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<p>[QUOTE="goldcollector, post: 3569124, member: 9088"]The day I started this thread</p><p><br /></p><p>Gold spot was $1268.45 its now ~ $1350.00. That's an $82 gain or about 6.5% over 2 years an average 3.25% annual gain. About equal to inflation.</p><p><br /></p><p>The same day silver spot was $18.40. Its now ~$14.85. A loss of $3.55 or about 20%. Over 2 years an average loss of 10%.</p><p><br /></p><p>This is not simply a "correction" I started this thread when Gold had already been on a 4 year Bull versus silver. GSR Doubled from 2013 to 2017.</p><p><br /></p><p>Silver is the PM equivalent of powerball tickets. You aren't gonna get rich quick. You're just gonna keep losing. There are literally BILLIONS of ounces of silver at $14.85 + .75 premium that they can't sell. Lol with all these 10 ounces at spot "deals". Lol. Please tell me who has Gold at spot ???? And 10 ounces to boot ??? Hell Id love a single Gold Krug at spot. Just 1 ounce. Come on APMEX. Oh that's right -- No One sells Gold at spot. Even with Gold 91 times more valuable than Silver they unload Silver at spot but no way they would let go of Gold at spot.</p><p><br /></p><p>Get rich quick (silver) pretty much impossible.</p><p><br /></p><p>Get rich slow (Gold) not that hard.[/QUOTE]</p><p><br /></p>
[QUOTE="goldcollector, post: 3569124, member: 9088"]The day I started this thread Gold spot was $1268.45 its now ~ $1350.00. That's an $82 gain or about 6.5% over 2 years an average 3.25% annual gain. About equal to inflation. The same day silver spot was $18.40. Its now ~$14.85. A loss of $3.55 or about 20%. Over 2 years an average loss of 10%. This is not simply a "correction" I started this thread when Gold had already been on a 4 year Bull versus silver. GSR Doubled from 2013 to 2017. Silver is the PM equivalent of powerball tickets. You aren't gonna get rich quick. You're just gonna keep losing. There are literally BILLIONS of ounces of silver at $14.85 + .75 premium that they can't sell. Lol with all these 10 ounces at spot "deals". Lol. Please tell me who has Gold at spot ???? And 10 ounces to boot ??? Hell Id love a single Gold Krug at spot. Just 1 ounce. Come on APMEX. Oh that's right -- No One sells Gold at spot. Even with Gold 91 times more valuable than Silver they unload Silver at spot but no way they would let go of Gold at spot. Get rich quick (silver) pretty much impossible. Get rich slow (Gold) not that hard.[/QUOTE]
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TRYING TO "Play the GSR" -- HORRIBLE IDEA
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