TRYING TO "Play the GSR" -- HORRIBLE IDEA

Discussion in 'Bullion Investing' started by goldcollector, Apr 17, 2017.

  1. -jeffB

    -jeffB Greshams LEO Supporter

    Shouldn't you be making good on your debts? It's been over 800 days since @Garlicus sent your money.

    Why are you so determined to hang onto that silver?
     
    Garlicus likes this.
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  3. EdThelorax

    EdThelorax Well-Known Member

    The day I first posted on this thread:
    Gold $1428 now $1528 +$100 7%
    Silver $15.45 now $18.45 +$3 19%
    Bitcoin$12,200 now $8,600 -3600 -29%
    GSR 91.719 now 82.572 -9.147 -9.97%
    Let's talk about holding on to a losing idea, shall we?
     
  4. -jeffB

    -jeffB Greshams LEO Supporter

    For those keeping score at home, that was Dec 18 2018, right?
     
  5. EdThelorax

    EdThelorax Well-Known Member

    You are correct, I didn't realize it has been that long already.
    The numbers I posted are not correct.
    I guess the whole thing was a losing idea on my end.
    I'm sorry.
     
  6. -jeffB

    -jeffB Greshams LEO Supporter

    I'm sorry too, I didn't mean to shoot you down, I was just trying to narrow it for context. What was the timepoint you had in mind with your previous post?
     
  7. EdThelorax

    EdThelorax Well-Known Member

    Don't be sorry JeffB. I expect to be corrected when wrong. I'm wrong often enough that I am used to it and can take correction.
    Those figures were from June 24, 2019. There was a long lull in my posting between that and Dec. 18, 2018.
     
  8. EdThelorax

    EdThelorax Well-Known Member

  9. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Well-Known Member

    PM's are not supposed to be short term investments. Quite a few people watch GSR, even the "Money Changer" does. Keep swapping between gold at a 20-30 GSR, back to silver at 90-100, you got something going.

    I've also known quite a few people that bash silver, this is nothing new. I like both.
     
  10. goldcollector

    goldcollector Member

    GSR 86.11

    THREAD started at 68.93
     
  11. Santinidollar

    Santinidollar Supporter! Supporter

    This thread is dead, along with your sterling reputation.
     
  12. -jeffB

    -jeffB Greshams LEO Supporter

    Nice. :)
     
  13. WoodyWW

    WoodyWW Junior Member

    I remember SILVER hitting $25/oz. in late 1979--(but some say it hit $50). Gold was in the $600 range, but then spiked briefly to about $875 in early 1980. These were astonishing prices at the time--PM bugs thought there was going to be Hyper-Inflation in the US, etc.

    Silver is a lousy investment, unless it's at a really low price point, & then can unload some during a (rare) silver bull market/bubble. Gold can be better, over time I think, if you buy it when it's down. But I wouldn't sell silver at the current price--it "seems" cheap to me, inflation adjusted.

    I do love gold & silver coins tho--AGE's, ASE's, Morgans, rolls of Unc. Franklin halves, etc. There can be a lot of Psychic Satisfaction in enjoying your "stash" of PM......(unless you buy at a top).....
     
    Last edited: Nov 30, 2019
  14. goldcollector

    goldcollector Member

    Great post and I agree
     
  15. goldcollector

    goldcollector Member

    Today

    Silver Down 3%
    Gold Down 1%
    Platinum up .1%
    Palladium up 2%

    and so it goes. The more thimgs change the more things stay the same.

    The GSR now almost back to 90 its about 88. The small correction silver posted (which was down to about 79 I think) didn't last at all and now its back to 88. Thread started at 68.93 and it will never be that low ever again. Lucky all those people didn't really swap their gold for silver as they had been claiming since it was in the 40s
     
  16. -jeffB

    -jeffB Greshams LEO Supporter

    So aren't you a little disappointed that you chose to sell silver to @Garlicus and then keep it after he sent you money? Shouldn't you have been defrauding people over gold instead?

    I'd ask if you were ashamed about it, but we've already clearly established the answer to that question.
     
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