Time to cash in?

[mmissinglink]

To those who think that purchasing silver can not be or should not be seen as an investment, here's the obvious truth: purchasing silver is an investment of one's money; investment (noun) - the action or process of investing money for profit or material result, profit (noun) - a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.

I'm convinced from what I've seen and read that the vast majority of people who buy physical silver are buying it with the intention of eventually converting it to the currency of their choosing so that they can buy what is needed at the time of selling. Even many doomsdayers, if I understand their thinking correctly, have faith that the silver blobs they buy today will be of greater value in the future than the money they spent to purchase those blobs. And with those blobs at some doomsday time, they believe that they will be able to barter the blobs for other goods or services, in effect, treating these blobs like a currency. The hope by these people who are investing their current currency into physical pm's is that at some time in the future, the value of that pm will have not gone down and will in fact have gone up, ideally. This makes physical silver an investment for all those people and even for many doomsdayers.

In fact, it is the permabulls who are the one's who, more than anyone else, see silver as an investment and they have committed themselves to believing that tomorrow the price of silver should shoot to da moon. That's investment mentality straight up (and I don't mean that disparagingly).

So yes, silver can be a terrible investment for some people....it all depends on when you buy and when you use (cash in) the current value of that metal to do something you feel is important. Some people may be forced unexpectedly, through no fault of their own, to cash in at a time they were not expecting to. I can think of numerous examples of how this would look.


@ DrawerofSilver, I'm sorry that you may need to cash out during a time like this where the value of silver is comparatively weak


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[alor]

make that double please.

I need to dig out my silver from my land, and sell that land to buy more silver.

later on will need to bury more silver into a smaller piece of land :lol:

 

[Pirocco]

Remember this:

2014-06-08 18:53:49 PRICE US$19.01

http://forums.silverstackers.com/topic-53892-ehm-important-message-to-the-quitters.html

EHM! Important message to the quitters.

To those that sold their precious metal!
To those that became King Cashier
Or King Fiat at the Bank!
Or King WhateverPromise in Whereverland!
What are you guys (can't be girls those quit properly) still doing on silverstackers.com?
Shouldn't you guys now not be on fiatforum.com / whatever?
You quit!
Remember?
Leave the pm business to those that do the business!

Do you need a wet hug or so in order to leave?

Then, they bought back in.
Price was driven to US$21.
Their negativism gone.

Months later.
They got out again.
Finished dumping.
Price $19.3

And now they're back.
With their negativity.

 

[tolly_67]

another year and another $300 bucks off the price of gold and hopefully that will be it.
do the maths as to what silver will be at that point.
$15 at a rough guess...maybe $10 if GSR goes to 100.
I felt like vomitting when I cashed in at $33 thinking of all the gains I was going to miss out on.
I think that gut instinct sometimes takes on its own persona.
Take a risk and follow your nose instead of strangers.
You can always buy back in lower.

 

[Pirocco]

That's what those that sell, at what turns out as the bottom price, always think.
Another 'always'.

 

[mmissinglink]

And now they're back. With their negativity.

One person's realistic outlook is another's perception of negativity.

I just hope that those who constantly knock the people who don't tow the permabull line don't end up in a situation where they are forced to sell some or much of their silver at a loss.



.

 

[Holdfast]

Some will buy with their spare cash.

Some will buy just as they buy fuel, food, booze or go on a holiday and really couldn't give a rat's arse.

Some will buy to speculate.

Some will buy because they see the world as a fing big mess, politically, religiously and financially.

Some will buy because they diversify their investments.

Some will buy because they are young.

Some will sell because they are too old and want a good-p.ss-up and holiday before they croak it.

Some will buy bars, some coins, some new numies some old numies.

Some just follow the crowd.

Some use history as a guide.

Some don't know why they buy.

Some are happy to squirrel away a few lumps of precious metal because it makes them happy.

Some would rather buy metal than try to stockmarket.

Some have lost lots of money on the stockmarket and will never get their money back.

Some lost a lot of their super back in 2008 / 2009 thanks to the so called experts and reckon they'd rather have a few lumps of gold or silver than the so called gurus look after their money.

As I see it, there's some folk that seem to think everything is fine and dandy in the world and..............................FWIW some of those who buy metal for the capital gain are very impatient who have no idea of what short, medium or long term is.

Buy metal for a reason and... if you have purchased metal with money you don't own then you are a speculator.

For me...I see a shearty world, I see a stockmarket that is overheated.

Owning a modest home on good land that you own, debt free or close to debt free, good soil and a few lumps of PM, cash for emergencies and diversity in metal types and sizes is a no brainer.

What I'd say to folk is this.

History will show you the way.

Look at who is hoarding and why?

Do your homework, work out your life-plan and how you will live your life.

Sure, young folk can speculate, because they have the time to re-build their wealth but older folk can't afford to have their savings evaporate. We saw what happened in Cyprus, We know that when you place your money in a bank it's not your anymore and it's easy for a government to pinch your dollars. (Cyprus)

Pay off your home while interest rates are low.

Pay-off your credit card.

Buy some metal with your spare money. Lots!

 

[VANGBAC]

Sure, young folk can speculate, because they have the time to re-build their wealth but older folk can't afford to have their savings evaporate. We saw what happened in Cyprus, We know that when you place your money in a bank it's not your anymore and it's easy for a government to pinch your dollars. (Cyprus)
Pay off your home while interest rates are low.
Pay-off your credit card.

DONE!!! and hopefully a few years to enjoy life. Freedom feels great!!

 

[lshallperish]

I think so. The prices of silver will be maintained at this price. It will not go above $25.00 per ounce and it won't go any lower than $16.00 per ounce. After holding onto silver for the last seven years, it seems that silver was a bad investment. I'm asking of anyone else feels this way or if there is going to be a bull run.

Silver is not a bad investment... you are the bad investment for silver..if you cant even hold on to silver then why bother get rid of it... but once silver rises you'll come running back then sell at low again and thus your minus cash continues lol

 

[tozak]

Silver 7 years ago was in the low teens, even went below US$10 after that point

If you sold out at the top it was a 5 bagger

If you bought in low teens and you still holding then your still up like 70-80%

How was Silver a bad investment?

 

[Pirocco]

And now they're back. With their negativity.

One person's realistic outlook is another's perception of negativity.

I just hope that those who constantly knock the people who don't tow the permabull line don't end up in a situation where they are forced to sell some or much of their silver at a loss.

.

Those people you refer to, only open their "not-towing-permabull-line" - mouth after X dollars having been sold down.
Where were they at last $21? And last $22? And last $24?
It's like they had their silencers on while sitting on the edge of their chair with their fist hovering their SELL buttons.

 

[Pirocco]

another year and another $300 bucks off the price of gold and hopefully that will be it.
do the maths as to what silver will be at that point.
$15 at a rough guess...maybe $10 if GSR goes to 100.
I felt like vomitting when I cashed in at $33 thinking of all the gains I was going to miss out on.
I think that gut instinct sometimes takes on its own persona.
Take a risk and follow your nose instead of strangers.
You can always buy back in lower.

You hope that will be it?
Lol, please let the $300 bucks off come.
That's once again more ounces.
Another version of your sentence:
"I felt like vomitting when I saw you cashing out at $33 with lotsa hope on the lips".
Those that follow their nose are bad speculators that only look forward 15 cm in a Walt Disney case.

 

[Pirocco]

Silver 7 years ago was in the low teens, even went below US$10 after that point

If you sold out at the top it was a 5 bagger

If you bought in low teens and you still holding then your still up like 70-80%

How was Silver a bad investment?

It just shows that one can predraw any judgement by just selecting a time frame, a peak price, a bottom price, a year to date price, and some other tricks.
What is reality?
I don't know.
I just see the part I can see and that I have time for to dig out.
But I did check some parts.
And I read this on a backdoor: some people, bought around 2000. They sold, in 2011. Since, they bought at most a peanut, and are waiting. Until the market is "rinsed out". Until the last sucker sold.
And then they perform the "repeat".
When I left the alley, I noticed that my hat had felt off while I was reading this. So I ran back, and someone had already quickly erased it from the backdoor.

 

[Skyrocket]

With so many differing opinions on Silver I don't really care what people say anymore because I am in it for the long term. I'm confident it will skyrocket sometime within next 20 years.

 

[Pirocco]

I actually don't care whether price will skyrocket or slamground, what I care is that other prices follow it in the same direction.
If one would for ex wanna buy a house, a typical longer term savings goal, and the house price halves, and silver halves too, then he can still buy that house.
And the opposite, if the house would double in price, and silvers price doubles too, then he can still buy that house.
And that was my, and I think many, very goal from the beginning.
Although I would like a little stability, it's easier to buy and sell then, no need to wait everytime for money for nothing clubbers.

 

[Audeamus]

Mmissinglink, for what its worth, I have no problem with people referring to PM's as an investment. I personally do not view the gold and silver I hold as an investment but more as a form of finical insurance. I have myself on occasion refereed to what I hold in PM's as an investment, but to be honest this has been discussed ad nauseam in the past and I have no strong view on how others see it, as long as your happy.

As for permabulls, good luck to them if this is the way they feel comfortable holding the metal. The fact is we have no real idea of where the price is heading. I'm comfortable holding the metal because finically the worlds sovereigns have never been in this position before and in my view the central banks have no idea how this is going to turn out. I'm sure they have the capability of fighting this for some time yet.

Drawerofsilver is reaching out to like minded people and is clearly in a contemplative state, I'm suggesting he needs to be comfortable in why he/she holds silver in the first place. As we can all agree to disagree on the reasons why, in the end it doesn't really matter, just so long as the holder is comfortable in their own mind as to why they play the game that is PM's.

Cheers, Aude

 

[mmissinglink]

I hear where you're coming from Audeamus and I think we are more or less in agreement.

My contention is really with those who insinuate that silver is not and should never be called an investment....which is stupid-talk. Then you have those who belittle and make inflammatory and offensive remarks toward people like DrawerofSilver just because s/he questions whether an asset was a good investment for her/him. Of course you also have your nutty dodo birds who call people who question the efficacy of their own investment in a particular asset (that happens to be shiny), "quitters" and suggest that people like DrawerofSilver are engaging in "negativism".

I see these people who are attacking DrawerofSilver as very immature people....because that's what they really are.




.

 

[mmissinglink]

And now they're back. With their negativity.

One person's realistic outlook is another's perception of negativity.

I just hope that those who constantly knock the people who don't tow the permabull line don't end up in a situation where they are forced to sell some or much of their silver at a loss.

.

Those people you refer to, only open their "not-towing-permabull-line" - mouth after X dollars having been sold down.
Where were they at last $21? And last $22? And last $24?
It's like they had their silencers on while sitting on the edge of their chair with their fist hovering their SELL buttons.

That's absurd, Pirocco.

You and I don't know what situation DrawerofSilver is facing so for you to write such things shows your level of immaturity.

I won't knock someone who believes that they are better off selling (or buying if that's the case) at this moment a commodity/asset like physical pm's....maybe there's a very good reason(s) why they believe what they do.

It's always better to ask someone why they feel they need to sell now and why they believe that silver will not go up very much and that sort of thing....instead of attacking right off the bat. Afterall, aren't we supposed to be a community of people who have a common interest and maybe we should look to understand one another before we hurl insults at them?



.


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[Pirocco]

One person's realistic outlook is another's perception of negativity.

I just hope that those who constantly knock the people who don't tow the permabull line don't end up in a situation where they are forced to sell some or much of their silver at a loss.

.

Those people you refer to, only open their "not-towing-permabull-line" - mouth after X dollars having been sold down.
Where were they at last $21? And last $22? And last $24?
It's like they had their silencers on while sitting on the edge of their chair with their fist hovering their SELL buttons.

That's absurd, Pirocco.

You and I don't know what situation DrawerofSilver is facing so for you to write such things shows your level of immaturity.

I won't knock someone who believes that they are better off selling (or buying if that's the case) at this moment a commodity/asset like physical pm's....maybe there's a very good reason(s) why they believe what they do.

It's always better to ask someone why they feel they need to sell now and why they believe that silver will not go up very much and that sort of thing....instead of attacking right off the bat. Afterall, aren't we supposed to be a community of people who have a common interest and maybe we should look to understand one another before we hurl insults at them?
.

You're absurd yourself mmissinglink.

I don't look at things through a towel with a hole in it.

I see alot positivity at high prices.
I see alot negativity at low prices.

How do I know it was the opposite?
The price trend afterwards told it!

A forum user U1, and his situation S1,
Another forum user U2, and his situation S2,
Another forum user U3, and his situation S3,
... doesn't deny what is said above.

It's always better to make that inverted "sentiment" clear.
Unless you like people making, and repeating, bad decisions?
That would be absurd, no?
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[Skyrocket]

DrawerOfSilver, I'll better his offer!

I will buy all your silver at spot -9% and then I will wait until one day it skyrockets!