False Hopes 2013

Auspm said:
Pirocco, I speak mostly from the position of experience in this game and knowing that giving happy advice and looking to promise something not within your control is just not worth the grief.

Around these parts especially, there's a lot of vitriol and spite expressed from those who bought high and felt they got 'stung' by community consensus that lead them to believe silver would 'go to da moon' Rawdog style.

It didn't happen and we had a lot of negativity and resentment settle in after the fact.

Point of the matter is, at least half the people in the game feel this was not only a likely event, but imminent and expected (like property) to make a fortune simply because they jumped in on the wave up.

The thing they didn't estimate correctly is that unlike other investment options, Silver and Gold is not in the government's interest and they act to hammer the price down, not up.

Moreso, losses in the market will not be counter balanced by the tax payer, so people coming in and expecting a free (and easy) ride felt they got cheated.


After you've been here a while, you'll note the bullshit factor has gone through the roof and if things don't pan out as people expect, fingers are pointed.

I find it's far better you quite frankly tell people to just do their own due dilligence and be done with it.

I'm still stacking today as I have always done, but the reason why I'm in metals is different to the Rawdogs out there - and my expectations are built over the long term.

I find the more you speak out here supporting the boom theory in metals, the bigger the target on your back.

Better to stand back and say 'you know what bud? You work it out yourself. It's your money, you accept your own responsibility on how you invest it'

Seen this caper too many times over the recent years to even bother with it anymore, we get at least one 'should I' post on these forums every day or two now and it's just not worth the hassle.
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I understand your point of view. Yet, I'm trying to help, in the degree I'm able to, those that try to do the same as me, and like you say, it caused a target on my back, because some rely on others mistakes in order to get free dollars.
On the Kitco forum, after seeing yet another topic that asked if it was a good time to buy, I answered what you said here, if you have no clue about a market better just stay out of it. I received a moderator blame for it. I just stopped posting there completely. So as you say, you become a target. But it's the opposite way in my case, it's because I do NOT support the "boom/price explosions theory".
 
Pirocco said:
I understand your point of view. Yet, I'm trying to help, in the degree I'm able to, those that try to do the same as me, and like you say, it caused a target on my back, because some rely on others mistakes in order to get free dollars.
On the Kitco forum, after seeing yet another topic that asked if it was a good time to buy, I answered what you said here, if you have no clue about a market better just stay out of it. I received a moderator blame for it. I just stopped posting there completely. So as you say, you become a target. But it's the opposite way in my case, it's because I do NOT support the "boom/price explosions theory".
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Preaching to the chior mate.

I've been slapped down here by mod and member alike and seriously give less than a fk anymore. Probably over 10k posts in my time here 'trying to help', but anytime you post anything that someone doesn't agree with, they throw crap at you like an insane monkey on crack.

Like anywhere, when you get a big room of people looking to make money, you'll get a serious number of opportunists, bullshit artists and conartists all looking for a slice of the action too.

I'm just saying that here, there, anywhere, you're better off just zipping your lip and letting people learn themselves.

It's just not worth 'trying' to help when ultimately you'll be held accountable for it if it doesn't work out as others had hoped.

I don't know how many times I've been a strong advocate of the fundamentals here and just been steamrolled time and again by people looking to cash in.

Trust me, SS is no better than Kitco on many levels. But that's the nature of big forum community politics and an influx of people who don't share a common agenda.

For many SS members, about the most we have in common at all is that we own silver. Yeah, big deal.
 
mmm....shiney! said:
I get crap thrown at me because I'm a dickhead.
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In Philosophical Transactions of the Royal Society B (vol. 367 no. 1585, pp.37-47), Hopkins, Russell and Schaeffer found that chimps that are better at throwing faeces also have much better communication skills with the KNOB region of their brain more developed.

No sh1t - it's a real study :D
 
longtime silver believer said:
Is it time to bail out?Have a really good think about it .How many of us are actually in front in this game of stacking? We all start with enthusiasm ,we buy over a peirod , we buy more on the dips,we are strong and stick to our belief in PM's.But many a times we are disappointed.Just think of the money you have tied up in bullion not earning rent,not earning dividends ,not earning interest.With all these bail-outs ,money printing,stimulis aren't PM's suppose to rise?(please don't say you want the prices to go down,so you can back the truck up etc...if the price goes down...you lose,plain and simple.)Printing banknotes is supposed to increase the prices of Gold and Silver.Well they have printed,and printed BIG time and the are still printing so what is going on? Are Gold and silver really that scarce ??? I am starting to doubt it.You may try and say to me"another weak hand" this is NOT true I have been in this since 1980.What about inflation PM's should be much ,much higher just to keep up.Sorry to be disillusioned but I just wanted to say it.
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Know how you feel. My portfolio is down 48% :/
 
bordsilver said:
mmm....shiney! said:
I get crap thrown at me because I'm a dickhead.
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In Philosophical Transactions of the Royal Society B (vol. 367 no. 1585, pp.37-47), Hopkins, Russell and Schaeffer found that chimps that are better at throwing faeces also have much better communication skills with the KNOB region of their brain more developed.

No sh1t - it's a real study :D
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So is that a good thing? :D
 
^ I think it means that it's scientifically-proven that throwing crap makes you a knob-head. ;)


Back on topic. Time to sell? Nope. Unless you want to.
 
Terry88 said:
longtime silver believer said:
Is it time to bail out?Have a really good think about it .How many of us are actually in front in this game of stacking? We all start with enthusiasm ,we buy over a peirod , we buy more on the dips,we are strong and stick to our belief in PM's.But many a times we are disappointed.Just think of the money you have tied up in bullion not earning rent,not earning dividends ,not earning interest.With all these bail-outs ,money printing,stimulis aren't PM's suppose to rise?(please don't say you want the prices to go down,so you can back the truck up etc...if the price goes down...you lose,plain and simple.)Printing banknotes is supposed to increase the prices of Gold and Silver.Well they have printed,and printed BIG time and the are still printing so what is going on? Are Gold and silver really that scarce ??? I am starting to doubt it.You may try and say to me"another weak hand" this is NOT true I have been in this since 1980.What about inflation PM's should be much ,much higher just to keep up.Sorry to be disillusioned but I just wanted to say it.
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Know how you feel. My portfolio is down 48% :/
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Hope it goes well for all of us this year.I think is good that stackers can vent their frustrations and disapointments in the metals game without being critisized from fellow stackers,after all we are all on the same side.It has been a tuff road for all.
 
hem9 said:
I am still currently in PM's as the risks of property, shares, bonds and returns of cash are in my opinion greater than the risk/potential returns of PM's but you can be assured the moment that paradigm changes, people must change with it to maximise wealth creation.
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+1
 
I am still ahead but that is only because I was buying junk silver from eBay for way under spot a few years ago.

I will be selling some of the silver this year to pay down the mortgage, even if you don't believe in fiat you still have to play the game. The money I save in interest repayments will probably be more than I will make holding silver so it makes sense.

I wouldn't cash out silver to put it in the bank but it will get the equivalent of 6% if I take it off the mortgage.

I will keep the high premium stuff until silver goes up a bit and just offload the generic and the junk.

The SMSF which I can't touch for the next 20 years is piling up nicely with gold and silver.
 
Sadly fiat runs through my hands like water. PM on the other hand I do not sell, because by the time I have got around to selling some, what I was buying no longer seems important.
I don't remember what each piece cost, I just have a programme which I enter the oz bought and price paid and it gives me my average cost per oz for my stack. Therefore I buy silver at the best price I can and my rule is 'silver is silver' so I try not to get sucked into buying expensive pieces, sentiment does not come into the game.
Profit and loss does not come into this for me. My stack is to supplement my pension from 55-67 until state pension and I will sell as I require. The only scenario I fear is silver and gold become worthless over the next 15 years. Thankfully history would suggest this is unlikely to happen.
Another point keeps me happy which is ,I never buy from eBay or the likes, but in my spreadsheet I add about 20% to my stack because that is where I will be selling.
 
I love when I start seeing threads like this with another grown man beginning to cry about the nominal price of a metal going down....

Its seriously funny because the price can only move up when these people have FINALLY SOLD!

Its called the capitulation of sellers

Lets have a one minute summary of the bull market

2001-2008 - dream, greed, fear, dispair

2009 - dream/hope
2010 - greed
2011 - Fear
2012 - anger/begining dispair
2013 - (porbably) dispair and seller's capitulation

Long Time Silver Believer - you are not a believer evidently - so sell it and move on... or shut the hell up, fear is contagious and you will unsettle the novices :)

(This is not investment advice)

Just for refference ive been in since 2010 and im breaking even
 
wrcmad said:
SilverSanchez said:
2013 - (porbably) dispair and seller's capitulation
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The dispair will be not having picked the extreme bottom. :)
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I dont think people realize it could take the whole year to re-test $40 in silver, that means another May-July American summer :)
It wont be that silver and gold dont go up that make poeple sell (they went up 2012 and people still hate them) but that it doesnt go up fast enough to match their expectations.

We were at $30 in Nov 2010 - I remember because I bought at $28 - and behold! last year I got another chance to average down :)
I bought Gold at $1350 - I sold it made a loss ! hahaha A LOSSS!

Im so glad I learnt these lessons early in my investing career. Before 2010 I had never invested or bought shares. Now I run my extended family's super fund and have a personal protfolio.

I have worked damn hard researching, reading, listening to commentary etc etc trying to learn tech analysis most of which while the market was panicing to the up side and then to the downside... but because I saw with my own eyes Silver at $23 and gold @ $1300 and I know they will probably never get to thos levels again this side of the peak.... my perspective is different and im not afraid of drops, im afraide of skijump peaks (the thing everyone else seems to be praying for) - those peaks in price are dangerous! So be careful what y'all wish for.
 
Just a few words.I can understand that some people might get discouraged.After all,the rocket didnt take off after the recent lows of $28 or so.However for me the silver train is still chugging along.As it bounces from $30+ to $32+ and back I am buying rolls at some good prices.
 
Patience is a word that most of the SS investors on this site have no concept of. I bought a gold bar in 2007. Do I care if gold is up $10 or $20 or like today down $25? If you are in this for the long haul and are not using borrowed or leveraged cash and don't need to cash for daily requirements, you will be fine. If you are leveraged or using borrowed cash, good luck. I would have rather gone for black at the casino.
 
I suspect a troll is loose. Are we suppose to believe that you bought at $49ish back in the 80s, then never cost averaged when silver was basically free, and have been holding out, visiting PM forums (for 30+ years) hoping to sell your original stake? More likely you are just here to try to shake others out of their conviction.

Please work on your story.
 
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