Discussion in 'Bullion Investing' started by yakpoo, Jun 21, 2019.
How low will it go?
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Well of course no one will bump this prediction so yes yes let's see how close "YOU" got.
Gold is currently over $1500 which is higher than you predicted.
You predicted silver $25 which would have been about a 50% gain from the $18.05 spot at the time. Nope no 50% gain ( I'm shocked ) . Nope instead of the 50% gain you predicted, it has actually dropped. Again, I'm shocked. But don't worry, you are certainly not the only one to make constant, impossible, no chance in hell, always wrong predictions about silver going through the roof.
To make any type of nice profits, .001 in gains is not a formula for success
People are pretty reasonable when predicting the price of other metals but seem to always go overboard into the realm of absurdity when predicting silver.
I mean $25 an ounce never had a chance of even being close. I saw several prediction saying $400-$700 by the end of this decade and it actually dropped this decade.
@goldcollector to go steal our Christmas presents.
@goldcollector will meet the karma that's due him.
Not all moves are that marginal. There are occasional weeks where a 10% gain can happen. There is a day in April 2013 I can remember silver losing $3 (-11%) and gold losing $140 (-9%) in a 24 hour time frame, both metals took an even hit. Let's not make it sound like silver is for the peasants bobbing for apples in the street.
No, silver is apparently for chiselers who offer to sell it, then don't deliver after they're paid, and pretend it never happened.
Yikes, who lit up your hibachi & chose not to invite you to dinner?
Same guy who keeps watering my cornflakes, I guess.
Same guy who pee'd on @Garlicus 's Cheerios.
Ok so we have the silver side version now here is the truth. It was April 15 to 16 by the way.
First 9% and 11% are not an "equal hit". Second silver fell from $27.40 to $23.54 which is $4.16 not $3 and it was an over 15% fall not 11%. Gold fell from 1483 to 1367 on that day losing 116 which is less than 8%.
So it wasn't 11 vs 9%, it was over 15% vs under 8%. Silver took nearly double the drop. Hardly an "equal hit".
Despite the fact that silver took nearly a double drop it has somehow managed to lose another 26% or so while Gold has gained back all it lost that day plus adding a little profit. So the Gold drop that day and later throughout the year was simply an opportunity for Gold buyers to buy cheaply and make even more gains. Meanwhile the silver crowd screaming about buying the dips just continued to lose.
So yes just further proof that silver is the Powerball ticket of metals. Such big promises but it always ends of losing. They say silver is in short supply, the only thing in short supply on the silver side is actual facts.
Compare apples to apples, who cares about the percentages, as your looking
At the amount of money actually lost or gain $5 -$10 dollars versus hundreds
A 1 Oz Silver eagle is about $20 a gold eagle is $1,500 a big difference!!
Thinking anybody cares about what this shyster says...
It starts off: Silver, platinum and other industrial metals, laggards among commodities in 2019, could take the spotlight in the years ahead.
Who knows? I don't. But I hope they're right.......
Man, that recurring video above is annoying--is there a way to stop it?
@goldcollector being accused of cheating someone? If so, he doesn't seem to be defending himself. Would someone kindly PM me as to what is what?
It happened a while back, it's probably not relevant anymore to defend himself. Plus people would likely react "that's what a guilty person would do, be defensive" - it goes both ways. I can understand not bothering with it. It's his word over everyone else.
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