Bullion Investing forum has went down hill

There used to be some insightful discussions here in the past. You used to be able to come here and find one or two good discussions about current events affecting PMs, mining operations, ***thoughtful*** future predictions and now it's just a bunch of B.S. Have people moved on?
Is there anybody left around here that actually knows anything? That's capable of posting more than a one liner or entertaining the latest 12 year old? Half the posts could probably be in coin chat or general discussion. This is supposed to be a forum about bullion investing.

It doesn't really matter to me how much people have or what they have or what they got for Christmas. I'd like to know whether it's time to back up the truck as we used to say or sit tight and let the market keep falling? This is what used to be discussed. Did it do any good? Who knows but at least it was somewhat interesting and stimulating.
Maybe its because PMs have crashed that nobody has anything to say?? Maybe it's because all the excitement is gone so people have gotten bored with it? Or they're too depressed to talk about it? Are single digits coming for silver? Seems like everybody was excited and all buy, buy, buy when it was in the 30s and now when everybody should be excited and buying, there is no excitement.
Well, anyway, just a casual observation. Seeing if I can rattle any cages and see who comes out of the woodwork. Anybody from 5 years ago still around?

 

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I guess people who didn't have jobs when PMs were climbing and the economy tanked, have gone back to work and have less time to complain about things on forums, or come here to call for doom and buying supplies for the gloom and doom surely around the corner and having filled up on high priced PMs are now somewhat less vocal about it since the bull market has sputtered out. A lot of hot air escaped when the price dropped and all the people holding out to buy low haven't reported back on their course of actions...

Scenes change, just like you stopped coming by for a spell, so may have others, and still others replaced them. Things are a lot different with more moderation and tamping down the out of hand political rants that sometimes got out of hand here.

The thing about bugs is that they get squashed, and if not, they scurry away when the lights go on.

 

I only post in the bullion forum here....the only forum that should be able to talk about politics.
Economics and politics go hand in hand...that rule turns this forum into a edited of people showing off the same gold and silver coins over and over and over again.

 

When investors are making money, they are very vocal. They feel they are the smarter people in the market. When they are loosing money, they sit back and are very quiet. They disappear from the limelight and don't want to be recognized as the bad investor who made a bad decision. We are in that last stage right now. Whenever the metal market starts to recover, so will this forum. I buy metals as a inflation hedge not as an investment. When I am at 5%-6% of my portfolio my buying is done. Because that percentage has slipped a little lately, I'll do some purchasing this month to get it back up. After that, I become a reader of this forum and not much else.

 

So would I. Of course, if anybody could know that, and post convincing evidence on a public forum like this -- well, it wouldn't be much of a "market", now, would it?

All of the "tell me what the market is going to do" threads seem to leave off the most important clause: "...and don't tell anybody else!" Because if everybody knows, nobody gets an advantage out of the knowledge. Right?

 

Well that's what this forum is supposed to be for. An ongoing debate involving current events and how they may affect future prices.

Not too worried about everybody reading a thread as probably less than 50 people will stop by to read through.

People used to post interesting articles and discuss podcasts. I guess all the hot air IS gone. Lol. Its like a major event that has ended. The floor is littered with signs and garbage and there's just a couple janitors left pushing booms. Lol

Yeah I bet if silver just goes back to 25 everybody will pile back in.

Have to say this correction has given me a more well rounded perspective and opened my eyes a little more. I bought into the hype and never imagined we'd see below 20 again this fast if ever. Of course I would've never expected to see gas below $2 a gallon in my lifetime either.

I was hoping to find some discussions on the factors driving this stuff. Looks like I better download some more podcasts. .

The last episode I listened to said they expected oil prices to keep falling. This was a month ago and it was correct. And several analysts had a bearish outlook on PMs for the foreseeable future. No cheerleading going on now.

 

It's pop culture. Crowds follow fads, and then fads die. I got a friend into bullion investing and he went bonkers spending half his income per month thinking he was gonna triple it all and buy a farm. I urged him to slow down and pace himself, but he was hell bent on getting in before it shot to the moon.

I can tell you I've haven't made a penny of realized or unrealized profit on my bullion. I rode the bus up and down, and then down again. Then after that happened I rode the rocket into the abyss we're in today. But I'm one of the die hards. I'll be watching bullion after the tv and radio commercials quit and we go back to weiner pills, vitamins, and weight loss drugs. D-I-N-O-V-I-T-E dot com!

This always happens. Take a look at the prepping mania outside of bullion. The food/water/bunker fad has completely fizzled out already. The gun mania after November 2008, and again after sandy hook. The ammo mania. Make money flipping houses. Sodastream. Yoga pants. The crowd is always chasing the shiny object or dangling keys.

Saltysam also makes a great point. It's hard to come in and lay down more predictions when nearly everyone has been wrong all the way along. Has anyone predicted a short term sideways market like we're in now? I finally got smart when I realized I didn't know jack about which way the markets were going. I also think credible news and data don't exist in bullion and mining like it does in stocks.

I'm with ya. I'm starving for some intellectual back and forth. I posed some ideas on platinum and a three way asset allocation strategy between gold silver and platinum. Didn't get hardly any hits.

 

New legislation passed in certain states regarding bullion sales may have contributed as well

 

Something I have found interesting about this bullion investing forum is it has pretty much neglected discussing the major metal that has actually performed well over the past 5+ years.

We are all so conditioned to think about gold, silver and platinum we don't even consider palladium and it has easily outperformed the "favored sons."

For some reason, it is the redheaded stepchild.

Maybe it's time to re-examine our bullion belief system.

 

Perhaps that people are coming to the realization the overall PMs are a horrendous investment, I've read some of the older posts here when silver was apparently going to the moon. People piling all their money into it. Now that PMs are returning back to more sane levels, just not so much interest in it.

 

Like the price of metals, the voice of their pundits fluctuate with the times. Stick around and they'll be back. They always are.

 

We're busy eating our fish-head soup so that we can mutate into status quo yes men for wallstreet.

 

What's been going on there? I haven't heard.

 

Only heard of it in MN so far...
Idiot lawmakers. Here is an article in numismaster: http://numismaster.com/ta/numis/Article.jsp?ArticleId=26904

 

I don't believe 99.9999999999999999999999999999999999999999 % of what is written in here. I do like to read posts about buying certain gold or silver coins to stash. While stashing bullion is nice, like rounds and bars, I really feel gold and silver in a recognized coin form, such as Libertads, Pandas, ASEs, etc are better for hoarding and have a better chance at realizing a profit down the road and can be spent easily if a big crunch ever hit the world. Just my .000000000000000000000001% worth.

 

boo hoo. all the people who thought the world was going to end when obama was elected have either got bored with it or moved to some crazy survival forums. I couldn't be more pleased that silver and gold are tanking, that means I can buy more. it's the pumpers who ruin things

 

Unfortunately there's not very many palladium coins that were minted so as far as PM's go it will stay the "redheaded stepchild", at least for awhile. I should probably get one just to have one. Looks like gold isn't gonna go up in a big way for another 50 years. Maybe palladium is the way to go!

 

All the hype is gone with PMs so naturally people will stop talking about it. I always enjoyed reading this forum over the past few years but never really contributed much.

I think PM prices will continue to drop at least over the next couple of years. I haven't heard much about the economy struggling lately and with the upcoming presidential campaigns I think there will be a sense of optimism for the countries future, however short term that may be.

 

A couple years ago people were posting all sorts of nonsense like you would read on the Zero Hedge and the bullion hype websites. That wasn't any better than what we have now with all the homie this and homie that stuff.

 

I love the market is sweeping away all of the pm pumpers, hucksters, and the like. Now is the period in which I can slowly build my pile up some more. I had always wanted to buy 19th century gold, and now feel comfortable now that gold is down to more sane levels.

Yes, a few years ago there were many of us posting articles, research, and opinions as to why we didn't think silver would "soon be well over $100 an ounce, and gold will be $5000". When you have such posters coming here trying to convince others of such outlandish claims, you had some of here taking the time to disagree. Now those "excitable folks" no longer post. I really do hope they have not forgotten about pm, and are still buying, but I doubt it. Most small investors love to buy at the top, thinking past performance somehow guarantees future appreciation. I am more of a contrarian or "fair value" investor. When everyone wants to buy it makes me pause, and when everyone does not want to talk about something, THAT is the time to buy.

I disagree with you @longnine009, we are not all "wall street yes men". It was the PRICE I disagreed with earlier. Now that the price is what I consider a reasonable level I am buying pm again, and am in fact lowering my stock purchases. I try to never be in love with any investment choice, I am willing to invest in anything at the right price. For the last 5 years I simply thought stocks were undervalued and pm overvalued. Now, markets have changed prices IMHO.