Silver getting crushed today

Not JUST that. There have been times, not often, we get an inverted yield curve, i.e. the longer the term the LOWER the interest rate. It's an oddity but it has happened at least twice in my lifetime.

 

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Wow, Jim, by just fleshing out that belief THE TINIEST BIT farther, you get as political as anything ever gets on CT, you know?

 

2005, 2000, 1991, 1981 - ish

 

I'd be looking for a different policy.


If you bought in Nov 2007, you're ever so slightly ahead. If you waited until Feb 2008, you're down around 25%, inflation-adjusted.

If you bought any time between 2010 and 2014... hmm. Yeah, silver has "insured" that your investment doesn't go to zero -- but the greenbacks tucked under your mattress have done a lot better.

 

Yup, but just to point something out from the above illustration .. such as GE ...
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of course, not all stock are like this. But it just shows you if you pick any 2 particular points you can make a statistical concept to prove or disprove anything it seems.

 

Of course those of us who bought PMs 20-40 years ago are in a different boat. Picking a starting time has a way of twisting things around to one's own perspective. This is especially true if the person has a vested interest in traditional investments.(stocks, bonds, etc.) Without central bankers we would not be hearing from you.

 

GE has proven to be a bad investment, especially over the last year or two. That was pretty clear from the original graphic.

Netflix, on the other hand, has been great -- but you'd have had to be nuts, not smart, to bank on that level of performance, and you'd have to be nuts to expect it to continue.

(By the way, two things about GE. First, don't neglect its dividend, small though it may be. Second, if you believe in "buy when everyone else is panicking, and panic when everyone else is buying", I'll just point to today's MarketWatch headline: "How to avoid the next GE...")

 

I never shared this before, but I've only been banned from one forum in my life: Kitco Gold. Back in 2012 I suggested we might be entering another PMs bear market that could last 2 decades like the last one.

I was verbally assaulted by a bunch of posters using foul language and calling me a "Fed shill" a "Morgan Sachs shill," an "Illuminati shill", etc. This after being a regular poster and moderate stacker for a few years. Tried to log in the next day and was notified I was permanently banned for innapropriate content.

 

I had GE, back in it's heyday up to the $60s, then sold quickly after that; and up until recently when I got out around $29/share. I got in it around $24/share. I had it set up for DRIP too and the dividend was pretty good at $24/share. But unless you have a ton of shares dividends are not great if you like to watch your balance sheet and shares owned.

GE was an outperforming stock back in it's heyday. Thus the reason I got back in it when I settled at $24. Hoping it would get it's stuff together and push it back up to those 50s. Oh well, it just didn't have the proper management to keep all areas moving forward. It also shed it's assets (whereas before it was buying assets) to simplify it's business model (like so many other companies have done before it).

if you like to buy "bouncing" stocks then buy when everyone else is panicking sometimes holds true. But in this particular situation if you watch fundamentals, etc. you should have sold in the upper 20s.
==> http://money.cnn.com/2017/11/20/investing/general-electric-immelt-what-went-wrong/index.html

 

Just remember in those types of forums that the needs of the many out weight the needs of the few ; and since you went contrarian to the many, you were banned.

 

Here's the ultimate takeaway - metals are expensive to get into, and expensive to get out of, and expensive to hold. The opportunity to make a decent profit in PM's comes along maybe 1 to 3 times in an average individual's adult lifetime. I've now seen 2. I really don't expect to see a 3rd. I'm 62 and have significant medical issues. So, I don't play with PM's. I collect numismatic coins, some of which are MADE OF PM's, but most are not.

 

Two out of three ain't bad! I'll willingly accept Fed shill and Illuminati shill any day and twice on Sundays. Morgan Sachs? Meh. I ABSOLUTELY LOVE LOVE LOVE the United States Federal Reserve System Board of Governors. They literally saved the world in 2009.

Were SOME people harmed by what the Fed did then? Sure, but the wounds were ENTIRELY self-inflicted!

 

That's my problem. I keep looking around for job advertisements for "fed chill" or "illuminati shill" and can't find any. Who wouldn't want to stay home all day and get paid to post stuff on a forum? Problem is I've yet to find anyone willing to pay for that. The only jobs I've seen are for precious metal pumpers, and those jobs seem to have already been taken (its a crowded field).

 

Correction: They’re “pimpers”, not “pumpers”.

 

Saved the world? We will never know what would have happened if they had allowed some of the TBTF banks to go belly up and prosecuted a few CEO's who arguably caused much of the mess in the first place. What I do know is that ten years of near zero interest rates and QE (CB buying of MBS) has resulted in a lot of people getting thrown under the bus. Sure, people like me (and you?) have done well, with the value of our real estate increasing to insane levels. But the downside of this is a generation of disillusioned young people who might never be able to afford a home of their own. So how exactly did that help our country?

 

I was fortunate to decide to get out of GE in the high 20s. Although I’m certainly not considering a return now, I think it would be wise to follow the new CEO’s reorganization plan. Companies have dipped sharply, only to have strong rebounds later with glorious returns for shareholders.

An example? How about Apple?

 

We (wife and self) have many investments, and PMs are and have always been an integral part of our plan. We keep very good records and the PMs have done respectively well. My personal opinion is that everyone should have a diversified portfolio, including bullion. I sincerely doubt you know what the future will bring, so to poo-poo PMs as a legitimate investment vehicle might be considered by many as narrow minded.

 

I have to go with Gilbert here. A well -diversified portfolio does include some PMs — even if one goes the ETF route — as long as they are a small part of the portfolio. I guess the best way to define “small part” is the individual investor’s taste for risk. Five to 10 percent is a commonly bandied-about range.

 

Yes. I started buying apple when Steve Jobs came back as CEO. Back when it was at $4.

 

You guys just persist in refusing to get it. PMs are NOT investing, they are insurance. Please stop referring to them that way. No one talks about home insurance properties as an investment but lots of people talk about PMs as investing. No once refused insurance because it does not have an investment return. I all makes no sense to me.