Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Boss Gold
>
Reply to Thread
Message:
<p>[QUOTE="fatima, post: 1338682, member: 22143"]Though I was clear about it in the OP, I will restate it again. The past performance of an investment is no indication of future performance. One should not use that fact alone to judge whether an investment will do well in the future or not. What one should do is to understand what is driving the price of said investment. Is it demand, manipulation, paper sales, rarity, new disruptive technology, etc etc. This is the research that one must do to be a successful investor. If you have that knowledge, then, and only then, can you look at the history of that investment, judge it against this knowledge as a test, then use that to extrapolate how it might do in the future. Even then plans might not work out, as unexpected events come well.... unexpectedly and you can't plan for that. </p><p><br /></p><p>Having said that, if anyone takes anything from this topic, beyond amusement at some taking it too seriously, then it should be clear that in the case of silver and gold that many of the things attributed to silver that are said here, are not true. For example there is no mysterious ratio that says silver = X amount of gold, or that monetary mischief affects silver in the same way that it affects gold, or that the manipulators are hitting both in the same manner. These are all fallacies. As I said above you must do your research on what is driving the price of each. Silver is not the poor man's gold as it doesn't work like gold does. For example. If in January 2011 a theoretical investment of $10,000 in each metal would have resulted in the following a couple of days ago. </p><ul> <li>Gold - <b>$11,132</b> <img src="http://www.freesmileys.org/smileys/smiley-happy005.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></li> <li>Silver - <span style="color: red"><b>($9,057)</b></span> <img src="http://www.freesmileys.org/smileys/smiley-sad045.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></li> </ul><p>In other words its a huge $2,075 (over 20%) difference in the performance over the last 12 months. Clearly silver does not track what gold does. This is why I have said that gold is for investors, silver is for speculators. You may disagree with this but if you are investing in it, stacking it, etc. then it behooves you to go and understand why there was such a difference IF you though it followed gold.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1338682, member: 22143"]Though I was clear about it in the OP, I will restate it again. The past performance of an investment is no indication of future performance. One should not use that fact alone to judge whether an investment will do well in the future or not. What one should do is to understand what is driving the price of said investment. Is it demand, manipulation, paper sales, rarity, new disruptive technology, etc etc. This is the research that one must do to be a successful investor. If you have that knowledge, then, and only then, can you look at the history of that investment, judge it against this knowledge as a test, then use that to extrapolate how it might do in the future. Even then plans might not work out, as unexpected events come well.... unexpectedly and you can't plan for that. Having said that, if anyone takes anything from this topic, beyond amusement at some taking it too seriously, then it should be clear that in the case of silver and gold that many of the things attributed to silver that are said here, are not true. For example there is no mysterious ratio that says silver = X amount of gold, or that monetary mischief affects silver in the same way that it affects gold, or that the manipulators are hitting both in the same manner. These are all fallacies. As I said above you must do your research on what is driving the price of each. Silver is not the poor man's gold as it doesn't work like gold does. For example. If in January 2011 a theoretical investment of $10,000 in each metal would have resulted in the following a couple of days ago. [LIST][*]Gold - [B]$11,132[/B] [IMG]http://www.freesmileys.org/smileys/smiley-happy005.gif[/IMG] [*]Silver - [color=red][B]($9,057)[/B][/color] [IMG]http://www.freesmileys.org/smileys/smiley-sad045.gif[/IMG][/LIST] In other words its a huge $2,075 (over 20%) difference in the performance over the last 12 months. Clearly silver does not track what gold does. This is why I have said that gold is for investors, silver is for speculators. You may disagree with this but if you are investing in it, stacking it, etc. then it behooves you to go and understand why there was such a difference IF you though it followed gold.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Boss Gold
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...