Silver sucks!

1. I can't afford gold, and I like chunky 1kg bars.
2. Silver is a nice colour, maybe not as nice as gold but nicer than other silver coloured metals.
3. Silver is cool, both literally and metaphorically. It has special elemental properties that make it numero uno in it's particular category of electrical and thermal conductivity.
4. I can have enough of it to recast it into something else one day and then I'll have a solid silver object of some sort. Maybe I can craft hand moulded headache relief implements or even solid silver dildolls (as the judge in the OZ obscenity trials called them), or other types of marital aids.
 
TreasureHunter said:
Buy gold now and the crashing risk is still high. Buy silver and you don't lose that much.
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I don't quite follow your logic, but it sounds dangerous.
 
I stack silver because I'm not good at stocks, I impulse buy ALOT of stupid things on the net and stacking silver makes me feel like i have no money so i dont spend it.
 
I stack silver because it's hard to go on a $2000 night bender at the casino when all your wealth is burried in a paddock out in the middle of nowhere ;)
 
Because we act like Lemmings.
Turn back the clock a couple of years and let's imagine we discover this forum for the first time.
Crickey - all that good stuff appearing about PMs, especially silver. All that doom & gloom about the world economy, fiat etc.
Better buy some silver.
Great, it's rising in value.
Forum contributions getting hotter by the day.
Buy some more but bigger amounts.
Even better seeing the feeding frenzy starting on eBay and the rising premiums.
More and more bullion dealers appearing with bigger selections.
More forum stuff - to da' moon I recall
Buy even more.
Prices rising to record levels now, suppliers claiming demand outstripping supply even, Europe in deep shit, all financal news looking grim so great - stackers are safe because we have a global demand in PM with rising prices and astronomic predictions from SS forum "experts" and other excited contributors.
Now what ?
A stack that I could purchase today at about HALF PRICE and to me that represents a loss of nearly 50%.
Do I regret getting into silver - you bet.
The same investment in big cap funds would have grown in value over the same period by 30% so for every dollar invested I would have $1.30 but for every dollar in silver I now have less than $0.60.
My fault entirely for following the excitement on SS and acting like a Lemming.
Okay, buy now and see some growth but I am sure a large number of SS members bought near the peak and it will be a long time before we break even - if ever !!
 
Photonaware

I've been buying silver since 2003 and was adding around the top. It shocked me when silver broke below $26. It's not a conspiracy by most of us here. I will be very surprised if you don't end in profit with a couple of years of patience, maybe less, but just another opinion.
 
finicky said:
Photonaware

I've been buying silver since 2003 and was adding around the top. It shocked me when silver broke below $26. It's not a conspiracy by most of us here. I will be very surprised if you don't end in profit with a couple of years of patience, maybe less, but just another opinion.
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Hi and thanks for your opinion.
I agree that there was never any conspiracy but wanted to make the point that I followed the " herd " instinct and when silver was rising as it did AND there were countless posts supporting the investment I like many others I am sure, jumped in pretty deep. In hindsight this bubble was too good to be true. Maybe in years to come things might be better but for entrants now, they may be the real winners.
 
Photonaware said:
Because we act like Lemmings.
Turn back the clock a couple of years and let's imagine we discover this forum for the first time.
Crickey - all that good stuff appearing about PMs, especially silver. All that doom & gloom about the world economy, fiat etc.
Better buy some silver.
Great, it's rising in value.
Forum contributions getting hotter by the day.
Buy some more but bigger amounts.
Even better seeing the feeding frenzy starting on eBay and the rising premiums.
More and more bullion dealers appearing with bigger selections.
More forum stuff - to da' moon I recall
Buy even more.
Prices rising to record levels now, suppliers claiming demand outstripping supply even, Europe in deep shit, all financal news looking grim so great - stackers are safe because we have a global demand in PM with rising prices and astronomic predictions from SS forum "experts" and other excited contributors.
Now what ?
A stack that I could purchase today at about HALF PRICE and to me that represents a loss of nearly 50%.
Do I regret getting into silver - you bet.
The same investment in big cap funds would have grown in value over the same period by 30% so for every dollar invested I would have $1.30 but for every dollar in silver I now have less than $0.60.
My fault entirely for following the excitement on SS and acting like a Lemming.
Okay, buy now and see some growth but I am sure a large number of SS members bought near the peak and it will be a long time before we break even - if ever !!
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It seems you forgot 2 basic fundamentals of investing....and yes, this is investing not just stacking. You forgot to sell when it was "high", and you forgot to diversify. You seem to be somewhat intelligent, why didnt you buy those big cap funds while you were buying silver?
 
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Powerpress74 said:
It seems you forgot 2 basic fundamentals of investing....and yes, this is investing not just stacking. You forgot to sell when it was "high", and you forgot to diversify. You seem to be somewhat intelligent, why didnt you buy those big cap funds while you were buying silver?
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There is a third fundamental that is ill-considered by most stackers......... don't invest with emotion. ;)
 
have not lost the shirts or pants

someone like their silver naked. PEAK Silver sucks!

the rest is left to your creative imagination by addition.
 
wrcmad said:
Powerpress74 said:
It seems you forgot 2 basic fundamentals of investing....and yes, this is investing not just stacking. You forgot to sell when it was "high", and you forgot to diversify. You seem to be somewhat intelligent, why didnt you buy those big cap funds while you were buying silver?
Click to expand...
There is a third fundamental that is ill-considered by most stackers......... don't invest with emotion. ;)
Click to expand...

Exactly, emotion is a weakness in investing
 
"You're right, there's little more boring than inert metal after a while, and when the price stagnates for a couple of years, "

I truly think that is one of the real advantages of gold or silver -

We can all buy into things at the wrong time. It is very difficult to have a big disaster with pm.

Look at other ways of locking up money.

Bank - leave it alone for 3 years and the government takes it.

Real estate - buy at the wrong time and be stuck painting, paying insurance, put up with tenants, interest rate changes, accounting every year.

Stocks - more risks than you can poke a stick at. Accounting again.


Gold and silver - just remember where you put it - easy as that.

Go fishing for 20 years - no problem. It will be exactly the same as the day you put it away as long as it is hidden.

That is a very big advantage - never to be taken lightly.


Have a great night

Gazza
 
"it doesn't go anywhere"??
silver has fluctuated about $15/oz in the past year. Now, granted, that has been down - but silver definitely "goes somewhere"
As far as investments go, I think silver quite volatile.
 
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