If you don't Silver Stack you will be left behind

My take is that a "good investment" is something that yields a substantial percentage over time, whether that's from utility, income, price appreciation, or something else.

"How much do you mean?" I'd love to have all my money in "good investments"; I'm not rich, but I've been saving for a long time at this point, so that would amount to quite a bit of silver. But it's pretty hard to be sure what's going to be a "good investment" other than in hindsight, and so it's a good idea to spread your money around.

Most of the mainstream advice I've seen says to have just a few percent of your net worth in precious metals. Lots of folks here recommend (and practice) putting a much higher percentage into PM, but after the last few years, you don't need a very long memory to understand the risk that entails.

 

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I don't understand why you have a problem with the point. It is common for stackers to point out that all fiat currencies become worthless, which directly implies the holder of that currency loses out, but that is far from the truth and is very misleading. I certainly proved it by showing the French Franc as an example. No one lost their money, it was just converted to Euros. in addition there are money other currencies that have "come and gone" but the holder did not lose anything. So what exactly does not make sense??? The currency is currently worthless, but no one got caught holding the bag. It seems to me you just don't like someone poking holes is one of the stackers "False Pillars"

In addition, you attack the point with totally unrelated issues. No one's saying that folks NEVER lose out when a currency becomes worthless, just not ALWAYS. When you do that, as I said, it is nothing more than drivel and you know it.

 

When you hear what a great investment silver is, it is very important to understand that statement is almost always coming from folks who are actually very poor investors who have only lost money during their investment career. The folks who actually make money will tell you things more in line with silver better as a hedge, or a vehicle to preserve some purchasing.

 

No one lost out when the Franc coverted to the Euro? Everyone's Euros were worth the same or more when they converted--including Germany?

 

Got any data to prove that?

 

The biggest hindrance to investing in silver is the huge premiums the retailers normally sell at. I buy silver on occasion, but I look for the smallest mark-up offered.

 

Absolutely, I just purchased 5 1 oz. rounds for .49 over market value and free shipping because I've been a frequent customer. Not much but every little bit helps.

 

Oh yeah, plenty. Just read the old posts.

 

Remember that answer mike.

 

The price of silver seems to be jumping around a bit so far this Sunday. I wonder if it will hold, or will it tank again?

 

I assume that 'tank' meaning it would drop close to $10 an ounce. If so I keep buying. World markets seems to be at a point where conflict dominates decisions on price. Oil prices rise because of issues in the gulf, thus the rise. I'm curious as to what the next crisis will bring.

 

No, gas went up because we have been slowly switching to the summer formula. That usually causes gas to go up about twenty-five to fifty over the normal price. The actual price of regular gas has probably went up about fifteen to twenty cents.

 

The houthi rebels and all the instability in the Middle East has got the oil markets riled, but the imminent peak of oil production will put oil out of reach of most people pretty soon. Meanwhile silver is jumping up and down wildly this morning. It's still above where it was last Friday.

 

Why? If the price of oil reaches a certain point there should more fracking.

 

I don't think fracking will push the peak back again.
http://oilprice.com/Energy/Crude-Oil/Why-Peak-Oil-Is-Finally-Here.html

I really don't know, but I see that the price of silver looks like it's going up again.

 

Four years ago, silver was going for $33/oz. These days it's about half that.
How's that investment/fetish working out for you?

 

Very profound observation. Can you fascinate us with a wallstreet infocomercial now?

 

Correct. €1 was 6.55957 FRF (redemption periods ended in Feb'2005 for coins and Feb'2012 for notes), and has been 1.95583 DEM (unlimited redemption period) since Jan'1999. A couple of years ago, some argued that the euro entry rate assigned to the Dutch gulden (NLG) in 1998 should have been higher. But I doubt that the gold and silver bugs here will care about such details.

Christian

 

Thanks but sorry. I'm not buying the "everyone wins" keynesian wet dream. I don't believe anyone can receive an unearned benefit without someone else paying the cost, somehow, somewhere, sooner or later.

 

Silver got a smack down last night some time. Back to $17.40, and we are going to see if there really is a return to the bull, or if the bear is back!