Discussion in 'Bullion Investing' started by myownprivy, Mar 6, 2019.
Log in or Sign up to hide this ad.
Well, based on that argument, it takes no skill to aimlessly purchase anything..... Only deep pockets.
Correct, but people who aimlessly purchase things don't do so on the basis of their aimless vintage cassette tape collection is an 'investment' because of elaborate- but unsubstantiated- theories.
There is no skill in buying.
There is skill in 'understanding' things but if we audited what you really understood about your purchases and how they interrelated to other economic/value drivers, do you think you'd come out as being a credibly informed person?
Or, just someone who aimlessly buys metals but learned a few boilerplate talking points from fellow travelers on a bullion forum?
Darn... Is it time for me to throw out my 8-tracks??..... Seriously, I would bet most here are rather like me. I fell in love with old coins as a mere lad fifty years ago. I aimlessly purchased old coins for probably twenty years. With time and involvement came wisdom and maturity. The cross over to silver/gold purchases were simply another avenue for me to enjoy what I enjoy. And if I leave the cash in the bank it will appear in my wife's closet as yet more clothes she won't wear...... But seriously, collecting/stacking or whatever you choose to call it is a growth curve. Rather like driving a car. Thirty years ago, yes my purchases were aimless. Today, they are very calculated and investigated.
You should know that. You know everything else.
If you didn't want to answer you could have ignored it. But by choosing to answer it with "none of your business" you are clearly super defensive about it. What's wrong? Are you feeling like you've maybe made a mistake with your purchasing?
We're all here to learn and help each other. How I initially posted this thread may have come across as arrogant and condescending, but the purpose was to get people to reconsider their actions and seek advice from experts (not on this forum) for help investing. PMs are no substitute for traditional investing!
Exactly. You have absolutely no clue, you're precisely the sort of person being addressed here. You buy shiny metal discs and then buy more because more is better and metals are good.
Many here may have a lot to learn about investing, but you apparently have a lot to learn about persuasive techniques.
Insulting people is a great way to stir up flame wars. For presenting useful information, it's really sub-optimal.
Just a helpful suggestion...
^clickee to expand.
**Also known as continuity of the status quo which metals are swaps against. That's the whole rub with you. Metals are swaps against the world according to privy.**
Venezuela had circulating silver bullion coinage even after the US did away with it.
Venezuela is experiencing severe hyper-inflation.
There are no credible reports of Venezuelans resorting to 'old silver coins' as money, but rather other forms of more trusted fiat currency.
The most contemporary example we have of the 'doomsday metals' narrative is ongoing, as we speak, yet that narrative is not substantiating in real world terms, in the exact context that doomsday metals types say is its day to shine.
You can say that metals are a 'swap' against something but there are too many contemporary indicators to suggest that narrative doesn't play out.
So what are you swapping against? And what's the opportunity cost of your hoarding metal discs, relative to other incredibly simple investment opportunities that would've yielded vastly superior returns?
$10K invested in silver 10 years ago is worth about the same then as it is today (but that $10K has $8500 worth of buying power, now)
$10K in an index fund 10 years ago is worth $31K now
Metals as a pivot relative to other opportunities can make sense, but you almost never hear "metals bugs" talking about any of that stuff. it's just something about how "muh money is kept in silver, brass and lead!!"
Just ask any marketing professional!
If you ask a member questions about their holding or intentions for the future, I recommend they answer " Not your business". Continuation of such personal information is the hallmark of a troll or a burglary ring, so people's business ( on both spectrums ") is their business unless they give out the info. Also cut out the innuendos of intelligence based on your/their financial situation. It is likely just intended as an insult which is getting tiresome. Play nice !!, If you think CT is unfair, try a different site, you'll likely be back. Jim
No, it isn't.
It's to illustrate that in most all cases, bullion hoarders have no answer to those questions because they're not things they've ever considered, even though they're utterly standard metrics for anyone who is actually investing in something.
I can happily say that my % holdings have been increased from the old 5% (considered high) to 10%, which is considered severely overweight by all conventional metrics.
My exit points scale as follows:
Cost Basis = X
Portfolio = Y
X + 50% = 25% of Y
X + 100% = 50% of Y
X + 125% = 25% of Y
X + 200% = 25% of Y
After that, I may be a buyer again.
Absolutely no fear of 'trolls' or 'burglars' in saying this... and if the culture of this forum is running off anyone who understands this stuff as a "know it all", then the consequence is creating a circle of fools.
Fair statement. I'm lousy at investing, that's why I put my 401/403 with a money manager who knows his stuff...except for a bit we have n CD's. My coin stuff is strictly play...that is unless you want to make me an offer...
I bought Peapod when it looked like the future of food delivery. Peapod went bankrupt came back after a couple years but it was too late for me my money was gone.
Bought Apple at $16 / share, sold it at $124 / share but it continued to go up.
I then put my money in Mutual Funds, stock and bond funds. Saw the market go up, then down in March 2009. The market hit bottom but I did not panic just left the money alone. That money is growing nicely now.
I have money in ETF's as well as Mutual Funds. I did buy some AT&T stock and Ford stock mostly for the dividends but that is as far as I'm willing to go with individual stocks.
Saw a 30 minute TV ad on the 1986 - 2016 Silver Eagles set and decided to investigate further to discover THEIR price was about $500 more than other sellers for the exact same set.
I purchased more silver coins and rounds so now I have a small silver investment to round out my portfolio.
BTW: The wife was not too thrilled with the Silver Eagles until she noticed how shiny they were. LOL
The truth is persuasive enough." is like someone saying only my version of XXXXX is correct. No declarative reasons" The truth is persuasive enough.because you claim to ? Lighten up.
Separate names with a comma.