Am I watching my life savings go down the plug hole ?

T

the optimist

New Member
I'm feeling very nervous about silver prices being in free fall,

I've put all my eggs in one basket here, I'd been saving heavy and built up a nice big pile of cash which I put into silver bars and gold coins,

I went all in in the summer, every penny I've ever saved is now tied up in PM

Don't think I'll ever get to retire now, think i'll be working till the day I drop dead at this rate !

It's not looking good is it ?
 
We are in the despair cycle...hold on a little longer....metals will probably trend cautiously upward in about a year....

8838_silver-bubble.png



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If it's savings then just put them aside and check the price in a year.

UK is in such deep debt that ultimately you'll not be sorry you own silver.
 
How can you believe that your life savings are going down the plug hole when you have physical metals? They are not deteriorating like uranium, they don't weigh any less. I mentioned in a post a couple of days ago that there would be a smackdown.

This is the last hoorah for fiat. There has never been a better time to hold PMs. I've been all in for over 6 months now with over 50% of my 4 years of stacking accumulated during this last dip. I'll be heading out again today looking for bargains.

Hang tight and you'll be able to tell your grand kids that you were ready for the crash of 2014!
 
sammysilver said:
I'll be heading out again today looking for bargains.

Hang tight and you'll be able to tell your grand kids that you were ready for the crash of 2014!
Click to expand...

I hope your right, I've been thinking the same for the past year thats why I dived in at the deap end. But this last few months has has me questioning my own judgment, it's just a case of holding on and weighting I guess.

I just wish I was buying right now instead of when I bought in March at $900+ a kilo
 
Liverpool will be top come saturday, if you're a toffee then the world will really suck :lol:
 
the optimist said:
sammysilver said:
I'll be heading out again today looking for bargains.

Hang tight and you'll be able to tell your grand kids that you were ready for the crash of 2014!
Click to expand...

I hope your right, I've been thinking the same for the past year thats why I dived in at the deap end. But this last few months has has me questioning my own judgment, it's just a case of holding on and weighting I guess.

I just wish I was buying right now instead of when I bought in March at $900+ a kilo
Click to expand...

You misspelled waiting, but the truth is, holding and feeling the weight of your PMs in your hand is reward enough. Also think about how much money you haven't spent having your money tied up in PMs. I'd be lucky to have a quarter of my investment if I hadn't squirrelled it away in silver.
 
sammysilver said:
Also think about how much money you haven't spent having your money tied up in PMs. I'd be lucky to have a quarter of my investment if I hadn't squirrelled it away in silver.
Click to expand...

A very good point
 
Why did you put all your eggs in one basket?

No one in their right mind does that...well...there's some Bitcoin nut-jobs that would be in your category but they're all multi-millioaires and light their cigars with 100 dollar bills. ;)

On a serious note...I don't believe you.

H
 
Holdfast said:
Why did you put all your eggs in one basket?

No one in their right mind does that

On a serious note...I don't believe you.

H
Click to expand...
"Eggs in one basket" I did it because I thought silver & gold was as safe as houses looking at its 3000 year price history

"No one in their right mind does that" believe me I know that now !

"I don't believe you" bit of a strange comment
 
I puts few eggs in the BTC/LTC basket. Now they're worth more than all the gold and silver I've owned.

Mike Maloney was right about the exit from FIAT. And the wealth transfer. But wrong about the asset class.
 
Holdfast said:
Why did you put all your eggs in one basket?

No one in their right mind does that

On a serious note...I don't believe you.

H
Click to expand...
"Eggs in one basket" I did it because I thought silver & gold was as safe as houses looking at its 3000 year price history

"No one in their right mind does that" believe me I know that now !

"I don't believe you" bit of a strange comment
 
the optimist said:
"Eggs in one basket" I did it because I thought silver & gold was as safe as houses looking at its 3000 year price history
Click to expand...

?? You only have to look at a 5 year trading history for silver to see it isn't "As safe as houses"
Fair enough if you think silver is going "to the moon" you buy up big.. but understand its a huge risk. (the bigger the expected reward.. the bigger the risk-Always)
 
How Ironic... Smell the sweet sweet irony all round..

ha ha ha, ha ha ha, and a couple of fra la la's .. thats how we laugh the day away in the merry old land of oz..

1for1
 
Somehow the drop in prices have not affected me so much but instead has opened up many opportunities.

Should change your strategy during low spot prices.
 
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