The Men Separated from the Boys

Discussion in 'Bullion Investing' started by fatima, May 5, 2011.

  1. medoraman

    medoraman Supporter! Supporter

    But SOMETIMES thinking for yourself with no hard information will lead you to a conclusion that is valid only inside your head.

    Common sense is not so common, and thinking for yourself is fine, but shouldn't you use real data instead of just dreaming up a scenario?

    Cloud, you said yourself that you had a good idea many years ago, but were afraid that you needed to reevaluate your thought patterns in order to come up with fresh ideas, because the same old ideas are dangerous while investing. That is all I am doing, challenging your assumptions as to what is happening. Maybe what you said has happened the last 20 times this market action has taken place, but has that happened this time?
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  3. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    Time will tell. For now, the path of least resistance still seems to be up. I've already done quite a bit of selling over the last 6 months and plan to sell more as the price rises -- nobody knows where the exact top will be. I'll no doubt get caught will some silver left to sell, but hopefully not too much.
  4. Rono

    Rono Senior Member


    I had to sell some paper holdings in retirement accounts last week because the price of silver drop broke my mental stops. These included SLV, GDXJ, CEF and SLW. This was my speculative position. I'm a momentum investor and as such overweight some trending sector to increase my overall returns relative to the plain vanilla market. Since 2001/2002 gold and silver have been trending.

    I'm also a long time coin collector and have been accumulating various forms of bullion since before the current bull market. I like silver crowns and the present day nation sets - leafs, 'tads, pandas, brits, etc. Did a similar approach, albeit on a small scale, with gold - different countries then and now. Oh, and prefer Engelhard and JMs for my rounds and bars. Bought my first AGE at a POG of 335.

    This bull market could end tomorrow and gold and silver could revert to their century lows and I wouldn't sell any phsyical holdings.


  5. 10gary22

    10gary22 Junior Member

    I believe most of those here who follow the trends do know what the changes did and what they meant. Although, I agree that few of us speculate in the markets. We like to OWN our PM's. I prefer the actual bullion to a futures contract, anyway.
  6. goldcollector

    goldcollector Member

    Smart move. Might have been even smarter to buy "palladium"
  7. -jeffB

    -jeffB Greshams LEO Supporter

    You must have been very, very bored last night.
  8. Johnnie Black

    Johnnie Black Neither Gentleman Nor Scholar Supporter

    Interesting thread from 2011. One person closing out a 401k to buy silver around $38/oz. Many expecting a bottom of $30 to $35.
    Two Dogs likes this.
  9. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    Not sure how much further Silver can drop ! but will keep buying my 30 OZ
    A month, i am in it for long term so this could just be a little bump in the road
    as far as gold goes just bought a 1 OZ 2017 Gold Red Dragon, not to far over
    Current spot so i am somewhat comfortable with the purchase.
    Johnnie Black likes this.
  10. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    People in silver at the price point will have a very long wait ! dont see any numbers
    Like that happening anytime soon or at all.
  11. Bman33

    Bman33 Well-Known Member

    Bought a tube of ASE's today for $368. Didn't quite hit the drop at it's lowest but still happy to get a fresh tube at that price. My strategy is to buy again next week maybe several times if we keep seeing a drop.
    Two Dogs, Johnnie Black and mpcusa like this.
  12. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    For sure a smart move !
  13. -jeffB

    -jeffB Greshams LEO Supporter

    Any particular reason that you're buying a fixed amount, instead of dollar-cost averaging?
  14. Johnnie Black

    Johnnie Black Neither Gentleman Nor Scholar Supporter

    Queens Beasts are sweet silver or gold. I think you'll enjoy it.
  15. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    It was a tough choice, there are so many excellent choices out there, normally
    a Krugerrand 1OZ gold guy but switched up this time when i saw the 1 OZ gold
    Dragon next up will most likely be the griffin, i like the dark mid evil stuff, though
    i already posted it on another forum thread will post again for your inspection
    it,s called "the death dealer" 1 OZ Silver Proof
  16. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

  17. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

  18. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

  19. medoraman

    medoraman Supporter! Supporter

    Jeff has a fantastic point as usual. If people used to buy a tube per fixed timeframe at $35 an ounce, they should be buying two at these prices. DCA forces people to buy more when cheaper, and less when higher, exactly what a rational investor should do. I have learned over time though that small investors are anything but rational.

    Myself, I am just running out of room for silver. Too bulky for even large SDBs. Therefore, I only buy silver in coins, either ancients for myself or modern coins with animals on them for the kids. Any investment money going into PM is going into something more compact, (platinum right now due to PT/AU spread).
  20. Billyloves silver

    Billyloves silver New Member

    Word is silver miners are profitable at $12.50 an ounce and there is an unseen shortage of silver supply. Price goes down to $13.00 and the supply will be shut off. Good time to buy.
  21. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    The only reason that silver would go down to $ 16.00 ( there) $15.00, $14.00, $13.00 , $12.00 is that no one wants to buy it even @ a nickle more an ounce. It can go down even farther if even less people want to hold it the next day, and so on. Human nature is such they all say " I will back up the truck and fill it ,if silver hits $xx.xx ", but if that occurs, they then think , what if it keeps going down and very few do have buying sprees. There are many who went through the last cycle buying when they thought it HAD to have hit bottom, and haven't yet , and probably never will, recover the money lost. It is not that simple IMO.
    medoraman and Johndoe2000$ like this.
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