Silver getting crushed today

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

  1. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    This is my answer. Bullion feels almost like a gift to me at this level. And I don't have to worry about taking a bath anyways. That is for my kids and grandkids to stress over.
     
    Silversloth likes this.
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  3. Clawcoins

    Clawcoins Damaging Coins Daily

    And for them, it's a 100% profit anyways.

    They didn't spend the money to acquire it. They just have to worry about cashing out if they opt for that.

    So current spot price has no direct correlation to further acquisition costs, just an indirect impact if the kids have the acquisition costs and relate it to any sale.

    And you just relate it to more PMs based on past purchases on higher PM prices.

    I have many threads of thought about this including I get more than what I was getting in the past thoughts. Then my money fights for how I use it for other things I want/need.
     
    Randy Abercrombie likes this.
  4. longnine009

    longnine009 Darwin has to eat too. Supporter

    I'll continue buying. I believe in cycles.

    "Strength becomes weakness weakness becomes strength."
    Sun Tzu
     
    Don P likes this.
  5. Clawcoins

    Clawcoins Damaging Coins Daily

    I think I saw a low of $14.99 for a quick second before bouncing back up.

    So now it has breached below $15 spot. But staying above it ... For now.

    upload_2018-8-13_11-42-49.png
     
    Last edited: Aug 13, 2018
  6. Santinidollar

    Santinidollar Supporter! Supporter

    Just holding steady. I don’t believe in trying to catch a knife that has fallen straight down by $100 Oz.
     
  7. Bman33

    Bman33 Well-Known Member

    Yeah, I am caught between holding my position or continuing to buy and track the running average.
     
  8. Clawcoins

    Clawcoins Damaging Coins Daily

    can gold stay under $1200 now ??
    upload_2018-8-13_12-20-11.png
     
  9. desertgem

    desertgem Senior Errer Collecktor

    And Halloween is still 2 months away! Jim
     
  10. Clawcoins

    Clawcoins Damaging Coins Daily

    Silver hit $14.95 .. another milestone
    upload_2018-8-13_12-46-4.png

    upload_2018-8-13_12-45-30.png


    GOLD so much for $1200 .... $1193
    upload_2018-8-13_12-47-7.png


    and one of my favorites .. PLATINUM upload_2018-8-13_12-48-28.png

    upload_2018-8-13_12-48-41.png
     
  11. mikem2000

    mikem2000 Lost Cause


    I believe in cycles also. With Silver over the last hundred years there have been three spikes, 1919, 1979, 2011. Seems the next high cycle may occur sometime between 2043 and 2070.

    Of course still on the cycle theory, Silver should bottom out at around $6 (inflation adjusted to 2018 dollars) by around 2025.

    This is just a numbers thing, but as a believer in cycles, the way I read the data, not thinking silver is the best way to go. YMMV

    upload_2018-8-13_12-57-17.png
     
  12. longnine009

    longnine009 Darwin has to eat too. Supporter

    It's okay Mike. It's not your money, it's mine.
     
    Last edited: Aug 13, 2018
  13. mikem2000

    mikem2000 Lost Cause

    Who's money it is is not germane to the conversation. Since you posted you are a believer in cycles I figured you may wish to defend you point. If you are "faith buyer" I cannot argue, but you post indicates otherwise as your buying is motivated by "cycles". Do you wish to re-butt or do you concede my point?
     
  14. -jeffB

    -jeffB Greshams LEO Supporter

    That's not relevant anyhow, is it? Doesn't the cost basis reset on inheritance?

    In other words, if I put $1000 into gold at $120 an ounce and it's $1200 now, I've got $10K at a cost basis of $1K. If I sold, I'd pay capital gains on $9K.

    If I die and the gold goes to my kids today, their cost basis is $10K (market value at the day I die, I think there's an option to take a different date instead). If they sold at today's price, they'd pay capital gains on nothing.
     
  15. desertgem

    desertgem Senior Errer Collecktor

    Death is a rather harsh way to combat capital gains :)
     
  16. Clawcoins

    Clawcoins Damaging Coins Daily

    I've actually have never met anyone, or heard of anyone (other than really really rich people) pay taxes on inherited coins/PMs. Just sell some at a time to stay below the $10k "what are they doing" red flags and ppl just pocket the money.

    Last time I was in a coin shop some guy came in, said he found a 1oz AGE in his now passed uncle's safe .. sold it to the shop .. got cash. I highly doubt he would list it in his taxes.

    how many ppl here track their capital gains on their PMs .. and put it on their taxes that are not a business entity?
     
    Silversloth likes this.
  17. desertgem

    desertgem Senior Errer Collecktor

    All three of the PM broke the ( imaginary) cost barriers today at rather sharp descent so far. In contrast , the REITS are increasing in Ask price and the dividend will probably decrease if this continues, so may shift when gold goes under 1050 until it reverses with a war or something bad.
     
  18. juris klavins

    juris klavins Well-Known Member

    Back to post #1 (1 Apr 16) - same as it ever was :rolleyes:

    David Byrne would say:

     
  19. abuckmaster147

    abuckmaster147 Well-Known Member

    C and maybe A depends
     
  20. abuckmaster147

    abuckmaster147 Well-Known Member

  21. Clawcoins

    Clawcoins Damaging Coins Daily

    I sold 1 trillion pounds of PMs at one time.

    I needed the money to buy Banana Crypto before those prices split and slid way up.

    Sorry :rolleyes:
     
    abuckmaster147 and juris klavins like this.
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