Silver getting crushed today

"I have heard it said" Is just that, hear say. I never said I agreed or disagreed with it. So comparing it to my other statement is irrelevant and non applicable. I would however lean towards the 80/20 split.

"But buy into ETFs or mutual funds, and you get to ride on the big players' shoulders." A lot of people took a bath in 08 on that advice. Comparing stocks to PM's is a non argument as well. Two totally different animals. PM's are a store of wealth, a personal savings account not an investment. Sitting around thinking about how your PM's are losing or gaining compared to a FRN is ludicrous at best.

PMs are not an investment they are insurance as such you should not compare them to investments you compare them to insurance. You buy fire insurance etc. for your house, car insurance for your car though you don't complain when you are forced to pay and you lose that money compounded yearly over decades? Do you complain that none of your insurance "investments" will never pay off unless your house burns down, or you are involved in a serious car accident totaling your car? No, but if anything ever occurred you would be very pleased that you have insurance. Thus the same is true of PMs they are insurance against the economic system failure they are not an investment and as such you should not be thinking of them in that way.

 

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80 percent of stock market participants are definitely not coming out losers. Whatever source is pushing that theory you should just go ahead and disregard forever

 

Actually I think it is worse than that but we are all entitled to our opinions I suppose. If the people who are brainwashed new they were brainwashed then they wouldn't be brainwashed.

 

Opinions have nothing to do with facts, if you truly believe that than you have absolutely no idea what you are talking about when it comes to stocks

 

And the same can be said about you and PM's. Maybe you should go troll a different sub- forum. And for the record opinions can be extrapolated from facts. Its what judges do all the time. They are presented with the facts then they form their opinion/judgment based on the evidence. Please tell me you have never had an opinion based on what you new to be true. Disagreeing with something is one thing but in my experience when people interject emotion into a debate its because they are either losing the debate or disagree with something but cant back it up. So I suppose your opinion is that " opinions have nothing to do with the facts" Think about that one...

 

Why's that because I don't believe the marketing hype that PMs protect against economic system failure like you keep posting?

Opinions can come from facts, but your opinion that the vast majority of stock market participants lose money is completely disprove by facts. Just like the fact that is economics completely fell apart and the dollar went to 0 and the country collapsed it is a fact people wouldn't calmly switch to gold and silver and life would go on normally. If you can't be self sustained in a remote place with defense in that situation you're basically dead.

 

"Opinions can come from facts" Wait, you just told me " Opinions have nothing to do with facts" Which one is it???

"but your opinion that the vast majority of stock market participants lose money is completely disprove by facts." Ok, now show me those facts. I am listening and am willing to learn.

" Just like the fact that is economics completely fell apart and the dollar went to 0 and the country collapsed it is a fact people wouldn't calmly switch to gold and silver and life would go on normally. If you can't be self sustained in a remote place with defense in that situation you're basically dead." Is this your opinion or is your statement a fact?

 

You opinion about the stock market has nothing to do with facts.

I'm not doing elementary level research for you. It's a well known fact. Everyone wouldn't be involved if your opinions were remotely close to true.

It's a fact. Society would plunge into chaos and no one is trading food, water, or medical supplies aka necessities to live for gold or silver when they don't know where their next source will come from.

 

Note to all - shut up and provide citations for your facts. Otherwise go argue about what your favorite color is.

 

Blue
No. red
And yellow too
I also like purple
And the color silver and gold
Oh wait, I like green especially when dyed on little pieces of paper in intricate design with pictures of dead Pressidents!

 

I think we can all relax. Contrary to what Chicken Little says and/or uniformed poplar opinyon, the world is not, in point of fact, coming to an end, not by manned meteor strike, centrifugal demagnification and/or all-out Blue Smurf warfare. Or, as Monty Python so brilliantly and memorably sang, "Always look at the bright side of life."

 

I HAVE SET MY EXPECTAIONS LOW THATS WHY I LOOK AT THE BRIGHT SIDE OF LIFE........AND HAPPY.........

 

I think I will hop in here a little now. I may be a fool but I do not buy my silver for any of the above mentioned reasons. I have been thinking about it and what I have is basically a rainy day fund!
Its comes from extra money that was not expected or really needed ,
And the big thing for me is if it was cash or converted to cash it would get spent!! Simple, Not because of Gov, No Zombies, Or what ever, Silver is something that is affordable to me and That's about it.
Oh also I do not watch the ticker to see if I am making or losing cash I have alerts set for that, I JUST LIKE TO!
JON

 

This spot on 100% and I wish more people would realize that.

 

Oddly, I do complain about insurance. And I use win/loss scenarios based on aged situations on how much insurance I carry and what it's covering.

For instance when I bought my new car with all those fangled driving aids I got to notch insurance. 4 days later a 8pt buck deer ran right in front of me and smashed up the front end ... ouch. The car did stop very quickly. But it can't do much in that scenario. The repair bill was gigantic, made me wonder if they were going to just total the car or not. But they repaired it, and I only paid $100.

Now my 8 year old car doesn't carry that level of insurance. It's long been paid off. The house pays a level of insurance that I'm comfortable with.

On a few other things I debate insurance/maintenance contracts versus the potential cost of a potential future failure of some type. And usually avoid those contracts as I'd rather have the cash buildup vs an insurance system that's bound to disappoint.

PMs are pretty. They "hold" wealth. They'll never replace cash, as they have to be converted to cash first. They'll be a few ppl who understand PMs for barter but that would be far down the list from water, ammo, etc in those type of disasters. In case of those type of disasters, the entire electronic "PM spot" systems won't be working anyways so PMs may hold no value unless in coinage, at face value. But who knows about the unknown. You can only reference other disasters as a reference to what has happened with PMs, cash, etc.

 

The lower the expectations the less grievous the disappointments.

 

I like to think that it is highly unlikely that things will ever be as bad as the worst case scenario in the same way that it is equally as unlikely that they will ever be as good as the best case scenario.

 

So how is the stock market doing today? No terrible crashes after I talked the wife into a sell off!

 

Looks pretty good to me ...

 

Perhaps we'll go to 25,000...and then just continue on up from there!