I think you will find that selling silver at the present top (from my records I got $53 - $55 for 1oz koalas), and buying 6 pamps at 1217 (ABC price today) was quite profitable.
Brilliant Call. You remind me of the options traders putting "Covered Calls" on everything. No matter what happens - they can't lose... but they don't win much either.
Ur now attacking my trading? Dude... been short from 48 and 46. Covered this morning at 39.39. I've made 30k this week from shorts alone. Any random trading call you want to throw at me... I'll throw you two back... you can't survive 10 years in this industry otherwise. I actually lose more trades than I win... thats my trading style... tight stop losses but let the big ones run. working well so far. lol... newb.
Purchasing kg blocks is always profitable over coins because of the extra leverage gained (more tin).
That was the plan when silver goes up to sell more high premium stuff and get more metal. But I think you will find that even if you reduce the premiums to bar premiums I made an easy 13% profit which was reinvested in bars now which is 25oz free. I also traded 150pcs 1966 50c to a local dealer for 1 lunar gold rabbit and 1/2 kangaroo and $280 in cash. If I traded back thats another 10oz free (w/o premiums). All I am saying is there got to be more to your investment strategy than buy, hold and pray.
I'll believe you got back in at lower prices when you confirm you have... Until then i'm assuming you've found another hot property to plough your silver fiat into
I like the odds of physical silver not selling under $1000/kg again... They surely are a shitload better than the odds of it selling under $1000 again
I don't have the goolies to put up a you tube vid calling silver 'cause i'm not trained in finance and don't know enough about the market... now if it was drilling... Excellent work for those confident enough in what they know to state it loudly. At the end of the day no-one should be concerned about looking good in front of others 'cause ultimately no-one else gives a toss and it is a waste of your energy and time. Basically if others want to throw their money in the river then they can. I don't care. Good on you John for being bold enough to dump the silver. Rightly or wrongly i'm not that confident yet and as others have said, i'm not too sure why you cop the criticism. End note: I have watched your vids occasionally but don't watch any youtube vids regularly. Maybe i should.
I can't speak for others... but I've been buying gold with silver profits. Looking at the prices now... I've got about 2 ounces of gold free having sold silver where I did vs what it is now.
I would suggest that if someone finds that the buy or sell opinions or actions of other people upsetting, then they need to sit back a bit and take stock of their situation.
But MUuuuuuuuummmmm, he started it! Ok - Point Taken. When baited - don't retaliate... just cop it sweet and bless the hands that mock you.
Yup. I think it's taken brass ones to 1. tell the whole world what you are doing and 2. actually do it. You can't re-write history when your videos are out there for all to see. There is no way in hell I would be making my decisions publically available to be scrutinised. So, kudos to you.
I say when baited bite like a marlin !!! tell the truth & make em eat humble pie .... ive always been a bastard of a kid :
well 2 ounces of gold free is nothing to be scoffed at! Personally i admire what you've done, even though i wouldnt have done it, but thats just because i dont have the technical knowledge to trade short term. you clearly do so good for you mate. i'm in it for the long term ... one doesnt need to be a genius (enter YKY) to make good tin long term using physical silver... On a positive note, i did manage to increase my stack by nearly 2% today at the current low prices so i'm happy
