Why so many downers in here?

[QUOTE="medoraman, post: 2022064, member: That is fine. What about everyone else? You don't think a newbie has the right to hear the other side of a pm salesman's pitch?

***The other side of the pitch presumbly is being delivered by someone who knows what they are doing to someone who doesn't? You don't see the irony in that? IMO, the best thing that could happen to the newbie that throws money into something he doesn't understand is that he'll get hammered. Then he will learn or perish. If you or others want to save them, that's your business. If they want to be saved that's their business. But, IMO, you don't get smarter by being coddled.
"You only get smarter by playing a smarter opponet." Revolver

I think you and krispy know exactly what I'm saying. If not, forget I said anything at all.

[/QUOTE
Tell me how anti-pm I am again please. I have a price point, and a REASON I wish to invest in pm.[/QUOTE

***I never said it the first time.

 

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The enlightenment of your sophistry is over-whelming.

 

Thank you. You're ever so welcome. But you are entitled to your opinons as to whether my arguments are right or wrong, and I've made no attempt to deceive anyone in making them. Regards.

 

The only member I can think of who talks down on silver would be the youngster who says, dolla instead of dollar like a normal man would. So instead of coming off like a regular person he comes off as a troll.

 

I like it when others talk down silver. For me, "hey it's $16.00 / oz, GET SOME MORE!"

 

This makes perfect sense and puts into perspective 90% of the posts I perceived as negative on silver. This answer helps a lot. I myself have matured from the "sky is falling tomorrow at 3pm" crowd. I am still a silver bug, but have tempered my expectations on upside and being able to time the rapture. Once you have read 500 articles of the same demise that never shows, you start to question your palm readers.

I remember all the way back to 2011 or 2012 when Stansbury was 100% sure the dollar would collapse before year end and oil prices would soar to the moon. Those outfits keep making the same predictions and updating the end dates on the powerpoint. I actually watched one of those "watch this video or you will die tomorrow" presentations on the web. The template is a 40 minute scare scare scare drumbeat only to end in a "buy this special report, or subscribe to my newsletter."

Your response makes perfect sense Medoraman, I appreciate it.

 

I've pondered that. Never put too much consideration on it though. Seems like at these prices there is not enough interest in the take-possession community to even threaten the existing supply. I would imagine if we were anywhere near a supply problem there wouldn't be the enormous amount of marketing and creative stamping of bullion that exists today.

Now if we were talking ice fishing hot spots, I'd be participating in all sorts of brain games to protect my secret spots .

 

...but wouldn't those be dangerous?

 

Too funny! I guard my sources of "junk silver" so as not to get too many people buying there, which could drive the price up.

 

Lol, yeah I used to do that to. Back when silver was lower, I was buying silver at 3 times face, which was still more than the coin stores were offering.

To me, protecting a good source to buy silver is a lot more important than some place to catch fish.

 

And there sir I'm afraid we'll have to agree to disagree.

 

Lol, fair enough. I live on a lake in MN, I guess ice fishing hot spots are not that big of deal to me, plus I don't eat fish.

 

Why downers? Because this is a "bullion investing" forum, and contrary to many people's beliefs, investments do sometimes trend "down". Downward trends often lead to downward views on the investment, bringing forth the negatives while ignoring the positives. Its normal on any investments forums I've ever seen.

 

OP, if you want to read just how long hustling, financial corruption and human stupidity has been going on, try Extraordinary Popular Delusions and the Madness of Crowds-Charles Mackay
Oh, and the end of the world too. That was suppose to go down in 999A.D. Bet the land speculators sheared the sheep to the bone on that one.

Nothing has changed much in 500 years. But at least: I got my zombucks, I got my Orange Crush.

 

Did he mean Tola's Indian .995 gold

 

Could be . Orange Krugerands weren't PC when that song came out.

 

People have been making fun of silver since the 90's and look how far it's gotten over the last 15-16 years. Someone who bought in the late 90's had higher gains with silver than gold (that is, if someone sold their silver in 2011 or 2012..)

This current down-trend is a positive for anyone still buying silver or for those just now getting into it. Whether it be another year or two, it won't stay this low for long. Heck, even if it could go to $12 or $10 in the near future.. I'll keep buying more. Eventually we'll see the numbers go back up.

 

And what do you present as backing for that statement. Which is a rhetorical question as there is none. Perhaps faith , hope, or something else, but it might stay down for decade or more. The economy is growing stronger, the USD is dominant among the currencies, The Saudis are offering a 20% discount on oil to try and remove incentive for internal US production, where is the great "Weimar " inflation so many bullionists predicted for the US with quantitative easing a few years ago? Not there. Maybe someday, but what would change over one or two years with high enough probability to cause it to drive PM up?

Don't get me wrong, everyone can buy all they want at whatever price in my opinion, but to offer that it is a positive for those just getting into it has an unknown probability.

And I guess that qualifies me as a "downer", but investments should be based on facts and high probability.

Jim

 

I posed an idea on a different site a couple months ago when silver was regularly trending down. The topic was "What black swan will take the system down?" Forget for now what system is exactly. I posed this question; What if the black swan is that there is no black swan? What if the economy slowly climbs outta the gutter and nothing bad happens?

I spun a few heads off some of those people, but I think it's a relevant consideration to make if you straddle the fence between doomsday prepper and rational investor.

 

Look how far it's gotten over the last 4 years.

Look how far it got throughout the entire decade of the 1990s.

And someone who bought in the early 80's and held on through 2005... must have been very, very patient, and would have still most likely lost money.



The curve over the last 5 years is looking an awful lot like the curve from 1979 to 1982. I've got a good bit of silver, and still occasionally buy more; I'm really, really hoping that the curve over the next 20 years doesn't look like the one from 1984 to 2004. I expect I can hold longer than that if I need to, but it would be pretty boring.