Discussion in 'Bullion Investing' started by goldcollector, Apr 17, 2017.
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When Silver starts tanking, the silver crowd disappears quick. I love it
Familiar. All too familiar
Year to date mean more to me.
And you will be no where to be found when your "GSR IN THE 50S" Prediction comes no where close.
And that Robert Kiyosaki guy that's the same guy who was pumping real estate right before the great recession. Lol.
I probably should have noted that transaction costs make this impractical for small time investors in PMs. I tend to forget that not everybody deals in 1000 oz silver future contracts. Maybe some sharp Wall Street guy will start a PM fund which automatically rebalances; that would make it practical for the small guy.
So if ratio went up to 65% you would sell enough gold to get it down to 60%, while at the same time buying more Gold the next time you add to the portfolio. Selling and buying at the same time can't be a good idea. Well let me preface that since everyone in this board always buys way under spot and sells way over. And still aren't rich. Go figure that one. Still it seems the smarter thing to do would just buy 100% of whichever metal fell below your allowable variance until you get back to 60/40 or whatever. But this that you are talking about here is something different than playing the GSR.
Your right about them blowing up the currency. Sad, and one has to diversify to survive this game. The Reddit - walsltreetbets, Short seller debacle is back to the same old thing. The people on the street figured out a way to win and the rich dont like it. They will force people back into their holes and the short selling billionaires will get whatever they want. Things really dont change until their is blood in the street. That will happen because of the greed of the FED Banksters, Medical community, Wallstreet, so much greed to go around. They have destroyed the ability to get a good paying job like 1945 - 1995 and that, you cannot change in a year, or 5
Ahh ... Short Sellers. Gotta love 'em They have over 100% Shorts on GameStop .. so they deserve what they get.
It reminds of Herbalife and Ackman (Shorted) vs Icahn (drove the price way up). you gotta love a good fight and financial destruction. But when two billionaires do it it's fun to watch .. when the masses vs Billionaires for some reason it's wrong.
There's talk that Robinhood may end-up in receivership before the weekend is out as a best case scenario. The alternative, a Lehman Brothers collapse on Monday morning and complete pandemonium in the markets.
Not to mention the lawsuits RH is going to be facing, some of which have already been filed
At least silver has been averaging mid-20's. We may not see teens anytime soon again. It's exceeded my expectations.
It hasn't been under 22 in almost a year. I'd say those who bought at low 10's are doing good. It's been averaging around 25 for months.
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