Silver getting crushed today

Discussion in 'Bullion Investing' started by Soiled, Apr 1, 2016.

  1. abuckmaster147

    abuckmaster147 Well-Known Member

    Thats all and well but I got one thing you do not have!!! "Coach Jim Boeheim" ;):happy::p:p
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  4. abuckmaster147

    abuckmaster147 Well-Known Member

    SLACKACTION likes this.
  5. abuckmaster147

    abuckmaster147 Well-Known Member

    SLACKACTION and Clawcoins like this.
  6. CoinCorgi

    CoinCorgi Derp, derp, derp!

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  7. abuckmaster147

    abuckmaster147 Well-Known Member

    Uh Oh!!! Probably good news out of white house What will this do to commodities???
    PlanoSteve likes this.
  8. sakata

    sakata Devil's Advocate

    Got to be a first! Random acts produce random results so who know how commodities will act.
  9. Clawcoins

    Clawcoins Well-Known Member

  10. sakata

    sakata Devil's Advocate

  11. abuckmaster147

    abuckmaster147 Well-Known Member

  12. Clawcoins

    Clawcoins Well-Known Member

    So true, there are exceptions as 2011, and 1980 proves. But they certainly are not the Norm.
  13. sakata

    sakata Devil's Advocate

    Those were not investments. They were speculations. I did not hold any silver in 1980 but I did in 2011. It was held as a hedge but I certainly sold some for a profit. But it was never bought as an investment.
  14. Clawcoins

    Clawcoins Well-Known Member

    I bought my High School ring in 1980, 14k gold. I was held in hostage (gold and ring prices) and I wasn't speculating if I was going to graduate or not.o_O
    Last edited: Mar 12, 2018
    SLACKACTION and abuckmaster147 like this.
  15. Garlicus

    Garlicus Debt is dumb, cash is king.

    I came here to post the same article, lol.

    While they say 4%, I would recommend a minimum of 3-6 months worth of expenses held in PMs, in ADDITION to the 3-6 months worth of expenses held in CASH in your emergency fund. Hopefully for most, this amount is less than 4%, but not everyone is a diligent saver.*

    *Disclaimer: I am not a financial adviser, I just play one on CT. :happy:
  16. Clawcoins

    Clawcoins Well-Known Member

    I've changed my stance on PM holdings.
    I also hold stock/mutual funds, etc. The stock is rising up in valuation quite well. There's no way I'm going to buy at the amount that I need to to keep PM at a steady 4-5%.

    Plus, I recently rebalanced my Collector coins/PMs. I have PMs defined as non-proof/collection ASE, AGEs, APEs. Granted I have some Commemorative silver that should be in the PM definition but I mostly lump it with the coin collection as I'm not going to categorize (yet) all my PM based coinage. But all numismatic PM based coins are not part of the equation anymore.

    Overall my PMs now are well under 2% and I don't think it's going to go up any time soon as the stock market is just too lucrative to store wealth in PMs at the moment.

    Plus, my hardest decisions .. I can get upwards of 10% of Commercial BBB+ Bonds. It's not "guaranteed" but we're talking companies like Coca-Cola, Boeing, Caterpillar, etc. So why put $$ into PMs hoping for that massive PM valuation move when one can easily get 10%. PMs will continue to be a smaller % of my portfolio over time as it's just for my own amusement.
  17. Bud1 Wilson

    Bud1 Wilson Well-Known Member

    I know a guy who once said " In confusion is profit " so he and another City Employee decided to make a profit....they are in jail now.:happy:
    abuckmaster147 likes this.
  18. Clawcoins

    Clawcoins Well-Known Member

    Bingo time
    Last edited: Mar 13, 2018
  19. -jeffB

    -jeffB Greshams LEO Supporter

    Nothing like a nice chaotic surprise tweet announcement to bump prices around a bit...
    abuckmaster147 likes this.
  20. sakata

    sakata Devil's Advocate

    Oh? What happened?
  21. Nathan401

    Nathan401 Supporter! Supporter

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