Thoughts on Silver At This Point?
- Thread starter Ernster
- Start date
wrcmad said:
I really don't know
My definition of a stacker is someone who buys and holds metal, adding to the stack as the price moves.
I have a small core stack I don't play with for insurance but I wouldn't call myself a stacker as I don't add to it.
I only buy metal to make money on the moves, I'm a fiat stacker until I see a proper reason not to be.
I would put a big scale below my stack, so when I take out one coin,
or sell one...
hope to get more and add on to the stack, the cycle is about 1-2 years. then I will measure them. to check if my stack get heavier :lol:
actually 2 scales, yellow one and tin one
or sell one...
hope to get more and add on to the stack, the cycle is about 1-2 years. then I will measure them. to check if my stack get heavier :lol:
actually 2 scales, yellow one and tin one
Pirocco
Well-Known Member
I always see a need for a medium of exchange, in any living together on any welfare level.worldbubble said:
Without it, if you want milk you need to find a farmer that wants your drawing skills. And that's just the very basic function of a medium of exchange, it has secondary consequences that greatly improve trading, in intensity as well as distance. That's why any living together soon brings up a medium of exchange, without any government / third party intervention. Without money, acquiring food/water/anything becomes much harder. So I set money on the same importance level as food water. Money alone doesnt suffice. Food alone doesnt suffice. Water alone doesnt suffice. If a situation is so worse that even a medium of exchange cannot come into existence, then there is no living together too, then there is no trading and everybody has to do everything on his own.
You clearly do not realize what money actually is. There is a mises.org long text that explains it from its origin to its end. "What has government done to our money". It helped me to realize how crucial money is.
Well, with 'traders' I just ment anyone that exchanges something with somebody else. Buy and hold I consider saving. I don't name silver an investment. It's a dead metal, you do nothing to it, you sell the same you bought. You added no value to it. This is all terminology, but it's important to make clear my point of view, from which I speak.worldbubble said:
In the 'trader' interpretation of 'playing markets', in the couple years that silver has a role in my life, I talked to some persons that were former 'trader'. They all shared the same story. Being the same one as you. They learnt (the hard way) to NOT do it.
To me, that appears expectable. It's very hard to compete with big systemical/professional entities in a free dollars hunting game, because these entities have close to market data, have participations in mines, companies, have links or are institutional, with attached trading privileges, and so on.
I once read a nice sentence from a longterm 'trader', almost often the best thing to do is nothing. Take very care when you do something, then you can afford to do nothing for most of the other times.
I consider that as very true. And actually, if you read it another time, it comes indeed down to being no 'trader' in 'playing markets' interpretation.
Despite this, there are many out there that attempt. The Comex futures are a good example. A number of small fish against a handful such big fish. It's not hard to predict who is often the losing side.
Didn't actually mean to thank I meant to reply.
I'll admit that I am just popping into the conversation here and haven't read all the relevant post's but comments such
There may well be something lost in translation but if it is in fact meant as posted then why bother buying at all ? Do you mean as a hedge with inflation included in the resale price or something else?
The aspects of prepping are another matter altogether and I guess are relevant to where one is, but the first rule is to be self reliant, not to rely upon anything except what an individual or group has organised in advance and not to expect that a certain preconceived system will automatically be invoked. Barter and exchange will only be an end result not an automatic proxy. As has been posted many times here and elsewhere in so many words, an ounce of gold is just an ounce of gold when compared with feeding yourself or your children or drinking clean water.
It may never happen, bird flue may never happen, some new ugly pox may never happen, 20-30 million without power, preps, JITD, political control, adequate response, and willing enforcers of control could happen tomorrow though. What if it is in five or ten country's instead of one ? NEWSFLASH.... the Euro just crashed beyond all expectations and a bank run is in progress(for the stupid people). What then ?
I'll admit that I am just popping into the conversation here and haven't read all the relevant post's but comments such
seem sort of ludicrous to me.
There may well be something lost in translation but if it is in fact meant as posted then why bother buying at all ? Do you mean as a hedge with inflation included in the resale price or something else?
The aspects of prepping are another matter altogether and I guess are relevant to where one is, but the first rule is to be self reliant, not to rely upon anything except what an individual or group has organised in advance and not to expect that a certain preconceived system will automatically be invoked. Barter and exchange will only be an end result not an automatic proxy. As has been posted many times here and elsewhere in so many words, an ounce of gold is just an ounce of gold when compared with feeding yourself or your children or drinking clean water.
It may never happen, bird flue may never happen, some new ugly pox may never happen, 20-30 million without power, preps, JITD, political control, adequate response, and willing enforcers of control could happen tomorrow though. What if it is in five or ten country's instead of one ? NEWSFLASH.... the Euro just crashed beyond all expectations and a bank run is in progress(for the stupid people). What then ?
Pirocco
Well-Known Member
Well it's like you missed the point, it's very simple: silver, like any product, has a production cost. If the parasites print money and subsequently spend it, then there will be more money representing the same amount products. The cost of products will then generally rise, and those that mine/recycle silver will be faced with a higher cost to do so. Which then can propagate to a higher silver price.southerncross said:
That is how the hedge against inflation fundamentally works. Thie applies to any product, only that few products are practical in monetary roles, but silver is.
An investment is putting money/resources into something (machine/personell/education/etc) in order to achieve a surplus value that is bigger than the investment.
We don't buy silver in this role, we buy and sell it as a dead metal, we didn't do anything with/to it but storing. The sold product is the same as the bought product.
So I think you missed this entire point. I do bother buying silver, in the monetary role storage of value. That's not an investment. The intention wasnt profit. STORAGE of value. If you put a $20 dollar note in a sock, then you also dont expect a profit from it. For the obvious reason. And that is even without inflation.
And an ounce of gold, or silver, or any product used as money, is the door to your food or clean water. Some people produce food. Some people produce clean water. In order to get it from them, you have to offer them something in return. Money is a medium/an inbetween step that greatly facilitates this exchange. If you are a painter, and no farmer around need a painter on the moment you're hungry, then what? You would need to first ask a farmer what he wants, then you'd need to find someone that has what the farmer wants, AND wants your painting service. This all is a huge time and resources consuming mess at the expense of productivity. Without a medium of exchange, even the division of labor process would be blocked, because the barter drawback would inflict people the requirement to be able to do much more different tasks, preventing specialisation.
The Euro, any single currency won't crash. Because the central planning makes sure that no other currency appears much better. If they see that the Euro side shows alot ugly reports and people dump Euro's for something else, then they will hit that something else (ex. trigger a crisis in the US). The whole idea of a world financial system / banking system is to spread their inflation uniformly over the world, so that at any given moment, not any currency appears too strong or too weak.
Even in a scenario where the producing population parts dump ALL fiatcurrencies, and hamster stuff instead, that won't make gold, or silver, or any specific product, much more valuable relative to other products. Simply because when alot people chose a specific product, it's price will increase, and people after them will go for alternatives that didnt see such price increasings yet. This is similar to how inflation propagates itself throughout an economy. It could be compared to a wave that visits the lower grounds first, and only then the higher grounds. Anything that appears most undervalued on a given moment, will be visited first. Anything that appears most overvalued on a given moment, will be avoided. Until the under/overvaluation stops. Alike bargain hunting.
And that all has nothing to do with investing. The word is abused by some that want to suggest falsely that they generate economical value, while in reality their gain is NOT due to a higher/better production at the same cost, but due to a loss of others. An investment is a win-win. Buying gold/silver and wanting more than break even in terms of purchasing power, is what it is: a win-loss. Because that sounds abit... uncomfortable... some started to use the word 'investment' for it, as to cover this 'unconvenient truth' abit.
Yippe-Ki-Ya
New Member
Ernster said:
Dont be too hard on yourself mate - very few here are :lol:
Yippe-Ki-Ya
New Member
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I should be one of these.roman said:
At the end of the day, I want a house.
Silver doesn't really fit in with obtaining that house.
It does indeedfinicky said:
I always know when I don't feel to good about silver to dump it in my SDB so I can't get it too easy.
No worries at my end... I am happy to sit and add some more to my stack as I can. I am not over invested, I have some diversity but at some stage I will sell all my silver. I don't see that time near yet. No plans to sell this year.
Mighty Atom said:
^^^^ this is key I believe. If someone as astute as marc faber advocates diversity, how are we going to do any better by concentration? It would be pure luck imo, and possibly bad luck. For yonks he's been advising 1/4 cash/bonds, 1/4 equities, 1/4 gold, 1/4 R/E with an emphasis on arable acreage.
But just for psychlogical/emotional stability - you don't get overwrought due to volatility of PMs and it gives you better endurance for staying on the bull.
I have sold my entire silver holdings twice in my life. The first time the Hunt brothers drove the price way up and having just got married, sold it all to buy my first home. The second time was after I had been divorced a few years and needed money for a new hobby. This time around, barring an economic collapse, my kids will do what they want with it after I am gone.
No one knows where silver prices are heading. If you are buying to accumulate, dollar cost averaging is your best bet. If you are buying to make a profit, buy low and sell high.
No one knows where silver prices are heading. If you are buying to accumulate, dollar cost averaging is your best bet. If you are buying to make a profit, buy low and sell high.
Henry Wartooth
New Member
I've noticed premiums haven't exactly followed spot.
Silver has shown quite a bullish candle on Friday. Although there was an attempt to push it down and keep below 28.5, it quickly rebounded to new highs. Technically it speaks of a strong support and change in trend from 'down' to 'flat'. I plan to buy a little bit next week.Pirocco said: