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

You know, you read so many of these threads over the years. They always unfold the same. New people think they can rehash the argument in some way that hasn't been heard before. In the end, everyone may be right to a point and wrong at the same time.

All that matters in this argument is "timing" and actions. The silver market is whatever YOU make of it in a given period of time. That time period being from the point you buy to the point you sell all or a portion of, your holdings. Stacking until you die and never selling or trading it at high points for the belief it will always go higher, is pretty much pointless. You have to be willing to accept the inevitable ups and downs and let go of some at some level. If you buy low and sell high you win. If the opposite, you lose. You control what you do with it.

The last time it was running up, we watched people bailing in the 20s, then 30s. Then the 40s. I was one of them. I didn't move that much. But at $41 oz. in the summer of 2011, I decided to move some at that point into a high dollar numismatic deal. So no matter what ended up happening, I could say I got a small win from the silver market. At the show I was at, you could have sold and traded all the silver you wanted to bring for $41 oz. Much of what I brought was purchased in 2007 at $17.
So what kind of perspective are we looking at in this thread? I wasn't able to retire off of this. It was a good decision at the time. I got a little ahead by doing so. The thing is it required action. Both in 2007 to buy and 2011 to sell/trade. You can't predict when it will bounce back but it's easy to guess something will happen that will drive it up again. When it does, I'll transfer some of what I buy now into something else again.

Depending on what peoples expectations are for it and when they get in, everyone will have a different perspective of the value of the market. It is volatile. The paper market drives it.
I take comfort in owning something tangible that I can get my hands on but I have some in the market too. To me, that's a bigger gamble than the PMs. I feel quite confident that I can always break even with a bar of PM if I have to and I could do it today. Not so with the stock market. But you're almost obligated to play everything in hopes of coming out ahead for retirement.

The only reason the dollar lasts is because we're the best of the worst. There really isn't anything else going on this planet that can replace it and too many people around the world rely on it for the place to function. There is an absolute need for a large quantity of something with perceived value to exchange for everyone to continue to survive.
They will keep working at degrading it and maybe some day, eventually, it will crash, but I suspect they'll invent new math if they have to, before they can let it collapse. Or they will devalue it and start chopping off zeros in order to keep functioning.

Long term is a crap shoot. I'd say don't be afraid to take at least "some" short term gains when they present themselves and let come what may for the long term if you're going to play the game. Trying to predict what it will do tomorrow or next week is pointless unless you're looking to move huge quantities of it soon. If there's a trend that may affect where it could go by next fall, it might be worth a read.

There's no reason to hate it and no reason to feel anybody's going to get rich off their "stack". I accept it for what it is and realize there are many forces at play that are out of my control. My expectations are not high, but recent history was enough to keep me excited over the possibilities going forward.

Given what we've seen, I think silver is currently undervalued, again. But I am not an authority for anyone to make large investment decisions off of. Just another opinion in a sea of them.
Rampant inflation is probably inevitable some day, if it isn't happening under our noses already. We've enjoyed relatively low inflation for a long time. If this happens, you don't want that stack of bills sitting under the mattress.

 

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I'd like to offer an apology to the members of this site. I think my badgering of the o.p.'s comments in the silver stack thread were perhaps out of line, and for that, I'm sorry. I'm really an easy going, happy go lucky kind of person and I'm thrilled to have discovered this site. I guess my issue with the o.p. of this thread is/was his claim of expertise with nothing to support it but self proclamation and a bunch of "cut and paste" opinions from who knows where. In the future, I promise to be more considerate.

 

HBE, I followed this thread from the beginning( This subforum can be one of the most explosive of any) and your comment was directed mostly to the posted material and not the individual, so within the rules. The moderators try to be fair to all by the rules, and Peter draws the lines if any one wishes to complain. I appreciate considerate people

 

Things get rather hot in here at times. Of all the forums this is the one that can be the most caustic, toxic, and acrimonious. It's also the most informative in regard to investing and one of the most entertaining in regard to repartee.

If the guy wants to take his ball and go home, let him. HBE did nothing wrong.......

 

We should have our own tribute medal:



In Silver!

 

I am not going any where. I am just not posting my insight or advice on Silver Trade Action from week to week. Because I get bashed not my info I get bashed.

Any how buy silver,fiat will fail.

 

lol

 

That was so LOL,my word this guy should do stand-up. Keep LOL at reports and meetings and you will be crying out loud right out the bank
with empty pockets.

 

If this post is directed at me, than I hope you got a laugh. It was meant to be that way. I've read this entire thread, BTW and frankly, you don't offer any concrete evidenced to support your position, nor do you really concretely state a position. It's always "gray".

I'm not an expert investor, nor am I a newb. I've was in my early 30's when the internet became mainstream and that's when I became interested in investing. I've won big on some stocks, lost big on some during the dot.com craze and generally have learned a few things over time. I followed Investors' Business Daily for a while too.

And the TWO THINGS I've learned in the 20 or so years, is that NO ONE REALLY knows what's going to happen in the market and NO ONE successfully times the market. Experienced investors do their homework and place bets on their ideas, but typically they hedge them in some way.

IMO, you are passionate about this subject. That's great. Please don't expect others to be as passionate about it and when they make a joke, please don't take yourself so seriously.

At the end of the day, we are all going to die. When I'm on my death bed, I don't think I'm going to give a rip whether I bought silver at $17.78 per ounce or eked out a great buy at $17.62!

Also, if Fiat currency fails, there will be no Bank to take silver to anyway. They will have collapsed right along with the currency.

 

+1 to that...if we had a crystal ball maybe...If I could predict the future you Edited: READ rules about symbols in words that I wouldn't be buying PMs

 

I think that silver is a buy at $16.40, with a gold/silver ratio of over 73, so that might go back to around 60 eventually, which makes it seem like a good buy right now, but I may be wrong....

 

How is this for a motto?

Stack or get stacked.

 

I really think the motto "Stack and get sacked" is a bit more appropriate..... especially the last few years

 

lol

 

I like this one better: Stack the smack!

 

Every cloud has its silver lining but it is sometimes a little difficult to get it to the mint.
Don Marquis

Read more at http://www.brainyquote.com/quotes/keywords/silver.html#0PSdLF1T3pQ231Rp.99

 

I couldn't help but say this is why you also stack other kinds of bullion - like lead.

 

You mean there is a behind behind?

 

.

 

If this was an insinuated threat I think you are barking up the wrong tree. And that isn't necessarily limited to forum conduct. I thought you couldn't be any more ignorant than already having agreed with women being barter-able objects, but then you reinforced and surpassed yourself with this last gem. Both slid right by an active mod too. Incredible. This is archive material.