Silver down again

Um, yeah. Geez, I had no idea such a innocuous comment could spur a reaction.

You want data? 1984-1988, at Ben Marlenee's coin shop, and Adventureland Inn monthly coin show, Des Moines Iowa. I didn't write down specific dates or names of personnel, I guess I was just ignorant on how I would need that specific information in an informal coin chat 30 years later. My bad.

 

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I have never/will never say that sir. My only "point" was those who like to brag about how much they "will buy if prices get to X" rarely do. Like most things, its the quiet accumulators, those who think for themselves, set themselves on a certain path, and donw loudly proclaim how they will outsmart the market, are the ones who usually end up with the highest net worth.

That's all. Not trying to start a war again. Is silver a good investment? Yeah. Is it the best? Don't know. That is why I never chase yields, I buy what I believe is prudent, and over time. Chasing yields, whether it be in stocks, bonds, or PM is the best way for a small investor to lose money.

 

Deleted im not a financial advisor.

 

Deleted, following Tinpot's lead

 

I want to specifically apologize to Mikem2000, medoraman, Blaubart, and Fred13 along with any others affected by my posts.

I am going to go back and delete my unnecessary posts and propaganda laden ones.

 

Reducto Ad Absurdum, eh?

 

I realize you're being sarcastic, and I think we're on the same "team" when it comes to PM, but this is one of my peeves when others say it. They're making the assumption that I'm buying silver as an investment and that isn't true. I'm buying it because I like it, and for its value to me as insurance in an increasingly uncertain world. I'll be happy if the day never comes where we see hyperinflation or our economy collapse. In that case, my kids will inherit my stack and I hope they enjoy it.

Now, if you'll excuse me, silver is below $30. I figure this is as good a time as any head downtown and pick up a few coins. :thumb:

 

Apology happily accepted.

 

Same here. My apologies if I got carried away and offended anyone.

 

No Mike, I am trying to turn the corner here in these forums and apologize for all of my disrespectful posts in your direction.

I am not a financial advisor and no one should take any of my posts as such.

I am done with the propaganda I was spewing before and realize now that I was wrong to do it in the first place.

 

Is it beer thirty yet? It'll be afternoon (barely) when I get down town, that's not too early is it?

 

I wish I could join you, but I am too busy trying to figure out what just happened here:smile

 

Silver below $30? I'll buy some bullion this weekend.

If it drops some more, it's just a few more coins in my collection.

 

That's what the beer does. It helps you figure things out.

 

Silver valud an oz- 29.87

 

I thought it makes women look prettier

 

Its always beer thirty somewhere. It doesn't help me any, I am a Quaker so I don't drink, but don't mind if anyone else does.

 

I second this approach. If you like it, buy it, it's why I have a gold necklace, or use it as a hedge against major economic downturns. But absent a major downturn I think the price of gold and silver will go down in the future. I view gold and silver prices moving down as a good thing, as an indication that investment opportunities, and real growth, are coming back on line. I still own some as a hedge, and think everyone should, but most of my investments are not in PM.