May 1st is the day to buy silver!

Thou doth protest too much.

How about you leave the silver stacking threads to the silver stackers? Or is a little decency too much to ask?

 

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This is not a Silver Stackers thread. It is a Bullion Investing Thread. In Investing forums, there are always bulls, bears, and everything in between. If you are looking for a place where everyone has the same opinions and will only look through their rose colored glasses and only say thing like SILVER to $100 BABY, maybe you should ask Jim to start a Silver Cheerleading forum and I will be happy to stay away.

 

It was a neat idea. But it looks like the cartel got the best of the oppressed stackers again. Darn it!

 

Decency? Was it "decent" of people coming onto CT and posting how "silver HAS to go to $100 an ounce soon!". How about they guy who came on here "proving" the fair value of silver was $114 an ounce, and if you can buy it for one red cent less it was a STEAL! That guy was here about 2 years ago, I refuted his "findings", and people here yelled at me for that as well.

No sir, I find nothing "decent" about allowing a feeding frenzy mentality to go unchallenged. If you are uncomfortable defending your position, if to you its simply a matter of faith rather than of defendable positions, then I am sorry for that. I simply refuse to allow bold "predictions" posted here to go unchallenged.

Btw, I will compare silver stacks with you, if you say I am unqualified as a "stacker". How many ounces of silver do I have to have to be qualified to post here? Most of mine has been in my hands for 20 years, or is it if I haven't been buying the last two or three years I am now not considered a "stacker"?

 

You cheerlead against silver more than anyone here cheerleads for it, and why on earth is someone posting so often on a board about investing in something he doesn't invest in?

Seems like you either have a vested interest in steering people away from precious metals, or just a lot of time on your hands.

 

Did you notice who I quoted? I wasn't talking to you. You always offer a fair opinion. :thumb:

 

Sorry if I was stepping into someone else's conversation.

 

Read my old posts. I owned physical silver and sold it long before it peaked out at $48. After the peak I recommended shorting paper silver. I put my money where my mouth was and did so. Go back and read posts, it is there. Going short IS Investing. I AM bullion investing. I currently have no physical silver now and have long covered my short. I have talked about a new entry point and have stated it is below $20 for me. I am sitting on the sidelines and waiting.

You bet I had a vested interest in silver, and still do. As far as steering people away? My only interest was putting forward my honest opinion. I really hoped some listetened, but probably not. I am even not even close to being delusional enough to think that posting on coin talk can effect the market price of silver. It cannot.

So what exacly was my big crime here. Being Right ???????

 

Seems to be doing to opposite today currently down $1.05.

 

The Smack down today really puts a crimp in my plans to corner the silver market. Or maybe it doesn't. Hunt brothers here I come!!!!!!!!!!!
http://www.zerohedge.com/news/2013-05-01/commodity-smackdown-progress?page=1

 

Wow I was sorta thinking it would rise today!
That 6 ounces of silver was probably a bad buy last night.

 

Only if you are trying to time the market short term.

Lesson one in physical PM - Its a long term buy and sell market. If you wish to play short term gains/losses, do the paper contracts. MUCH less cost of acquisition and disposal. This is where the serious money plays for a reason. THe physical market is for old fashioned people like us who wish to minimize holding costs over a period of decades.

 

Yes Chris, it was me being indecent. You know I personlly know two folks here at work that are getting divorced because they bought deep into the silver propaganda and their wives had enough because half their money is now gone. I really don't see how the bloggers with their not so hidden agenda's are still the good guys.....

Oh well

 

And I have a friend who's son in law liquidated his 401k to buy all in. Can't protect stupid. I agree with you, though, and its why I also post here even though I bought most of my bulk silver I will probably own years ago, but if a price point again is reached that I believe is undervalued I might buy a few bags. I have a few more nickels to rub together now than I did 20 years ago.

It IS a good asset. I know some think I am a naysayer, but I DO honestly believe in the asset, and love physically holding silver. Its just the hyperbole of a few proponents that get repeated as if gospel I am just trying to warn is dangerous. Its a much better asset to acquire today than a couple of months ago. Its just not some mystical, if I own it I will always be protected, own at all costs, asset. Its a great contra asset to own for protection of your other assets mainly. But, with everything in life, some people take a good thing too far.

 

It's really sad to read about these types of things happening.

On a side note......back before UPS went public a manager told me to get a second mortgage on the house and use the proceeds to buy the stock. I flat out told him he was balmy, but he's the millionaire today.

 

Yeah, some people swing for the fences and connect. I was never that type of guy. I just try for the singles

 

We all know a little about this silver coaster we ride.
But we can't see the track ahead. If only...

I just hope it comes back when I want to sell those 5 oz'ers.
Maybe my kids can sell them after I'm gone.

 

True. I bet Bill Gates and the founder of Facebook were also considered retarded for quitting Harvard to start their businesses. Risk takers are the ones who become billionaires. However, for every billionaire there are 10,000 people who scrape by because they bet huge and lost. Maybe I am chicken, but I play the odds.

Listen, regarding silver, every one of us is in a different place. That will drive disagreements by itself. I am a grumpy old man with toddlers at home, (so even grumpier), and I HAVE silver. If I were 30 years old and owned no PM, do I think the market today is bad? HECK NO. If you are 30 and own no PM, I say start buying today. Don't go crazy, but start buying some each month. I was not saying that when silver was $35-40, but in the low $20s is low enough I am very comfortable saying if you have none BUY SOME. Should it be your only asset, should you borrow money to buy, should you cash out your retirement to buy? No, No, and No, but if you are in a reasonable position, own some stocks and bonds in retirement plans, you SHOULD have some pm as an alternate asset. If you have fun either stacking it or collecting it, even better.

Maybe that is another core reason I disagree with many here. I have mine. Its in the SDB. If I were someone with NONE, I am sure I would have a different outlook, and rightly so.

I still do not think its worth over $30 an ounce though.

 

I buy 1 ASE or CML every pay check and call it good. not looking to sell anytime soon. sell some only if I need money that badly. I like owning some silver. I wish I had more money for the larger 10 oz'er bars but will settle for 1 oz'ers. slowly add to my very small stack. I spend way more on coins than silver. way down the road I will want to buy gold type coins.

 

Sounds like it couldn't of worked out any better for them, shaked off a couple gold diggers while their still young (hopefully). That really takes the cake though, getting divorced because their silver lost a bit of value on paper. (if that's actually the reason they got divorced) Like has already been said in this thread a few times, ya can't fix stupid.