Worst silver purchase.. Can you beat it?

[Jislizard]

My real estate purchases have made a paper loss but I am getting rent on them, it doesn't matter that they are now worth less than I paid for them as I didn't buy them intending to sell them.

Maybe I could have waited a couple of years to buy the houses and got them cheaper but I would have missed out on the rent and the tax benefits.

The silver is not providing an income, it costs me to store the stuff. I could have bought my entire stack today for much less than I paid for it, I wouldn't have had to store it for so long and I would have been able to buy more of it.

The only thing I have lost is the opportunity to accumulate more silver, an opportunity that I would like to have had.

I am a hoarder, I am stacking because I don't want inflation to eat away my savings. I believe that in the long run I will be better off but in the short term I have lost out.

If I was a trader and I bought and sold I would probably not be making such a loss, but I am not, I am in it for the long term and silver is just one of the ways I intend to store my wealth, at this moment in time it is not the most productive one, I hope that changes.

 

[RetardedMonkey]

Houses also provide a critical function for humans.... Shelter.

Silver can't really "do" anything.

 

[Lunarowl]

Houses also provide a critical function for humans.... Shelter.

Silver can't really "do" anything.

Silver can kill bacteria :|

 

[worldbubble]

Houses also provide a critical function for humans.... Shelter.

Silver can't really "do" anything.

Silver can kill bacteria :|

and vampires! ))

 

[Alfie]

Houses also provide a critical function for humans.... Shelter.

Silver can't really "do" anything.

Silver can kill bacteria :|

and vampires! ))

Make you blue if you consume enough of it

 

[sammysilver]

If you think you have made a poor silver purchase, then why are you even here in this forum? You clearly don't understand silver and maybe you would be better off in a stock trading forum. How many times does it need to be said that you only lose when you sell, and if you can't bear seeing the spot where it is, then perhaps you invested money you couldn't afford. My advice, only invest what you are prepared to lose and always have a plan b and c and that way you'll never have a sleepless night. Sit tight and dont get your frilly panties in twist.

I'm with you, but I still demand to wear frilly panties!

 

[Jislizard]

If you think you have made a poor silver purchase, then why are you even here in this forum? You clearly don't understand silver and maybe you would be better off in a stock trading forum. How many times does it need to be said that you only lose when you sell, and if you can't bear seeing the spot where it is, then perhaps you invested money you couldn't afford. My advice, only invest what you are prepared to lose and always have a plan b and c and that way you'll never have a sleepless night. Sit tight and dont get your frilly panties in twist.

I'm with you, but I still demand to wear frilly panties!

Pics or it didn't happen...actually I will take your word for it in this case.

 

[wrcmad]

Did I lose after a few months in the investment or did I win after a year in the investment?

Both.
You initially lost 5%. Your wealth was reduced by 5% of the purchase price.
You can tell yourself as many times as you like that you didn't lose because you didn't sell - fact is you could have bought cheaper had you waited, and that cost you 5% in cold hard cash (opportunity loss).
A later rise of 20% does not negate the initial loss, it still remains that you could have been 25% up on your investment, rather than 20% - a loss of 5% to you.

Ok, wish I could offset those paper losses against my actual gains. Shame the ATO doesn't recognise it as a loss unless the asset or investment was sold. The rest of what you said sounds great if only you could predict wich way a market will swing in the short term. But if we could then we would all be bullionaires.

You are exactly right IMHO.
The ATO is the last organisation you should use to back up any argument.
No one can predict short term swings in the market - that is why to tell yourself you haven't made a loss until you sell is delusional - the market may never swing you back into profit. If you insist it will swing back your way, then you are predicting the price swings that no one can predict.

You haven't committed a crime until you are busted?
You haven't jumped off a cliff until you hit the ground?
You haven't smashed you car until you claim on insurance?
You haven't made a loss until you sell?

 

[Silverlicious]

Houses also provide a critical function for humans.... Shelter.

Silver can't really "do" anything.

Are you serious? Look at all the products we use that contain silver. Tell the latest burn victim that his silver bandages to speed his recovery are not critical.

 

[Silverlicious]

Both.
You initially lost 5%. Your wealth was reduced by 5% of the purchase price.
You can tell yourself as many times as you like that you didn't lose because you didn't sell - fact is you could have bought cheaper had you waited, and that cost you 5% in cold hard cash (opportunity loss).
A later rise of 20% does not negate the initial loss, it still remains that you could have been 25% up on your investment, rather than 20% - a loss of 5% to you.

Ok, wish I could offset those paper losses against my actual gains. Shame the ATO doesn't recognise it as a loss unless the asset or investment was sold. The rest of what you said sounds great if only you could predict wich way a market will swing in the short term. But if we could then we would all be bullionaires.

You are exactly right IMHO.
The ATO is the last organisation you should use to back up any argument.
No one can predict short term swings in the market - that is why to tell yourself you haven't made a loss until you sell is delusional - the market may never swing you back into profit. If you insist it will swing back your way, then you are predicting the price swings that no one can predict.

You haven't committed a crime until you are busted?
You haven't jumped off a cliff until you hit the ground?
You haven't smashed you car until you claim on insurance?
You haven't made a loss until you sell?

You hit the nail on the head. I am a delusional optimist and you are a sane pessimist.. Haha. Anyway, you think you made a loss because spot tells you so, yet you and everyone else believes spot is manipulated. So then, have you really made a loss?

 

[Sargeant Argent]

Im understand your delusions I get the same way when I get a little head dip at my local youd think I was towing in at Jaws!

 

[wrcmad]

You hit the nail on the head. I am a delusional optimist and you are a sane pessimist.. Haha. Anyway, you think you made a loss because spot tells you so, yet you and everyone else believes spot is manipulated. So then, have you really made a loss?

The jury is still out for me on manipulation.
As far as spot, yes I believe I have made a loss because spot tells me so.
Spot price is worshiped here. Any stacker here who doesn't care what they pay for metal relative to spot is a liar. Just take a look at the bitching about dealer and mint premiums, the hopefuls for price disconnect, the whining about alleged smackdowns. In fact the whole theory of price manipulation only exists because stackers follow spot price - otherwise it would not be of concern to them.

 

[Jislizard]

Houses also provide a critical function for humans.... Shelter.

Silver can't really "do" anything.

Are you serious? Look at all the products we use that contain silver. Tell the latest burn victim that his silver bandages to speed his recovery are not critical.

Silver has plenty of uses in industry but most of us will never be selling our silver to any of the industries who use it and it is unlikly that any of the industries will come to buy silver off any of us stackers. We sell to each other and spot is the main selling point.

Even in an economic downturn people still need to live in houses and landlords would have to drop prices or have empty houses making no money. Many of the companies making electronics or solar panels might decide that there isn't enough market to keep the factories open which means they no longer have a need for silver.

Silver in bandages is the exception not the norm, it may kill bacteria but it is thought to slow down the healing process, there was talk of having silver in the threads of the sheets and hospital gowns so that patients would be at lower risk of MRSA but I don't hink anything ever came of it.

Of course when there is trouble at home it is always a good distraction to start a war overseas, preferably against a small country without long range missiles. You need a lot of silver in those drones.

 

[Silver bullitt]

You hit the nail on the head. I am a delusional optimist and you are a sane pessimist.. Haha. Anyway, you think you made a loss because spot tells you so, yet you and everyone else believes spot is manipulated. So then, have you really made a loss?

The jury is still out for me on manipulation.
As far as spot, yes I believe I have made a loss because spot tells me so.
Spot price is worshiped here. Any stacker here who doesn't care what they pay for metal relative to spot is a liar. Just take a look at the bitching about dealer and mint premiums, the hopefuls for price disconnect, the whining about alleged smackdowns. In fact the whole theory of price manipulation only exists because stackers follow spot price - otherwise it would not be of concern to them.

+1 about the manipulation THEORY.
I also SUSPECT spot is manipulated which does not make this a FACT on which to firmly base decisions.

Silverlicious, as far as the ATO position, sure they do not recognize a depreciated asset if it's not a source of actual income. A totally different asset class to PM investment and completely irrelevant,
I think that's why we call it income tax.
It's still a loss to me though and if I were buying a leveraged asset, such as real estate, the bank would certainly take an interest in my balance sheet as part of my proposal and would certainly notice an asset that had depreciated causing a fall in my nett worth.
A LOSS in other words and a reduced capacity to invest in leveraged assets, business expenses or expansion.
But we have been over this delusion before.
Still, nothing like burying your head in the sand to feel safe from danger I suppose.

Edited for clarification.

 

[pdkbffwleo]

Pirocco and Photonaware, no one is debating your opinions, what I take offence with is the personal nature of the opinion that denigrates those not in harmony with your feelings. It appears that money, capital gain, one-up-manship, etc. are your sole reason for stacking. How much did you get for your grandmother? The argument flows into the realm of the personal and as such the opinion and the argument are diminished. The grandmother comment is not warranted and offensive but follows on from the insult to those who stack for reasons you do not understand or fathom.

That said, if you live with regrets, you'll die with regrets. I'm better than that.

Well said. You're exactly right. Pirocco loves to take it personal, always has, always will. His opinion is just his...and everyone has one. Take his personal insults/jabs with a grain of salt, because he changes his position like I change my underwear. His definition of a "stacker" is his, and his only. Anyone who "sells at a profit" isn't a stacker, and is somehow contributing to what is BAD in this world...which is greed. I think of it as, taking profits when you see fit. Again, his opinion is HIS only, and everyone has one. His is no more valuable than anyone' elses.

Good luck mate.

 

[pdkbffwleo]

Pirocco and Photonaware, no one is debating your opinions, what I take offence with is the personal nature of the opinion that denigrates those not in harmony with your feelings. It appears that money, capital gain, one-up-manship, etc. are your sole reason for stacking. How much did you get for your grandmother? The argument flows into the realm of the personal and as such the opinion and the argument are diminished. The grandmother comment is not warranted and offensive but follows on from the insult to those who stack for reasons you do not understand or fathom.

That said, if you live with regrets, you'll die with regrets. I'm better than that.

Do you name a pocket thief that grabs your wallet as someone 'not in harmony with your feelings'?
I don't.
It has to do with preserving the purchasing power you earnt after producing things and services available to purchase.
That's it.
That's all.
Morality? Feelings? Grandmothers? Where?

Any chance you could stop browbeating with every post Pricco? Your pontificating is boorish and dull.

You have not made any better purchases of metals than anyone else on here so stop carrying on with your greater fool theory bullshit and making out like you are some sort of superior guru.

Sneering and flawed statistics do not make for informative or interesting reading so how about giving it a rest?

Finally...there's no wonder you have about 10 people "saying thanks" to this comment. His comments are extremely dull...extremely boorish. He won't give it a rest until he "wins."

We got it. You win Pricococococo. Now, can we get back to the topic on hand?

 

[pdkbffwleo]

Did I lose after a few months in the investment or did I win after a year in the investment?

Both.
You initially lost 5%. Your wealth was reduced by 5% of the purchase price.
You can tell yourself as many times as you like that you didn't lose because you didn't sell - fact is you could have bought cheaper had you waited, and that cost you 5% in cold hard cash (opportunity loss).
A later rise of 20% does not negate the initial loss, it still remains that you could have been 25% up on your investment, rather than 20% - a loss of 5% to you.

Well said.

 

[Court Jester]

sorry I don't get your point.

People who bought Silver at $49/oz in 1979 and haven't broken even yet.

Have you told them they don't have the kahunas?

its funny I laugh at the idiots saying back the truck up now is a good buying opportunity etc etc. They were saying that @ $31, then @ the high 20's then again at the mid 20's and now in the low 20's / high teens. lol if you had of "backed the truck up @ $33 an ounce you would be looking pretty stupid now.

The simple fact is it has been an a downwards trend for that last 2 years and could now go sideways for the next 20+ years no one knows.


Like the fool in the other post saying that the US will NEVER EVER be invaded well it HAS happened in the past and it CAN happen again. All of this "great buying opportunity now get it while it is cheap as tomorrow it will be going to DA moon BS is just that total complete EXCREMENT OF A BULL. They dont have a clue and for all they know it could be just like in the 80 where we have 20 + years of sideways movement

 

[Silverlicious]

sorry I don't get your point.

People who bought Silver at $49/oz in 1979 and haven't broken even yet.

Have you told them they don't have the kahunas?

What are you banging on about? Read my original post again. What you are asking me has no relevance to the context of my post whatsoever.

 

[Silverlicious]

You hit the nail on the head. I am a delusional optimist and you are a sane pessimist.. Haha. Anyway, you think you made a loss because spot tells you so, yet you and everyone else believes spot is manipulated. So then, have you really made a loss?

The jury is still out for me on manipulation.
As far as spot, yes I believe I have made a loss because spot tells me so.
Spot price is worshiped here. Any stacker here who doesn't care what they pay for metal relative to spot is a liar. Just take a look at the bitching about dealer and mint premiums, the hopefuls for price disconnect, the whining about alleged smackdowns. In fact the whole theory of price manipulation only exists because stackers follow spot price - otherwise it would not be of concern to them.

+1 about the manipulation THEORY.
I also SUSPECT spot is manipulated which does not make this a FACT on which to firmly base decisions.

Silverlicious, as far as the ATO position, sure they do not recognize a depreciated asset if it's not a source of actual income. A totally different asset class to PM investment and completely irrelevant,
I think that's why we call it income tax.
It's still a loss to me though and if I were buying a leveraged asset, such as real estate, the bank would certainly take an interest in my balance sheet as part of my proposal and would certainly notice an asset that had depreciated causing a fall in my nett worth.
A LOSS in other words and a reduced capacity to invest in leveraged assets, business expenses or expansion.
But we have been over this delusion before.
Still, nothing like burying your head in the sand to feel safe from danger I suppose.

Edited for clarification.

Maybe you misunderstood me. Buying metals is an investment that can potentially produce an income right?If you lose on that investment then you can offset that loss against the tax payable on gains you have made on other investments such as shares.