Anyone bored of silver

[ReturnToZero]

then you are not doing it right
my silver has had me on holidays for three years [i am 47]
ain`t going to work any time soon
some of my stamps are at auction
so i can buy more silver [i like the triangular stamps Cape Horn]

And the only way your silver can put you on holiday is if you sell some of it. There is no income from it.

I always hear that quoted - but actually, pm markets being what they are, one can compare that lack of a return to say investing in small or medium cap commodity/exploration/junior producers who haven't established a track of shareholder distributions - and possibly less risky given the performance (and perceived risk associated) in that particular space.

VRS x

Yeah and I'm not gonna retire on my punting stocks either.

 

[grinners]

im have over-read the markets the last few weeks. eyes glazing over a bit

my only concern would be that silver could lose its momentum and thus its investment demand. if investment demand of 300mil ounces a year falls out then the silver price will be in a world of hurt!

 

[pmstacker]

Anyone bored of it? As in, the price isn't shooting straight up so it's boring?

I bought all these oz of silver and now they're just sitting on my table. I kind of wanna sell them and buy things that I dont need i.e car, clothes.

How do you stop yourself from impulse buying

One way to cure it is keep your core position and sell of the rest, open up a trading account and put the left over on the SLV and GLD , then trade it This way you can take advantages of the small price movements and make some $$ or loose some $$ keeping you cured from bordem. You can try options on your SLV options on your GLD and learn abit about trading too. That way your still a silver man but its just *more* fun.

There are people that have ounces of silver and gold stored (physical) but have a trading account and trade the short term to and do shorts on the metal even though they believe the long term trade is to have heaps of silver and gold in storage.

 

[thatguy]

One way to cure it is keep your core position and sell of the rest, open up a trading account and put the left over on the SLV and GLD , then trade it This way you can take advantages of the small price movements and make some $$ or loose some $$ keeping you cured from bordem. You can try options on your SLV options on your GLD and learn abit about trading too. That way your still a silver man but its just *more* fun.
.

Does CGT apply to these and if so is it a nightmare working out CGT on 100s of trades or does software help out there? TIA

 

[pmstacker]

sorry about the "say thanks" i mean to press reply haha.

Yeh it does but its done on your marginal tax rate. So if you are earning 100K and you pull in 10K of trades for that year then you will get taxed on the 110K its like getting a pay rise at work. Its not hard to calculate cause you just declare it to the accountant and they do it for you as like an addition to your income.

It kinda blows (CGT) but hey it cures bordem watching the charts when your only going long to see sudden drops knowing money could have been made and if you earn 10K and loose 5K to CGT then who cares you made 5K anyway , cant be helped cause we live here so just gotta deal with it.

The spreads on the buy and sell of physical is ridiculous and at times feels like day light robbery when you buy it from a coin shop/ebay whatever, or feels like daylight robbery when you sell it to a coin shop. The other thing is if you have a large enough position and you know something bad gonna happen and you wanna sell then you start getting cold sweats while waiting for the physical to sell (felt like that when the elevator went down on $49 silver) so the physical is good for your SUPER SUPER long , stash it, dont look at it never ever get bored cause you forgot you had it.

Rest of the money thats part of your investment money put into metals commodities and trade that, if your already trading silver physical or gold means you already know abit about the market and what to look for, plus you could learn a thing or too in the process

 

[VRS]

and I'm not gonna retire on my punting stocks either.

That's why asset allocation in relation to your risk profile is so important.

Have core holdings in companies with solid fundamentals, earnings growth, divis etc, a chunk of fixed rate bonds and/or preference shares, do proper diligence on any speculative plays such as junior miners/explo (and I MEAN proper), throw 15-20% at oil and keep a sufficient cash balance/buffer handy.

That'll be $500 thank you very much.

Kerrching!

VRS x

 

[Sargeant Argent]

Far from bored lower prices are exciting even with the stale market you're doing well if u bought in the high 20's low 30's its a long term game. I'm hoping for anothee round at 30 and 1600 au so I can add to my humble stack!

 

[pmstacker]

Yeh 30 silver & 1600 gold would be ok, but im sure even the strongest of hands would get a little bit worried if silver hit 15 and gold hit 1000. If anything it would make the long termers mad cause they bought say 2 weeks ago at 30. If gold , silver hit that id be backing up the truck

Good article , bit long but good .. the main theme is "deleverging"

http://nerdinvest.blogspot.com/2011/10/dalio-biggest-hedge-fund-manager.html

Just some points to note:

- 2000 = tech bubble
- 2000 - 2008 = (lower interest rates due to the bubble pop) housing boom (because of lower rates)
- 2008 - 2009 = GFC due to housing boom and lots of other dodgy stuff
- 2009 - 2011 = GFC recovery due to stimulation but banks sick backstopped by government
- 2011 - beyond = soverign debt problems (bail out come from god, come from stronger countries which will eventually make them sick, print into oblivion or deleverage - which at the moment is what it looks like )

If deleverage is anything like it has always been in the past it means all asset classes down because people sell their assets , housing, gold, silver anything else to pay back debts they may have occured to buy that house or that gold or that silver or whatever other investment. Maybe you and I dont borrow to get gold but the heavy weights of the investment world are leveraged to their eye balls , plus i dont know what hocus pocus the euro used to turn 400,000,000,000 into 2,000,000,000,000 to make the bailout viable but im sure it involves some sort of blackmagic with leverage at its center.

My take on it is there will be some excitment coming soon but not sure which direction it is, if they bring on the printing press to fix it it will be moon style for metals but if they deleverage, like what i kinda am noticing now then its going to be down .. meaning keep powder dry until certain indicators or events have played out

 

[ReturnToZero]

and I'm not gonna retire on my punting stocks either.

That's why asset allocation in relation to your risk profile is so important.

Have core holdings in companies with solid fundamentals, earnings growth, divis etc, a chunk of fixed rate bonds and/or preference shares, do proper diligence on any speculative plays such as junior miners/explo (and I MEAN proper), throw 15-20% at oil and keep a sufficient cash balance/buffer handy.

That'll be $500 thank you very much.

Kerrching!

VRS x

No need to preach to me about asset allocation.

Tell that to the guys who swear by holding 100% PM and want to die with their holdings. Why?

 

[Nugget]

If there are things you need, there's no point letting the silver sit dormant. That's it's purpose - money. On the other hand, think of it this way - If you exchange it for something else you don't need, that something else will deflate/get old/ become obscolete/ rust/ break/ lose it's shape/ be excreated/ stain/ rip/ go out of fashion/ also become boring/ make you sick/ destroy your sex life/ or whatever. But whatever you exchange it for (unless it's gold), will almost certainly head towards zero....

I agree 100%


I had, what was for me, a decent stack. I used it on something that I have zero regret spending it on. I'm now in the process of rebuilding that stack and whilst it's being done at a higher spot and at a lower amount of overtime, it is being rebuilt.




Anyway's - Boring is good. Personally I'd like it nice and stable. Sure the flippers amongst us may have a tougher time but I'm happy as larry for the price to be stable.

 

[pmstacker]

If there are things you need, there's no point letting the silver sit dormant. That's it's purpose - money. On the other hand, think of it this way - If you exchange it for something else you don't need, that something else will deflate/get old/ become obscolete/ rust/ break/ lose it's shape/ be excreated/ stain/ rip/ go out of fashion/ also become boring/ make you sick/ destroy your sex life/ or whatever. But whatever you exchange it for (unless it's gold), will almost certainly head towards zero....

I agree 100%


I had, what was for me, a decent stack. I used it on something that I have zero regret spending it on. I'm now in the process of rebuilding that stack and whilst it's being done at a higher spot and at a lower amount of overtime, it is being rebuilt.




Anyway's - Boring is good. Personally I'd like it nice and stable. Sure the flippers amongst us may have a tougher time but I'm happy as larry for the price to be stable.

Well its good for flippers too cause if you manage to get a lot of X coins for dirt cheap you know what when you get home the price isn't going to be to much less.

 

[spannermonkey]

YEP ,I got sick of playing with bars & coins :lol:

 

[boneyard]

Oh jeez. That's my biggest fear, waking up and thinking shit I've wasted my life.

To date i'm living to please other people - working a job, saving, investing, blah blah

Must.. change... course now. Possibly overseas!!

[philosophical_mode]

A life is a process. It's a series of experiences, one after the other. You can't "waste" your life unless you choose to waste each experience. And any experience, happy or tragic, has the seed of a good life planted in it somewhere, it's a case of pursuing the good from that experience. Travel is great, it broadens the mind and leave fantastic memories. But working is also great if you can see how your work makes a difference to someone else. If you enjoy it, all the better, but if not, then pursue something more engaging.

Now I can be the most cynical b*****d on the planet, and sometimes I'm sure I am, but if there is anything I have learned, it's that the events of your past can only dictate the shape of your future if you let them. And the older I get now, the more convinced I am that the thing most likely to cause you to waste your life, is the fear of wasting your life.

So the silver spot price isn't very exciting at the moment, that doesn't mean that silver in itself is a problem. Do you enjoy the idea that it's a safe haven? Do you enjoy the look and feel of it? Do you enjoy its history? The thought of its possible future? Then enjoy it for those reasons, and don't pressure yourself that spot has to go to the moon tomorrow for it to be worth something.

As I said, life is a series of experiences. Don't try to live them all in a week.

[/philosophical_mode]

Hope all are well,

May I request this as post of the week?

There have been many other AWESOME posts, but this one got my fingers on the keyboard.

aveagoodweekend

 

[Turk]

May I request this as post of the week?
There have been many other AWESOME posts, but this one got my fingers on the keyboard.
aveagoodweekend

totally agree... thanks

http://forums.silverstackers.com/to...am-overnight-spot-watchers-spot-page-116.html

 

[940palmtx]

Historically, silver is actually quite volatile these days.
You are best served buying some impressive car.
Impressive cars cure boredom.

I buy silver....
and by coincidence have a silver sports car? does that count? xD

I buy silver and gold and have a silver SHO and a gold mx6 I never put the two together till now LOL thanx

 

[Pirocco]

Anyone bored of it? As in, the price isn't shooting straight up so it's boring?

I bought all these oz of silver and now they're just sitting on my table. I kind of wanna sell them and buy things that I dont need i.e car, clothes.

How do you stop yourself from impulse buying

If you are bored then just swap your silver for dollars on a bank account. That's much more entertaining, you are even guarantueed to see your amount increase because the intrest rate is nearly always positive. In Belarus they even give 30% extra every year. [sarcasm]WoW! I would sell my shoes to increase my bank account there.[/sarcasm]

 

[Philski]

borrring,,,! you can make firecrackers with silver
how much fun do you want..

 

[940palmtx]

Learn to make jewelry with silver...I did. You could also join a club in your area, you might enjoy going to meets and swaps.

 

[smokey]

borrring,,,! you can make firecrackers with silver
how much fun do you want..

or

go bigger
500 ounces in every cruise missile