You are wasting your money.

Court Jester · Sep 22, 2014

sorry2say said:

I've been a personal investor for several years, sorry to say this but...PM's are a poor investment, and I've talked to many pm investors, ranging from the casual, to the "preppers" to the "gurus". Here are their arguments, and here is common sense.

1. You can make money.

Yes, you can make money, and you can also LOSE money as well. If you had bought silver in '03 when it was $5/oz, and sold it when it was $45 an ounce in 2011, you would of done pretty good.

But..if you bought it when it was 45 dollars an ounce, you would be rather sore right now, and would of had more money had you put it into savings.

2. It will be useful if the world ends, we get nuked, or any other type of SHTF stuff.

No. It won't.

For one, you can't eat it, and it don't really serve a purpose, and who will regulate it? Who becomes the chief trade expert and makes all the rules?

Okay, ounce of a silver for loaf of bread, sez who? I want .75 for mine.

How exactly do you get change, too? Heres an ounce of gold, I expect .924 ounces back, better get a hacksaw and a file, this might take a while.

3. You, nor can anyone else predict the price of it.

I've heard of "$100 silver" when silver was $5 an ounce, 11 years ago, and I still hear it today. Anyone who can predict the price is full of hot air.

You cannot eat silver, you cannot predict it's price, silver does not pay out dividends.

Sorry to say, but there is more money in stocks, and the whole idea is to make money selling it at a premium while duping people into buying it.

The pm dealers are laughing all the way to the bank.
Click to expand...

100% agree with all of that

silver is a waste of money atm and will be for a long while to come there are many other investments that are better to put your hard earned $$ into at the moment.

Court Jester · Sep 22, 2014

JulieW said:

Just a few corrections:

I've been a personal poster on this blog for several years, sorry to say this but...PM stackers are a poor investment in your time if you want to convince us we don't hold money, and I've talked to many pm investors, ranging from the casual, to the "preppers" to the "gurus". Here are their arguments, and here is common sense.

1. It is money.

Yes, you can make currency additions to your pile of currency, and you can also LOSE currency as well. If you had bought silver in '03 when it was $5/oz, and sold it when it was $45 an ounce in 2011, you would of done pretty good at increasing your currency pile and that matters to a lot of people. But you're talking to people who LIKE buying silver not matter how much of a pile of currency it might make or not. It's like getting a complimentary Port at the restaurant and being given the bottle to take home.

But..if you bought it when it was 45 dollars an ounce, and you needed the currency that you went off to gamble that PMs would go to the moon, then you would be rather sore right now, and would of had more currency had you put it into savings, rather than storing your currency as money.

2. It will be useful if the world ends, we get nuked, or any other type of SHTF stuff.

For one, you can't eat it, but for about 5000 years that we know about you've been able to trade it for food and protection. It's called a 'golden rule' because if you have the gold you make the rules.

Okay, ounce of a silver for loaf of bread, sez who? I want .75 for mine - or so some people who want to make a loss will say. A loaf of bread will be available to buy if using gold or silver but not many people will want to eat paper is my guess.

Now if you had a few gold chains, you might take off a few links, that's been used around the world just recently. Heres an ounce of gold, I expect .924 ounces back, better get a hacksaw and a file, this might take a while- is what some people may think, but gold is soft and shaving off small pieces is fairly easy, but most likely stackers also have small change anyway.

3. You, nor can anyone else predict the price of it.

Which is because you can't predict how long currency will hold a value, up or down. It goes up when the relative value of currency goes down and it goes down when the relative value of currency goes up. The only problem is that when currency fails it take about a wheelbarrow or so to light the fire to cook the food you bought with your bit of silver. So I'd suggest stacking wood rather than currency if you want to continue to be warm.

You cannot eat silver, you cannot predict it's price, silver does not pay out dividends, but that doesn't matter because if you're holding silver it will keep you calm and so relaxed that forum posts about its lack of value will amuse you more than cause you liver damage.

Sorry to say, but the people who destroyed money and convinced everyone that government promises written on paper should be in stocks in the public squares of every town and be visited daily by the fishmonger's waste trucks.

If your whole idea is to make piles of currency selling it at a premium while duping people into buying it then you're not really a stacker and more of a dishonest gambler. But no matter your motivations, the people who buy your goods will have money and not just piles of paper when it really matters.

The pm stackers are laughing all the way to the traders as they see people who'll actually swap paper for real money.
Click to expand...

Click to expand...

I stopped reading everything you wrote as the fist alteration you made is 100% false and not correct and never will be again ever any where in the world ever

SILVER IS NOT MONEY, it is a commodity

LovingtheSilver · Sep 22, 2014

Thanks for the post, always good to hear an alternate view instead of PMs to the moon, etc

Golden ChipMunk · Sep 22, 2014

Sorry2say should changes to username TakenApiss :lol:

mmm....shiney! · Sep 22, 2014

LovingtheSilver said:

Thanks for the post, always good to hear an alternate view instead of PMs to the moon, etc
Click to expand...

Why take the time to thank a first time poster for saying something a gazillion others on this forum have already said?

LovingtheSilver · Sep 22, 2014

mmm....shiney! said:

LovingtheSilver said:

Thanks for the post, always good to hear an alternate view instead of PMs to the moon, etc
Click to expand...

Why take the time to thank a first time poster for saying something a gazillion others on this forum have already said?
Click to expand...

Because I felt like it. Is that okay?

mmm....shiney! · Sep 22, 2014

LovingtheSilver said:

mmm....shiney! said:

LovingtheSilver said:

Thanks for the post, always good to hear an alternate view instead of PMs to the moon, etc
Click to expand...

Why take the time to thank a first time poster for saying something a gazillion others on this forum have already said?
Click to expand...

Because I felt like it. Is that okay?
Click to expand...

No.

I spent 2 minutes of my life reading and responding to your post.

I learnt nothing from it and gained nothing by it.

JulieW · Sep 22, 2014

Court Jester said:

JulieW said:

Just a few corrections:

I've been a personal poster on this blog for several years, sorry to say this but...PM stackers are a poor investment in your time if you want to convince us we don't hold money, and I've talked to many pm investors, ranging from the casual, to the "preppers" to the "gurus". Here are their arguments, and here is common sense.

1. It is money.

Yes, you can make currency additions to your pile of currency, and you can also LOSE currency as well. If you had bought silver in '03 when it was $5/oz, and sold it when it was $45 an ounce in 2011, you would of done pretty good at increasing your currency pile and that matters to a lot of people. But you're talking to people who LIKE buying silver not matter how much of a pile of currency it might make or not. It's like getting a complimentary Port at the restaurant and being given the bottle to take home.

But..if you bought it when it was 45 dollars an ounce, and you needed the currency that you went off to gamble that PMs would go to the moon, then you would be rather sore right now, and would of had more currency had you put it into savings, rather than storing your currency as money.

2. It will be useful if the world ends, we get nuked, or any other type of SHTF stuff.

For one, you can't eat it, but for about 5000 years that we know about you've been able to trade it for food and protection. It's called a 'golden rule' because if you have the gold you make the rules.

Okay, ounce of a silver for loaf of bread, sez who? I want .75 for mine - or so some people who want to make a loss will say. A loaf of bread will be available to buy if using gold or silver but not many people will want to eat paper is my guess.

Now if you had a few gold chains, you might take off a few links, that's been used around the world just recently. Heres an ounce of gold, I expect .924 ounces back, better get a hacksaw and a file, this might take a while- is what some people may think, but gold is soft and shaving off small pieces is fairly easy, but most likely stackers also have small change anyway.

3. You, nor can anyone else predict the price of it.

Which is because you can't predict how long currency will hold a value, up or down. It goes up when the relative value of currency goes down and it goes down when the relative value of currency goes up. The only problem is that when currency fails it take about a wheelbarrow or so to light the fire to cook the food you bought with your bit of silver. So I'd suggest stacking wood rather than currency if you want to continue to be warm.

You cannot eat silver, you cannot predict it's price, silver does not pay out dividends, but that doesn't matter because if you're holding silver it will keep you calm and so relaxed that forum posts about its lack of value will amuse you more than cause you liver damage.

Sorry to say, but the people who destroyed money and convinced everyone that government promises written on paper should be in stocks in the public squares of every town and be visited daily by the fishmonger's waste trucks.

If your whole idea is to make piles of currency selling it at a premium while duping people into buying it then you're not really a stacker and more of a dishonest gambler. But no matter your motivations, the people who buy your goods will have money and not just piles of paper when it really matters.

The pm stackers are laughing all the way to the traders as they see people who'll actually swap paper for real money.
Click to expand...

Click to expand...

I stopped reading everything you wrote as the fist alteration you made is 100% false and not correct and never will be again ever any where in the world ever

SILVER IS NOT MONEY, it is a commodity
Click to expand...

Those spellcheckers! But I catch your drift.

See how long it takes silver to be money again when this fiat ponzi falls apart.

anighttrader · Sep 22, 2014

I find a bit pointless to start a debate about investments attempting to prove which is best/worse than another by selecting a time frame in the past right at the first line of the debate. You could prove/disprove anything by choosing dates to suit your argument. I have investments in PM, currency, stocks, real estate and collectibles (don't ask what). At particular points in time one is performing better than the other but that does not mean it is a better investment. I can't eat my real estate either, neither get change for it, but so what? Can't see the logic in that post. Ciao for now.

billbob78 · Sep 22, 2014

I am happy for now.... Today I can get more silver for what I could buy last week... and who knows maybe next week I can get even more... Ain't that why we stack. At one stage a kg silver was costing $800, today $675... If it is becomes cheaper, I will buy again...

silver kook · Sep 22, 2014

What is the panic??? Gold is up in Aussie Dollars! Silver is S I D E W A Y S!

silver kook · Sep 22, 2014

$20 AUD an Oz silver here we come!

longtime silver believer · Sep 22, 2014

What a silly silly argument against PMs.You stated that you can't eat silver or gold , didn't know you could eat stocks, cash or real estate! You said money could be made if you bought silver at $5 an ounce and sold at $45. But if you bought at $45 you would have lost. Dee errrr this applies to all assetts . Real estate and share fall as well. What is the point of this crap.If we get nuked try eating your share certificates.

finicky · Sep 22, 2014

longtime silver believer, you were so right to question out loud whether silver might be in a serious decline.
False Hopes 2013

trew · Sep 22, 2014

sorry2say said:

Sorry to say, but there is more money in stocks, and the whole idea is to make money selling it at a premium while duping people into buying it.
Click to expand...

Yeah sounds like a sound financial plan.

longtime silver believer · Sep 22, 2014

finicky said:

longtime silver believer, you were so right to question out loud whether silver might be in a serious decline.
False Hopes 2013
Click to expand...

We will have our day in the sun.All the paper will 1. Crumble 2. Burn 3. Be used for toilet paper.

House · Sep 22, 2014

CourtJester said:

I stopped reading everything you wrote as the fist alteration you made is 100% false and not correct and never will be again ever any where in the world ever

SILVER IS NOT MONEY, it is a commodity
Click to expand...

Interesting. Silver is recognized as legal tender in Oaklahoma, Texas, Lousiana, South Carolina, Utah and Arizona.

Court Jester · Sep 22, 2014

House said:

CourtJester said:

I stopped reading everything you wrote as the fist alteration you made is 100% false and not correct and never will be again ever any where in the world ever

SILVER IS NOT MONEY, it is a commodity
Click to expand...

Interesting. Silver is recognized as legal tender in Oaklahoma, Texas, Lousiana, South Carolina, Utah and Arizona.
Click to expand...

oh yeah how about you try to take you 1 oz silver coin to any regular store in any of those states and try to buy some fuel or beer with it and see just how "legal tender" it is

mmm....shiney! · Sep 22, 2014

Court Jester said:

House said:

CourtJester said:

I stopped reading everything you wrote as the fist alteration you made is 100% false and not correct and never will be again ever any where in the world ever

SILVER IS NOT MONEY, it is a commodity
Click to expand...

Interesting. Silver is recognized as legal tender in Oaklahoma, Texas, Lousiana, South Carolina, Utah and Arizona.
Click to expand...

oh yeah how about you try to take you 1 oz silver coin to any regular store in any of those states and try to buy some fuel or beer with it and see just how "legal tender" it is
Click to expand...

I'm in Qld and I'll accept your 1oz of Ag.

Boyo · Sep 22, 2014

This troll/man/wraith/ghost is gone..

You are preaching to the converted...but having fun..bravo!

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