Oh crap, silver is dropping!
- Thread starter Gigrantor
- Start date
Pirocco
Well-Known Member
There is little to parse. It't already 'parsed'.Director said:
Speculating is all about weighting risks against eachother.
History proves that bank deposits devalued relative to alot things, especially houses. A house is about the biggest purchase most of us do in their life. So it matters.
If the house market collapses, the debt club collapses too. The banks that hold the savers deposits, are the core of the debt club. Bank deposits go with banks. Something to not forget.
So I swapped bank deposit for silver, but if I paid twice the price I should, then it comes down to the same loss as a 100,000 out of 200,000 bank deposit 'guarantee' loss.
Such a move by governments/banks is never good. It only benefits thieves. So I'm not hoping for such a move. PM prices should go up with inflation, as to undo it. That was/is my goal. But so far, 5 years later, that inflation still didnt arrive. And everybody that purchased pm's in 2011 en 2012, saw much cheaper pm's since.
That't how I look at this. I'm not hoping for economical collapses / bank bankruptcies and so on in the hope to see higher pm prices due to it. I even consider that a sick expectation. Hoping for disaster in order to benefit from it on other peoples back. No thanks.
My goal with pms is to hold the purchasing power I had when I earnt the fiat, better than what a bank account has been and very likely will be further. But it's harder than just saving on a bank account. Much harder. Monitoring/logging data everyday in order to find out a next price to target, is harder than just let the fiat accumulate. And with all this frontrunning on the pm market, by people that only buy to dump some months later, the work isn't avoidable. But I decided to give the being-speculator a try. It's possible that I end up having done better without, but if I continually improve my purchase moments, and keep on buying silver or other stuff then, then I can only move towards the succesful hedge side.
Load of Bullion
Well-Known Member
Might as well drop. If it drops below 20, I'm thinking I'll throw 20 at it.
silverbulldog
New Member
Director said:
If you and the Mrs don't have any then I would build a core stack as a hedge against inflation as well as a security blanket. I know I sleep well at night knowing I have my family's financial emergency fund if the time comes when i need to tap into it.
Even having some Cash stored at home is better than nothing but some Silver & Gold is a way of protecting and hedging against the collapse of the dollar and or massive inflation and taxes.
Good luck and you are at the right forum to learn about this unique investment/savings plan.
silverbulldog
silverbulldog
New Member
Court Jester said:
For Gigrantor since you are new I will fill you in to help you out. Do not listen to anything this guy says. All his messages on this forum are Silver is way overvalued and will go sub $20. He seems to forget silver was just at $35 earlier this year so for it to go back there is not a pipe dream it is reality.
I think Court Jester is living in a pipe dream...I takes away all your credibility when you say the same thing over and over and over.
Do you think because commercials repeat that if you repeat yourself enough times people will buy into your bullshit?
silverbulldog
New Member
Gigrantor said:How much lower will she go?
Anyone think that she will go below $25 by the end of the day?
BTW, I am still talking about silver here and not my ex!
Are you looking At US dollars?
we are at $21.66 right now.
I think if you can buy physical silver for under $24- with where spot is now you are doing good.
I just bought 4 Silver Eagles on my lunch break for $23.75/each today.
silverbulldog
PAGAU said:
it is still the same as it was last week now
it only gained back the drop it made tuesday <--------------SIDEWAYS--------------->
H
House
Guest
Court Jester said:
:lol: :lol: :lol: That's two bloody days... Obviously that's indicative of the trend for the next few years
House said:Court Jester said:
:lol: :lol: :lol: That's two bloody days... Obviously that's indicative of the trend for the next few years
it has been doing that for months not days and will do for years to come.
Scyb said:House said:Court Jester said:
:lol: :lol: :lol: That's two bloody days... Obviously that's indicative of the trend for the next few years
Now you are just doing it on purpose to build that CJ stack
I am not against buying atm, the prices are about where they should be. But I would not be buying think "to Da moon Next week as many many many people seem to think here " as it aint gonna happen. I dont think it will go much lower or higher for a while but it is still a good store of wealth and eventually it will rise just like everything else does.