You are wasting your money.

S

sorry2say

New Member
I've been a personal investor for several years, sorry to say this but...PM's are a poor investment, and I've talked to many pm investors, ranging from the casual, to the "preppers" to the "gurus". Here are their arguments, and here is common sense.

1. You can make money.

Yes, you can make money, and you can also LOSE money as well. If you had bought silver in '03 when it was $5/oz, and sold it when it was $45 an ounce in 2011, you would of done pretty good.

But..if you bought it when it was 45 dollars an ounce, you would be rather sore right now, and would of had more money had you put it into savings.


2. It will be useful if the world ends, we get nuked, or any other type of SHTF stuff.

No. It won't.

For one, you can't eat it, and it don't really serve a purpose, and who will regulate it? Who becomes the chief trade expert and makes all the rules?

Okay, ounce of a silver for loaf of bread, sez who? I want .75 for mine.

How exactly do you get change, too? Heres an ounce of gold, I expect .924 ounces back, better get a hacksaw and a file, this might take a while.


3. You, nor can anyone else predict the price of it.

I've heard of "$100 silver" when silver was $5 an ounce, 11 years ago, and I still hear it today. Anyone who can predict the price is full of hot air.


You cannot eat silver, you cannot predict it's price, silver does not pay out dividends.

Sorry to say, but there is more money in stocks, and the whole idea is to make money selling it at a premium while duping people into buying it.

The pm dealers are laughing all the way to the bank.
 
they_see_me_trollin_by_dfh1234.png
 
sorry2say said:
2. It will be useful if the world ends, we get nuked, or any other type of SHTF stuff.

No. It won't.

For one, you can't eat it, and it don't really serve a purpose, and who will regulate it? Who becomes the chief trade expert and makes all the rules?

Okay, ounce of a silver for loaf of bread, sez who? I want .75 for mine.

How exactly do you get change, too? Heres an ounce of gold, I expect .924 ounces back, better get a hacksaw and a file, this might take a while.




You cannot eat silver, you cannot predict it's price, silver does not pay out dividends.

Sorry to say, but there is more money in stocks, and the whole idea is to make money selling it at a premium while duping people into buying it.

The pm dealers are laughing all the way to the bank.
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sorry2say, you can keep your stocks and I will keep my PM silver.

btw, in a SHTF scenario that you speak of PM's can be used to barter with whereas Stocks are completely useless and worthless.
 
Must be my 401 k manager same guy who says your accounts performing well yeah maybe for him.
but when it takes 6 years to get back where it was in 08 Im supposed to believe that's doing well
crap I sure hate to see not so well.
graydragon
 
sorry2say said:
I've been a personal investor for several years, sorry to say this but...PM's are a poor investment,

Anyone who can predict the price is full of hot air.


You cannot eat silver, you cannot predict it's price, silver does not pay out dividends.

Sorry to say, but there is more money in stocks, and the whole idea is to make money selling it at a premium while duping people into buying it.

The pm dealers are laughing all the way to the bank.
Click to expand...

Thank you o great one for honoring us with your wisdom. :rolleyes:

As the first to recognize you Pikkiwoki, I would like my pig and coconuts.

http://archimedesend.blogspot.com/2010/04/papua-new-guinean-mud-god-pikkiwoki-is.html
 
Troll doesn't necessarily = wrong.

Closed minded = ignorant

Ignoramuses are usually wrong. Not pointing a finger at anyone, just saying that ad hominem attacks do not equal an argument against a reasonable perspective/position.



.
 
Just a few corrections:
I've been a personal poster on this blog for several years, sorry to say this but...PM stackers are a poor investment in your time if you want to convince us we don't hold money, and I've talked to many pm investors, ranging from the casual, to the "preppers" to the "gurus". Here are their arguments, and here is common sense.

1. It is money.

Yes, you can make currency additions to your pile of currency, and you can also LOSE currency as well. If you had bought silver in '03 when it was $5/oz, and sold it when it was $45 an ounce in 2011, you would of done pretty good at increasing your currency pile and that matters to a lot of people. But you're talking to people who LIKE buying silver not matter how much of a pile of currency it might make or not. It's like getting a complimentary Port at the restaurant and being given the bottle to take home.

But..if you bought it when it was 45 dollars an ounce, and you needed the currency that you went off to gamble that PMs would go to the moon, then you would be rather sore right now, and would of had more currency had you put it into savings, rather than storing your currency as money.

2. It will be useful if the world ends, we get nuked, or any other type of SHTF stuff.

For one, you can't eat it, but for about 5000 years that we know about you've been able to trade it for food and protection. It's called a 'golden rule' because if you have the gold you make the rules.

Okay, ounce of a silver for loaf of bread, sez who? I want .75 for mine - or so some people who want to make a loss will say. A loaf of bread will be available to buy if using gold or silver but not many people will want to eat paper is my guess.

Now if you had a few gold chains, you might take off a few links, that's been used around the world just recently. Heres an ounce of gold, I expect .924 ounces back, better get a hacksaw and a file, this might take a while- is what some people may think, but gold is soft and shaving off small pieces is fairly easy, but most likely stackers also have small change anyway.

3. You, nor can anyone else predict the price of it.

Which is because you can't predict how long currency will hold a value, up or down. It goes up when the relative value of currency goes down and it goes down when the relative value of currency goes up. The only problem is that when currency fails it take about a wheelbarrow or so to light the fire to cook the food you bought with your bit of silver. So I'd suggest stacking wood rather than currency if you want to continue to be warm.

You cannot eat silver, you cannot predict it's price, silver does not pay out dividends, but that doesn't matter because if you're holding silver it will keep you calm and so relaxed that forum posts about its lack of value will amuse you more than cause you liver damage.

Sorry to say, but the people who destroyed money and convinced everyone that government promises written on paper should be in stocks in the public squares of every town and be visited daily by the fishmonger's waste trucks.

If your whole idea is to make piles of currency selling it at a premium while duping people into buying it then you're not really a stacker and more of a dishonest gambler. But no matter your motivations, the people who buy your goods will have money and not just piles of paper when it really matters.

The pm stackers are laughing all the way to the traders as they see people who'll actually swap paper for real money.
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"My opinion is better than anyone else's on this forum and so I am going to start an account to educate them all and show them the errors of their ways." As if we don't have enough zealot fanatic idiots in this world already. We already have people knocking on our door "Do you have a moment to talk about The Lord our savior?" Now we've got them joining forums that are the exact opposite of what they're all about because they think their opinion is so important they've gotta "educate" others on it. How would you like it if someone from here joined one of your paper stock forums and preached to everyone about how stupid they are for putting their faith into stocks and fiat paper while promoting precious metals? They'd probably be told to piss off right? Well, piss off.

Edit: so apparently if you type the word t-u-r-t-l-e in here it changes it to "turtle"? Lmao whose idea was that?
 
If you have been on this forum for any time at all you will have come across these arguments before, and individually they have been discussed in many threads.

I am not sure of the poster's goal of posting them all in one thread, probably trolling, but it is handy to review them from time to time anyway.

1. We all know that if you pick your own timeframe you can make silver look like the best or the worst performer that ever existed. This is pretty common, if you want to show how well it performs you pick one particular time frame and if you want to show how bad it is then you show another time frame. You can do this with anything. It would be handy to pick another commodity over the same time period (not gold) and that way you can compare the two, maybe everything was heading in the same direction over the time period, maybe silver was standing out from the crowd, maybe not. Either way, it is either a sales trick or lazy analysis.

2. Unless we go to the stone age people are going to be buying and selling things, shopkeepers might put prices up but if they don't sell it, they will go out of business. If the internet, phones, mobile phones and all newspapers dissapear then there is a good chance that people will not know the daily value of silver, if any of them survive then you can be fairly sure that important information will be available.

My smallest coin is a 50% predec 3 cent piece, that has to be worth 50cents, so I am not concerned with making change. Also consider that before easily divisible money, people ran accounts, you could be in credit or debt with a shop as long as it was managed. Not something that we are used to now but people are very resourceful.

3. There may be more money in stocks, we have a stocks subforum. There may be more money in real estate (do we still have a real estate forum?) there is money to be made in lots of places and many members exploit all these areas, moving from one area to another.

So nothing new really, not even presented in a new way, but still good to discuss it everynow and then
 
Quick....everybody stop buying PM's! (Might give me a chance to Buzz something awesome)
 
GF said:
Quick....everybody stop buying PM's! (Might give me a chance to Buzz something awesome)
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This will only work if there are good deals being listed as well!
 
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