Steady hand needed, but very deflated.

S

ShinyStuff

New Member
So I invested SMSF money into PMs.

So I know what most of you will say, and you are all right. But it is hard to have a steady hand when you bought at the top of the charts, and you see your investment gutted. Funnily enough I wanted to invest at the $30 mark but I was held up by ATO and my industry fnd for weeks, and by the time I got my money, it took 10 weeks, my research should have been done all over again, but i jumped in and then it dived.

Do i cut my losses now and go back to shares and cash? Or do I stay in the hope that in two years time it will recover big time? Maybe I should just stop reading the charts, and even stop reading SS - Heaven forbid!

I do believe that PMs are the way to go, but it is hard when there is no improvement in your investment over a two year period.

Plus just got my auditer fees and they have doubled from last year. Ouch. Then to read that the gubbermint is about to hit SMSF, double ouch.

Sigh.

shiny
 
well an smsf is a long term investment isnt it, theres no point in worrying about losses in the short term since even if you made a profit your not going to be able to touch it for years anyway. just hold tight and either buy some more with your super when you get more money in there or use the new money to diversify into shares/cash.
remember, you havent made a loss until you lock it in and actually sell your pm's.
 
I'd hold the pm's and forget about them. Silver's been said to be the first element to run out. Hold it at least till the end of the decade and your laughing.
 
+1 with Fykus

Don't jump off the cliff like the currencies..."Holdfast"!

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http://lampoonthesystem.com/?utm_so...campaign=APR+2013+Newsletter&utm_medium=email
 
So sell at a loss? To buy stocks at a high then sell them when they crash to buy metal when its high again? Look again in 6 to 12 months and you'll most likely feel better don't look everyday or you'll spook yourself into rash decisions by the sounds of it.
 
Like any trip to the casino, you should only ever invest what you can afford to lose. Stick it out for the long term.
 
Bullion Baron said:
Silver sentiment lowest in 10 years means there's a whole bunch of people feeling deflated with you (in case it helps, you are not alone!).

I have most of my Super in Gold stocks purchased in 2010, watched them double and then halve (so around where I started 3 years ago), deflating, but I'm staying the course ;)
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Yeah I also plan on riding this out.
 
Without silvers production cost also rising due to general inflation, any price uptrend origins on the demand side, and as you can see, alot buy silver not for the silver but to get your money for free. Silvers price tripled in recent years, general prices didnt. So those that talk about price explosions and and shortages and Comex defaults are after your money not silver.
Aside of this, how many sold at $26 that could have sold at $34 a couple months later? Selling can be an error as big as buying can be. In the summer of 2012, this 'paper' side dumped to a decade recordlow position.
They already retook a lot positions in the middle of a selling-low frenzy by other market sides, as indicated by the increase in position without it making the price move up. See, that is how they operate - they need a price RANGE to retake alot positions, not a price, because their position-taking itself alters the price, and the more that are selling low at that moment, the more positions they can insert in a same price range.
A week ago they had 24000 positions, the spot price was $28.63 (USD).
On 2 october they had 58514 positions with spot price $33.
It was only on 5 february 51946 positions $31.76 that they seriously started to dump. They hit 20000 enough times to call it a 'normal' bottom total position (ex occurred at 2008's lowest price). Based on this, their current position is probably already closing in again on that decade-low. This last dowtrend was something special in this aspect, the positions never dropped so fast with the price, which indicates that there was alot buying.
You bought at $30, I bought at $29, and we can now both regret it, but only a few can buy at the bottom, and the more stackers out there, the harder it is to be one of those few.
The same applies to the other end, a top. How many sold at $50? Also just a few. That $50 top we had in 2011 should never be treated as a reference to judge the price. It was an insanity-phenomenom, where some people bought in an uptrend of a dollar every day, two weeks long. lacking any feel for reality.
So, the 'correct' price is somewhere in the middle, and early thirties has a very good chance to be that middle. In the end, in order to continue the milking, the Comex side will have to retake their positions again. The more silver we drain off in the lower price range, the shorter the period they will keep the price low, and the sooner they will retake the positions. Typically they use an event as excuse for it, a central bank operation ex. Until that event we stackers can buy all the silver we want, because they can't allow the price to move up without clear reason as a standalone single market event. That decade low of last summer just shows how far they had to go in order to prevent the price from rising 'standalione'.
Today isn't a Hunt brother story, it's a whole Hunt city story, alot silver in hands of many scattered over the globe. If these Hunts show some buying discipline then the price can hold even without general inflation. And then, at some point, the inflation will have catched up, and we will be in the start position to undo it. Until that time it's a matter of riding it out. The worst thing one can do is not making an error, it's repeating them. If you can avoid that, the rosy side will gradually move towards you.
 
If you're still holding now you've already made your decision the price is near enough down to two year lows. Too late now, so relax and wait for disaster or triumph. Or more boredom.
 
Think you've made your bed with PM's. Chasing "yesterday's winners" is a sure way to burn your liquidity. If you have a long time until your Super becomes unlocked at aged 60, say at least 10 years, I'd just sit tight. I too have some smsf funds in PM's but I heeded my own advice and only have 20% of my smsf balance invested with PM's.
 
Yeah, I've also taken a pounding with 25% AU in the SMSF.
Unfortunately, some of my gold mining equities have also taken a pounding.

So basically, I'm in the Olympic Final of worst investors on SS.
My advice is to drink lots of booze and revisit things in May.
 
Retiring tomorrow? Oh well I feel for you. Retiring in more than 20 years time? What are you worried about? Look back over the last 20 years and think about how accurately "experts" and others predicted the future. Besides, by the time you retire, government would have stuffed around with super another 20-30 times - it won't look anything like it does today.

But gold and silver will still be used, hoarded and passed on.

A loss is not realised until you sell the asset. You might make a book adjustment to reflect the current market price but if you don't sell, then neither a profit nor a loss on disposal of asset is made.
 
thatguy said:
browski said:
My advice is to drink lots of booze and revisit things in May.
Click to expand...
May? The sell in a May and go away May? That May? :P
Click to expand...

No, my advice is just to drink lots of booze in April, then maybe some more in May and June.
Buy in April, and then maybe go away in May.
 
I think sell in May and go away will be good advice this year for US stocks. They have run-up a lot this year and are due for the usual summer pull-back. Would look to reenter the US market in September depending on things at the time but generally a run-up in prices in the 4th quarter.
 
Yes its a long hard up hill climb.But once we get to the top.....its going to be free and easy the wind in our hair and we will be laughing and smiling.We will forget about the hard days and the rewards will be ours.Fiat will pave the roads beneath our feet.Our time WILL come.
 
browski said:
Yeah, I've also taken a pounding with 25% AU in the SMSF.
Unfortunately, some of my gold mining equities have also taken a pounding.

So basically, I'm in the Olympic Final of worst investors on SS.
My advice is to drink lots of booze and revisit things in May.
Click to expand...


Have to say Browski that your story epitomises why I stopped listening to the endless choir of 'silver for your buck' stackers and became a coin collector. Since that day a couple of years ago or more, I take an interest in silver of course and trade it too but my holding hasn't took as much as a 1 cent hit.

When things improve and you get above water, I'd revisit the BS notion of silver for your buck bullion stacking and you'll sleep a lot easier. If a few more had done the same there wouldn't be this pool of despair that appears all over the web every time prices dive.

Sad thing is as soon as silver rise a little and people are near even out will come the same calls to newbies to buy bullion bars and be at the whim yet again of a commodity trading market and the central banks and their right hand.
 
I agree with the thoughts above -- stay the course. Leave it in whatever closet, safe deposit box or hole in the ground you keep it in and ride the storm out.
I'm feeling as blue as anybody right now. I've done (what for me is) a lot of buying when silver spot was riding high and now it's down and I'm depressed.

But -- I have my faith to see me through this crisis. My faith gives me confidence and strength and my faith enables me to make my way through this crisis.
I can't understand why more people don't have rock-solid faith like I do.

Before you go away in disgust, muttering things about me... My faith is not in the teachings of any "holy book" or organized religion and I don't believe in
big invisible friends in the sky or anything like that.

I have total and absolute faith in the self-serving stupidity, blindness, corruption, ineptitude and selfishness of governments, banks and banking systems
and in their proven ability to screw everything up 88 ways to hell and back. I have no question that they will totally screw everything up when they try to
deal with the round of bank crises and collapses that are just now starting to pop up. I have unshakable faith that the governments, banks and banking
systems of the world will get everything ass-backwards, screw everything up even worse and turn everything they touch to crap.

I do sincerely believe that they will ultimately drive PM spots up like so many rockets leaving their launch pads.

So... My thought -- keep the faith and stay the course. I think having faith in government and bank corruption and incompetence is as safe as you can get.
 
I'm in much the same situation with my SMSF. But I'm decades from retiring. It will turn around eventually as things do. It may have turned 2 days ago. If it did, I'll be buying another 30 ounces.

Hang in there. You're not alone!
 
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