S
Silver bullitt
Guest
Eruaran said:
Average, smaverage, sick of bloody average.
I want some Kaboom!
True though, my average cost over all has certainly reduced with recent purchases. I just fear a flat line like earlier where the spot price flat lined for nearly 10 years.
For an impatient person like me this would be brutally cruel and unusual punishment and far too much strain on my tenuous grasp of sanity.
I need some stimulation!
Sick of flogging this dead horse. C'mon Silva ya ole nag Giddyap.
Give that ole horse some equine go go pills or something.
Bernanke's nobbled me horse! Put a pound of valium in his nose bag I bet.
wow. A 35% return PA on solar panels is awesome. There used to be a govt scheme in the UK, at one point you could make about a 10 or 12% return. But now they have stopped it. If I was where you were making a 35% return I would instal as many panels as possible all over the house and garden. Would only take 3 years to break even, as long as the govt scheme stays the same. And after that it is all just free energy / free profits hopefully.
and as well as purchasing pure bullion, you could of purchased semi numismatic coins in order to reduce risk, as they tend to keep their premiums even if the spot price falls.
Perth Mint Lunar series, Kooks, Chinese Pandas etc oh and the new Perth Mint Stock Horses, I just bought some of those
They should keep there value whatever the spot price.
Perth Mint Lunar series, Kooks, Chinese Pandas etc oh and the new Perth Mint Stock Horses, I just bought some of those
They should keep there value whatever the spot price.
S
Silver bullitt
Guest
chrissilver said:
Yep, almost too good to be true but after a change in the government here in Queensland they also figured out it was too good for people to be making profits like this.
Good Lord, free market capitalism could break out, so the first change was a restriction on how many solar panels could be installed.
There was some recent strong hinting by the Government that they may renege on the contracts made with us domestic solar producers but a large backlash in the way of many letters to MP's hinting at a possible class action seems to have quelled this, hinted at plan, for now.
We are under contract till 2028 to receive a feed in Tariff approximately three times the rate of the price of domestic electricity for power we export back to the grid.
Probably the best investment a lot of people have ever made, or ever will make.
I am certainly well ahead with this one as I got in early and installed the largest system possible at that time.
The bigger or longer time horizon you take the more variables you have and more "blurrier" is the end picture. Simply expecting that one thing will only rise it's utopian.
It's same as doing exercise to have 6-pack, invest into your children education, etc. You can have 6 pack but that won't guarantee you getting every woman on Bali.
Or you can invest heavily into son's education but he will leave school soon and start playing in rock band or something.
When I've purchased first silver coin in 2010 price was around 0,2 - 0,3 (I think). Multiply by 31,1 and you will get around 6 - 9 per oz. The price increased to almost 1 or more per g. Now it's around 0,52 (15 per oz). It's still better than before (around 2010) but you don't know if price will return keep falling to hell or fly toward heaven.
Around 2000 internet start-up companies started appearing with "light speed". People bought huge amount of stocks, etc. Most of the people think that internet start-ups will only grow and grow. Near 2000 balloon exploded and bang! most of the people suffered huge financial losses.
Kondratiev wave
This Russian scientist wrote about so called "waves" or "cycles". He writes that there are waves of "up" and "downs". Times of growth and time of fall. And they appear in around 50 years (average).
Current crisis is one of the biggest after 1929. But in between there were many other crisis. And more will follow.
Sure silver (and other precious) material has limited quantity. But imagine that you have company which uses silver for producing XY. If the prices increases too much company will start searching for alternatives. Otherwise its costs will go up and then prices, demand for their product will go down, etc.
And I don't know much people who are having silver or any precious metal except jewellery. If every person, at least, in "developed" World would have at least few ozs at home, or buy it regularly, then maybe things would be different today.
What I want to say is that most things if not all in our life are based on speculation. I need average half of hour to drive from my home to job. But if some crash occur or something I can drive to my job twice more. Or even 4times more.
You should all watch The Fall of Roman Empire:
The Fall of Roman Empire
Movie is very long (at least for today's standards) and it looks kinda funny (well it's 1964). Also the movie it's not the best of it's kind. But it's having important message (one of the quotes):
"A great civilization is not conquered from without until it has destroyed itself from within."
Keep that in mind. Morale crisis is far worse than financial. Look Hoolywood movies for examples. They are mainly without any fresh ideas and making only remakes and "restarts". Sure you can't say that Hollywood wasn't copying "itself" in the past but what we have today...
It's same as doing exercise to have 6-pack, invest into your children education, etc. You can have 6 pack but that won't guarantee you getting every woman on Bali.
Or you can invest heavily into son's education but he will leave school soon and start playing in rock band or something. When I've purchased first silver coin in 2010 price was around 0,2 - 0,3 (I think). Multiply by 31,1 and you will get around 6 - 9 per oz. The price increased to almost 1 or more per g. Now it's around 0,52 (15 per oz). It's still better than before (around 2010) but you don't know if price will return keep falling to hell or fly toward heaven.
Around 2000 internet start-up companies started appearing with "light speed". People bought huge amount of stocks, etc. Most of the people think that internet start-ups will only grow and grow. Near 2000 balloon exploded and bang! most of the people suffered huge financial losses.
Kondratiev wave
This Russian scientist wrote about so called "waves" or "cycles". He writes that there are waves of "up" and "downs". Times of growth and time of fall. And they appear in around 50 years (average).
Current crisis is one of the biggest after 1929. But in between there were many other crisis. And more will follow.
Sure silver (and other precious) material has limited quantity. But imagine that you have company which uses silver for producing XY. If the prices increases too much company will start searching for alternatives. Otherwise its costs will go up and then prices, demand for their product will go down, etc.
And I don't know much people who are having silver or any precious metal except jewellery. If every person, at least, in "developed" World would have at least few ozs at home, or buy it regularly, then maybe things would be different today.
What I want to say is that most things if not all in our life are based on speculation. I need average half of hour to drive from my home to job. But if some crash occur or something I can drive to my job twice more. Or even 4times more.
You should all watch The Fall of Roman Empire:
The Fall of Roman Empire
Movie is very long (at least for today's standards) and it looks kinda funny (well it's 1964). Also the movie it's not the best of it's kind. But it's having important message (one of the quotes):
"A great civilization is not conquered from without until it has destroyed itself from within."
Keep that in mind. Morale crisis is far worse than financial. Look Hoolywood movies for examples. They are mainly without any fresh ideas and making only remakes and "restarts". Sure you can't say that Hollywood wasn't copying "itself" in the past but what we have today...
willrocks said:I haven't made any unprofitable PM purchases yet because I refuse to sell. You can only take a loss when you sell. No sale = no loss.
You also can't make a profit period
Silver, like any investment is all about timing. The guys whining and complaining are the ones who probably deserve it.
There were many "factual evidence" saying to mine silver is almost 30$+, and then there was "factual evidence" saying to mine silver is $7, and "factual evidence" saying to mine silver is no less than 15$.
There were also "factual evidence" showing that there is a shortage of silver and also "factual evidence" that there is no such thing as a shortage.
What you have to take from all this is that everything you read is not necessarily true, and those that went all in or thought they weren't going to get burned in all this, because "gold and silver" has been used for the past 3000 years as money are totally flawed. Its called get with the "times"!
And to lighten up things...
The greatest wealth is health.
S
Silver bullitt
Guest
willrocks said:I haven't made any unprofitable PM purchases yet because I refuse to sell. You can only take a loss when you sell. No sale = no loss.
I've heard this argument before and with all due respect to you it's rather annoying.
In the world where I live if I have a depreciating asset on my balance sheet it is a LOSS.
Regardless of whether or not there is a sale, a depreciation in an asset value reduces your nett worth and is an actual loss.
If my house burned down would I be standing on the street saying I have lost nothing because I still have the deed to my house in my hand? (Assuming the house is uninsured.)
This argument is delusional and patently absurd.
Silver bullitt said:willrocks said:I haven't made any unprofitable PM purchases yet because I refuse to sell. You can only take a loss when you sell. No sale = no loss.
I've heard this argument before and with all due respect to you it's rather annoying.
In the world where I live if I have a depreciating asset on my balance sheet it is a LOSS.
Regardless of whether or not there is a sale, a depreciation in an asset value reduces your nett worth and is an actual loss.
If my house burned down would I be standing on the street saying I have lost nothing because I still have the deed to my house in my hand? (Assuming the house is uninsured.)
This argument is delusional and patently absurd.
Well it's the same augment real estate people use all the time.
the asset (yes, the dollar is an asset) that most of you use as a valuation tool and that you sell your labour and time for,
IS CRAP.
deal with it,
or be fleeced.
IS CRAP.
deal with it,
or be fleeced.
+1Silver bullitt said:willrocks said:I haven't made any unprofitable PM purchases yet because I refuse to sell. You can only take a loss when you sell. No sale = no loss.
I've heard this argument before and with all due respect to you it's rather annoying.
In the world where I live if I have a depreciating asset on my balance sheet it is a LOSS.
Regardless of whether or not there is a sale, a depreciation in an asset value reduces your nett worth and is an actual loss.
If my house burned down would I be standing on the street saying I have lost nothing because I still have the deed to my house in my hand? (Assuming the house is uninsured.)
This argument is delusional and patently absurd.
Most pundits dote on the grandiose idea that stacking preserves wealth and purchasing power, detached from dirty fiat dollar values, and measured in oz's...... until price takes a dive. Then attitudes seem to revert back to the previously abmonished idea that value is in fact measured in fiat - so as to be able to claim no loss until sold.
wrcmad said:On the contrary.willrocks said:
IMHO staying real is a positive thing.
It's a positive thing to stay real, yes.
But the negative sentiment toward PMs is just as real.
I'll tell you what is a good buy signal to me. When you come to a PM forum like SS and everyone is down in the dumps.
S
Silver bullitt
Guest
willrocks said:wrcmad said:On the contrary.willrocks said:
IMHO staying real is a positive thing.
It's a positive thing to stay real, yes.
But the negative sentiment toward PMs is just as real.
I'll tell you what is a good buy signal to me. When you come to a PM forum like SS and everyone is down in the dumps.
have to agree with you here.
In real estate I am mainly attracted to purchase in a depressed and falling market and falls like this combined with negative sentiment are certainly a buy signal.
A great deal of self discipline is required though, especially if your investments are heavily leveraged.
Once you have reached your purchase quota, no matter what irresistable bargains are on offer it's time to pull back and wait for prices to again increase in order to lock in your profit.
That's where I am now, hence my frustration, man, I would love to buy heaps more but from bitter experience I know to resist that urge.
I believe speculating in any falling market is very risky.
I am not so much despondent about my PM investment, just frustrated at how schizophrenic this market is, always doing the opposite to what would be expected.
It's good fun though, I suppose.
I would be having a lot more fun in an appreciating phase though now that I am done buying.
I am still buying small amounts of numismatic items but no more large purchases.
Look, if you invested at the top thinking it would go up and up and up you are in my opinion idiotic (not meaning any offense)
Markets move in waves, they go up, they come down, they go up, they come down etc
All we are seeing is a pull back before an overwhelming bull market in silver, just have to be patient. This is an opportunity, and opportunity to be buying more whilst the prices are so low.
Because I guarantee, even if silver does not explode to $100 any time soon. It will at least be up again at those highs in the future.
You can't invest in Silver for a few years and hope for a return, unless it is timed exactly. Silver is a long term investment. I am not looking to sell any pure bullion silver before at least 10 to 20 years. Or until there is a huge bull market and the media gets behind it, saying silver will never end. Then I will start selling everything.
Markets move in waves, they go up, they come down, they go up, they come down etc
All we are seeing is a pull back before an overwhelming bull market in silver, just have to be patient. This is an opportunity, and opportunity to be buying more whilst the prices are so low.
Because I guarantee, even if silver does not explode to $100 any time soon. It will at least be up again at those highs in the future.
You can't invest in Silver for a few years and hope for a return, unless it is timed exactly. Silver is a long term investment. I am not looking to sell any pure bullion silver before at least 10 to 20 years. Or until there is a huge bull market and the media gets behind it, saying silver will never end. Then I will start selling everything.
AGmagic said:willrocks said:I haven't made any unprofitable PM purchases yet because I refuse to sell. You can only take a loss when you sell. No sale = no loss.
You also can't make a profit period
Silver, like any investment is all about timing. The guys whining and complaining are the ones who probably deserve it.
There were many "factual evidence" saying to mine silver is almost 30$+, and then there was "factual evidence" saying to mine silver is $7, and "factual evidence" saying to mine silver is no less than 15$.
There were also "factual evidence" showing that there is a shortage of silver and also "factual evidence" that there is no such thing as a shortage.
What you have to take from all this is that everything you read is not necessarily true, and those that went all in or thought they weren't going to get burned in all this, because "gold and silver" has been used for the past 3000 years as money are totally flawed. Its called get with the "times"!
And to lighten up things...
The greatest wealth is health.
Probably the best post in this topic.
There are many companies and people which live by trading precious material. By making profits out of it to be specific. I'm receiving newsletter with dramatic titles like "make your food reserve, etc., end of wolrd is nigh") (well not exactly like this but similar). And I agree 100% on the line about health. I've bolded it. When you are sick for longer time period (few months, not week) then you will realize that most important thing you have is your wealth. You will give everything to be healthy, to live your life like you did before. I would give away every euro, dollar, silver, etc. for not having such health problems as I did few months ago. What will be ton of silver for you when you can't do much sporting, loose will to go out, to work, etc?
We are used to think mostly about materialistic things ("Westeren" "religion") and forgetting that there are far more important things that having bunch of stuff at home which actually don't make you much happier.
Zlatarna Celje ("Jewelery" shop) which made Tina Maze coin with CIT has action called "Golden step" (btw I'm not payed for promotion
). You pay at least 40 every few months and you "get" (they are actually stored in their deposits) grams of gold. Pay more money, price for gram lowers. When you want to pick your bars (you must have at least 5g) then you must pay some fee and you will get your bars. There were huge banners for promoting this action. One of our economists said: when things get promoted like this, then much good won't come out of them (e.g. "herd" instinct).
S
Silver bullitt
Guest
chrissilver said:
Yeah that's fine, I hear what you're saying.
Sure, it's part of a diverse strategy and some investments will perform differently at different times, some may even fail, I can deal with that.
I play the real estate market (not so much now as I used to) so I know some of the fundamentals.
PM's are just such a fascinating and wild ride although just lately it's getting boring with this constant side moving.
Today is fast becoming an exception though watching the Au $ in free fall and PM's joining it, wow!
I'm not too worried long term, in fact I'm not worried at all, just depressed with the lack of activity.
A dramatic fall would be as interesting as a rise but I prefer to see a rise as I have filled my purchase quota and want to experience the thrill of a rising market.
What's the fun of a roller coaster ride if it just goes in a straight line down hill?
It's not like I bet the farm on this and I'm thinking of jumping out a window.
Of course I am not fantastically wealthy either and do want to see a decent ROI at some stage also.
I think that's a perfectly reasonable expectation.