Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Pounce or stalk?
>
Reply to Thread
Message:
<p>[QUOTE="medoraman, post: 1216405, member: 26302"]Stevie,</p><p><br /></p><p>Not to pick on you, but the same prognisticators have talked up the same markets for DECADES. All of their "predictions" have been reiterated over and over. A broken clock is right at least twice a day, correct?</p><p><br /></p><p>We had just as bad currency crisis', bank defaults, debt issues, etc in the 70's and it got better and PM plummeted and stayed low for a long time. I am not saying it will happen that way again, but you shouldn't make fun of someone pointing out the FACT that it could.</p><p><br /></p><p>I see by your name here you are a fan of bullion. That's great, but everyone here is not under the assumption that PM has to go up and stay up in the future. We do not claim to know what WILL happen, just pointing out this is not the first time we have had international issues, and that a lot of this current demand is psychologically driven. Investor psychology is fickle, and works to drive prices lower and lower just as easily as it drives prices up right now. </p><p><br /></p><p>I am just warning you that you are thinking in a very narrow way, as you were accusing Sodude of doing. To discount the possibility of lower prices is possibly setting yourself up for failure. If it was known that silver was going up, it would have already gone up much higher. The huge and growing demand from "investors" who have not historically bought silver to me is a very weak basis to form long term price gains, and as such I am not convinced silve is going up, (discounting inflation), any more than it could go down.</p><p><br /></p><p>Like I said, not picking on you, just laying out a few historical facts about this market as I see it. In my experience, any investor CONVINCED, (like in a religious way), that an investment MUST go up is on pretty dangerous grounds.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1216405, member: 26302"]Stevie, Not to pick on you, but the same prognisticators have talked up the same markets for DECADES. All of their "predictions" have been reiterated over and over. A broken clock is right at least twice a day, correct? We had just as bad currency crisis', bank defaults, debt issues, etc in the 70's and it got better and PM plummeted and stayed low for a long time. I am not saying it will happen that way again, but you shouldn't make fun of someone pointing out the FACT that it could. I see by your name here you are a fan of bullion. That's great, but everyone here is not under the assumption that PM has to go up and stay up in the future. We do not claim to know what WILL happen, just pointing out this is not the first time we have had international issues, and that a lot of this current demand is psychologically driven. Investor psychology is fickle, and works to drive prices lower and lower just as easily as it drives prices up right now. I am just warning you that you are thinking in a very narrow way, as you were accusing Sodude of doing. To discount the possibility of lower prices is possibly setting yourself up for failure. If it was known that silver was going up, it would have already gone up much higher. The huge and growing demand from "investors" who have not historically bought silver to me is a very weak basis to form long term price gains, and as such I am not convinced silve is going up, (discounting inflation), any more than it could go down. Like I said, not picking on you, just laying out a few historical facts about this market as I see it. In my experience, any investor CONVINCED, (like in a religious way), that an investment MUST go up is on pretty dangerous grounds. Chris[/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
>
Pounce or stalk?
>
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...