Yep. Spot on. You'd have to be an arsehole to enjoy rubbing people's financial losses in their face. That or an attention whore... Or both.
LOL... lets think about it this way then... Stock's were great back in 2004+ but so was metals.. especially gold seeing amazing prices now if you invested 100000 buck's into stocks or gold.. who would win? Gold would win.. why? because in 2008 of course we all know everyone got owned by the stock market.. but what happened to gold? BRING ON DA MONEY BABY BRING IT DONT STOP lol
um you couldnt be more wrong even if you tried. if you invested 100k in gold in 2004 or the stock market (asx 100) your shares + dividends would be significantly ahead of where your gold would be currently
In my view, Jester's point is well taken. There's absolutely nothing wrong with valuing things against a stable fiat currency. Virtually all stackers I bet value most products in a fiat currency. For example, when we are in the market to buy a home do we immediately think to ourselves 'Oh, a similar house i looked at last year was 9,347 oz of silver less than this one'? Don't think so. We resort to valuing things in a stable currency. There's nothing wrong with valuing an investment in a currency. Silver, on a short term scale in the past couple or so years compared to most paper (stocks) investments has done poorly by any standard that I can think of. Ultimately, most stackers will end up valuing their silver in a fiat currency anyway when they sell their silver. Ten years down the road when your spouse or child needs very costly life saving or major medical treatment that your insurance does not cover, if you have no means of paying for it other than selling some of your stack, you will very likely be valuing that silver in a fiat currency....like it or not. .
not ignoring anything they are the facts if you invested 100k in 2004 in gold or the share market and HELD them until now you would be significantly ahead with the shares.
so what is your point. We are not Cypress, and are a long lon long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long way from that happening here someone had this house broken into recently and their silver stolen does that mean we are all going to have our silver stolen because it happened somewhere once and therefor silver investment is risky?
Village Idiot, you keep referring to the "share market". Be specific, as many shares went down as up. Did you have a crystal ball that allowed you to invest in the better stocks? Did this ball tell you to sell in 2008 before the GFC? Broad statements diminish your argument. Silver Stackers is a "can do" community, hypertheticals are wasted here.
the share market as a whole wen up 18% last financial year that is the all ords you can make your own investment decisions but I personally stick to the ASX 50 they generally have performed well over the last year. yes village rain dancer who brings no rain and calls the wise man an idiot for your stupid prediction that have no basis in reality who thinks they can bring rain (or silver price increase) by dancing around and shaking a stick.
no it does not, go and look for your self you can currently get 3.5-4+ % term deposits, It does not have them listed in that spreadsheet. It is the base cash rate only.
Don't forget that for people who have a decent income, most bank interest creates a tax obligation each year. Yet with many investments (including PMs) you can choose the most tax effective time to cash out.
The same is true with stocks or property or most other investments. and yes I agree they do have some tax advantages vs cash in the bank but its still sad when cash in the bank is as good of an investment long term as silver / gold
My point being that the compounded interest calculations don't seem to factor this in. This puts the compounded interest calculations out by a huge factor when ~40% of the interest gets taken each year.
http://www.rba.gov.au/statistics/tables/xls/f04hist.xls Yes I understand you can currently get 2% more on deposits than the cash rate But you've just assumed that has always been the case without checking any facts
Based on what stats ????? Gold was $550 aud in 2004 and is now $1400 All ords was 3500 in 2004 and is now 5500 What numbers are you using for your assertion ? Source ?
Happy that people refused to pay 18% more like those that went for stocks! Now! Higher price of whatever is less whatever!
What are you on about????? people killed themselves over that 2008 crisis and here you are saying you will be ahead... how can you be ahead when you completely whipped out?
