...and down she goes!

They can't do that...can they? :scratch:

 

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Not an unfair writeup. My only disagreement would really be "manipulation". Depending on your definition of that word, I could agree or disagree, but the problem is everyone interprets, or has their own connotation, of that word. I believe that is what drives quite a bit of disagreement here.

 

Understandably so. My belief in sinister manipulation is grounded in speculation and from information I have picked up while learning about the banking system and currency market, as well as in facts that have come to light, such as LIBOR manipulation. I think there can be disagreement on the level or degree of manipulation, simply because manipulators, in theory or practice, won't generally put on paper or outright openly declare that they are manipulating. I think most would agree that there is a huge concentration of power in the hands of a few, and this will invite manipulation of some kind.

Anyway, back to the main topic. This smack-down of silver has served as a reality check for me and other bulls, and it has encouraged me to seek out other perspectives, so in that sense it has been positive. Also, studying the currency market has allowed me to see other forces at play in driving down the price of silver. On the other hand, bearish sentiment is extremely high, so perhaps now is the time to buy. If almost everyone is negative on an investment, it's generally a positive indicator. It's cliche to say it, but true.

 

im scaredddd :'(

 

IM SCUUUREEED.:dead-horse: YES I DID SPELL IT SCUUUREEED.

 

Here's a "perspective"...silver to no different than any other investment. There's a certain amount of money chasing investment options. Investors generally gravitate towards investments which provide the greatest "perceived value" over the coming six (6) months...Value = Return / Risk.

Interest rates, energy, transportation, and the corrugated paper segments are really the only leading indicators you need to forecast trends. The Magic 8-Ball predicts...lower silver/gold prices by year's end.

 

Another aspect of the Bay is sometimes you are not the only one selling something similar. And you may as a result, if the market is glutted watch your children go from infants to grand parents waiting for a buyer to come along and pay you the price you set as your minimum.

 

As we agree the price is manipulated, the run up to $49 and change cannot be compared to its previous price in order to say what fair value should be. I agree that we can say the price of silver did not suddenly gain 200% in a matter of months, but since the original price was also wrong it doesn't mean that the price shouldn't have gone that high or higher, or lower for that matter. There is no way to know fair value in these markets, so price comparisons in recent history are moot. The inflation hedge isn't an overnight thing. It smooths out over time... it's the tide, not the waves.

 

If you have no way of knowing fair value, I would highly recommend another market to invest in and I would also suggest it is being extremely reckless and irresponsible of you to be touting silver as an investment to anyone.

 

Where in that post was he touting silver as an investment?

 

Not this post at all, Two solid years almost 2,000 other posts, do you doubt in any way, shape or form, that InfleXion has been touting the benefits of Silver Investing? Also do you think someone who has no idea about the value by his own admission should be giving out advice?
A financial adviser would fired and sued if he rendered such advise.

Also, why are trying to "get me" on a technicality? This is not a team sport. Shouldn't we be more concerned about the truth and facts?

 

I'm not trying to "get you" at all. I'm not sure anybody's opinion is going to be truthful or factual, and your financial adviser comment is off base. I believe it's been proven in court that their advise is not something they can be sued over. It's still up to the investor to make the decision. A fiduciary can be sued for this, but not an adviser, there is a difference and if they could most of them wouldn't have a job. They can be sued for fraud, but not bad advise.

 

that would be akin to a belief that people rise from the grave or descend from the clouds sir. that is what E&O Insurance is for. I hold a series 6 and 2-15 license. And I had to cough up the premium for that $2mil policy EVERY month solely for the fact that rich people like to sue investors for advice that loses them money.

 

OK,
I'll meet you half way, I'll take your statement as fact, but its your turn. No team stacker vs. Bullion bears stuff. I would like you honest opinion. You know quite well that the permabulls have been recommending buying in silver all the way back when silver was $48. I am also sure you know the convention method of valuing a commodity is against its cost of production which for silver is give or take $20

So the question is, Do you think those buy recommendations was financially sound advice, and should those permabulls, bloggers, etc step up to plate now that reality has played out and admit they were wrong?

 

I'll say that much of their advice and info is worth exactly what they charge for it, and most of them don't charge anything. In fact, it's almost comical that anytime metals drop a dime they site the "cartel" and whatever other cute name they give to their perceived nemesis. In the end, I do believe that metals are manipulated, but probably not to the degree they like to scream it.

There is no way they're going to come out and admit they were or are wrong, and they don't really have to. You see, they have the benefit of time because none of them ever give you a specific time or date when X or Y will happen, just that at some point it will happen. I really don't care what they do, but if you're holding your breath for some kind of personal or public apology, you should start breathing because that just won't happen.

 

Close enough for me, I think we are more in agreement than disagreement. YMMV

 

As an aside to the conversation, i agree with rhysherms. I have a cfp, and as part of the program were shown how unsound advice was litigatable. I sure remember from my cpa days how many bad opinions would bankrupt a firm.

Overall, i welcome all opinions. Even though others may think inflexion and i don't get along, that is untrue. I may disagree with some of his views, i respect his opinions. No ones opinions are more valuable than anyone elses, we are all here to give our opinions, discuss, and maybe learn something.

 

So I have to ask 2 very simple questions.

1) What do you do when the crowd is telling you the "best direction", or right now the crowd clamoring that PMs are the worst direction?
2) What does the saying "Buy right and sit tight" mean to you right now?

 

Just because it isn't possible to determine fair value doesn't mean I can't tell that it's undervalued. And it's not specific to silver. There's no way to know fair value in any market that uses leverage. So by your logic nobody should recommend anything. I'm game if everyone else is.

Additionally I have repeatedly explained my reasoning for why I like silver therefore nobody need take my word for it since the information I used to make my determinations is readily available. Besides that, I don't tout silver as an investment. It's money, protection, and freedom.

 

It's always nice to have assets that aren't tied to an EIN/SSN...aka, the "Mark of the Beast". :devil:

That's the REAL attraction of PMs...which far outweighs any silly economic argument...(imo).

If investment options were squares on a Monopoly board, PMs would be "Free Parking". You don't get interest or dividends from PMs...it's just a place to "park" your money, away from the unconstitutional wealth tax of fiat money, until something better comes along.

To discuss "Free Parking" in the same breath as "Boardwalk" or "Park Place"...or even "Baltic Ave"...seems ridiculous!