Ok who's underwater ?

eut5x.jpg
 
If I could get perth bullion prices for my bullion I'm up just over $1 an ounce. If I offered it all for sale here at $1 an oz discount vs PB prices my nose would be just barely above water enough to breath. Every little bit up from here is good for me.

I really feel for the guys who jumped in when the price cracked $30 and went nuts at $25 thinking everything's coming up milhouse...im pretty sure I'm going to be in that club when silver hits $12 some day soon.
 
How many Silver stackers are above water with some of their stack?

EG. 1937 Crowns ( still well above $30) for less than 1oz silver

Silver stackers Xag Rams/Pennies...BP $38....SP $70+

Previous silver sales you have made at $30oz..

Now if you have bought wisely, this can help you when there is a downturn in silver prices.

Just imagine if you had bought 200 Xag rams/pennies at $38 and now you would have at least doubled your outlay. I had the foresight but not the fiat$ so I have to be satisfied with what I have, thanks Maggie.

Maybe the buffaloes will be the next great buys?

Regards Errol 43

BTW.. I am currently going all in on a silver coin at todays price, I cannot loose.
 
As long as the price holds parts of my stack are above water. A Few good trades and buys but they are quickly negated by the purchases that costs a little bit extra. In my average I include everything shipping, premium and just divide it by home many ounces I have so I may be doing a little bit better then it seems if I factor the premiums and collector coin premiums
 
I will probably be underwater in a few minutes. :) I sold my USLV yesterday and a few minutes ago, I bought DSLV with silver around $16.52USD. You guys can thank me now for breaking silver out of its current trading range.
 
A large % of my stack was left to me by my great grandmother. It is 90% US junk coins. Since it was free to me and she only paid face I'd say I am well above water over all. Now if we are talking about my fine silver and gold I've been stacking for the last year, well... where is the scuba gear? :)
 
I've done good these past 18 months buying relatively cheaply. I have a lot of silver and little fiat, which is the way I like it. Any deficit would be negated by spare fiat creating a scenario of loose money, loose morals, and loose women.
 
Yep, I am, since I got in prices have pretty much kept going down. Could be worse though, Another few dollars and I will be at break even (Average a little under A$24oz including premiums).
 
Either your in pms to make a quick buck or your in for the Looooong haul. We all knew that prices are fixed by the powers that be. But they are printing like there is no tomorrow , so keep stacking the time will come when paper will plunge and metals will soar. Price is set by the real market in the end.
 
The seaweed is always greener
In somebody else's lake
You dream about switching assets
But that is a big mistake
Just look at the world around you
Right here on the ocean floor
Such wonderful coins surround you
What more is you lookin' for?

Under the sea
Under the sea
Darling it's better
Don't be a debtor
Take it from me
Up on the shore they work all day
Out in the sun they slave away
While we be backin'
Full time to stackin'
Under the sea

Down here all the stackers are happy
As off through the waves they roll
The men on the land ain't happy
They sad 'cause they in their bowl
But fish in the bowl is lucky
They in for a worser fate
One day when the banks get hungry
Guess who's gon' be on the plate

Under the sea
Under the sea
Nobody beat us
Fry us and eat us
In fricassee
We what the land folks loves to mock
But just wait for global financial shock
We got no troubles
LIFE IS THE BUBBLES!
Under the sea
Under the sea
Since life is sweet here
We got the beat here
Naturally...
 
I really suspect I'm not fully submerged yet. Close maybe, but I never kept a running total let alone updated prices.

Reasons being I started accumulating in 2003. Relatively small amounts of silver at first but adding up. Then came the GFC when I roped my family into buying significant gold and silver close to the nadir in late 2008. I was an utterly convinced gold and silver bug back then. So that's been a good buffer - that parcel's never gone underwater.

But then I kept on accumulating and went quite mad. I was one of the patsies who kept buying right up to the top - sure it was the real breakout when the derivative market would come undone and the true price be discovered. Last chance to buy at reasonable prices! Did you notice a few big sellers with large resources who made appearances here with great deals around the top? We were so appreciative, lol - the cognoscenti. Then they evaporated. They don't appear by and large now except in one instance to emptily gloat. When they become active again they will be a fantastic sign of a top looming.
 
Depends how I calculate it.

Re-investing the "found money" proceeds of several good trades has brought my average cost down.

If I am underwater, I'm not that fussed about it. I've seen silver hit $49 the last time the Wall St geniuses f***ed everything up and I figure there's a pretty good chance of them doing it again (probably in the not-too-distant future), so I'm fine with my position at the moment.
 
DanielM said:
smk762 said:
Just bought my average under AUD$20 on the last purchase while spot was $18.15 over the weekend. Mostly PAMP, so I'm not feeling overly wet.
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Pamp silver? Then you have the problem of trying to recover as much of the premium as you can
Click to expand...

I don't think I"ll have a problem selling PAMP at 50 cents over spot (my current breakeven).
 
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