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The great bust looks like an interesting book I'll have to read it if I can get hold of it.

To be fair VRS it didn't stay around the $26 mark for very long and rebounded very sharply and quickly meaning a lot of people simply didn't have a chance to actually react to the drop as it happened too fast and didn't stay down for long enough meaning they actually didn't have time to buy...

Just out of interest Auspm how many hours do you think you spent (including travel time) during those 25 detecting excursions?

What surprises me about the ASX is currently how few bargains there are (my personal observations only) despite the price having fallen so much since the 2007 peak (in comparison to 2009 which was full of real small cap bargains).

Perhaps institutional investors are finding it hard to get hold of large amounts of physical and don't trust the Comex or SLV hence the ridiculous premium of PSLV? Just one possible explanation. The other explanation is ignorant retail investors blindly bidding up the price, or chart traders...

Jackbrown there is no rule that says you have to hold the same shares forever. Index funds don't hold the same shares as you have aptly pointed out and neither should individual investors (with some exceptions e.g. Coca-Cola type companies) If you hold shares in a company at its prospects start...

Bullion Barron I tend to agree with you. Prices on SilverStackers in general have been worse than dealer prices lately. :(

Non-recourse unless you think all companies are going bankrupt (I doubt it) then there will be some buying opportunities emerging over the next 6 months. People can lose their shirts in any investment (including property) not just shares. I just don't get what is with you and the equities bashing?

Fishball history has shown that a 'concentrated' investment approach e.g. think wealthy businessmen with one main business as their primary asset, or property moguls, or Warren Buffett during his younger years, etc has been key to building large fortunes whilst a diversified approach is often...

I ten to agree with Warren Buffett that in relation to debt "If your smart you don't need it, and if your dumb you have no business using it". If your smart you'll eventually get rich if your patient enough (sure debt could speed up the process) and if your not smart you'll get yourself into...

Auspm there's a difference between merely preparing for financial Armageddon (i.e. me) and actually relishing the prospect of it happening. Yes I will be looking out for myself as opposed to others if TSHTF but it doesn't mean I will enjoy the situation.

Auspm sure I can roll the dice but I don't have a family to support, am debt free, have some assets and live with my parents so I can have a greater capacity to withstand difficult economic times. I can afford to roll the dice but can you?

Auspm be careful what you wish for. A rising tide lifts all boats and a sinking ship drowns passengers. If the economy does eventually tank and reset it will be a process that takes many years. In the meantime you will probably do it tough and our job may be under threat. How much savings do you...

Auspm don't forget you live in this country so if this country eats shit you'll probably ending up eating some too as collateral damage. :) So I'm not sure if hoping for the downfall of others is a good idea if it hurts you too. For example at work let's say you have a dickhead boss who sucks...

So everyone on this thread agrees that Gerry Harvey is a has been. He used to be an innovator, a problem solver and a doer. Now many years of success turned him into a complacent whinger, which is often what happens to a lot (not all though) of highly successful people. He is in the process of...

With a potential takeover bid for the company on the cards the share price has rallied strongly over recent months. It looks like those who jumped in after the last profit downgrade have been well rewarded.

Finicky thanks for highlighting the risk side of things which I always urge forum members to look at when investing in unprofitable mining companies.

An interesting article about the strengths and weaknesses of various currencies. http://www.europac.net/sites/default/files/special_reports/Five-Favorite-Currencies-Special-Report.pdf

Funny how when stockmarkets tank 5-10% in one day people say thats normal and expected. But when precious metals drop that much in a day everyone always cries manipulation.

Man this silver crash sucked this time it only stayed under $30 AUD for a day. Not enough time to actually have the time to find some silver at a reasonable price to buy. By the time you find something and plan to buy the next day i.e. today the price rocketed back up. I'm so pissed off. I swear...