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Quiksilver, you are extremely bright and way ahead of the game at your age. I wish I was as plugged in at your age as you are.Quiksilver said:No one can tell you what to do except you, but I know for myself once we see the hangover from this upturn, I'll be increasing my position in silver. And yes am prepared to lose every cent I invest..
And you consider that making up for its pitiful perform from 1900-1999? Even the sun shines on a dog's ass some days, or one decade. Give it time, the 0% long term return will be maintained.Danger said:Azanon,
Define "short term speculation". Silver has gone from $4 to $44 in ten years, however I would not consider that the short term.
I would hardly call ~ 4% positive average annual return being decimated (my IRR for the past 10 years). And I held no precious metals. Anyone holding a generic "lazy portfolio" did 3-4% IRR. This is quickly confirmed with cursory google skills.Hell, anyone who kept just 0-5% of gold and silver in their portfolio over the last ten years would have been decimated. Even worse, they would be oblivious to the fact that they had been financially raped.
That would be a negative. I hold 100s of stocks within my mutual funds, many of which partially, if not exclusively, realize growth only through capital gains. I also hold REITs which (partially) realize growth through capital gains.You are basically one of the proponents of dividends versus capital gains, and there is nothing wrong with that sort of investing. However that does not mean that capital gains is a bad kind of investment. Many of the "income" instruments over the last ten years have not done so well.
You think 75,000 ounces of silver is a lot in the grand scheme of things? (150x500). Before answering, recognize the question is rhetorical.Mr.Positive said:Danger, Azanon refuses to get it. The days of silver being used as an inflation hedge (0% real return) are a thing of the past.
Think about this, every tomahawk bomb we drop on Libya has over 500 ounces of silver in it. Poof...gone
You left out "traces of" after has.Every laptop, cell phone, solar panel, heck pretty much any tech gadget has silver it it.
Hey man, I'm winking right with you. That's exactly what I'd say if I owned silver. You're playing the "greater fool" game. Just don't wait too late to sell, because the suckers are almost bought in.There is no top on silver. Silver could go to a $1000 an ounce, what could stop it? Wait until the economy turns around, if it does, and we start consuming even more.
You're not even a beginner investor. You don't realize that it would be no more foolish (or smart, depending on your opinion) to buy silver now than it would be to own it? An investment is either good or it is not. The price is the same whether you're buying today, or already own it and are in a position to sell it - at the same dam* price as the person buying it! (minus a negligible commission)Mr.Positive said:I agree 100% Danger.
I'm not purchasing at these prices. I am saving some money to make a purchase this summer. I think we'll see low 30's, maybe even in the 20's.
The last silver purchase I made was a small one, a 10 oz bar, that cost me $345. I cringed then at the price, and haven't purchased since. Actually I am very tempted to sell some silver and buy back later this summer...but, the dollar is falling off a cliff, and nobody really knows for sure what is going to happen.
What makes you assume I'm not investing elsewhere as well? This thread is about silver, not stocks, there's plenty of threads on stocks. Silver/gold make up a portion of my investments, not all.azanon said:You're not even a beginner investor. You don't realize that it would be no more foolish (or smart, depending on your opinion) to buy silver now than it would be to own it? An investment is either good or it is not. .
It makes perfect sense to hold gold and silver. Gold and silver are assets, there is no liability attached to them, the value is honest.azanon said:(edit) Look, I realize shows like Cramer, or stock recommendations often have 3 categories: Buy, hold, or sell. But in practice, there should be only two; buy and sell. It wouldn't make sense to be of the opinion that holding is a good idea, but buying isn't. .
Well said Danger....and good luck Franky. I understand where you are coming from. It's very tempting to want to buy, especially if you have a decent amount of money sitting around just waiting for the right time.Danger said:Good luck Franky.
Before you pull that trigger, remember that many of the greatest investment minds have often been wrong about things, Warren Buffet especially.
Those people you refer to above are correct that it will go that high, but they have their timing wrong. It will not be this year.
It was just last year that China started allowing their people to buy physical silver. It was forbidden from the government before that. Then the government openly recommended silver. That's 1.4 billion possible new silver investors, imagine if each one just bought one ounce of silver...poof, bye bye, no more silver to be found. China is a major producer of mined silver as well, and what I've heard, is they are not letting it leave the country.Franky Four Fingers said:Things is it isn't just inflation and money printing/currency debasing etc., it's China and India buying big as well. If they are loading up due to fiat currency uncertainty etc., that's two MAJOR buyers of silver. Much higher demand because of them so then price will increase. They make momentum investors look like a a tiny spec.
Dude, silver is in every tech gadget you own...from your ipod, ipad, tv..down to your electric toothbrush. (Don't know about the toothbrush, but hopefully you get the point).Alle_Gory said:Technological demand, for what? What is silver used for and how much is that industry growing and projected to grow?
So far your reasons are very vague. Figure out what the hell it is, how much there is and how fast it's produced, and why people want it.
I take this stuff called "Sovereign Silver" every time if feel a cold coming on, and *poof* no more sickness.Mr.Positive said:• Recently Discovered to be a Very Effective Anti-Microbial/Bacterial
Danger, thank you. Good point, this is where I'm in error.Danger said:Mr. Positive,
You have a good list of the strong fundamentals for the silver bull market, however you are making the mistake of applying that to the short term movement which is strictly based on emotion at this point.
Remember....
Fundamentals = Long-term (which I consider to be about 20 years).
Emotions = Short-term (a more vague term but certainly a 100% return in 6 months is short term emotionally driven).
I hope that helps clarify how to "game" the markets a bit better.
The fundamentals support a triple digit silver price. But Rome was not built in a day, nor does the value of any tangible or stock rise to it's true value all at once. It takes time. Now is not yet that time.