My thoughts too! I hope all crypto's crash big time and then fade into oblivion where they belong coz they backed by nothing.
It never ceases to amaze me the amount of people on this site that are happy to see people lose their money because they're not in agreement with how fhey made it in the first place. Have you guys not consideted that pretty much anyone holding crypto for more than the last year or so has probably skimmed along the way to now own free metals and are now free carrying Crypto? How has silver performed by comparison over the last year or more? Remember the name of this site? Nobody joined here to discuss Crypto. To me, holding both is a smarter than lumping all your eggs into one basket. Especially if they both have essentially come for free.
I have been stacking for 14 months now. Not that long I know but it's just depressing looking at how much I could have made if I was in Bitcoin or litecoin. I'm sitting now with near 1700oz of silver and if I sold all now I would loose money. Anyone else feel the same? A bit depressed
Welcome to the folly. Look at long term charts. They won't tell,you what silver WILL do, but they will tell you what it HAS DONE. Silver, despite the manipulative psycho propaganda, and as time has now proven RARELY lands on DA MOON. If I was you, and I'm not ... I'd just hang onto it. If you're young enough you'll have years in front of you, and you may well get a modest, tax free return. If you're older, as I was when I got sucked in (of my own accord) you might look at handing it on to your family, should you be a family person. I am not an investment advisor and have not intended to offer investment advice. I'm simply (in part) commenting on the bullshit hype that has surrounded this commodity since the early 2010's. It proved that the "greed lever" in people is soooooooooo easy to pull. Better than the pokies though, coz at least you've still got something for outlay. In my honest opinion, over a long term, silver just puddles along. A wise man once said, "it can be part of an overall asset portfolio, but total investment shouldn't exceed 5% of portfolio. I had a stroke and have a memory problem, so I can't remember who that wise man was.
No, not really cause I never looked at silver as an investment as such, it was more to do with wealth insurance for when our currency collapses. If I wanted to make a quick buck then I would have put my money elsewhere.
Look at bullion graphs vs currency collapses. Look at bullion graphs vs war and depressions etc. Look at any graph you like. You'll see it's ALL bs.
Lol. Where is this "elsewhere" re the quick buck. Why not put ALL your money there ??? Why bother with this bs. One long, slow, painful lesson in life is the only quick bucks are potentially linked to a very short life.
There are plenty of places to put your money, it all depends what you want it to do for you. If you believe cryptos are the answer then put your money there, if you believe the share market is the answer then buy up big, but sooner or later these are going to crash big time, even real estate prices aren't going to soar forever, with everything in life ( investment wise) prices rise and prices fall. As they say, it's wise to buy when it's low and then sell when it's high. Some of us believe that low silver prices won't and can't last forever, maybe not in your lifetime but in someone's else's lifetime.
Same here. US economy will fall sooner or later, debt is unbearable. It already happened in 1873 Germany and 1929 US.
Rest assured. All fiat currencies have failed in the past and this system will be no different. It has been abused.
If you bought 10 years ago you basically haven't made a cent if you are still holding. How about 30 years? Wow, you've tripped your money. You would have got the same return on cash at 3.7% compounded quarterly over the same period. Results have proven that silver sucks unless you time the peaks just right (only 2 major ones in 40+ years) and sell.
Some of us are not interested in a bigger number of FIAT notes, we just want a bigger STACK. It's surprising how it relaxes you when you get into that mindset. _JLG.
Yes you are right and the reality of it is even worse had you bought your silver at double the prices in late 2010 you would be carrying a 50% LOSS. Disastrous. Here is why I am speculating on silver right now. The price is fairly low at the moment so any up swing is possible. And the doozy is our currency. Some economists have predicated our AUD might get to somewhere between .60 and .70c. So buying Silver now at .80c to the USD could be a good strategy if our dollar poops itself. I've seen the AUD down to .49c against the USD. If that happened now the price of silver could just stand still and you would still make 60% on your stash just through the depreciation of the dollar.
I don't think any one is gonna have a wind fall any time soon . Year after year the excitement talk of $100 per ounce along with amazing stories said of silver or sliver is running out ,results in a turtle walking across a street . I buy silver price averaging year after year & I'm glad I have it . I will continue to buy it , the loss or gain matters not To have it matters silver can drop to - $7 - $5 possibilities are endless But what I can tell you is this forcing ones self to buy silver has a cause and effect. First you work harder to earn to pay expenses of life and grow the stack in relation to your real finical wealth ability . It's a personal thing , my stack dream is another's pinkie ring For sure just have it .
Silver has two major spikes in 100 years. 100 years. Good luck calling the next one. (Inflation adjusted)
