/2010~) who are now in the red through their dollar cost averaging strategies. Unless they've taken profits through buying/selling a little whilst we were in the 30's.

    I agree with the bad investment part - though expect backlash, people here are VERY set in their ways. Any contradiction to the norm results in some tempers being shown.

    It'd be like me calling your new born baby, "ugly".
    Even if it's the most hideous thing known to this entire universe, you still think it's the most awesome thing ever. Could do no wrong!

    Or if that's too harsh of an analogy for you, here's one I prepared earlier:
    [​IMG]
     
  5. libertadiac

    libertadiac Member Silver Stacker

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    Before 2005 ( edit 2006 ) or end 2008 - bearing in mind that from 2000-2005 au dollar varied from low in 2002 of 52 us cents to around 78.
    [​IMG]
     
  6. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    I went into the red when it dipped below $26.

    If I wanted to make money out of it I should have listened to my wife and sold half when it hit $49 but I was waiting for the magical number $50.

    On the other hand I have probably wasted more money on beer and nightclubs than I have ever spent on silver, that still makes silver a better buy, even at this current price.
     
  7. hawkeye

    hawkeye New Member Silver Stacker

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    Not selling, because there's no point. If and when it goes parabolic though I'm out.

    What I should have done is stick with what I know. I know IT, not mining. If I'd done that, all would be well now. My decision though, not blaming anyone. Just pissed off with myself for listening to others and feeling the need to rant.
     
  8. Melty

    Melty New Member Silver Stacker

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    I started in 2006. Price was $10/oz.

    I loaded up in Nov 2008 @ $9/oz.

    Same thing happening now as it happened at the end of 2008.

    IMO if the system collapses then why not max up the credit cards for some free stuff now. I always have enough $$ to make the payments tho.

    By the beginning of 2009 I was up to 45k in cc debt, I owned 10 oz of gold, 2 oz platinum and 600 oz silver.

    Last year I had 1oz of gold 200 oz of silver and 2k in cc debt.

    Now I have 1 oz of gold, no platinum and around 400 oz of silver and 10 k cc debt.

    By the end of the year the cc debt will be over 20k. Moar gold and a wee bit more silver methinks. :D


    BTFD!
     
  9. willrocks

    willrocks Well-Known Member Silver Stacker

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    I started stacking in late 2008. First 50 oz bars were at $13 per oz. I think if I sold now I *might* be slightly in the red.
     
  10. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    Meh. The portion of my stack that I have left is in the red but the reasons why I bought it are still as strong as ever - if not stronger. I was never in it for speculative "to da moon" reasons so I really don't care.

    Would I rather have my underwater silver versus fiat in the banks, public share market, REIVs etc. Damn right. I sleep at night because I have silver stashed in a cave somewhere not because I am worried about its day-to-day price.

    Does anyone regret taking out fire insurance when they see the bushfire miss their local region?
    Does anyone regret advocating for civil liberties?
     
  11. Naphthalene Man

    Naphthalene Man Active Member Silver Stacker

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    i started in 2009 at $15. Am close or just in red with what i have left if averaged though.
     
  12. Auagau

    Auagau Active Member

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    Don't forget the opportunity cost!

    You could have made > 20% in those 4 years through a (practically zero risk) savings account.
     
  13. hussman

    hussman Member

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    I dont get it? Is this a good thing or a bad thing for you?
     
  14. hussman

    hussman Member

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    True, but most of us learn't a heck of a lot of stuff by investing in gold and silver. Can you put a price on that?
     
  15. hiho

    hiho Active Member Silver Stacker

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    and if you held it in cash you would be 7% per annum compounding worse off over that time. This is what they want the weak hands to leave.
     
  16. bloomst

    bloomst Well-Known Member Silver Stacker

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    Is this pre or post marriage? Because if its post...I would like to learn how. :D
     
  17. Naphthalene Man

    Naphthalene Man Active Member Silver Stacker

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    No i sold a stack for a property deposit so am very happy and believe that it was the best decision.
     
  18. Auagau

    Auagau Active Member

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    7% worse off compared to what exactly?

    Not in terms of gold, silver, property, oil, postage stamps, 1L of milk...
     
  19. hiho

    hiho Active Member Silver Stacker

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    i'm comparing PM's to cash in the bank, inflation kills most investments
     
  20. markcoinoz

    markcoinoz New Member Silver Stacker

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    I don't get it either.

    Going by your figures the $8k difference on your cc debt between last year until now means the extra 200oz of silver you accumulated has cost you $40 oz plus interest on your cc :|

    Cheers markcoinoz
     

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