Silver price at the same level as 4 yers ago

C

Cheepo

New Member
Which means that if you bought at any time during the last four years, you lost money.

So what are you going to do next? Wait to lose some more, or sell?

Since the mid 1960s (50 years ago), the price of silver has gone up by 5% a year on average (even accounting for the spike during the last 8 years). With inflation above 5% a year on average during these 50 years, silver is not a good hedge against inflation. Sorry.
 
Cheepo said:
billybob888 said:
here we go again, Dr Troll
Click to expand...

:D Haha. And that's all you can come up with? :P
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You can hardly feel qualified to judge a post as poor, unless you meant your opening as a deliberate demonstration of lame posting. In that case you are supremely qualified.
 
So silver has slightly exceeded inflation, has no counter-party risk, acts as a hedge against domestic currency, and is now nearing four year lows.

Sounds like a buy to me.
 
nsw2206 said:
Cheepo said:
billybob888 said:
here we go again, Dr Troll
Click to expand...

:D Haha. And that's all you can come up with? :P
Click to expand...
You can hardly feel qualified to judge a post as poor, unless you meant your opening as a deliberate demonstration of lame posting. In that case you are supremely qualified.
Click to expand...
Sorry you lost your money and are bitter. Don't blame me. I am only the messenger. If you don't like what the letter says, address the poor judgment of the guy who wrote it (nsw2206), not the postman who delivered it. :/
 
So whats happened in your day that you feel the need to act like a d!ck?

I'm very happy with my hoard. I add to it regularly. I have all sorts of random silver silverware etc. Stacking is great.
 
Cheepo said:
Which means that if you bought at any time during the last four years, you lost money.
Click to expand...

Well that also depends on what you bought, doesn't it.
 
Silver and gold are the only commodities/investments where ghouls come out of the woodwork at pivotal moments to inflict a psychological blow to anyone thinking of sinking their money into the metals.

This never happens with oil, cotton, gas or any other commodity you care to think of, or for that matter any other asset class. Its a sort of blunt force trauma strictly reserved for PM's investors and is telling about how the money printers perceive it...

"In truth, the gold standard is already a barbarous relic." - John Maynard Keynes, Monetary Reform (1924), p. 172

https://www.youtube.com/watch?v=2Dj9v9s9buk

"Tradition"....yeah right...thats a good one.

The truth is, PM's are anthema to the central bankers debt based fractional reserve fiat system. You can't continue to print currency that has an accepted worth or value if you don't control the gold or silver markets. Unleashed, it will render any plantation scrip worthless within a nanosecond.

Look at what the central bankers actually do as opposed to what they say. Quaint 'tradition' plays no part in maintaining their position of privelage at the apex of wealth induction. ;)
 
Cheepo said:
Which means that if you bought at any time during the last four years, you lost money.
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I remember you were looking to buy kilo silver coins. What happened?

Despite the constant snarking, you have a strong interest in silver and you're a regular visitor to the forum. You're like a priest who constantly and loudly complains about homosexuality but obsessively uses the services of male prostitutes.

Cheepo, its time to come out of the closet and reveal your passion, your love of big nasty bars of silver and that feeling you get when you slip a kilo or two in your pocket. We wont judge you.
 
I'm going to wait to lose more. :)

Thank goodness that I am not in a situation where I am forced to sell. And if I were, I would sell the semi-numi's that I have which have appreciated in value and where I might actually make money. Of course I wouldn't sell my blobs now and it is for this reason (in the event I am forced to sell in a consolidated silver market) that I diversify my stack.


.
 
Cheepo said:
Which means that if you bought at any time during the last four years, you lost money.

So what are you going to do next? Wait to lose some more, or sell?

Since the mid 1960s (50 years ago), the price of silver has gone up by 5% a year on average (even accounting for the spike during the last 8 years). With inflation above 5% a year on average during these 50 years, silver is not a good hedge against inflation. Sorry.
Click to expand...

Well that's a relief because I'm not buying silver to hedge against inflation. I'll cross it off my list of reasons to buy silver. It definitely needs a prune.
 
Cheepo said:
Which means that if you bought at any time during the last four years, you lost money.

So what are you going to do next? Wait to lose some more, or sell?

Since the mid 1960s (50 years ago), the price of silver has gone up by 5% a year on average (even accounting for the spike during the last 8 years). With inflation above 5% a year on average during these 50 years, silver is not a good hedge against inflation. Sorry.
Click to expand...
And buying into stock markets at record highs, that's a good hedge against inflation? Sorry.
And keeping bank deposits at record low intrest rates, that's a good hedge against inflation? Sorry.
And keeping cash in a safe, that's a good hedge against inflation? Sorry.
And buying houses at record high prices, that's a good hedge against inflation? Sorry.
I continue to buy silver, and if the price drops, then I get more silver. Sorry.
But more carefully than in the past, due to having more information at hand. Sorry.
There is a much worser hedge: the one of repeating errors over and over again. Sorry.
We have had years positivity, and we bought. And now we have had years negativity, and we should not buy? Even sell instead? Sorry.
That is smart? Sorry.
I'll see over some decades, what silver has been.
Those with bank deposits will see too.
Those with stocks bought at todays price will see too.
And quite some of those that bought stocks years ago, will see too.
Because a recordhigh doesn't mean that everybody can sell at that high.
A paper gain goes with the selling, and stocks have some reputation of speedy vaporizing.
They even invented a last name for them: penny.
A 50% loss in stocks is the same as a 50% loss in silver.

The current price occurred earlier this year, and I remember 2 active people here, that said that they sold / "weren't in anymore".
I failed to find the posts using the keywords I remembered, maybe they were wrong or the posts got edited, dunno.
Abit later $21 back.
Silvers price is moved alot, simply because there are many temporary buyers in it, that don't buy silver with the gains.
Take those into account when buying more, and a big error part has been eliminated.
 
SilverPete said:
Cheepo said:
Which means that if you bought at any time during the last four years, you lost money.
Click to expand...
I remember you were looking to buy kilo silver coins. What happened?
Click to expand...
Waiting for Christmas, when the price will have dropped to $15. :D
 
I would like a $15 Christmas price.
A $10 too.
And -$5 also OK.
Who wants to receive more silver for the same price, wouldn't?
In the future, there will be some moments where my preference is the inverted.
Sometimes I may have bad luck.
Sometimes I may have good luck.
What it all together will have been, and measured relative to what bank deposits will have been, I don't know now.
And things can be quite different depending from ones perspective.
Take for ex this $18.5 price. The coins here cost still the same as when it was $19.5 awhile ago. Not premium but simply because the euro dropped / dollar increased. It won't help me much to see $15 by Christmas if it's all due to this.

[imgz=http://forums.silverstackers.com/uploads/1798_20140913_euro_fut_chartashx.png]
1798_20140913_euro_fut_chartashx.png
[/imgz]
1.38-1.30=0.08, which is -6%. Ex silver $19.5 - 6% = $18.33
See how the -1 price dollar got compensated for?
 
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